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Post by ask2lern on Aug 3, 2011 6:03:17 GMT -5
Good Morning Gang Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD R3 1714.23 R2 1683.03 R1 1672.07
PP 1651.83
S1 1640.87 S2 1620.63 S3 1589.43
SILVER
R3 43.15 R2 41.84 R1 41.39
PP 40.53
S1 40.08 S2 39.22 S3 37.91
IWM
R3 83.82 R2 80.75 R1 78.75
PP 77.68
S1 75.68 S2 74.61 S3 71.54
TNA
R3 83.85 R2 75.57 R1 70.24
PP 67.29
S1 61.96 S2 59.01 S3 50.73
TZA
R3 49.41 R2 44.97 R1 43.44
PP 40.53
S1 39.00 S2 36.09 S3 31.65
SDS
R3 24.30 R2 23.29 R1 22.96
PP 22.28
S1 21.95 S2 21.27 S3 20.26
SSO
R3 53.16 R2 50.79 R1 49.21
PP 48.42
S1 46.84 S2 46.05 S3 43.68
…………………………..GLTA
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Post by ask2lern on Aug 3, 2011 6:12:34 GMT -5
From www.optionmonster.com .....................GLTA Indexes at crossroads after broad selloffAfter the vote for raising the debt-ceiling passed, the markets began to melt down more aggressively yesterday. Whether this was a sell-the-news phenomenon or a paring of positions ahead of key economic data remains to be seen. Although the focus was on the plunge in equities, there was also a furious rally into Treasuries and equally strong moves into the Swiss franc against the dollar and the euro. Gold settled at a fresh nominal lifetime high. In sum, the "risk-off" plays were bought aggressively as equity trading hit very high volumes. That could be a precursor to a bounce today on positive news or perhaps the start of more serious downside if the S&P 500's big support as the March lows is taken out. While the damage in the Nasdaq 100 and the S&P 500 was for better than 2.5 percent on the downside, the Russell 2000 was down more than 3 percent. The small-cap index traded at a fresh year-to-date low and is now off more than 2 percent for the year. The S&P 500 experienced breadth deterioration on a sector basis. The financial, materials, and industrial sectors are now deep in the red for the year. The technology sector is closing in rapidly on that status as well. Watching how the sectors behave now will be an important clue to future direction. Broader breadth deterioration would be very bearish at these levels. Both support and resistance levels have changed now for all the indexes. Better-than-expected results on the employment data today could lead to a point gain as furious as the loss was on yesterday. Nasdaq 100 (NDX)First support is at 2283.14, its 200-day moving average. First resistance is at 2316.27, its 50-day moving average. For the PowerShares QQQ (QQQ) first support is at $56.05, 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.
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Post by ask2lern on Aug 3, 2011 6:15:21 GMT -5
From www.optionmonster.com ...........................GLTA Employment data leads busy calendarToday will be the economic calendar's busiest day for the week. We will get our first look at employment data in the form of job cuts and the ADP employment numbers. The MBA Purchase Applications data will come out at 7 a.m. ET. I also only look at the purchases component of the mortgage report because it indicates fresh economic activity as opposed to refinancing. There are no estimates made for this release, but last week purchases came in at 176.7. A reading higher than 176.7 by 5 percent or more would be bullish; a number lower by the same margin would be bearish. The Challenger Job-Cut Report will be released at 7:30 a.m. ET. This report tracks job cuts that have been announced but not yet implemented, leading many traders to consider it a leading indicator of employment trends. There is no forecast made for the report, but last month's cuts came in at 41,400. A number at or above 50,000 would be bearish, while one at or below 40,000 may be seen as normal or bullish depending on how far below it comes in. The big report of the morning will be the ADP Employment Report at 8:15 a.m. ET. Consensus calls for 100,000 private payrolls to have been added, from forecasts ranging from a bearish 56,000 to a bullish 150,000. Traders tend to interpret this number as a corollary to the government's Employment Situation Report on Friday, but that proved to be a very wrong assumption last month. Factory Orders will be released at 10 a.m. ET. Consensus calls for orders to have dropped by -0.7 percent. Estimates range from an even more bearish -1.8 percent to a bullish gain of 1.1 percent. The latter would be an extreme positive surprise for markets conditioned now to gloomy news. Also at 10 a.m. ET, we will see the ISM Non-Manufacturing data released. The index is expected to come in virtually flat against the prior month at 53.5. The forecast range is from a more bearish drop down to 52, to a large bullish increase to 57.1. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute issues a competing report based on its own supply data. The forecast for both reports was for a build of 0.9 million barrels. But the API release, which came out last night after the market closed, showed a draw of -3.314 million barrels instead. If the EIA data confirms this draw or shows an even larger one, it could be bullish for crude. If instead the draw number is smaller than the API's -3.314 million barrels, or is a positive number indicating a build, it could be bearish for crude. The EIA is a government body, and the API is a private industry group. The two reports do not always agree either in terms of amount or direction.
