PPDT - 08/09/2011 Tuesday - PP-XLF = 12.50

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.50
MP=12.73 R1=12.95 MP=13.35 R2=13.75 MP=14.37 R3=15.00 MP=15.62 R4=16.25
MP=12.10 S1=11.70 MP=11.48 S2=11.25 MP=10.62 S3=10.00 MP=9.37 S4=8.75
O=12.99 H=13.29 L=12.04 C=12.16

FAS PP=13.67
MP=14.47 R1=15.26 MP=16.66 R2=18.06 MP=20.26 R3=22.45 MP=24.65 R4=26.84
MP=12.27 S1=10.87 MP=10.08 S2=9.28 MP=7.09 S3=4.89 MP=2.70 S4=0.50
O=15.54 H=16.47 L=12.08 C=12.46

FAZ PP=75.27
MP=80.40 R1=85.52 MP=88.42 R2=91.31 MP=99.33 R3=107.35 MP=115.37 R4=123.39
MP=72.38 S1=69.48 MP=64.36 S2=59.23 MP=51.21 S3=43.19 MP=35.17 S4=27.15
O=68.42 H=81.06 L=65.02 C=79.73

SPY PP=114.80
MP=116.19 R1=117.58 MP=120.24 R2=122.90 MP=126.95 R3=131.00 MP=135.05 R4=139.10
MP=112.14 S1=109.48 MP=108.09 S2=106.70 MP=102.65 S3=98.60 MP=94.55 S4=90.50
O=116.91 H=120.12 L=112.02 C=112.26

SPG PP=102.23
MP=103.55 R1=104.86 MP=107.42 R2=109.98 MP=113.86 R3=117.73 MP=121.61 R4=125.48
MP=99.67 S1=97.11 MP=95.80 S2=94.48 MP=90.61 S3=86.73 MP=82.86 S4=78.98
O=105.78 H=107.35 L=99.6 C=99.74

GS PP=118.40
MP=121.55 R1=124.70 MP=128.22 R2=131.73 MP=138.40 R3=145.06 MP=151.73 R4=158.39
MP=114.89 S1=111.37 MP=108.22 S2=105.07 MP=98.41 S3=91.74 MP=85.08 S4=78.41
O=122.08 H=125.44 L=112.11 C=117.66

JPM PP=35.16
MP=35.89 R1=36.62 MP=37.91 R2=39.19 MP=41.20 R3=43.22 MP=45.23 R4=47.25
MP=33.88 S1=32.59 MP=31.86 S2=31.13 MP=29.11 S3=27.10 MP=25.08 S4=23.07
O=36.23 H=37.72 L=33.69 C=34.06

MS PP=17.96
MP=18.47 R1=18.97 MP=19.90 R2=20.82 MP=22.25 R3=23.68 MP=25.11 R4=26.54
MP=17.04 S1=16.11 MP=15.61 S2=15.10 MP=13.67 S3=12.24 MP=10.81 S4=9.38
O=19.28 H=19.81 L=16.95 C=17.12

C PP=28.87
MP=30.19 R1=31.50 MP=33.27 R2=35.04 MP=38.13 R3=41.21 MP=44.30 R4=47.38
MP=27.10 S1=25.33 MP=24.02 S2=22.70 MP=19.62 S3=16.53 MP=13.45 S4=10.36
O=31.55 H=32.42 L=26.25 C=27.95

VIX PP=43.76
MP=48.00 R1=52.24 MP=54.36 R2=56.47 MP=62.83 R3=69.18 MP=75.54 R4=81.89
MP=41.65 S1=39.53 MP=35.29 S2=31.05 MP=24.70 S3=18.34 MP=11.99 S4=5.63
O=36.9 H=48 L=35.29 C=48

UUP PP=21.27
MP=21.30 R1=21.33 MP=21.38 R2=21.42 MP=21.49 R3=21.57 MP=21.64 R4=21.72
MP=21.23 S1=21.18 MP=21.15 S2=21.12 MP=21.04 S3=20.97 MP=20.89 S4=20.82
O=21.32 H=21.35 L=21.2 C=21.25

FROM: www.econoday.com

Economic Events & Analysis - 08/09/2011 Tuesday


7:30 AM ET NFIB Small Business Optimism Index
7:45 AM ET ICSC-Goldman Store Sales
8:30 AM ET Productivity and Costs
8:55 AM ET Redbook
11:30 AM ET 4-Week Bill Auction
1:00 PM ET 3-Yr Note Auction
2:15 PM ET FOMC Meeting Announcement


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.

