PPDT - 08/29/2011 Monday - PP-XLF = 12.65

[ask2lern]

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


GOLD


R3 1943.63
R2 1875.83
R1 1852.97

PP 1808.03

S1 1785.17
S2 1740.23
S3 1672.43


SILVER

R3 44.38
R2 42.74
R1 42.17

PP 41.10

S1 40.53
S2 39.46
S3 37.82


IWM

R3 74.68
R2 71.42
R1 70.27

PP 68.16

S1 67.01
S2 64.90
S3 61.64




TNA

R3 52.26
R2 46.55
R1 44.51

PP 40.84

S1 38.80
S2 35.13
S3 29.42



TZA

R3 64.55
R2 57.14
R1 52.36

PP 49.73

S1 44.95
S2 42.32
S3 34.91


SDS

R3 28.82
R2 26.81
R1 25.54

PP 24.80

S1 23.53
S2 22.79
S3 20.78


SSO

R3 46.87
R2 43.66
R1 42.47

PP 40.45

S1 39.26
S2 37.24
S3 34.03

…………………………..GLTA

[ask2lern]

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

Calendar shifts to the consumer

There are two reports on the calendar which will cover consumer earnings and spending, as well as home sales.

Today's economic reports focus on earnings, spending and home sales.

The Commerce Department will release personal income and outlays at 8:30am ET. Incomes are forecast to grow by 0.3 percent, with estimates ranging from virtually flat on the bearish side to a bullish gain of 0.8 percent.

Spending growth is expected to outpace income at 0.5 percent, a potential warning sign of inflation. At the low end of the range, economists forecast an increase of 0.2 percent, which could be a good number as long if income keeps pace or exceeds spending. The upper end of the range is 0.7 percent, which could be potentially bearish if the income gain is anemic.

Pending Home Sales are scheduled for 10am ET, and a bearish decline of 1.3 percent is expected. The low end of the range is a drop of -5 percent, which would be even more negative. The upper end of the forecast range calls for growth of 2.5 percent, which would be bullish.

Pending Home Sales will be released at 10 a.m. ET. The expectation is for a drop in sales from the prior month of -1.3 percent, which would be bearish. The low end of the forecast range at a drop of -5 percent would be more bearish still. The upper end of the forecast range calls for growth of 2.5 percent, which would be bullish.

[ask2lern]

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 37 points or -1.94% downside to 1154 and 1.21% upside to 1191. $SPY
47 minutes ago Favorite Retweet Reply

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.65
MP=12.83 R1=13.00 MP=13.11 R2=13.22 MP=13.51 R3=13.79 MP=14.08 R4=14.36
MP=12.54 S1=12.43 MP=12.26 S2=12.08 MP=11.80 S3=11.51 MP=11.23 S4=10.94
O=12.53 H=12.88 L=12.31 C=12.77

FAS PP=13.35
MP=13.87 R1=14.39 MP=14.71 R2=15.03 MP=15.87 R3=16.71 MP=17.55 R4=18.39
MP=13.03 S1=12.71 MP=12.19 S2=11.67 MP=10.83 S3=9.99 MP=9.15 S4=8.31
O=12.9 H=14 L=12.32 C=13.74

FAZ PP=60.98
MP=62.47 R1=63.95 MP=66.35 R2=68.75 MP=72.63 R3=76.52 MP=80.40 R4=84.29
MP=58.58 S1=56.18 MP=54.70 S2=53.21 MP=49.32 S3=45.44 MP=41.55 S4=37.67
O=63.02 H=65.77 L=58 C=59.16

SPY PP=116.78
MP=118.24 R1=119.70 MP=120.57 R2=121.44 MP=123.77 R3=126.10 MP=128.43 R4=130.76
MP=115.91 S1=115.04 MP=113.58 S2=112.12 MP=109.79 S3=107.46 MP=105.13 S4=102.80
O=115.69 H=118.51 L=113.85 C=117.97

SPG PP=113.51
MP=115.28 R1=117.04 MP=117.98 R2=118.92 MP=121.63 R3=124.33 MP=127.04 R4=129.74
MP=112.57 S1=111.63 MP=109.87 S2=108.10 MP=105.40 S3=102.69 MP=99.99 S4=97.28
O=112.79 H=115.39 L=109.98 C=115.16

GS PP=110.68
MP=112.17 R1=113.65 MP=114.60 R2=115.54 MP=117.97 R3=120.40 MP=122.83 R4=125.26
MP=109.74 S1=108.79 MP=107.31 S2=105.82 MP=103.39 S3=100.96 MP=98.53 S4=96.10
O=108.63 H=112.58 L=107.72 C=111.75

