PPDT - 09/15/2011 Thursday - PP-XLF = 12.55

[ask2lern]

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


GOLD


R3 1873.10
R2 1847.10
R1 1834.60

PP 1821.10

S1 1808.60
S2 1795.10
S3 1769.10


SILVER

R3 42.73
R2 41.74
R1 41.29

PP 40.75

S1 40.30
S2 39.76
S3 38.77


IWM

R3 76.04
R2 73.08
R1 71.80

PP 70.12

S1 68.84
S2 67.16
S3 64.20




TNA

R3 53.97
R2 48.64
R1 46.29

PP 43.31

S1 40.96
S2 37.98
S3 32.65



TZA

R3 54.74
R2 49.02
R1 45.83

PP 43.30

S1 40.11
S2 37.58
S3 31.86


SDS

R3 26.95
R2 25.28
R1 24.36

PP 23.61

S1 22.69
S2 21.94
S3 20.27


SSO

R3 47.45
R2 44.62
R1 43.35

PP 41.79

S1 40.52
S2 38.96
S3 36.13

…………………………..GLTA

[ask2lern]

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

Nasdaq 100 is clear leader in indexes

The indexes saw an expansion of their daily ranges yesterday that was nearly double those of the day before. The Nasdaq 100 now is the clear technical leader on the upside.

The S&P 500 and Russell 2000 are still struggling at the relative midpoints of their recent counter-trend rally. The Nasdaq 100, by contrast, briefly broke out above its 50-day moving average. It did not close above that level but did manage to break above it intraday.

The S&P 500 has more than 45 points to go to just reach its 50-day, pointing out a key distinction in index behavior. The NDX is trading in a well behaved bullish price channel, while the SPX is actually in a bearish downtrend channel at the moment that is far wider and erratic.

Given the range expansion in the Russell and the S&P, I am sticking with the wider-range format of the last six weeks for those indexes with two numbers each for support and resistance. Traders should be aware that there is some risk now of those ranges being broken, given the behavior we saw yesterday.

For the Nasdaq 100, previous resistance becomes support and it gets a fresh resistance level. The S&P 500 and Russell 2000 also see support roll up, but their moves were not as decisive as what we saw in the NDX. There could be considerably more volatility in these indexes.

The S&P 500 support is at its 10-day moving at 1182.51, then 1155.47. Resistance is at 1192.89, then 1212.92

The Russell 2000 has support at 695.39, its 10-day moving average, then 681.43. Resistance is at 712.11, then 718.59.

Nasdaq 100 (NDX)

First support is at 2237.55. First resistance is at 2284.66.

For the PowerShares QQQ (QQQ) first support is at $55.27. First resistance is at $56.08.

[ask2lern]

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

Calendar full of market-moving data

The economic calendar is full today, with a number of important releases in the morning that include inflation numbers, two regional manufacturing reports, industrial production data, and unemployment claims.

Four of the reports will be released at 8:30 a.m. ET, opening a potentially volatile period depending on the results.

The Consumer Price Index will be released at 8:30 a.m. ET. The report comes in two forms: the so-called heading number includes food and energy, while the "core" number excludes those categories.

The headline number is expected to show a monthly gain of 0.2 percent, from a range of estimates between a bullish -0.2 percent and a more inflationary 0.4 percent at the high. The core number is also expected to show a monthly change of 0.3 percent, from estimates ranging between a disinflationary gain of 0.1 percent to a more inflationary 0.3 percent.

The Empire State Manufacturing Survey data also comes out at 8:30 a.m. ET. Consensus calls for a drop to -4, but this is a notoriously volatile number with a wide range of estimates. This time the range is from a more bearish -15 to a bullish gain of 1. A number that exceeds either end of the range will produce a strong market response.

Jobless Claims will be out at 8:30 a.m. ET. The consensus forecast calls for a decrease to 410,000 claims, down from last week's 414,000. Estimates range from a more bullish 400,000 to a bearish 434,000. A drop below the psychologically important 400,000 level would be quite bullish, while a number at or above 450,000 would be equally bearish.

The Current Account data, measuring U.S. trade balance, is the last report to be released at 8:30 a.m. ET. Most economists expect the gap to widen to -$122.5 billion, though estimates range from a bearish -$188.4 billion to a relatively bullish -$105 billion.

Industrial Production comes out at 9:15 a.m. ET. The consensus calls for a gain of 0.1 percent. Estimates range from a bearish -0.4 percent to a bullish 0.3 percent.

The Philadelphia Fed Survey is the last report of the morning, coming out at 10 a.m. ET. Last month's number showed a very large drop to -30.7, but most economists expect the number to come in this time at -15.

That would still indicate contraction but would be seen as a big improvement. The range is from a bearish -25 to a very bullish -2. If the number breaks either end of the range, it would produce a strong reaction in the markets. If the number is weaker than -30.7, it would be a very negative surprise because it is not seen in any of the forecasts.

