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Post by ask2lern on Aug 31, 2011 6:08:08 GMT -5
Good Morning Gang
Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1885.00
R2 1857.70
R1 1846.90
PP 1830.40
S1 1819.60
S2 1803.10
S3 1775.80
SILVER
R3 43.41
R2 42.35
R1 41.90
PP 41.29
S1 40.84
S2 40.23
S3 39.17
IWM
R3 76.70
R2 74.55
R1 73.67
PP 72.40
S1 71.52
S2 70.25
S3 68.10
TNA
R3 56.04
R2 51.60
R1 50.07
PP 47.16
S1 45.63
S2 42.72
S3 38.28
TZA
R3 47.91
R2 44.32
R1 42.21
PP 40.73
S1 38.62
S2 37.14
S3 33.55
SDS
R3 24.80
R2 23.85
R1 23.32
PP 22.90
S1 22.37
S2 21.95
S3 21.00
SSO
R3 47.23
R2 45.43
R1 44.63
PP 43.63
S1 42.83
S2 41.83
S3 40.03
…………………………..GLTA
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Post by ask2lern on Aug 31, 2011 6:11:25 GMT -5
From www.optionmonster.com ..............................GLTA Indexes stay in recent rangeStocks drifted higher on light volume yesterday, but reversed later and then erased the gains in extended trading. The unusual activity probably results from the extremely light volumes we're seeing in this final week of August. Because prices remain turbulent, I will continue to provide much larger-than-normal ranges for levels. Some readers may have noticed the absence of the ETFs recently. I am omitting them because the futures against which they price have been far more erratic than usual. That makes determining their levels into something of a guessing game. The cash indexes have some historically significant support and resistance levels that can be plotted with more confidence. It seems that some time remains until the indexes markets normalize into more predictable ranges. Today's levels are little changed from yesterday's. Aside from a minor change to the S&P 500's 10-day moving average Tuesday's price action was insufficient to break either support or resistance. It's the first time that occurred for the last several weeks. For the Nasdaq 100, support is at 2214.26. Below that level the next support is at 2180.94. Resistance is now at 2240.68, with next resistance above at 2256.70. The S&P 500 has support at its high of August 17th at 1208.47. Support below that levels is at 1189.04, and then its 10-day moving average at 1168.09. Resistance is now at 1218.11, with next resistance above that at 1243.75. The Russell 2000 has support at its August 16th high of 718.59. Support below there is at 697.78, and then at 690.46. Resistance is at 735.86, and then at 750.06. |
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Post by ask2lern on Aug 31, 2011 6:13:51 GMT -5
From http://www.optionmonster.com...........................GLTA
Employment, factory data, oil crowd calendar
Today's calendar is busy, with the first look at August employment data, factory data and regular mortgage-loan statistics.
It begins with weekly data from the MBA on home-loan applications at 7am ET. I look only at the purchases, which last week was 157.9, because it's indicative of fresh economic activity. An increase of 5 percent or more would be considered bullish, and a decline of similar magnitude would be bearish. Economists don't provide estimates for this report.
The Challenger Job-Cut Report comes out at 7:30am ET, and tracks announced lay-offs that have not yet been implemented. That makes it a leading indicator of employment trends. Last month, the total increased to 66,400. A reading well above this level, by 10 percent or more, would be bearish. A drop back toward the 50,000 area would be bullish.
The ADP Employment Report at 8:15am ET will probably be one of the key reports of the morning. Consensus calls for the creation of 100,000 private-sector jobs. The range of estimates is very wide, at a very bearish 5,000 at the low, to a bullish 140,000 at the high. A number that breaks either end of this range will likely produce a very strong market reaction. The skew is toward the higher end of the range, so a large deviation below 100,000 could trigger a bearish reaction.
More job news comes out tomorrow with weekly jobless claims, and on Friday when the Labor Department publishes non-farm payrolls for August.
The Chicago PMI data is scheduled for 9:45am ET. Economists expect it to drop to 53.5 from 58.8 last month. The low end of the range is for a drop down to 49, which would indicate a bearish contraction in activity. The upper end of the range is at 56.1. Readings outside of the range to the upside or downside will trigger a strong market reaction. The index is calculated so that a number above 50 indicates expansion, and below it points toward contraction.
Factory Orders follow at 10am ET, and are expected to increase 1.9 percent from a month ago. Forecasts range from just 0.3 percent, which would be bearish, to a much larger and bullish gain of 3.5 percent. No one is expecting a negative number, so if one occurs it could trigger selling.
