PPDT - 09/08/2011 Thursday - PP-XLF = 12.65

[ask2lern]

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


GOLD


R3 1910.40
R2 1863.50
R1 1840.90

PP 1816.60

S1 1794.00
S2 1769.70
S3 1722.80


SILVER

R3 44.65
R2 42.96
R1 42.31

PP 41.27

S1 40.62
S2 39.58
S3 37.89


IWM

R3 74.05
R2 72.17
R1 71.51

PP 70.29

S1 69.63
S2 68.41
S3 66.53




TNA

R3 50.55
R2 47.32
R1 46.21

PP 44.09

S1 42.98
S2 40.86
S3 37.63



TZA

R3 51.52
R2 47.57
R1 45.00

PP 43.62

S1 41.05
S2 39.67
S3 35.72


SDS

R3 25.09
R2 24.26
R1 23.72

PP 23.43

S1 22.89
S2 22.60
S3 21.77


SSO

R3 45.11
R2 43.74
R1 43.27

PP 42.37

S1 41.90
S2 41.00
S3 39.63

…………………………..GLTA

[ask2lern]

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

Rally breaks through resistance levels

The indexes broke out above even the secondary levels of resistance set for yesterday morning.

It was also another day of extreme ranges, meaning that we are still not operating in normal market conditions. As a result, I am increasing the range of support and resistance levels to accommodate the potential for bigger price swings:

For the Nasdaq 100, support is at 2189.61, its 10-day moving average, then at 2148.22 and 2129.27. Resistance is at 2265.40, its 50-day moving average, then at 2321.51.

In the S&P 500, support is at 1189.78, its 10-day moving average, then at 1155.47 and 1138.75. Resistance is at 1196.50, then at 1218.11 and 1230.71, the most recent pivot high for the index.

The Russell 2000 has support 702.09, its 10-day moving average, then at 681.45 and 664.3. Resistance is at 718.63, then at 724.71 and 737.64, the most recent pivot high.

[ask2lern]

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

Trade, labor, consumer data lead slate

Today is the busiest day on the economic calendar for the week, with trade, unemployment, the consumer, and energy as the main topics.

At 8:30 a.m. ET International Trade data will be released. The consensus expectation is for the trade gap to narrow slightly to -$51 billion. The range is from a more bearish gap of -$55 billion to a more bullish gap of -$46 billion.

Jobless Claims will also be reported at 8:30 a.m. ET. This release will be watched closely, given that the president's employment program will be the topic of the day tomorrow morning after his speech tonight. Most economists expect claims to drop to 405,000, down from last week's 409,000.

The range is relatively narrow for the numbers, between a bullish drop to 400,000 claims and a bearish increase to 435,000. A number that breaks either end of the range would have a greater market impact. A number below 400,000 would be particularly bullish, as that level is an important psychological barrier.

The Bloomberg Consumer Comfort Index will be released at 9:45 a.m. ET. Given the focus on the gloom pervading consumer sentiment, this report may be scrutinized more than is typically the case. No economists make estimates for the index, but its latest reading was -49.1, which is low.

The Quarterly Services Survey from the Census Bureau will be released at 10 a.m. ET. There is no estimate mode for this report which covers a wide range of industries.

The EIA Petroleum Status Report will be released at 11 a.m. ET. Before the EIA data comes out, the American Petroleum Institute issues a competing report based on its own supply data.

The forecast for both reports was for a draw of -1.9 million barrels. But the API release, which came out last night after the market closed, showed a larger draw of -2.968 million barrels.

If the EIA data confirms this number or shows an even larger draw, it could be bullish for crude. If the draw number is smaller than the API's -2.968 million barrels, or is a positive number indicating a build, it could be bearish 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.

Consumer Credit will be reported at 3 p.m. ET. Consensus is for positive increase in credit of $6 billion. The range of just $1 billion at the low, which would be bearish, to a very large build of $17 billion, which would be seen as bullish. Last month's data came in at $15.5 billion, fueled largely by motor vehicle purchases.

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.65
MP=12.92 R1=13.19 MP=13.33 R2=13.47 MP=13.88 R3=14.29 MP=14.70 R4=15.11
MP=12.51 S1=12.37 MP=12.10 S2=11.83 MP=11.42 S3=11.01 MP=10.60 S4=10.19
O=12.58 H=12.93 L=12.11 C=12.91

FAS PP=13.66
MP=14.07 R1=14.47 MP=14.69 R2=14.90 MP=15.52 R3=16.14 MP=16.76 R4=17.38
MP=13.45 S1=13.23 MP=12.83 S2=12.42 MP=11.80 S3=11.18 MP=10.56 S4=9.94
O=13.18 H=14.08 L=12.84 C=14.05

FAZ PP=56.90
MP=58.02 R1=59.14 MP=61.23 R2=63.31 MP=66.51 R3=69.72 MP=72.92 R4=76.13
MP=54.82 S1=52.73 MP=51.61 S2=50.49 MP=47.28 S3=44.08 MP=40.87 S4=37.67
O=59.49 H=61.06 L=54.65 C=54.98

SPY PP=119.66
MP=120.32 R1=120.97 MP=121.31 R2=121.64 MP=122.63 R3=123.62 MP=124.61 R4=125.60
MP=119.33 S1=118.99 MP=118.34 S2=117.68 MP=116.69 S3=115.70 MP=114.71 S4=113.72
O=118.76 H=120.34 L=118.36 C=120.29

