PPDT - 08/02/2011 Tuesday - PP-XLF = 14.80

[ask2lern]

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


GOLD

R3 1668.83
R2 1645.03
R1 1633.17

PP 1621.23

S1 1609.37
S2 1597.43
S3 1573.63


SILVER

R3 41.90
R2 40.69
R1 40.02

PP 39.48

S1 38.31
S2 38.27
S3 37.06


IWM

R3 84.60
R2 82.08
R1 80.65

PP 79.56

S1 78.13
S2 77.04
S3 74.52




TNA

R3 82.83
R2 77.27
R1 74.99

PP 71.71

S1 69.43
S2 66.15
S3 60.59



TZA

R3 44.92
R2 41.34
R1 39.75

PP 37.76

S1 36.17
S2 34.18
S3 30.60


SDS

R3 23.70
R2 22.56
R1 22.05

PP 21.42

S1 20.91
S2 20.28
S3 19.14


SSO

R3 55.81
R2 53.13
R1 51.66

PP 50.45

S1 48.98
S2 47.77
S3 45.09

…………………………..GLTA

[ask2lern]

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 41 points or -0.93% downside to 1275 and 2.26% upside to 1316. $SPY
1 minute ago Favorite Retweet Reply

[ask2lern]

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

Russell 2000 hit hard in huge swings

The indexes traded in an extraordinarily broad range yesterday.

In the pre-market yesterday the index futures were trading up better than 1 percent on hopes the debt-ceiling debacle would soon be resolved. Soon after the open, a particularly bad ISM manufacturing number and a new wrinkle in the European sovereign debt crisis sent the indexes down by more than 1 percent at the lows. By session end, losses had moderated to fractional drops in price.

The Russell 2000 was hit hardest. Traders should keep in mind that, while the bulk of earnings are out of the way for the S&P 500, the RUT has many names yet to report and will therefore tend to swing more dramatically in coming weeks.

The price moves in the Nasdaq 100 was strong enough that the levels we started with yesterday morning have not changed for today. The S&P 500 and the Russell 2000 get new support levels. Resistance has changed for the S&P 500, with a drop down to its 50-day moving average.

The Russell's resistance level has just been adjusted to reflect the new moving average value for the day. Although technically the 200-day moving average for the Russell is immediate resistance, it is so close to where the index finished the day that it makes more sense for the time being to keep it at the 50-day.

Nasdaq 100 (NDX)
First support is at 2342.13. First resistance is at 2384.50.

For the PowerShares QQQ (QQQ) first support is at $57.46. First resistance is at $58.50.

S&P 500 (SPX)
First support is at 1285.41, its 200-day moving average. First resistance is at 1308.01, its 50-day moving average.

For the SPDR S&P 500 (SPY) first support is at $128.70, its 200-day moving average. First resistance is at $130.97, its 50-day moving average.

Russell 2000 (RUT)
First support is at 783.17. First resistance is at 815.48, its 50-day moving average.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $78.14. First resistance is at $81.54, its 50-day moving average.

[ask2lern]

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

Cars, retail sales, income on calendar

Today's economic calendar includes the weekly retail sales reports, motor vehicle sales, and personal income and spending.

The auto sales reports have no fixed timetable for releases. Each company makes its report individually, typically beginning no later than noon ET. Ford, General Motors, Tata Motors, Toyota, and Honda are likely to be active before, during, and after the releases.

At 7:45 a.m. ET, the weekly ICSC/Goldman Store Sales report will be released. There are two parts to the report, the week-over-week and the year-over-year changes. Most traders focus on the year-over-year number as it is a better indicator of the longer-term trend.

The last week-over-week change came in at a gain of 0.3 percent. The year-over-year data in the previous report showed a gain of 4.2 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be bearish.

Personal Income and Outlays data comes out at 8:30 a.m. ET. Both income and spending are expected to show a gain of 0.2 percent. That would be considered a balanced outcome where spending does not outstrip income increases.

At the low end of the range for income, a drop of -0.2 percent is expected; at the high end of spending, a gain of 0.4 percent is expected. That would be a bearish outcome where spending is outpacing income growth, which would suggest that consumers are cash-strapped going forward.

At the high end of income, a gain of 0.4 percent is expected, while at the low end of consumption a drop of -0.3 percent is forecast. This would be bearish at least temporarily for the previous month but would suggest that consumers have breathing room for spending in the future as incomes outpace consumption--and that might be seen as longer-term bullish.

The weekly Redbook Store Sales will be reported at 8:55 a.m. ET. As with the ICSC-Goldman report, there are two components to watch. One is the more volatile month-over-month change and the other is the year-over-year change, which shows the broader trend best.

The last month-over-month change was a loss of -0.6 percent. The previous report's year-over-year data showed a gain of 3.5 percent. Negative numbers in either series would be bearish.

[timber]

12,30 is the senate vote

[ask2lern]

I am watching SPY 128.18..........if we can break on vol next level is 128.99..............on the down LOD for now.....................

[elle]

C'est moi.

[ask2lern]

Hi Elle!!!

[Clinton SPX]

OK today's scalp is industrials

[elle]

such as?

[Clinton SPX]

Im a poor boy so I been playing the scottrade free to trade ETFs
todays scalp is FIL
5 largest holdings are GE, UTX, CAT, MMM and UNP

[elle]

cool

I have some sig exk. They report earnings tomorrow and don't know if should hold.

[Clinton SPX]

Aug 2, 2011 8:45:01 GMT -5 elle said:

cool

I have some sig exk. They report earnings tomorrow and don't know if should hold.

FWIW I like EXK chart

[ask2lern]

IWM green..............