The EIA Petroleum Status Report on oil inventories will be released at 10:30am ET, following the American Petroleum Institute's competing report last night. The API showed a build of 5.128 million barrels, significantly ahead of forecasts. The EIA report is expected to report a 0.4 million-barrel increase.
If the number is bigger than expected and confirms the API report, it could be bearish for crude. A smaller or negative figure, which would indicate a draw, could be bullish 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 31, 2011 6:15:48 GMT -5
CNBC CNBC
U.S. mortgage applications tumbled again last week, refinancing applications slumped 12% - 30 yr mortgage at 4.32% - #housing #economy
3 minutes ago Favorite Retweet Reply
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Post by ask2lern on Aug 31, 2011 6:32:54 GMT -5
zerohedge zerohedge
US Challenger Job Cuts (Aug) Y/Y 51.1K vs. Prev. 66.4K
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Post by kryptos2009 on Aug 31, 2011 6:43:30 GMT -5
Good Morning A2L, thx for the start & Info!!!
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Post by kryptos2009 on Aug 31, 2011 6:43:50 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=13.18 MP=13.27 R1=13.35 MP=13.42 R2=13.48 MP=13.63 R3=13.78 MP=13.93 R4=14.08 MP=13.12 S1=13.05 MP=12.97 S2=12.88 MP=12.73 S3=12.58 MP=12.43 S4=12.28 O=13.21 H=13.32 L=13.02 C=13.21 FAS PP=15.02 MP=15.30 R1=15.58 MP=15.81 R2=16.04 MP=16.55 R3=17.06 MP=17.57 R4=18.08 MP=14.79 S1=14.56 MP=14.28 S2=14.00 MP=13.49 S3=12.98 MP=12.47 S4=11.96 O=15.02 H=15.47 L=14.45 C=15.13 FAZ PP=53.38 MP=54.15 R1=54.91 MP=55.86 R2=56.80 MP=58.51 R3=60.22 MP=61.93 R4=63.64 MP=52.44 S1=51.49 MP=50.73 S2=49.96 MP=48.25 S3=46.54 MP=44.83 S4=43.12 O=53.4 H=55.27 L=51.85 C=53.02 SPY PP=121.12 MP=122.06 R1=122.99 MP=123.64 R2=124.29 MP=125.88 R3=127.46 MP=129.05 R4=130.63 MP=120.47 S1=119.82 MP=118.89 S2=117.95 MP=116.37 S3=114.78 MP=113.20 S4=111.61 O=120.83 H=122.43 L=119.26 C=121.68 SPG PP=116.15 MP=116.84 R1=117.52 MP=118.11 R2=118.70 MP=119.98 R3=121.25 MP=122.53 R4=123.80 MP=115.56 S1=114.97 MP=114.29 S2=113.60 MP=112.33 S3=111.05 MP=109.78 S4=108.50 O=116.79 H=117.34 L=114.79 C=116.33 GS PP=114.81 MP=115.59 R1=116.37 MP=116.97 R2=117.56 MP=118.94 R3=120.31 MP=121.69 R4=123.06 MP=114.22 S1=113.62 MP=112.84 S2=112.06 MP=110.69 S3=109.31 MP=107.94 S4=106.56 O=115.33 H=116 L=113.25 C=115.18 JPM PP=37.18 MP=37.39 R1=37.60 MP=37.88 R2=38.15 MP=38.63 R3=39.12 MP=39.60 R4=40.09 MP=36.91 S1=36.63 MP=36.42 S2=36.21 MP=35.72 S3=35.24 MP=34.75 S4=34.27 O=37.4 H=37.72 L=36.75 C=37.06 MS PP=17.12 MP=17.23 R1=17.34 MP=17.50 R2=17.65 MP=17.91 R3=18.18 MP=18.44 R4=18.71 MP=16.97 S1=16.81 MP=16.70 S2=16.59 MP=16.32 S3=16.06 MP=15.79 S4=15.53 O=17.11 H=17.42 L=16.89 C=17.04 C PP=30.89 MP=31.12 R1=31.34 MP=31.54 R2=31.73 MP=32.15 R3=32.57 MP=32.99 R4=33.41 MP=30.70 S1=30.50 MP=30.28 S2=30.05 MP=29.63 S3=29.21 MP=28.79 S4=28.37 O=31.04 H=31.29 L=30.45 C=30.94 VIX PP=32.66 MP=33.22 R1=33.78 MP=34.22 R2=34.66 MP=35.66 R3=36.66 MP=37.66 R4=38.66 MP=32.22 S1=31.78 MP=31.22 S2=30.66 MP=29.66 S3=28.66 MP=27.66 S4=26.66 O=32.97 H=33.55 L=31.55 C=32.89 UUP PP=21.02 MP=21.04 R1=21.06 MP=21.09 R2=21.11 MP=21.16 R3=21.20 MP=21.25 R4=21.29 MP=21.00 S1=20.97 MP=20.95 S2=20.93 MP=20.89 S3=20.84 MP=20.80 S4=20.75 O=21.03 H=21.07 L=20.98 C=21.01 FROM: www.econoday.comEconomic Events & Analysis - 08/31/2011 Wednesday7:00 AM ET MBA Purchase Applications 7:30 AM ET Challenger Job-Cut Report 8:15 AM ET ADP Employment Report 9:45 AM ET Chicago PMI 10:00 AM ET Factory Orders 10:30 AM ET EIA Petroleum Status Report 11:30 AM ET Dennis Lockhart Speaks 3:00 PM ET Farm Prices 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 rex on Aug 31, 2011 6:44:53 GMT -5
Both reports so far, better than expected. ADP next. Thanks for the info guys!