[ask2lern]

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


GOLD

R4 1801.60
R3 1771.20
R2 1740.80
R1 1729.50

PP 1710.40

S1 1699.10
S2 1680.00
S3 1649.60


SILVER

R3 42.01
R2 40.57
R1 39.85

PP 39.13

S1 38.41
S2 37.69
S3 36.25


IWM

R3 79.86
R2 73.53
R1 69.33

PP 67.20

S1 63.00
S2 60.87
S3 54.54




TNA

R3 65.64
R2 53.71
R1 45.79

PP 41.78

S1 33.86
S2 29.85
S3 17.92



TZA

R3 84.15
R2 72.25
R1 68.26

PP 60.35

S1 56.36
S2 48.45
S3 36.55


SDS

R3 32.06
R2 29.50
R1 28.63

PP 26.94

S1 26.07
S2 24.38
S3 21.82


SSO

R3 48.31
R2 43.79
R1 40.82

PP 39.27

S1 36.30
S2 34.75
S3 30.23

…………………………..GLTA

This unprecedented rise in gold is a result of the expectation of more fiat printing IMO...........as I am sure many have noticed Silver, Platinum and the other industrials are not participating because fear of industrial slowdown....................gold is currently worth more the Platinum ...............I have said it many times Gold is money the others arent.................GLTA

[ask2lern]

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

Index levels in limbo amid market chaos

The markets suffered one of their biggest single-day losses in recent history, evoking memories of the 2008 crash. In the after-market yesterday, Japanese and Chinese markets sold off heavily.

At the time of this writing, Japan is down more than 3.5 percent, Shanghai markets more than 1 percent, and Hong Kong more than 6 percent. U.S. futures are down across the board by more than 2.5 percent, and approaching 3 percent. Crude is down another 5.5 percent.

With markets in such extreme ranges, our attempts to find levels that stick will be extremely difficult. Levels don't tend to get respected in liquidation environments.

On the flip side, there is the possibility of some form of government or Fed intervention tomorrow. If such a move materializes, that could help turn the tape higher in short order.

Given such an uncertain environment, I can propose some levels of significance to monitor with the proviso that they could be exceeded either way.

For the Nasdaq 100, support based on the current position of futures at 1975 would be at 1961, and then below at 1953.25. Resistance is at 2007.75, then at 2042.

The S&P 500 is touching a key area in futures trading at 1080. Below there, support is at 1070.66 and 1059.38. Resistance is at 1089.95, then at 1115.58.

The Russell 2000 has support at 624.99, then at 618.02. There is significant support at the 600 area, which would see the index down very near to 52-week lows. Resistance is at 641.81, and then at 650.96, yesterday's close.

[ask2lern]

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

Fed meeting leads economic calendar

Today's economic calendar is relatively full but, in light of current market conditions, most traders will be focused particularly on the Federal Open Market Committee's meeting announcement at 2:15 p.m. ET.

Many traders are now hoping that QE3 (a third round of quantitative easing) will be announced at that time. If it is, we could see the recent global rout reverse course at least partially; if not, markets could fall under even more pressure.

The remainder of the calendar consists of the weekly retail sales data, as well as productivity and costs. All of these releases may well be overshadowed by broad market concerns.

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 comparisons. Most traders focus on the year-over-year number because it is a better indicator of the longer-term trend.

The last week-over-week change came in at -0.3 percent. The year-over-year data in the previous report showed a gain of 4 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be bearish.