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Post by ask2lern on Aug 3, 2011 6:42:25 GMT -5
Benzinga Benzinga.com SPY July Challenger Job Cuts 59.4% vs 5.3% Prior 66k cuts $$ 8 minutes ago Favorite Retweet Reply
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Post by ask2lern on Aug 3, 2011 6:43:31 GMT -5
Hedgeye Hedgeye Bullish sentiment decreases to 46.3% from 49.5% in the latest US Investor's Intelligence poll 16 minutes ago Favorite Retweet Reply
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Post by ask2lern on Aug 3, 2011 7:01:16 GMT -5
optionmonster Jon Najarian The steeper the backwardation in VIX spot to futures gets, the more likely we're topping out in risk (VIX). 15 hours ago Favorite Retweet Reply
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Post by ask2lern on Aug 3, 2011 7:18:24 GMT -5
Mark4124NH Mark Mansfield Breaking: ADP 114k 1 minute ago Favorite Retweet Reply
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Post by Clinton SPX on Aug 3, 2011 7:23:52 GMT -5
Oil was just under 93 thats got to be seen as a stimulus at some point
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Post by Clinton SPX on Aug 3, 2011 7:35:52 GMT -5
Meanwhile, an unexpected increase in private sector job cuts in July raised the number of announced U.S. job cuts to 66,414 in July, a 16-month high, according to a report on downsizing activity by global outplacement consultancy Challenger, Gray & Christmas.
It was the first month this year that the government was not the biggest job-cutting sector.
The job cuts were up 60 percent from June, and 59 percent higher than the 41,676 layoffs recorded in July 2010. Its was the largest monthly total since March 2010.
The cuts were the result of large layoffs by a handful of private-sector employers, including Merck, Borders, Cisco Systems [CSCO 15.46 -0.37 (-2.34%) ], Lockheed Martin [LMT 73.68 -0.78 (-1.05%) ] and Boston Scientific [BSX 6.64 -0.28 (-4.05%) ].
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Post by Clinton SPX on Aug 3, 2011 7:59:25 GMT -5
oil up 80 cent in 70 min weeeeeeeeeeeeeeeeeeeeeeeee
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Post by Clinton SPX on Aug 3, 2011 8:01:28 GMT -5
swiss franc LOWERED interest rates
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Post by erxtrader on Aug 3, 2011 8:01:43 GMT -5
oil up 80 cent in 70 min weeeeeeeeeeeeeeeeeeeeeeeee Oh, did American Petroleum Institute release its data? Euro was already up big, so, it couldn't be the weakening $$$. May be ADP? Swiss Franc? You think that was it?
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Post by Clinton SPX on Aug 3, 2011 8:04:04 GMT -5
No I think oil like the adp number
people with jobs buy gasoline
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Post by Clinton SPX on Aug 3, 2011 8:16:46 GMT -5
Biggs, managing partner and co-founder of Traxis Partners LP, said U.S. stocks have become a “strong buy.” S&P 500 futures climbed 0.3 percent at 7:57 a.m. in New York today. “It’s like all these times when you second-guess yourself, and you probably wake up a little earlier than you’re used to, and maybe you put an extra finger of scotch in the glass,” said Birinyi, 67, one of the first investors to recommend buying when the bull market began in 2009. “It’s probably a good idea to have a gut check once in a while, because it makes you review and rethink your process. Our view is that this is still a market of some duration.”
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Post by kryptos2009 on Aug 3, 2011 8:28:35 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=14.46 MP=14.53 R1=14.59 MP=14.71 R2=14.82 MP=15.00 R3=15.18 MP=15.36 R4=15.54 MP=14.35 S1=14.23 MP=14.17 S2=14.10 MP=13.92 S3=13.74 MP=13.56 S4=13.38 O=14.65 H=14.7 L=14.34 C=14.35 FAS PP=21.41 MP=21.70 R1=21.99 MP=22.54 R2=23.09 MP=23.93 R3=24.77 MP=25.61 R4=26.45 MP=20.86 S1=20.31 MP=20.02 S2=19.73 MP=18.89 S3=18.05 MP=17.21 S4=16.37 O=22.32 H=22.51 L=20.83 C=20.89 FAZ PP=51.74 MP=52.95 R1=54.16 MP=54.77 R2=55.38 MP=57.20 R3=59.02 MP=60.84 R4=62.66 MP=51.13 S1=50.52 MP=49.31 S2=48.10 MP=46.28 S3=44.46 MP=42.64 S4=40.82 O=49.78 H=52.96 L=49.32 C=52.94 SPY PP=126.49 MP=127.00 R1=127.50 MP=128.50 R2=129.50 MP=131.01 R3=132.51 MP=134.02 R4=135.52 MP=125.49 S1=124.49 MP=123.99 S2=123.48 MP=121.98 S3=120.47 