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Post by Clinton SPX on Aug 31, 2011 7:17:56 GMT -5
bull flag on 10m ES
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Post by rex on Aug 31, 2011 7:20:08 GMT -5
ADP report +91,000 which is less than the 100,000 expected, but according to futures, 91,000 is good enough.
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Post by Clinton SPX on Aug 31, 2011 7:41:54 GMT -5
airlines are going to pop big. its the end of the month AND oil supplies higher than expected
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Post by timber on Aug 31, 2011 8:02:12 GMT -5
ADP report +91,000 which is less than the 100,000 expected, but according to futures, 91,000 is good enough. that was a good number i thought rex |
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Post by ask2lern on Aug 31, 2011 8:09:45 GMT -5
Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 62 points or -3.95% downside to 1165 and 1.16% upside to 1227.
27 minutes ago Favorite Retweet Reply
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Post by ask2lern on Aug 31, 2011 8:11:09 GMT -5
ADP report +91,000 which is less than the 100,000 expected, but according to futures, 91,000 is good enough. that was a good number i thought rex The ADP Employment Report at 8:15am ET will probably be one of the key reports of the morning. Consensus calls for the creation of 100,000 private-sector jobs. The range of estimates is very wide, at a very bearish 5,000 at the low, to a bullish 140,000 at the high. A number that breaks either end of this range will likely produce a very strong market reaction. The skew is toward the higher end of the range, so a large deviation below 100,000 could trigger a bearish reaction. |
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Post by ask2lern on Aug 31, 2011 8:12:00 GMT -5
ZOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!!!!!!!!  |
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Post by ask2lern on Aug 31, 2011 8:15:57 GMT -5
Although I am a Silver bear here is bullish chart on silver.....................GLTA chart.ly/coagc89 |
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Post by ask2lern on Aug 31, 2011 8:19:20 GMT -5
I thinks SLV will fill the gap from 7/12 around 35.25-35.50 at some point..............of course I could be wrong.............. ;D
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Post by Clinton SPX on Aug 31, 2011 8:36:28 GMT -5
Yesterdays tech scalp sell target hit.
cha ching
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Post by Clinton SPX on Aug 31, 2011 8:39:55 GMT -5
SNSS remains hot
I hope take over rumors start soon
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Post by Clinton SPX on Aug 31, 2011 8:50:21 GMT -5
airlines are going to pop big. its the end of the month AND oil supplies higher than expected XAL is now lighting the HOD |
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Post by Clinton SPX on Aug 31, 2011 8:56:52 GMT -5
F and GM looking hot too.
no signs of double dip today
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Post by Clinton SPX on Aug 31, 2011 9:20:37 GMT -5
SSN is hot
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Post by Clinton SPX on Aug 31, 2011 9:54:41 GMT -5
crazy spike on spy?
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Post by Clinton SPX on Aug 31, 2011 10:40:20 GMT -5
This is a dull market
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Post by Clinton SPX on Aug 31, 2011 11:45:04 GMT -5
Lets see how long it takes for traders to realize they want XOM and AAPL for the end of the month
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Post by Clinton SPX on Aug 31, 2011 12:07:12 GMT -5
Can you feel the pressure, market going to explode up soon
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Post by Clinton SPX on Aug 31, 2011 12:16:55 GMT -5
got to run BBL
think 2 oclock rally!
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