SPG PP=118.35
MP=119.43 R1=120.51 MP=121.08 R2=121.64 MP=123.29 R3=124.93 MP=126.58 R4=128.22
MP=117.79 S1=117.22 MP=116.14 S2=115.06 MP=113.42 S3=111.77 MP=110.13 S4=108.48
O=118.2 H=119.48 L=116.19 C=119.38

GS PP=107.38
MP=108.57 R1=109.75 MP=110.46 R2=111.17 MP=113.06 R3=114.96 MP=116.85 R4=118.75
MP=106.67 S1=105.96 MP=104.78 S2=103.59 MP=101.69 S3=99.80 MP=97.90 S4=96.01
O=106 H=108.79 L=105 C=108.34

JPM PP=34.56
MP=34.90 R1=35.24 MP=35.46 R2=35.67 MP=36.22 R3=36.78 MP=37.33 R4=37.89
MP=34.35 S1=34.13 MP=33.79 S2=33.45 MP=32.89 S3=32.34 MP=31.78 S4=31.23
O=34.1 H=34.98 L=33.87 C=34.82

MS PP=16.08
MP=16.37 R1=16.65 MP=16.81 R2=16.97 MP=17.42 R3=17.86 MP=18.31 R4=18.75
MP=15.92 S1=15.76 MP=15.48 S2=15.19 MP=14.75 S3=14.30 MP=13.86 S4=13.41
O=15.72 H=16.4 L=15.51 C=16.33

C PP=28.76
MP=29.09 R1=29.42 MP=29.64 R2=29.86 MP=30.41 R3=30.96 MP=31.51 R4=32.06
MP=28.54 S1=28.32 MP=27.99 S2=27.66 MP=27.11 S3=26.56 MP=26.01 S4=25.46
O=28.33 H=29.2 L=28.1 C=28.98

VIX PP=33.82
MP=34.04 R1=34.26 MP=34.70 R2=35.14 MP=35.80 R3=36.46 MP=37.12 R4=37.78
MP=33.38 S1=32.94 MP=32.72 S2=32.50 MP=31.84 S3=31.18 MP=30.52 S4=29.86
O=34.24 H=34.7 L=33.38 C=33.38

UUP PP=21.46
MP=21.48 R1=21.50 MP=21.54 R2=21.57 MP=21.63 R3=21.68 MP=21.74 R4=21.79
MP=21.43 S1=21.39 MP=21.37 S2=21.35 MP=21.30 S3=21.24 MP=21.19 S4=21.13
O=21.51 H=21.53 L=21.42 C=21.43

FROM: www.econoday.com

Economic Events & Analysis - 09/08/2011 Thursday


Weekly Bill Settlement

8:30 AM ET International Trade
8:30 AM ET Jobless Claims
9:45 AM ET Bloomberg Consumer Comfort Index
10:00 AM ET Quarterly Services Survey
10:30 AM ET EIA Natural Gas Report
11:00 AM ET EIA Petroleum Status Report
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
11:00 AM ET 3-Yr Note Announcement
11:00 AM ET 10-Yr Note Announcement
11:00 AM ET 30-Yr Bond Announcement
1:00 PM ET Ben Bernanke Speaks
3:00 PM ET Consumer Credit
4:30 PM ET Fed Balance Sheet
4:30 PM ET Money Supply
7:00 PM ET Barack Obama 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.

[ask2lern]

MarketWatch MarketWatch
European Central Bank keeps interest rates on hold; Trichet to speak on.mktw.net/qTlvD3

[ask2lern]

jkings1
More weird things are going to happen today. $GLD $GC_F fasten the seat belts.
Sep. 8 at 6:53 AM • Reply • Like • Flag • More

[kryptos2009]

Good Morning A2L!!! Thx for the start

[Clinton SPX]

markets seem strong/bullish so far

[jack]

Sept 8, 2011 8:36:00 GMT -5 Clinton SPX said:

markets seem strong/bullish so far

Time to do something useful and clean up the shop for the next project - tell me how it all works out.

Remember tomorrow: The "NFL Opening Season Bull Effect"

[Clinton SPX]

sure is a dull market
good for the bulls

[Clinton SPX]

Im noticing a pattern on my TGC. They suppress the price below what oil is trading at and get people to give up and sell then they slam it up for a big 10% day like today. I think Im gonna have to take advantage of this pattern

[Clinton SPX]

BBL
GL traders

[Clinton SPX]

--Senate committee approves four-month extension of highway bill
--Chairman says panel close to agreeing on two-year bill
--House Republicans working on alternative approach

[rex]

Sept 8, 2011 10:54:46 GMT -5 Clinton SPX said:

--Senate committee approves four-month extension of highway bill
--Chairman says panel close to agreeing on two-year bill
--House Republicans working on alternative approach

This must be a bad thing as we dropped the second you posted this.

[Clinton SPX]

Im thinking we got another 30-60 min of selling

[Rich]

I need to start unwinding these practice account shorts before it blows up

[Clinton SPX]

Hmmm, I still think todays low gets retested

[Rich]

I have a falling wedge on the 5 min Euro. I think ben will be the relief valve on this intense selling pressure

[timber]

operation twist is not good for bank margins... bet banks sell off he mentions it

[Clinton SPX]

covered my fin short on that drop

[Clinton SPX]

Bloomberg says Obama speech has a big surprise in it. I have a feeling our republican president will give our republican congress everything they want.

[Clinton SPX]

I think tomorrow we hit the 1220. Ill reshort fins then

[Rich]

benficent ben is killing the euro

[dino]

spy downward wedge on intra-day 5 min. might run out of time though. stochs oversold. rsi nearing oversold. need a move above 119.30, then about 119.60 to break free.

[Clinton SPX]

bought some small caps fpr a long scalp