PPDT - 08/04/2011 Thursday - PP-XLF = 14.33

[ask2lern]

Good Morning Gang
Here are the pivots……….…hope everyone has a great day ……GLTA


GOLD

R3 1697.93
R2 1680.83
R1 1671.47

PP 1663.73

S1 1654.37
S2 1646.63
S3 1629.53


SILVER

R3 44.63
R2 43.08
R1 42.45

PP 41.53

S1 40.90
S2 39.98
S3 38.43


IWM

R3 81.44
R2 78.97
R1 78.11

PP 76.50

S1 75.64
S2 74.03
S3 71.56




TNA

R3 76.48
R2 70.25
R1 68.90

PP 64.02

S1 61.86
S2 57.79
S3 51.56



TZA

R3 50.44
R2 46.36
R1 43.69

PP 42.28

S1 39.61
S2 38.20
S3 34.12


SDS

R3 24.68
R2 23.68
R1 23.03

PP 22.68

S1 22.03
S2 21.68
S3 20.68


SSO

R3 51.77
R2 49.65
R1 48.91

PP 47.53

S1 46.79
S2 45.41
S3 43.29

…………………………..GLTA

[ask2lern]

From www.optionmonster.com ...........................GLTA

Bulls face test in pushing momentum

The indexes had one of the most volatile sessions in recent memory yesterday.

The day began with a plunge that broke important support levels but, within an hour or two of the open, much of the damage had begun to be repaired. By day's end, after several tests to the flat line, the indexes closed modestly higher.

That move was enough to bring the indexes closer to resistance than we had been at the end of Tuesday's session. Considering that support levels noted below had been seriously violated intraday, that move was all the more spectacular. One of the big winners of the day were technology stocks, which helped make the Nasdaq 100 the outperformer of the day.

In sum, the levels we began with yesterday are nearly identical today. We will have to see if the bulls can maintain the up higher. If they can, this would make a third time down to key support, possibly leading to yet another test of the highs down the road. We are still in the range we have been stuck in for the year-to-date period.

Nasdaq 100 (NDX)
First support is at 2284.18, its 200-day moving average. First resistance is at 2316.19, its 50-day moving average.

For the PowerShares QQQ (QQQ) first support is at $56.08, its 200-day moving average. First resistance is at $56.87, its 50-day moving average.

S&P 500 (SPX)
First support is at 1249.05, the March low. First resistance is at 1262.87.

For the SPDR S&P 500 (SPY) first support is at $125.28, the March low. First resistance is at $126.19.

Russell 2000 (RUT)
First support is at 757.52. First resistance is at 783.17.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $75.29. First resistance is at $78.14.

[ask2lern]

www.optionmonster.com .......................GLTA

Labor reports, same-store sales on tap

There are only three items on the economic calendar today, but two of those reports--same-store sale and unemployment claims--are likely to be market movers.

Chain Store Sales, also known as same-store sales, will be released today. There is no fixed timetable for the release, as each company reports results independently beginning in the early pre-market and sometimes continuing up to the open. In addition to individual stocks, the SPDR S&P Retail and Retail HOLDRs exchange-traded funds are likely to be active.

At 6 a.m. ET, the Monster Employment Index will be reported. The index tracks online help-wanted advertising and is therefore seen as a leading indicator of employment trends. The June release, which came out at the start of July, had an index value of 146. A drop below 140 would likely be seen as bearish, while a reading above 150 would be bullish.

Jobless Claims will be released at 8:30 a.m. ET. Consensus calls for initial claims to rise to 405,000. That would be an increase from the previous week's 398,000. The forecasts range from a bullish 385,000 to a bearish 420,000.

[ask2lern]

DougKass Douglas Kass
futures up nine last nite, now down ten - phew.. regardless i just paid 125.1 for spiderr long rental now
11 minutes ago Favorite Retweet Reply

[Clinton SPX]

Once again this shit is great for futures traders and sucks for stock traders. Im so pissed at BOJ

[ask2lern]

Just to let you all know I will be gone later today and not back until Monday so no pivots tomorrow............will have my ipad so may ck in but no trading............................



