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Post by ask2lern on Aug 10, 2011 6:09:03 GMT -5
Good Morning Gang Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1866.93 R2 1807.43 R1 1776.27
PP 1747.93
S1 1716.77 S2 1688.43 S3 1628.93
SILVER
R3 41.07 R2 39.42 R1 38.61
PP 37.77
S1 36.96 S2 36.12 S3 34.47
IWM
R3 79.33 R2 73.47 R1 71.47
PP 67.61
S1 65.61 S2 61.75 S3 55.89
TNA
R3 62.61 R2 52.37 R1 48.90
PP 42.13
S1 38.66 S2 31.89 S3 21.65
TZA
R3 91.83 R2 74.30 R1 62.76
PP 56.77
S1 45.23 S2 39.24 S3 21.71
SDS
R3 33.64 R2 29.97 R1 27.55
PP 26.30
S1 23.88 S2 22.63 S3 18.96
SSO
R3 49.65 R2 44.70 R1 43.04
PP 39.75
S1 38.09 S2 34.80 S3 29.85
…………………………..GLTA
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Post by ask2lern on Aug 10, 2011 6:13:56 GMT -5
From www.optionmonster.com ........................GLTA Broad latitude needed for index levelsYesterday's market action was another in a 10-day series of dramatic moves. This time, the bulls got to take control of the tape for at least a day and managed to repair much of the damage suffered Monday. So far the move has not broken above the highs of Monday, though the Nasdaq 100 has come closest. Until that happens, we won't have broken the incredibly steep downtrend of the last two weeks. At the time of this writing, futures are indicated down fractionally. It is a welcome sign that there is relatively little action so far. With any luck, we could be seeing a respite from the incredible whipsaws of the last several sessions. Those extreme moves are likely responsible for serious problems at some funds, which may also explain the severity of the recent declines. Asian markets have responded positively to the Federal Reserve's pledge to keep rates low for the next two years. But the moves are nothing like the ones seen in the U.S. markets yesterday, which spanned greater than 8 percent moves in the case of the Russell 2000 from trough to peak at end of day. If there is a fly in the ointment, it is the persistent surge into alternative currencies. Gold continues to get a bid, while the Swiss franc continues its climb in the Asian session--a hallmark of distress in the last two weeks. We must continue to allow for broad latitude in our look at levels. Markets are a long way from having settled into any range that will be helpful in navigating pricing. In general, Monday's highs are the big test of resistance. For support, I will offer a few levels for each index. If the wild action of the last several sessions returns today, then yesterday's lows will be the bigger support to watch. The Nasdaq 100 has resistance at 2162.78 and then 2173.42. If it can clear both of those objectives on the upside, it will be on its way toward making a turn higher. Support is at 2131.52, then at 2095.99. For the S&P 500, resistance is at 1198.48 and then at 1218.11. Clearing both of those hurdles would put the index back on an uptrend path. Support is at 1168.09, then at 1152 and 1120.23 thereafter. A break below the lowest of those levels would be quite bearish at this point. The ultimate low from yesterday's regular session was at 1101.54. The Russell 2000 has resistance at 705.15, then at 714.63. Clearing both levels on the upside would begin to put the index back on a more bullish footing. Support is at 679.96, then at 661.11. A breakdown below 661.11 would be quite bearish. The ultimate low from yesterday was at 639.85.