MP=118.97 S4=117.46 O=127.81 H=128.5 L=125.49 C=125.49 SPG PP=117.05 MP=117.69 R1=118.32 MP=119.59 R2=120.85 MP=122.75 R3=124.65 MP=126.55 R4=128.45 MP=115.79 S1=114.52 MP=113.89 S2=113.25 MP=111.35 S3=109.45 MP=107.55 S4=105.65 O=118.89 H=119.58 L=115.78 C=115.79 GS PP=132.39 MP=133.00 R1=133.60 MP=134.79 R2=135.97 MP=137.76 R3=139.55 MP=141.34 R4=143.13 MP=131.21 S1=130.02 MP=129.42 S2=128.81 MP=127.02 S3=125.23 MP=123.44 S4=121.65 O=132.08 H=134.76 L=131.18 C=131.23 JPM PP=40.02 MP=40.11 R1=40.20 MP=40.38 R2=40.56 MP=40.83 R3=41.10 MP=41.37 R4=41.64 MP=39.84 S1=39.66 MP=39.57 S2=39.48 MP=39.21 S3=38.94 MP=38.67 S4=38.40 O=40.1 H=40.38 L=39.84 C=39.84 MS PP=21.61 MP=21.77 R1=21.93 MP=22.24 R2=22.55 MP=23.02 R3=23.49 MP=23.96 R4=24.43 MP=21.30 S1=20.99 MP=20.83 S2=20.67 MP=20.20 S3=19.73 MP=19.26 S4=18.79 O=22.02 H=22.23 L=21.29 C=21.31 C PP=37.52 MP=37.77 R1=38.02 MP=38.51 R2=38.99 MP=39.73 R3=40.46 MP=41.20 R4=41.93 MP=37.04 S1=36.55 MP=36.30 S2=36.05 MP=35.32 S3=34.58 MP=33.85 S4=33.11 O=38.25 H=38.5 L=37.03 C=37.04 VIX PP=24.08 MP=24.79 R1=25.50 MP=25.86 R2=26.22 MP=27.29 R3=28.36 MP=29.43 R4=30.50 MP=23.72 S1=23.36 MP=22.65 S2=21.94 MP=20.87 S3=19.80 MP=18.73 S4=17.66 O=24.22 H=24.79 L=22.65 C=24.79 UUP PP=21.16 MP=21.19 R1=21.22 MP=21.24 R2=21.26 MP=21.31 R3=21.36 MP=21.41 R4=21.46 MP=21.14 S1=21.12 MP=21.09 S2=21.06 MP=21.01 S3=20.96 MP=20.91 S4=20.86 O=21.19 H=21.21 L=21.11 C=21.17 FROM: www.econoday.comEconomic Events & Analysis - 08/03/2011 Wednesday7:00 AM ET MBA Purchase Applications 7:30 AM ET Challenger Job-Cut Report 8:15 AM ET ADP Employment Report 9:00 AM ET Treasury Refunding Announcement 9:00 AM ET 3-Yr Note Announcement 9:00 AM ET 10-Yr Note Announcement 9:00 AM ET 30-Yr Bond Announcement 10:00 AM ET Factory Orders 10:00 AM ET ISM Non-Mfg Index 10:30 AM ET EIA Petroleum Status Report 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.
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Post by Clinton SPX on Aug 3, 2011 8:35:34 GMT -5
vix down uup down we shall see what happens
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Post by elle on Aug 3, 2011 8:46:56 GMT -5
hiya, - tanks for all the relevant data
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Post by Clinton SPX on Aug 3, 2011 8:50:53 GMT -5
come on AMZN lead the way
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Post by crumbdon on Aug 3, 2011 8:55:38 GMT -5
hiya, - tanks for all the relevant data We all love ya, Elle, you know we do. But could you please refrain from using the word "tanks" today. Please?
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Post by timber on Aug 3, 2011 8:56:02 GMT -5
i shorted fas in case of a big drop again
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Post by Clinton SPX on Aug 3, 2011 8:58:34 GMT -5
NASDAQ green hanging tuff
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Ras
Commodities Trader
Posts: 239
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Post by Ras on Aug 3, 2011 9:02:19 GMT -5
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Post by Clinton SPX on Aug 3, 2011 9:18:17 GMT -5
I cant believe airlines arent loving these low oil prices
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Post by Clinton SPX on Aug 3, 2011 9:29:42 GMT -5
off to the doctor uup and vix red go figure BBL GL traders
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Post by elle on Aug 3, 2011 9:36:49 GMT -5
vxx about to b/t the channel break from 7/29
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Post by elle on Aug 3, 2011 9:46:07 GMT -5
Rich, uh-huh 1232, you had call of the week, maybe year on weekly h&s
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Post by elle on Aug 3, 2011 10:13:33 GMT -5
W spy
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Post by elle on Aug 3, 2011 10:25:23 GMT -5
i/d h&s vxx 5'
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Post by ccash04 on Aug 3, 2011 10:31:58 GMT -5
not buying into this rally, going to let it rally for a bit and start layering into shorts... I would like to see market go sideways to up and then sell-off, remember Fed mtg. is August 9, could be when QE3 is released
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Post by elle on Aug 3, 2011 10:32:48 GMT -5
ih&s n/l spy 125.27
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