PPDT - 08/24/2011 Wednesday - PP-XLF = 12.18

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.18
MP=12.37 R1=12.56 MP=12.65 R2=12.74 MP=13.02 R3=13.30 MP=13.58 R4=13.86
MP=12.09 S1=12.00 MP=11.81 S2=11.62 MP=11.34 S3=11.06 MP=10.78 S4=10.50
O=11.99 H=12.37 L=11.81 C=12.37

FAS PP=12.20
MP=12.70 R1=13.19 MP=13.45 R2=13.71 MP=14.46 R3=15.22 MP=15.97 R4=16.73
MP=11.94 S1=11.68 MP=11.19 S2=10.69 MP=9.93 S3=9.18 MP=8.42 S4=7.67
O=11.72 H=12.71 L=11.2 C=12.68

FAZ PP=67.80
MP=69.42 R1=71.04 MP=74.08 R2=77.12 MP=81.78 R3=86.44 MP=91.10 R4=95.76
MP=64.76 S1=61.72 MP=60.10 S2=58.48 MP=53.82 S3=49.16 MP=44.50 S4=39.84
O=70.58 H=73.87 L=64.55 C=64.97

SPY PP=115.20
MP=116.51 R1=117.81 MP=118.50 R2=119.19 MP=121.18 R3=123.18 MP=125.17 R4=127.17
MP=114.51 S1=113.82 MP=112.52 S2=111.21 MP=109.21 S3=107.22 MP=105.22 S4=103.23
O=113.15 H=116.57 L=112.58 C=116.44

SPG PP=112.45
MP=113.68 R1=114.91 MP=115.53 R2=116.15 MP=118.00 R3=119.85 MP=121.70 R4=123.55
MP=111.83 S1=111.21 MP=109.98 S2=108.75 MP=106.90 S3=105.05 MP=103.20 S4=101.35
O=110.6 H=113.7 L=110 C=113.66

GS PP=106.27
MP=107.83 R1=109.39 MP=110.65 R2=111.91 MP=114.73 R3=117.55 MP=120.37 R4=123.19
MP=105.01 S1=103.75 MP=102.19 S2=100.63 MP=97.81 S3=94.99 MP=92.17 S4=89.35
O=106.02 H=108.8 L=103.16 C=106.86

JPM PP=33.96
MP=34.79 R1=35.62 MP=36.04 R2=36.45 MP=37.70 R3=38.94 MP=40.19 R4=41.43
MP=33.55 S1=33.13 MP=32.30 S2=31.47 MP=30.23 S3=28.98 MP=27.74 S4=26.49
O=33.29 H=34.8 L=32.31 C=34.78

MS PP=15.66
MP=15.89 R1=16.12 MP=16.30 R2=16.47 MP=16.88 R3=17.28 MP=17.69 R4=18.09
MP=15.49 S1=15.31 MP=15.08 S2=14.85 MP=14.45 S3=14.04 MP=13.64 S4=13.23
O=15.75 H=16.02 L=15.21 C=15.76

C PP=26.69
MP=27.33 R1=27.97 MP=28.30 R2=28.63 MP=29.60 R3=30.57 MP=31.54 R4=32.51
MP=26.36 S1=26.03 MP=25.39 S2=24.75 MP=23.78 S3=22.81 MP=21.84 S4=20.87
O=26.13 H=27.34 L=25.4 C=27.32

VIX PP=38.14
MP=39.30 R1=40.46 MP=42.55 R2=44.64 MP=47.89 R3=51.14 MP=54.39 R4=57.64
MP=36.05 S1=33.96 MP=32.80 S2=31.64 MP=28.39 S3=25.14 MP=21.89 S4=18.64
O=41.89 H=42.33 L=35.83 C=36.27

UUP PP=20.99
MP=21.01 R1=21.02 MP=21.04 R2=21.06 MP=21.10 R3=21.13 MP=21.17 R4=21.20
MP=20.97 S1=20.95 MP=20.94 S2=20.92 MP=20.89 S3=20.85 MP=20.82 S4=20.78
O=20.98 H=21.03 L=20.96 C=20.98

FROM: www.econoday.com

Economic Events & Analysis - 08/24/2011 Wednesday


7:00 AM ET MBA Purchase Applications
8:30 AM ET Durable Goods Orders
10:00 AM ET FHFA House Price Index
10:30 AM ET EIA Petroleum Status Report
1:00 PM ET 5-Yr Note 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.