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[ask2lern]

Aug 4, 2011 6:22:39 GMT -5 Clinton SPX said:

Once again this shit is great for futures traders and sucks for stock traders. Im so pissed at BOJ

Metals mkts not buying it..............gold and silver should be down more with this spike in the USD but mostly flat...............I am adding to my ZSL today.......................GLTA

[Clinton SPX]

Its obvious people are losing faith in the fiats when they do this shit

[ask2lern]

I just noticed yesterdays SPX low was 1234.56..............

[Clinton SPX]

Kills me how every gov has a mandate to keep their currency stable yet we get these huge ass swings. If the BOJ wanted to stabilize they could have just put a huge dxy buy order at 74 but instead they opted to push the dollar up to 75

[ask2lern]

redliontrader
Our breath has turned bullish and showing signs or bottoming $STUDY bit.ly/qIHY0E
Aug. 4 at 7:23 AM • via Twitter Reply Like Flag More

[ask2lern]

daytrend
7.9% of stocks are above yesterday’s high. 60.0% are above yesterday’s midpoint. 6.6% are below yesterday’s low. 8:39 $SPY
Aug. 4 at 7:40 AMReply Like Flag More

[Clinton SPX]

Aug 4, 2011 7:42:03 GMT -5 ask2lern said:

daytrend
7.9% of stocks are above yesterday’s high. 60.0% are above yesterday’s midpoint. 6.6% are below yesterday’s low. 8:39 $SPY
Aug. 4 at 7:40 AMReply Like Flag More

you talking pre market prices?
I dont see how

[elle]

just woke up, waht, futures a surprise

[Clinton SPX]

400K: Initial Jobless Claims Basically Exactly Flat

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=14.33
MP=14.43 R1=14.53 MP=14.59 R2=14.64 MP=14.80 R3=14.95 MP=15.11 R4=15.26
MP=14.28 S1=14.22 MP=14.12 S2=14.02 MP=13.87 S3=13.71 MP=13.56 S4=13.40
O=14.37 H=14.44 L=14.13 C=14.42

FAS PP=20.89
MP=21.36 R1=21.83 MP=22.08 R2=22.33 MP=23.05 R3=23.77 MP=24.49 R4=25.21
MP=20.64 S1=20.39 MP=19.92 S2=19.45 MP=18.73 S3=18.01 MP=17.29 S4=16.57
O=21.07 H=21.39 L=19.95 C=21.33

FAZ PP=52.81
MP=53.47 R1=54.12 MP=55.31 R2=56.49 MP=58.33 R3=60.17 MP=62.01 R4=63.85
MP=51.63 S1=50.44 MP=49.79 S2=49.13 MP=47.29 S3=45.45 MP=43.61 S4=41.77
O=52.38 H=55.18 L=51.5 C=51.75

SPY PP=125.34
MP=126.24 R1=127.14 MP=127.63 R2=128.12 MP=129.51 R3=130.90 MP=132.29 R4=133.68
MP=124.85 S1=124.36 MP=123.46 S2=122.56 MP=121.17 S3=119.78 MP=118.39 S4=117.00
O=125.66 H=126.31 L=123.53 C=126.17

SPG PP=114.56
MP=115.69 R1=116.82 MP=117.53 R2=118.24 MP=120.08 R3=121.92 MP=123.76 R4=125.60
MP=113.85 S1=113.14 MP=112.01 S2=110.88 MP=109.04 S3=107.20 MP=105.36 S4=103.52
O=115.72 H=115.97 L=112.29 C=115.41

GS PP=132.02
MP=132.68 R1=133.33 MP=133.96 R2=134.58 MP=135.86 R3=137.14 MP=138.42 R4=139.70
MP=131.40 S1=130.77 MP=130.12 S2=129.46 MP=128.18 S3=126.90 MP=125.62 S4=124.34
O=131.35 H=133.27 L=130.71 C=132.08