The SEMI book-to-bill ratio for the semiconductor industry comes out after the close at 6 p.m. ET and will likely impact after-hours trading in the group and tomorrow morning.

[Clinton SPX]

Thanks ASK, 830am is THE time

[Clinton SPX]

crude and nat gas just cant stay bullish.

That tells you what "they:" think about the economy

[Clinton SPX]

nat gas dropping like a rock before 830 numbers

[Clinton SPX]

bad numbers, duh

[timber]

all the data was bad todAY

[Clinton SPX]

bulls gonna need another jar of opex magic today

[timber]

GOLD NOt rallying....vix still down and banks are still positive

[Clinton SPX]

Someone opened a jar of "wish away" too.

[Clinton SPX]

Heres some "wish away"

At Least Greek CDS Is Tighter... Oh Wait, It Isn't
Submitted by Tyler Durden on 09/15/2011 08:23 -0400

Belgium CDS Eurozone France Germany Greece Ireland Italy Portugal Reality United Kingdom


Some may find it odd that afer all the measures taken to resolve the threat of a Greek bankruptcy and Eurozone explusion, it is just Greek CDS that are actually wider on the day. We suggest those "some" forget about reality and enjoy the latest massive short covering squeeze which will end only when it does and not a moment sooner.

5Y 10Y 5/10's

GREECE 58/63 +1 59/63 -0.5/2.5
ITALY 457/469 -5 434/448 -28/-14
SPAIN 380/390 -5 360/374 -25/-11
PORTUGAL 1100/1160 -10 875/945 -250/-190
IRELAND 800/840 -15 610/680 -205/-145
BELGIUM 260/270 -13 255/269 -8/2
FRANCE 172/176 -7 184.5/190.5 11/16
AUSTRIA 136/140 -7 151.5/159.5 15/20
UK 81/85 -1 97/103 15/19
GERMANY 82.5/84.5 -0.5 99/104 16/20

[Clinton SPX]

Just the summary for now:

CPI: 0.4%, Core 0.2%, consensus for both was 0.2%; Inflation higher than expected
Initial Claims, +428, Exp. 411K, up from 417K (414K was revised upward of course); 22 out of 21 400K+ prints; Employment looking bad again
Empire Index: -8.82; Exp. -4.0, , decline from -7.72 previously; 4th consecutive decline; Manufacturing continues to look ugly
Q2 Current Account: -$118 billion, exp. -122.4 billion; Previous revised lower from -119.3 billion to -$119.6 billion. Irrelevant for current GDP data, and only relevant for the final Q2 GDP revision.

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.55
MP=12.68 R1=12.80 MP=12.91 R2=13.01 MP=13.24 R3=13.47 MP=13.70 R4=13.93
MP=12.45 S1=12.34 MP=12.22 S2=12.09 MP=11.86 S3=11.63 MP=11.40 S4=11.17
O=12.58 H=12.75 L=12.29 C=12.6

FAS PP=12.93
MP=13.31 R1=13.68 MP=13.96 R2=14.24 MP=14.90 R3=15.55 MP=16.21 R4=16.86
MP=12.65 S1=12.37 MP=12.00 S2=11.62 MP=10.97 S3=10.31 MP=9.66 S4=9.00
O=12.95 H=13.5 L=12.19 C=13.11

FAZ PP=58.58
MP=59.94 R1=61.29 MP=63.07 R2=64.84 MP=67.97 R3=71.10 MP=74.23 R4=77.36
MP=56.81 S1=55.03 MP=53.68 S2=52.32 MP=49.19 S3=46.06 MP=42.93 S4=39.80
O=58.5 H=62.12 L=55.86 C=57.75

SPY PP=118.96
MP=120.09 R1=121.21 MP=122.13 R2=123.04 MP=125.08 R3=127.12 MP=129.16 R4=131.20
MP=118.05 S1=117.13 MP=116.01 S2=114.88 MP=112.84 S3=110.80 MP=108.76 S4=106.72
O=118.34 H=120.8 L=116.72 C=119.37

SPG PP=116.08
MP=116.91 R1=117.73 MP=118.35 R2=118.97 MP=120.41 R3=121.86 MP=123.30 R4=124.75
MP=115.46 S1=114.84 MP=114.02 S2=113.19 MP=111.74 S3=110.30 MP=108.85 S4=107.41
O=117.04 H=117.31 L=114.42 C=116.5

GS PP=104.65
MP=105.21 R1=105.77 MP=106.39 R2=107.00 MP=108.18 R3=109.35 MP=110.53 R4=111.70
MP=104.04 S1=103.42 MP=102.86 S2=102.30 MP=101.13 S3=99.95 MP=98.78 S4=97.60
O=104.91 H=105.88 L=103.53 C=104.54

JPM PP=32.62
MP=33.00 R1=33.37 MP=33.66 R2=33.95 MP=34.61 R3=35.28 MP=35.94 R4=36.61
MP=32.33 S1=32.04 MP=31.67 S2=31.29 MP=30.62 S3=29.96 MP=29.29 S4=28.63
O=32.73 H=33.19 L=31.86 C=32.8

