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Post by ask2lern on Aug 17, 2011 5:55:02 GMT -5
Good Morning Gang
Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1830.53
R2 1805.23
R1 1796.67
PP 1779.93
S1 1771.37
S2 1754.63
S3 1729.33
SILVER
R3 41.74
R2 40.80
R1 40.41
PP 39.86
S1 39.47
S2 38.92
S3 37.98
IWM
R3 74.00
R2 72.25
R1 71.35
PP 70.50
S1 69.60
S2 68.75
S3 67.00
TNA
R3 51.81
R2 48.38
R1 46.69
PP 44.95
S1 43.26
S2 41.52
S3 38.09
TZA
R3 53.39
R2 49.83
R1 47.97
PP 46.27
S1 44.41
S2 42.71
S3 39.15
SDS
R3 25.78
R2 24.86
R1 24.38
PP 23.94
S1 23.46
S2 23.02
S3 22.10
SSO
R3 46.02
R2 44.30
R1 43.46
PP 42.58
S1 41.74
S2 40.86
S3 39.14
…………………………..GLTA
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Post by ask2lern on Aug 17, 2011 5:58:30 GMT -5
From www.optionmonster.com ...........................GLTA Indexes break support but bounce off lowsThe indexes broke support on an intraday basis yesterday but managed to finish off the lows of the session. In some respects that behavior was to be expected as bulls defend the 10-day moving averages in the Nasdaq 100 and the S&P 500. Traders should note that the 10-day averages are dropping rapidly now as the last two weeks of prices become part of the calculation, incorporating the worst of recent down days. Today the bulls face two potentially significant challenges. The first will be the reaction in Asia and Europe to the proposals from German Chancellor Merkel and French President Sarkozy for tackling the Eurozone's debt crisis. Their joint comments were released after European markets closed. Although they mentioned long-range and rather vague entreaties for cooperation among Eurozone nations, the major concrete step is a proposed financial transaction tax that could become law as soon as the fall of this year. That tax could apply to all financial transactions, including trading. The NYSE Euronext fell more than 8 percent on the news, and banking stocks were extremely weak throughout the session. The second obstacle comes in the form of less-than-favorable guidance from Analog Devices and Dell after yesterday's close. Bulls had been pushing both stocks higher into their earnings reports, and each was down in after-hours trading. In terms of levels, there are adjustments to the 10-day moving averages for the Nasdaq 100 and the S&P 500. The Russell 2000 broke support and gets a new support level as a result. It was the technically weakest of the group today, though the breach of support was relatively minor. Nasdaq 100 (NDX)First support is at 2176.60, its 10-day moving average. First resistance is at 2234.94. For the PowerShares QQQ (QQQ) first support is at $53.42, its 10-day moving average. First resistance is at $55.32. S&P 500 (SPX)First support is at 1182.12, its 10-day moving average. First resistance is at 1219.50. For the SPDR S&P 500 (SPY) first support is at $118.42, its 10-day moving average. First resistance is at $122.41. Russell 2000 (RUT)First support is at 697.48. First resistance is at 736.52. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $69.75. First resistance is at $73.75. |
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Post by ask2lern on Aug 17, 2011 6:00:39 GMT -5
From www.optionmonster.com .........................GLTA Producer Price Index leads light calendarToday's economic calendar is light, but producer prices will likely be the key report of the morning. The weekly MBA Purchase Applications data will be reported at 7 a.m. ET. There are no forecasts made for this mortgage report, and I only look at the purchases component because it indicates fresh economic activity as opposed to refinancing. Last week purchases came in at 184.2. A number higher than that by 5 percent or more would be bullish, while a number that is lower by the same margin would be bearish. The Producer Price Index comes out at 8:30 a.m. ET. There are two components to the report: One calculation, often called the "headline" number, includes food and energy. The other does not. Including food and energy, the consensus is for a small rise of 0.1 percent. Estimates range from a disinflationary -1 percent to a more inflationary 0.6 percent. Excluding food and energy, the PPI is expected to come in at 0.2 percent. The range is from 0.1 percent to 0.3 percent. The latter would likely be seen as bearish because it would reflect core inflationary pressure. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute releases a competing report based on its own supply data. The forecast for both reports was for a draw of -0.8 million barrels. But the API release, which came out last night after the market closed, showed a build of 1.745 million barrels instead. If the EIA data confirms this build or shows an even larger one, it could be bearish for crude. If instead the build number is smaller than the API's 1.745 million barrels, or is a negative number indicating a draw, it could be bullish for oil. 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 timber on Aug 17, 2011 6:06:32 GMT -5
45 days past since the bond market rallied....2008 we had a 45 day rally then too
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Post by kryptos2009 on Aug 17, 2011 7:38:15 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=12.97 MP=13.04 R1=13.11 MP=13.21 R2=13.30 MP=13.46 R3=13.63 MP=13.79 R4=13.96 MP=12.88 S1=12.78 MP=12.71 S2=12.64 MP=12.47 S3=12.31 MP=12.14 S4=11.98 O=12.99 H=13.15 L=12.82 C=12.93 FAS PP=14.72 MP=14.96 R1=15.20 MP=15.47 R2=15.74 MP=16.25 R3=16.76 MP=17.27 R4=17.78 MP=14.45 S1=14.18 MP=13.94 S2=13.70 MP=13.19 S3=12.68 MP=12.17 S4=11.66 O=14.68 H=15.27 L=14.25 C=14.65 FAZ PP=57.80 MP=58.78 R1=59.75 MP=60.62 R2=61.49 MP=63.34 R3=65.18 MP=67.03 R4=68.87 MP=56.93 S1=56.06 MP=55.09 S2=54.11 MP=52.27 S3=50.42 MP=48.58 S4=46.73 O=58 H=59.55 L=55.86 C=58 SPY PP=119.53 MP=120.14 R1=120.75 MP=121.33 R2=121.91 MP=123.10 R3=124.29 MP=125.48 R4=126.67 MP=118.95 S1=118.37 MP=117.76 S2=117.15 MP=115.96 S3=114.77 MP=113.58 S4=112.39 O=119.47 H=120.69 L=118.31 C=119.59 SPG PP=116.06 MP=117.53 R1=119.00 MP=119.87 R2=120.74 MP=123.08 R3=125.42 MP=127.76 R4=130.10 MP=115.19 S1=114.32 MP=112.85 S2=111.38 MP=109.04 S3=106.70 MP=104.36 S4=102.02 O=114.02 H=117.81 L=113.13 C=117.25 GS PP=117.38 MP=118.33 R1=119.27 MP=120.47 R2=121.66 MP=123.80 R3=125.94 MP=128.08 R4=130.22 MP=116.19 S1=114.99 MP=114.05 S2=113.10 MP=110.96 S3=108.82 MP=106.68 S4=104.54 O=117.6 H=119.78 L=115.5 C=116.87 JPM PP=36.12 MP=36.30 R1=36.48 MP=36.70 R2=36.92 MP=37.32 R3=37.72 MP=38.12 R4=38.52 MP=35.90 S1=35.68 MP=35.50 S2=35.32 MP=34.92 S3=34.52 MP=34.12 S4=33.72 O=36.27 H=36.57 L=35.77 C=36.03 MS PP=17.29 MP=17.47 R1=17.64 MP=17.93 R2=18.21 MP=18.67 R3=19.13 MP=19.59 R4=20.05 MP=17.01 S1=16.72 MP=16.55 S2=16.37 MP=15.91 S3=15.45 MP=14.99 S4=14.53 O=17.76 H=17.86 L=16.94 C=17.07 C PP=30.00 MP=30.33 R1=30.65 MP=31.00 R2=31.35 MP=32.03 R3=32.70 MP=33.38 R4=34.05 MP=29.65 S1=29.30 MP=28.98 S2=28.65 MP=27.98 S3=27.30 MP=26.63 S4=25.95 O=30.64 H=30.71 L=29.36 C=29.94 VIX PP=33.01 MP=33.67 R1=34.33 MP=35.08 R2=35.82 MP=37.22 R3=38.63 MP=40.03 R4=41.44 MP=32.27 S1=31.52 MP=30.86 S2=30.20 MP=28.79 S3=27.39 MP=25.98 S4=24.58 O=33.36 H=34.49 L=31.68 C=32.85 UUP PP=21.01 MP=21.04 R1=21.06 MP=21.08 R2=21.10 MP=21.15 R3=21.19 MP=21.24 R4=21.28 MP=20.99 S1=20.97 MP=20.95 S2=20.92 MP=20.88 S3=20.83 MP=20.79 S4=20.74 O=21.04 H=21.06 L=20.97 C=21.01 FROM: www.econoday.comEconomic Events & Analysis - 08/17/2011 Wednesday7:00 AM ET MBA Purchase Applications 8:30 AM ET Producer Price Index 10:30 AM ET EIA Petroleum Status Report 1:20 PM ET Richard Fisher Speaks 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 17, 2011 7:41:26 GMT -5
Good Morning Gang!