[ask2lern]

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


GOLD


R3 1979.73
R2 1913.63
R1 1872.37

PP 1847.53

S1 1806.27
S2 1781.43
S3 1715.33


SILVER

R3 46.48
R2 44.39
R1 43.19

PP 42.30

S1 41.10
S2 40.66
S3 38.12


IWM

R3 74.00
R2 70.56
R1 69.37

PP 67.12

S1 65.93
S2 63.68
S3 60.24




TNA

R3 50.56
R2 44.91
R1 42.95

PP 39.26

S1 37.30
S2 33.61
S3 27.96



TZA

R3 71.27
R2 62.09
R1 56.10

PP 52.91

S1 46.92
S2 43.73
S3 34.55


SDS

R3 29.33
R2 27.45
R1 26.20

PP 25.57

S1 24.32
S2 23.69
S3 21.81


SSO

R3 44.71
R2 42.06
R1 41.17

PP 39.41

S1 38.52
S2 36.76
S3 34.11

…………………………..GLTA

[ask2lern]

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

Wide swings continue for indexes

The indexes experienced another large range day on Tuesday, though this time the bias was to the upside. Most stocks were strong despite a rocky start in the financial sector. Even those eventually found their footing, which boosted the indexes even more. The average gain was nearly 4 percent. In each case the indexes reached their respective 10-day moving averages, and stopped short of a breakthrough.

Bulls will see this as the start of a potential longer-term reversal to the upside, with double-bottom patterns on each of the indexes. For the bears, the failure to break through the 10-day moving averages in a significant way will be seen as a return to resistance that can now potentially be sold.
Both the Nasdaq 100 and the S&P 500 broke out above the outer band of resistance that I had suggested could be the maximum for the day today.

As a result, each gets fresh resistance levels, with prior upper range becoming support. The Russell 2000 came close to hitting resistance but fell short of doing so.

Stocks continue to make big swings, so we must still give the indexes plenty of latitude. Therefore, I am leaving more levels in place than would normally be the case.

For the Nasdaq 100, support is at 2118.61. If that support level is broken, 2091.91 would be next, and then 2060.29. On the upside, resistance is at 2142.31, and then at 2162.78, and 2195.25.

The S&P 500 has support at 1157.16, 1131.87, and then at 1124.36. Resistance is at 1186.29, and then at 1204.49.

For the Russell 2000 support is at 672.57, 666.85, and then at 654.43. Resistance is at 690.46, 704.50, and then at 718.63.

[ask2lern]

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

Oil, durable goods data on the agenda

Today's economic calendar features the weekly mortgage data from MBA, durable goods, home prices, and the weekly oil report. Thursday has just one report scheduled, jobless claims, before the bell. Friday features GDP and consumer sentiment, both of which will be key reports.

Weekly MBA Purchase Applications will be released at 7am ET. There are no forecasts made for this report. I only look at the purchases component of the report as it is indicative of fresh economic activity. In the prior week, purchases came in at 167.5. A reading higher than 167.5 by 5 percent or more would be bullish. If purchases miss that level by 5 percent or worse, , it would be bearish.

Durable Goods data comes out at 8:30am ET. Consensus calls for a rise of 2 percent from the previous month. The range of forecasts is from a bearish drop of -0.5 percent, to a very bullish gain of 7.5 percent.

The FHFA House Price Index is die at 10am ET. Consensus calls for a gain of 0.2 percent from the previous month. The range is from zero, which would be bearish, to a more bullish gain of 0.3 percent.
The EIA Petroleum Status Report will be released at 10:30am ET.

Before the EIA data, 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 0.8 million barrels.

But the API release, which came out last night after the market closed, showed a draw of -3.342 million barrels instead.

If the EIA data confirms this draw or shows an even larger one, it would be bullish for crude. If instead the draw number is smaller than the API's -3.342 million barrels, or is a positive number indicating a build, it could be bearish.

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.