MS PP=15.51
MP=15.68 R1=15.84 MP=16.02 R2=16.20 MP=16.55 R3=16.89 MP=17.24 R4=17.58
MP=15.33 S1=15.15 MP=14.99 S2=14.82 MP=14.48 S3=14.13 MP=13.79 S4=13.44
O=15.7 H=15.87 L=15.18 C=15.48

C PP=27.27
MP=27.56 R1=27.85 MP=28.08 R2=28.30 MP=28.82 R3=29.33 MP=29.85 R4=30.36
MP=27.05 S1=26.82 MP=26.53 S2=26.24 MP=25.73 S3=25.21 MP=24.70 S4=24.18
O=27.38 H=27.73 L=26.7 C=27.39

VIX PP=35.25
MP=36.18 R1=37.11 MP=38.36 R2=39.61 MP=41.79 R3=43.97 MP=46.15 R4=48.33
MP=34.00 S1=32.75 MP=31.82 S2=30.89 MP=28.71 S3=26.53 MP=24.35 S4=22.17
O=36.59 H=37.76 L=33.4 C=34.6

UUP PP=21.83
MP=21.87 R1=21.90 MP=21.96 R2=22.01 MP=22.10 R3=22.19 MP=22.28 R4=22.37
MP=21.78 S1=21.72 MP=21.69 S2=21.65 MP=21.56 S3=21.47 MP=21.38 S4=21.29
O=21.83 H=21.94 L=21.76 C=21.79

FROM: www.econoday.com

Economic Events & Analysis - 09/15/2011 Thursday


Weekly Bill Settlement

8:30 AM ET Consumer Price Index
8:30 AM ET Empire State Mfg Survey
8:30 AM ET Jobless Claims
8:30 AM ET Current Account
9:15 AM ET Industrial Production
9:45 AM ET Bloomberg Consumer Comfort Index
10:00 AM ET Philadelphia Fed Survey
10:30 AM ET EIA Natural Gas Report
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
11:00 AM ET 52-Week Bill Announcement
11:00 AM ET 10-Yr TIPS Announcement
4:30 PM ET Fed Balance Sheet
4:30 PM ET Money Supply


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.

[Clinton SPX]

The bernank is going to tarp the EU banks. How is this legal?

[Clinton SPX]

things must be really bad there

[rex]

Sept 15, 2011 7:47:20 GMT -5 Clinton SPX said:

Just the summary for now:

CPI: 0.4%, Core 0.2%, consensus for both was 0.2%; Inflation higher than expected
Initial Claims, +428, Exp. 411K, up from 417K (414K was revised upward of course); 22 out of 21 400K+ prints; Employment looking bad again
Empire Index: -8.82; Exp. -4.0, , decline from -7.72 previously; 4th consecutive decline; Manufacturing continues to look ugly
Q2 Current Account: -$118 billion, exp. -122.4 billion; Previous revised lower from -119.3 billion to -$119.6 billion. Irrelevant for current GDP data, and only relevant for the final Q2 GDP revision.

And right after you typed this, futures spiked up like crazy and I can't find why!

[Clinton SPX]

Bernank just announced hes making USD avail to EU banks to prop them

[kryptos2009]

and FAS spiked from 13.05 up to 13.55

[Clinton SPX]

Why doesnt the EU print Euros to prop up their own banks? why the fuck are we adding this risk on?

[Clinton SPX]

we need to end the FED this is such bullshit.
They should need congress to approve crap like this

[Clinton SPX]

The Global Liquidity Bailout Arrives: ECB Announces Emergency Liquidity-Providing Operations In Conjunction With Fed, BoE, BOJ and SNB
Submitted by Tyler Durden on 09/15/2011 - 09:06
Bank of England Bank of Japan BOE Central Banks European Central Bank Federal Reserve fixed Japan Lehman Swiss National Bank United Kingdom
Remember that dollar liquidity crunch Zero Hedge has been covering for the past month? Here is the denouement, in the form of the first global liquidity bailout of the world for 2011, on the 3 year anniversary of the Lehman collapse.

[Clinton SPX]

gold dropped, bt printing more dollars to give to the EU should make it rally like a bitch

[Clinton SPX]

Good news comrades. EU banker bonuses wont be cancelled this christmas. wew. we can all sleep well now

[Clinton SPX]

wow, crude oil spiking.

hello inflation!!

[herceg1967]

Sept 15, 2011 8:08:13 GMT -5 Clinton SPX said:

we need to end the FED this is such bullshit.
They should need congress to approve crap like this

I agree, we continue to support others or TRY to, while our own economy is in shambles.................Unbelievable.............

JMO and BOL............

[timber]

dont fall into i cant believe this syndrome that bears have had for years no

[Clinton SPX]

added to my shorts

[rex]

Careful...Philly Fed expectations are LOW so any bad number may be better than expected and 1220 here we come.

[timber]

need to break and hold 1200.....you got that right rex