JPM PP=39.76
MP=39.96 R1=40.16 MP=40.30 R2=40.43 MP=40.76 R3=41.10 MP=41.43 R4=41.77
MP=39.63 S1=39.49 MP=39.29 S2=39.09 MP=38.75 S3=38.42 MP=38.08 S4=37.75
O=39.76 H=40.02 L=39.35 C=39.9

MS PP=21.07
MP=21.25 R1=21.42 MP=21.62 R2=21.81 MP=22.18 R3=22.55 MP=22.92 R4=23.29
MP=20.88 S1=20.68 MP=20.51 S2=20.33 MP=19.96 S3=19.59 MP=19.22 S4=18.85
O=21.34 H=21.47 L=20.73 C=21.02

C PP=37.05
MP=37.36 R1=37.67 MP=37.88 R2=38.09 MP=38.61 R3=39.13 MP=39.65 R4=40.17
MP=36.84 S1=36.63 MP=36.32 S2=36.01 MP=35.49 S3=34.97 MP=34.45 S4=33.93
O=37.05 H=37.46 L=36.42 C=37.26

VIX PP=23.79
MP=24.31 R1=24.82 MP=25.54 R2=26.26 MP=27.50 R3=28.73 MP=29.97 R4=31.20
MP=23.07 S1=22.35 MP=21.84 S2=21.32 MP=20.09 S3=18.85 MP=17.62 S4=16.38
O=23.58 H=25.23 L=22.76 C=23.38

UUP PP=21.08
MP=21.10 R1=21.11 MP=21.14 R2=21.16 MP=21.20 R3=21.24 MP=21.28 R4=21.32
MP=21.06 S1=21.03 MP=21.02 S2=21.00 MP=20.96 S3=20.92 MP=20.88 S4=20.84
O=21.07 H=21.12 L=21.04 C=21.07

FROM: www.econoday.com

Economic Events & Analysis - 08/04/2011 Thursday


Weekly Bill Settlement
Chain Store Sales
Monster Employment Index

8:30 AM ET Jobless Claims
9:45 AM ET Bloomberg Consumer Comfort Index
10:30 AM ET EIA Natural Gas Report
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
3:00 PM ET Treasury STRIPS
4:30 PM ET Fed Balance Sheet
4:30 PM ET Money Supply


Additional World wide Economic Calendar information can be found at the following website.
worldeconomiccalendar.com/

NOTE:
The previous days OHLC data for todays PPDT was gathered from finance.yahoo.com for each individual stock by a series of webquerys built into a spreadsheet.
The formulas used by the www.mypivots.com website to create the Pivot Points were found in the sites help files.
The formulas were built into the spreadsheet which acts on the previous days OHLC data gathered from Yahoo.
The Pivot Points were created using the formulas from www.mypivots.com but NOT by using the site.
Please let me know if you find any errors in the data.
Use of this data is at your own risk.

[elle]

F 1230.50 we go thru

[elle]

vxx sig level 25.18

[elle]

another sig on vxx is that, believe it or not, it is still in down F, but around 25.40 top of down F

[elle]

sig R here VXX

[elle]

in xiv, never tried it, has anyone?

[maxi]

The vix is going to 30.

[maxi]

This will very possibly be a 400 point sell today.

[ccash04]

Treasurys continue to flatten now 2s10s is 215 bps, this is a ridiculous move in such a short amount of time... QE3 to be announced August 9th??

[ccash04]

selling abating as europe closes.

[ccash04]

margin calls now blowing up commodity complex.

never seen finviz so red.

[brosin]

Yeah wow that is some heavy red

Im thinking gold is a huge short here. Silver maybe better, safer

Thoughts?

[maxi]

Aug 4, 2011 11:34:17 GMT -5 brosin said:

Yeah wow that is some heavy red

Im thinking gold is a huge short here. Silver maybe better, safer

Thoughts?

safer to buy silver? The momo on ZSL has not let up even tho the indice selling has

[maxi]

U know AGQ? Wow down 22 points ultra long Silver

[maxi]

ZSL hod