[elle]

have 79.45 R, so we'll see if it holds

[Clinton SPX]

oil went from 94 to 95 last 60 min

[elle]

Aug 2, 2011 8:46:00 GMT -5 Clinton SPX said:

Aug 2, 2011 8:45:01 GMT -5 elle said:

cool

I have some sig exk. They report earnings tomorrow and don't know if should hold.

FWIW I like EXK chart

thanks, Clint, just have so much - doing battle with greed monster

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=14.80
MP=14.89 R1=14.98 MP=15.10 R2=15.21 MP=15.42 R3=15.62 MP=15.83 R4=16.03
MP=14.69 S1=14.57 MP=14.48 S2=14.39 MP=14.19 S3=13.98 MP=13.78 S4=13.57
O=15.03 H=15.03 L=14.62 C=14.75

FAS PP=22.99
MP=23.37 R1=23.74 MP=24.28 R2=24.82 MP=25.74 R3=26.65 MP=27.57 R4=28.48
MP=22.45 S1=21.91 MP=21.54 S2=21.16 MP=20.25 S3=19.33 MP=18.42 S4=17.50
O=24.03 H=24.07 L=22.24 C=22.66

FAZ PP=48.30
MP=49.42 R1=50.53 MP=51.33 R2=52.13 MP=54.04 R3=55.96 MP=57.87 R4=59.79
MP=47.50 S1=46.70 MP=45.59 S2=44.47 MP=42.55 S3=40.64 MP=38.72 S4=36.81
O=46.13 H=49.89 L=46.06 C=48.94

SPY PP=129.09
MP=129.87 R1=130.65 MP=131.59 R2=132.52 MP=134.24 R3=135.95 MP=137.67 R4=139.38
MP=128.16 S1=127.22 MP=126.44 S2=125.66 MP=123.95 S3=122.23 MP=120.52 S4=118.80
O=130.84 H=130.96 L=127.53 C=128.78

SPG PP=120.36
MP=121.21 R1=122.05 MP=123.21 R2=124.37 MP=126.37 R3=128.38 MP=130.38 R4=132.39
MP=119.20 S1=118.04 MP=117.20 S2=116.35 MP=114.34 S3=112.34 MP=110.33 S4=108.33
O=121.82 H=122.67 L=118.66 C=119.74

GS PP=135.08
MP=135.75 R1=136.41 MP=137.54 R2=138.67 MP=140.47 R3=142.26 MP=144.06 R4=145.85
MP=133.95 S1=132.82 MP=132.16 S2=131.49 MP=129.70 S3=127.90 MP=126.11 S4=124.31
O=136.92 H=137.34 L=133.75 C=134.15

JPM PP=40.59
MP=40.91 R1=41.22 MP=41.61 R2=42.00 MP=42.71 R3=43.41 MP=44.12 R4=44.82
MP=40.20 S1=39.81 MP=39.50 S2=39.18 MP=38.48 S3=37.77 MP=37.07 S4=36.36
O=41.16 H=41.37 L=39.96 C=40.44

MS PP=22.41
MP=22.58 R1=22.74 MP=22.96 R2=23.18 MP=23.57 R3=23.95 MP=24.34 R4=24.72
MP=22.19 S1=21.97 MP=21.81 S2=21.64 MP=21.26 S3=20.87 MP=20.49 S4=20.10
O=22.75 H=22.86 L=22.09 C=22.29

C PP=38.59
MP=38.93 R1=39.27 MP=39.66 R2=40.05 MP=40.78 R3=41.51 MP=42.24 R4=42.97
MP=38.20 S1=37.81 MP=37.47 S2=37.13 MP=36.40 S3=35.67 MP=34.94 S4=34.21
O=39.34 H=39.38 L=37.92 C=38.48

VIX PP=23.92
MP=24.65 R1=25.37 MP=26.23 R2=27.09 MP=28.67 R3=30.26 MP=31.84 R4=33.43
MP=23.06 S1=22.20 MP=21.48 S2=20.75 MP=19.16 S3=17.58 MP=15.99 S4=14.41
O=22.63 H=25.63 L=22.46 C=23.66

UUP PP=21.12
MP=21.18 R1=21.24 MP=21.29 R2=21.34 MP=21.45 R3=21.56 MP=21.67 R4=21.78
MP=21.07 S1=21.02 MP=20.96 S2=20.90 MP=20.79 S3=20.68 MP=20.57 S4=20.46
O=21.01 H=21.22 L=21 C=21.14

FROM: www.econoday.com

Economic Events & Analysis - 08/02/2011 Tuesday


Motor Vehicle Sales

7:45 AM ET ICSC-Goldman Store Sales
8:30 AM ET Personal Income and Outlays
8:55 AM ET Redbook
11:30 AM ET 4-Week Bill Auction


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.

[Clinton SPX]

vix and peso down
hope this means stealth rally coming

[elle]

P.Bo trade 12:15

[elle]

iwm S 78.88

[Clinton SPX]

dont like this market so far
10m stoch should reset just as spy retest the low though

[kryptos2009]

Bought 100 AGQ @ $211 Yesterday
Sold 100 AGQ @ 215.50 Today

+2.04% / $430

Sold 2 AGQ Aug 20 220.0 Calls @ $13.00

+6.87% / $167

;D

[Clinton SPX]

GPL smoking today

[timber]

i forgot about agq calls....those must of rocked today

[Clinton SPX]

spirit of bull flag on euro

lets go mr market

[kryptos2009]

yup AGQ calls are doing well today, +20% and more on most

[elle]

iwm 5' n/l 78.94

[Clinton SPX]

xom trying to pop above a neck tie

[Clinton SPX]

euro nose drive
ugly