Productivity and Costs will be released at 8:30 a.m. ET. The consensus forecast for productivity is -0.7 percent, among estimates ranging from a more bearish -1.5 percent, to a bullish 1 percent. Unit labor costs are expected to rise 1.9 percent. The range is from a more benign 0.9 percent to a potentially inflationary 3.5 percent.

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 number, which shows the broader trend best.

The last month-over-month reading was -0.5 percent. The previous report's year-over-year data showed a gain of 4.5 percent. Negative numbers in either series would be bearish.

[ask2lern]

MandyCNBC Amanda Drury
S&P 500 averages a 2.8% gain the day after a drop of 6% or more. Futures point to gains.
12 minutes ago Favorite Retweet Reply

[ask2lern]

carlquintanilla Carl Quintanilla
Today is the one-year anniv of Bernanke's first mention of #QE2.
47 minutes ago Favorite Retweet Reply

[Clinton SPX]

what a day yesterday, not only did we have a massive drop, but I had to spend the night w/o electricity thanks to a bad driver snapping the pole out front. This is like the fifth time this has happened in 3 years. Sheesh people learn to drive.

[brosin]

Silver is taking it on the chin today even with a weaker dollar

[Clinton SPX]

nasdaq up 0ver 2%

[ask2lern]

If QE3 is coming oil is a screaming buy at these levels IMO...................if no QE3 I still think it is a decent entry but would scale in............I am already very heavy in oil plays PBT, NS are my largest................good divys on both FWIW.............Just my opinion though......GLTA

[timber]

im not doing a thing just watching it again today......vix really has to come down for me to feel comfortable

[ask2lern]

Aug 9, 2011 8:24:24 GMT -5 brosin said:

Silver is taking it on the chin today even with a weaker dollar

I sold my ZSL in PM probably early but was up +12%................

[Clinton SPX]

railroads upgraded

doesnt sound like recession coming to me

[brosin]

Aug 9, 2011 8:27:20 GMT -5 ask2lern said:

If QE3 is coming oil is a screaming buy at these levels IMO...................if no QE3 I still think it is a decent entry but would scale in............I am already very heavy in oil plays PBT, NS are my largest................good divys on both FWIW.............Just my opinion though......GLTA

Have to agree with you here Ask. Oil does seem really cheap at least for a short term bounce

[Clinton SPX]

my SSN up 12% after yesterdays brutal beat down

[brosin]

Futures look to be dropping fast. I was getting ready for a 300+ up day!

Come on bulls hold on, you can do it

[timber]

there were 80 upgrades today

[Clinton SPX]

scottrader running sooooo slooooow today

[maxi]

Aug 9, 2011 8:55:29 GMT -5 brosin said:

Futures look to be dropping fast. I was getting ready for a 300+ up day!

Come on bulls hold on, you can do it

I think you will get more than this. TNA just busted thru it's hod

[Clinton SPX]

SSN +18% go baby

[brosin]

Aug 9, 2011 9:25:51 GMT -5 Clinton SPX said:

scottrader running sooooo slooooow today

The whole site is running slow (I don't use the platform but it takes forever to go from quote to quote even)

[Clinton SPX]

wow 22% love it

[brosin]

F* Yeah!!!

Having a blast today watching this.

[Clinton SPX]

SSN starting to look like a nasty short squeeze just blinked +25%

[Rich]

my first take would be blast off after Ben maybe continue into tomorrrow but but but

I agree with Bros

there should be a few more waves down

Hey, Sloop is solvent, hooray!

[brosin]

;D ;D

Oct 13, 2010 20:41:39 GMT -5 brosin said:

Sept 21, 2010 14:27:14 GMT -5 ask2lern said:

Uploaded with ImageShack.us

[brosin]

Could it be?

Is the market BTFDs???

[cosmic]

I just grabbed some more DRN - my average is now 48

[Rich]

small caps have had the greatest pct drop....hint hint

[brosin]

This looking like a great entry for those who were missing today's move IMO