JPM PP=35.84
MP=36.35 R1=36.85 MP=37.18 R2=37.50 MP=38.33 R3=39.16 MP=39.99 R4=40.82
MP=35.52 S1=35.19 MP=34.69 S2=34.18 MP=33.35 S3=32.52 MP=31.69 S4=30.86
O=35.28 H=36.48 L=34.82 C=36.21

MS PP=16.50
MP=16.76 R1=17.01 MP=17.21 R2=17.40 MP=17.85 R3=18.30 MP=18.75 R4=19.20
MP=16.31 S1=16.11 MP=15.86 S2=15.60 MP=15.15 S3=14.70 MP=14.25 S4=13.80
O=16.59 H=16.9 L=16 C=16.61

C PP=29.71
MP=30.05 R1=30.38 MP=30.65 R2=30.91 MP=31.51 R3=32.11 MP=32.71 R4=33.31
MP=29.45 S1=29.18 MP=28.85 S2=28.51 MP=27.91 S3=27.31 MP=26.71 S4=26.11
O=29.5 H=30.25 L=29.05 C=29.84

VIX PP=37.92
MP=39.72 R1=41.51 MP=44.47 R2=47.43 MP=52.19 R3=56.94 MP=61.70 R4=66.45
MP=34.96 S1=32.00 MP=30.21 S2=28.41 MP=23.66 S3=18.90 MP=14.15 S4=9.39
O=41.18 H=43.84 L=34.33 C=35.59

UUP PP=21.02
MP=21.06 R1=21.10 MP=21.17 R2=21.24 MP=21.35 R3=21.46 MP=21.57 R4=21.68
MP=20.95 S1=20.88 MP=20.84 S2=20.80 MP=20.69 S3=20.58 MP=20.47 S4=20.36
O=21.03 H=21.16 L=20.94 C=20.96

FROM: www.econoday.com

Economic Events & Analysis - 08/29/2011 Monday


8:30 AM ET Personal Income and Outlays
10:00 AM ET Pending Home Sales Index
10:30 AM ET Dallas Fed Mfg Survey
11:00 AM ET 4-Week Bill Announcement
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month 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.

[kryptos2009]

Good Morning A2L, Thx for the start today and the info!!!

[elle]

hey y'all

[elle]

sold over 1/2 long until P.Bo speaks, sell ind around then, but wondering if the P.Bo rallies will come back

[crumbdon]

So far, this is just a "relief rally", i.e.- relief that Irene wasn't worse. Hope and relief usually run out of steam more quickly than substance. And the housing #'s weren't exactly substance, although they were as expected.
Hmmmm....skeptical and on the sidelines for now.

GL all!

[ask2lern]

I am not trading today but so far the buy programs have been running non stop.................looks like everythings gonna be alright.................

[ask2lern]

Best quote I saw over the weekend:

"Its only a bubble when you dont have a position"

[Clinton SPX]

Ya baby got electric at work

[crumbdon]

;D Someone's protecting BAC today. Everytime SPY acts like it wants to drop a little, BAC gets bumped up a penny to keep it floating. I want so badly to do a FAZ scalp here, but we're stuck in no man's land until we break decisively one way or the other.

Why, oh why am I so impatient?!

[Clinton SPX]

I see my pre programmed tech scalps hit their sell targets this morning

[Clinton SPX]

My dog SNSS starting to move today

[Clinton SPX]

My neighbor manages a CVS
she says registers are up 600% because of Irene

[elle]

well, P.Bo is neutral now, I guess - waiting for 11:45, if we get some sell, prob buy

[elle]

didn't get the sell, so just letting it ride, next sig 1:00, so I'll see you then

[elle]

just noticed iwm took out hod

[Clinton SPX]

XAL on fire

[elle]

still the upward creep? see ya in another hour

[Clinton SPX]

Sell target hit on 2 more scalps about 15 min
weeeeeeeeeeeeeeeeeeeeeee

[elle]

whaddya think, Clint, iwm new hod - should we buy the close?

[elle]

iwm/spy making another attempt, but it is not making for a good bull flag

[dino]

1208 bear flag resistance on the daily...

[Clinton SPX]

Aug 29, 2011 13:15:13 GMT -5 elle said:

whaddya think, Clint, iwm new hod - should we buy the close?

Buy at the close? Hell no.

buy when they reset the stochs tomorrow maybe.

[elle]

not by at buy into, I think SPY 121.20 from 15th

[Clinton SPX]

I agree with Maxi. no buys on up days like this unless its a scalp off the 10m stoch when it dips below 20

[Clinton SPX]

Al;l I can tell you is what Ive been doing. I sold three times into power today. I now have plenty of cash to buy the 10M stoch when it dips hopefully to 10 or less tomorrow.

[timber]

look at my darling opk

[elle]

can't wait til 1, uh 4, off for a nap, couldn't sleep at all lasst night

$$flos into every short on planet, but longs not selling, so there you go'

GL rest of day, all