[ask2lern]

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 57 points or -4.68% downside to 1108 and 0.23% upside to 1165. $SPY
23 minutes ago Favorite Retweet Reply

[ask2lern]

CNBC CNBC
US Mortgage Purchase Applications at 15-Year Low - 30 yr mortgage fell to 4.39% - bit.ly/pDB9Cx
3 minutes ago Favorite Retweet Reply

[Clinton SPX]

Durable Goods Jump Much More than Expected, Up 4.0% in July, Analysts Expected 2.0% Increase (story developing)

[Clinton SPX]

wow look at ES and oil spike

[Clinton SPX]

Motor vehicle orders jumped 11.5 percent, the largest increase since January 2003, after edging up 0.1 percent the previous month, indicating a fading of the supply chain disruptions from Japan.

[Clinton SPX]

thats funny because 2 peeps in my complex got new cars last month

[Clinton SPX]

shanghai -.5%
EU green

[Clinton SPX]

oil just went green

[Clinton SPX]

grabbing a scalp here

[Clinton SPX]

2nd scalp

[Clinton SPX]

shouldnt be too much longer till everyone piles into Bidu aapl and amzn

[brosin]

don't forget RIMM clint! ;D

[timber]

they are talking about rimm right now.....

[brosin]

Aug 24, 2011 12:08:11 GMT -5 timber said:

they are talking about rimm right now.....

who is they?

i'd rather they don't talk about it LOL - the more unloved it is, the more I like it! ;D

[timber]

then you must want to marry the financials

[jack]

Aug 24, 2011 12:21:36 GMT -5 brosin said:

Aug 24, 2011 12:08:11 GMT -5 timber said:

they are talking about rimm right now.....

who is they?

i'd rather they don't talk about it LOL - the more unloved it is, the more I like it! ;D

That'd be a mistake.

The iPhone and Android have entire ecosystems of apps for them; BBs have squat and its unlikely their next smart phone will be able to catch up.

[brosin]

Aug 24, 2011 12:23:24 GMT -5 timber said:

then you must want to marry the financials

Yes exactly. I'm still heavily short FAZ which has worked out nicely (avg just below $74)..

[brosin]

Aug 24, 2011 12:25:42 GMT -5 jack said:

Aug 24, 2011 12:21:36 GMT -5 brosin said:

who is they?

i'd rather they don't talk about it LOL - the more unloved it is, the more I like it! ;D

That'd be a mistake.

The iPhone and Android have entire ecosystems of apps for them; BBs have squat and its unlikely their next smart phone will be able to catch up.

Agreed but that's pretty meaningless to me. Company is still growing at a good rate and the stock is trading under 5x earnings... I'll be holding my position for years.

Motorola got bought by GOOG at approx 60x earnings. In other words, if GOOG would have tried to buy RIMM, they would've had to pay $330/share for it.

Yep.....

[jack]

Aug 24, 2011 12:28:57 GMT -5 brosin said:

Aug 24, 2011 12:25:42 GMT -5 jack said:

That'd be a mistake.

The iPhone and Android have entire ecosystems of apps for them; BBs have squat and its unlikely their next smart phone will be able to catch up.

Agreed but that's pretty meaningless to me. Company is still growing at a good rate and the stock is trading under 5x earnings... I'll be holding my position for years.

Motorola got bought by GOOG at approx 60x earnings. In other words, if GOOG would have tried to buy RIMM, they would've had to pay $330/share for it.

Yep.....

ThHere would be absoluely no strategic advantage for GOOG to buy RIM; the only reason they bought MOT is because they now own a bazillion patents which is HUGE.

[brosin]

I'm not saying GOOG would buy RIMM - I'm saying that's the valuation that any big tech company would receive in a buyout. To think RIMM is fairly valued at 5x earnings is crazy and the market has it way wrong. Time will tell

[elle]

have a buy in for move up 3:15/:30 or so on two indicators, unfortunately not the 3rd, so a 2/3 chance?

[elle]

silly me, didn't even know most of mkt was up, just watching vxx charts and its been flat

:/

[Clinton SPX]

crank the music, time for break out

[timber]

TLT AND GOLD GETTING CRUSHED....kill the fazzers

[Clinton SPX]

scalp sell target hit +1.3%

[timber]

i did great today i bought fas in my fidelity account because i have both fas and faz short in my trading account