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Post by ask2lern on Aug 10, 2011 6:16:08 GMT -5
From www.optionmonster.com ..........................GLTA Calendar features housing, trade, oilToday's economic calendar is light, with housing, trade, and crude supplies data on tap. How much this information will matter in the current market context remains unknown. At 7 a.m. ET the weekly MBA Purchase Applications data will be released. There are no surveys of economists for this data and therefore no estimates. I look only at the purchases component of this mortgage report because it indicates new economic activity, as opposed to refinancing. Last week purchases came in at 185.8. A reading higher than that number by 5 percent or more would be bullish; a reading lower by that same margin or more would be bearish. Wholesale Trade comes out at 10 a.m. ET. The report has two components, inventory and sales. Consensus for inventories is that they have grown by 1 percent. At the low end of estimates, inventory growth is seen coming in at up 0.3 percent. At the upper end growth is seen at 1.5 percent. For sales, most economists project growth of just 0.3 percent. At the high end of estimates, bullish growth of 1 percent is forecast. At the low end, a bearish decline of -0.2 percent is seen. The worst outcome for the report would be a strong surge in inventories and a drop in sales, which would suggest an inventory glut. The ideal is for sales to remain positive and outpace inventory growth. It would be more moderately bearish for sales to grow, but at a slower rate than inventories. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute puts out a competing report based on its own supply data. The forecast for both reports was for a build of 1.5 million barrels. But the API release, which came out last night after the market closed, showed a draw of -5.213 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 -5.213 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 10, 2011 6:43:11 GMT -5
Hedgeye Hedgeye As we look at today’s set up for the S&P 500, the range is 117 points or -4.99% downside to 1114 and 4.99% upside to 1231. $SPY 6 minutes ago Favorite Retweet Reply
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Post by ask2lern on Aug 10, 2011 7:16:00 GMT -5
ukarlewitz ukarlewitz $nyse vol yesterday was 12th largest in its entire history. $NQ's was 7th largest ever 1 minute ago Favorite Retweet Reply
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Post by kryptos2009 on Aug 10, 2011 7:26:53 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=12.75 MP=13.10 R1=13.45 MP=13.63 R2=13.81 MP=14.34 R3=14.87 MP=15.40 R4=15.93 MP=12.57 S1=12.39 MP=12.04 S2=11.69 MP=11.16 S3=10.63 MP=10.10 S4=9.57 O=12.53 H=13.1 L=12.04 C=13.1 FAS PP=13.01 MP=15.16 R1=17.31 MP=18.40 R2=19.49 MP=22.73 R3=25.97 MP=29.21 R4=32.45 MP=11.92 S1=10.83 MP=8.68 S2=6.53 MP=3.29 S3=0.05 MP=-3.19 S4=-6.43 O=13.5 H=15.2 L=8.72 C=15.12 FAZ PP=67.90 MP=71.30 R1=74.70 MP=81.50 R2=88.30 MP=98.50 R3=108.70 MP=118.90 R4=129.10 MP=61.10 S1=54.30 MP=50.90 S2=47.50 MP=37.30 S3=27.10 MP=16.90 S4=6.70 O=72.38 H=81.5 L=61.1 C=61.1 SPY PP=115.13 MP=117.56 R1=119.99 MP=121.25 R2=122.50 MP=126.19 R3=129.87 MP=133.56 R4=137.24 MP=113.88 S1=112.62 MP=110.19 S2=107.76 MP=104.08 S3=100.39 MP=96.71 S4=93.02 O=114.07 H=117.64 L=110.27 C=117.48 SPG PP=107.43 MP=111.16 R1=114.88 MP=116.79 R2=118.69 MP=124.32 R3=129.95 MP=135.58 R4=141.21 MP=105.53 S1=103.62 MP=99.90 S2=96.17 MP=90.54 S3=84.91 MP=79.28 S4=73.65 O=101.22 H=111.23 L=99.97 C=111.08 GS PP=119.16 MP=122.94 R1=126.72 MP=128.72 R2=130.71 MP=136.49 R3=142.26 MP=148.04 R4=153.81 MP=117.17 S1=115.17 MP=111.39 S2=107.61 MP=101.84 S3=96.06 MP=90.29 S4=84.51 O=120.51 H=123.15 L=111.6 C=122.73 JPM PP=35.56 MP=36.50 R1=37.43 MP=37.95 R2=38.46 MP=39.91 R3=41.36 MP=42.81 R4=44.26 MP=35.05 S1=34.53 MP=33.60 S2=32.66 MP=31.21 S3=29.76 MP=28.31 S4=26.86 O=35.38 H=36.59 L=33.69 C=36.4 MS PP=17.70 MP=18.31 R1=18.91 MP=19.26 R2=19.60 MP=20.55 R3=21.50 MP=22.45 R4=23.40 MP=17.36 S1=17.01 MP=16.41 S2=15.80 MP=14.85 S3=13.90 MP=12.95 S4=12.00 O=17.65 H=18.4 L=16.5 C=18.21 C PP=31.07 MP=32.37 R1=33.66 MP=34.58 R2=35.49 MP=37.70 R3=39.91 MP=42.12 R4=44.33 MP=30.16 S1=29.24 MP=27.95 S2=26.65 MP=24.44 S3=22.23 MP=20.02 S4=17.81 O=29.43 H=32.91 L=28.49 C=31.82 VIX PP=38.97 MP=41.31 R1=43.65 MP=47.95 R2=52.25 MP=58.89 R3=65.53 MP=72.17 R4=78.81 MP=34.67 S1=30.37 MP=28.03 S2=25.69 MP=19.05 S3=12.41 MP=5.77 S4=-0.87 O=42.12 H=47.56 L=34.28 C=35.06 UUP PP=21.12 MP=21.17 R1=21.21 MP=21.28 R2=21.35 MP=21.47 R3=21.58 MP=21.70 R4=21.81 MP=21.05 S1=20.98 MP=20.94 S2=20.89 MP=20.78 S3=20.66 MP=20.55 S4=20.43 O=21.17 H=21.26 L=21.03 C=21.07 FROM: www.econoday.comEconomic Events & Analysis - 08/10/2011 Wednesday7:00 AM ET MBA Purchase Applications 9:00 AM ET Ceridian-UCLA PCI 10:00 AM ET Wholesale Trade 10:30 AM ET EIA Petroleum Status Report 1:00 PM ET 10-Yr Note Auction 2:00 PM ET Treasury Budget 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 kryptos2009 on Aug 10, 2011 7:27:32 GMT -5
Good Morning A2L, Thx for the start & Info !!!