I will not be around for most of the day today.
We had a death in the family, funeral is today.
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Post by Clinton SPX on Aug 17, 2011 8:09:19 GMT -5
wow oil is on the move
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Post by Clinton SPX on Aug 17, 2011 8:12:51 GMT -5
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Post by Clinton SPX on Aug 17, 2011 8:14:11 GMT -5
U.S. gasoline stockpiles shrank 5.37 million barrels to 205.8 million last week, the biggest decline since the week ended March 18, according to the API. Supplies are about 1.4 percent below their five-year average, API data shows. Demand for the fuel peaks between the Memorial Day holiday in May and Labor Day in early September.
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Post by Clinton SPX on Aug 17, 2011 8:15:21 GMT -5
just cuz we got down graded no one stopped driving
imagine that !! <sarc>
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Post by Clinton SPX on Aug 17, 2011 8:55:02 GMT -5
took profits on yesterdays scalp
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Post by timber on Aug 17, 2011 8:57:44 GMT -5
go go go  |
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Post by Clinton SPX on Aug 17, 2011 9:16:09 GMT -5
fins waking up
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Post by Clinton SPX on Aug 17, 2011 9:16:46 GMT -5
must be cramer telling everyone to sell  |
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Post by Clinton SPX on Aug 17, 2011 10:01:48 GMT -5
took profits on yesterdays scalp putting in low ball limit buy to buy back |
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Post by Clinton SPX on Aug 17, 2011 10:35:30 GMT -5
BBL
GL Traders
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Post by Clinton SPX on Aug 17, 2011 11:10:28 GMT -5
bought back yesterdays scalp .15 lower than yesterdays entry
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Post by Clinton SPX on Aug 17, 2011 11:14:35 GMT -5
I think we pivot soon Attachments:
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Post by Rich on Aug 17, 2011 11:16:43 GMT -5
see if we bounce again on the bull trendline. Still at 1182
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Post by Clinton SPX on Aug 17, 2011 11:18:03 GMT -5
1182? thats too far down
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Post by Rich on Aug 17, 2011 11:18:54 GMT -5
not to beat a dead horse, but the djt has been well below the bull trendline since the initial drop
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Post by Clinton SPX on Aug 17, 2011 11:22:34 GMT -5
No, im glad you watch the transports cuz I dont. I watch spy and oil
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Post by Rich on Aug 17, 2011 11:24:54 GMT -5
maybe, but that's what I'm watching. It's held solidly for 3 days, yesterday's bounce confirms it's continued existence. |
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Post by crumbdon on Aug 17, 2011 11:25:03 GMT -5
 Correct me if I'm wrong, but isn't that currently the 10dma? It actually seems a good spot for reasonably solid support, IMHO.
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Post by crumbdon on Aug 17, 2011 11:26:48 GMT -5
see if we bounce again on the bull trendline. Still at 1182 Sounds right, Rich. I'll be out of my trades, though, waiting to see if it holds again. One whiff of bad news sends it down 1150 IMHO. |
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Post by Rich on Aug 17, 2011 11:26:54 GMT -5
No, im glad you watch the transports cuz I dont. I watch spy and oil the djt and the rut were fantastic indicators as to the huge drop. oil, not so much |
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Post by Rich on Aug 17, 2011 11:38:13 GMT -5
Kass says the selling is overdone, bought the xlf at 13 (twitter)
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Post by Clinton SPX on Aug 17, 2011 11:50:45 GMT -5
my scalp up .09 already
.22=1%
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Post by Rich on Aug 17, 2011 11:58:20 GMT -5
3 days distinctly above, still bares watching. And if I have learned anything in almost 3 years.... we will revisit that trend line, perhaps break thru with a head fake? You know it will be used.  Uploaded with ImageShack.us |
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Post by Rich on Aug 17, 2011 12:08:40 GMT -5
hey there's the president, in the midwest, in campaign mode
good grief(tm) Kess the magnificent
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