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Post by elle on Aug 10, 2011 8:19:30 GMT -5
thanx, guys
after all this down and gold parabolic, Jim Cramer is saying sell stocks and buy gold?
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Post by Clinton SPX on Aug 10, 2011 8:23:55 GMT -5
oh what made the euro collapse like that?
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Post by elle on Aug 10, 2011 8:27:22 GMT -5
insiders buying at highest level since 2009?
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Post by elle on Aug 10, 2011 8:34:10 GMT -5
GLD at R line from last 3 days
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Post by elle on Aug 10, 2011 8:35:10 GMT -5
oops gld thru, 173.15 d/t
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Post by brosin on Aug 10, 2011 8:37:07 GMT -5
thanx, guys after all this down and gold parabolic, Jim Cramer is saying sell stocks and buy gold? lol that's pretty funny ;D thanks elle
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Post by Clinton SPX on Aug 10, 2011 8:38:51 GMT -5
and scottrader moving fast as an oil painting
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Post by brosin on Aug 10, 2011 8:40:10 GMT -5
can't find any FAZ shares so I bought a couple FAS shares $13.56
GLTA
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Post by elle on Aug 10, 2011 8:40:31 GMT -5
gld not confirm
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Post by timber on Aug 10, 2011 8:40:32 GMT -5
gold is getting scary.....i would buy the dip but not this move
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Post by elle on Aug 10, 2011 8:50:43 GMT -5
I'm just confused by his call, seems like only on a pullback would be safer.
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Post by elle on Aug 10, 2011 8:57:22 GMT -5
gld still not confirm b/o, but bull flag stays here
oops thru again
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Post by brosin on Aug 10, 2011 8:59:56 GMT -5
(paper world) added some GOLD shares short (3rd entry on it), avg $100.12 unrealized -1%
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Post by Clinton SPX on Aug 10, 2011 9:02:12 GMT -5
now this is bad, scottrade showing some of my stocks unchanged zero shares traded
someone over there needs to fix this website
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Post by ask2lern on Aug 10, 2011 9:07:25 GMT -5
Gold goes higher LT................. ;D
According to Reuters, emerging markets’ central banks have bought nearly 180 tonnes of gold, so far in 2011, more than double the roubhly 73 tonnes purchased by central banks globally in the whole of 2010.
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Post by elle on Aug 10, 2011 9:09:13 GMT -5
gld made another run at yesterday's hi and fail
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Post by abdogman on Aug 10, 2011 9:13:23 GMT -5
blackmarktblackmarkt
what the dollar giveth it taketh away AAPL dropping long bond flagging gold approaching all time hi's crude bear flagging = caution
1 minute agoFavoriteRetweetReply
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Post by ask2lern on Aug 10, 2011 9:13:37 GMT -5
I do think gold is lofty here but wount get in the way................ 2015 much higher............... ;D
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Post by Clinton SPX on Aug 10, 2011 9:16:55 GMT -5
Can I get a price check on TGC my shit aint working here
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Post by brosin on Aug 10, 2011 9:17:44 GMT -5
CLF now up $2 from its low.. I'm thinking the market's going to squeeze the shorts who are inevitably piling in too late today again
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Post by elle on Aug 10, 2011 9:17:55 GMT -5
just for fun, we hold higher lo, we have ih&s
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Post by brosin on Aug 10, 2011 9:18:33 GMT -5
Can I get a price check on TGC my shit aint working here Seeing .70 / no change on 41K shares traded so far
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Post by Clinton SPX on Aug 10, 2011 9:20:26 GMT -5
thx
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