PPDT - 09/20/2011 Tuesday - PP-XLF = 12.56

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.56
MP=12.62 R1=12.67 MP=12.73 R2=12.78 MP=12.89 R3=13.00 MP=13.11 R4=13.22
MP=12.51 S1=12.45 MP=12.40 S2=12.34 MP=12.23 S3=12.12 MP=12.01 S4=11.90
O=12.64 H=12.67 L=12.45 C=12.56

FAS PP=13.07
MP=13.24 R1=13.41 MP=13.59 R2=13.77 MP=14.12 R3=14.47 MP=14.82 R4=15.17
MP=12.89 S1=12.71 MP=12.54 S2=12.37 MP=12.02 S3=11.67 MP=11.32 S4=10.97
O=13.29 H=13.42 L=12.72 C=13.06

FAZ PP=57.31
MP=57.97 R1=58.63 MP=59.29 R2=59.94 MP=61.25 R3=62.57 MP=63.88 R4=65.20
MP=56.66 S1=56.00 MP=55.34 S2=54.68 MP=53.36 S3=52.05 MP=50.73 S4=49.42
O=56.47 H=58.61 L=55.98 C=57.33

SPY PP=119.99
MP=120.62 R1=121.25 MP=121.73 R2=122.20 MP=123.30 R3=124.41 MP=125.51 R4=126.62
MP=119.52 S1=119.04 MP=118.41 S2=117.78 MP=116.67 S3=115.57 MP=114.46 S4=113.36
O=119.53 H=120.93 L=118.72 C=120.31

SPG PP=118.95
MP=119.44 R1=119.92 MP=120.47 R2=121.02 MP=122.05 R3=123.09 MP=124.12 R4=125.16
MP=118.40 S1=117.85 MP=117.37 S2=116.88 MP=115.84 S3=114.81 MP=113.77 S4=112.74
O=118.65 H=120.04 L=117.97 C=118.83

GS PP=104.55
MP=105.21 R1=105.86 MP=106.38 R2=106.90 MP=108.08 R3=109.25 MP=110.43 R4=111.60
MP=104.03 S1=103.51 MP=102.86 S2=102.20 MP=101.03 S3=99.85 MP=98.68 S4=97.50
O=105.32 H=105.6 L=103.25 C=104.81

JPM PP=32.50
MP=32.69 R1=32.88 MP=33.07 R2=33.26 MP=33.64 R3=34.02 MP=34.40 R4=34.78
MP=32.31 S1=32.12 MP=31.93 S2=31.74 MP=31.36 S3=30.98 MP=30.60 S4=30.22
O=32.69 H=32.89 L=32.13 C=32.49

MS PP=15.42
MP=15.55 R1=15.68 MP=15.95 R2=16.22 MP=16.62 R3=17.02 MP=17.42 R4=17.82
MP=15.15 S1=14.88 MP=14.75 S2=14.62 MP=14.22 S3=13.82 MP=13.42 S4=13.02
O=15.86 H=15.95 L=15.15 C=15.15

C PP=27.70
MP=27.90 R1=28.09 MP=28.28 R2=28.46 MP=28.84 R3=29.22 MP=29.60 R4=29.98
MP=27.52 S1=27.33 MP=27.14 S2=26.94 MP=26.56 S3=26.18 MP=25.80 S4=25.42
O=28.07 H=28.08 L=27.32 C=27.71

VIX PP=33.47
MP=34.03 R1=34.59 MP=35.52 R2=36.45 MP=37.94 R3=39.43 MP=40.92 R4=42.41
MP=32.54 S1=31.61 MP=31.05 S2=30.49 MP=29.00 S3=27.51 MP=26.02 S4=24.53
O=34.8 H=35.33 L=32.35 C=32.73

UUP PP=21.90
MP=21.94 R1=21.97 MP=22.03 R2=22.09 MP=22.18 R3=22.28 MP=22.37 R4=22.47
MP=21.84 S1=21.78 MP=21.75 S2=21.71 MP=21.61 S3=21.52 MP=21.42 S4=21.33
O=21.94 H=22.01 L=21.82 C=21.86

FROM: www.econoday.com

Economic Events & Analysis - 09/20/2011 Tuesday


FOMC Meeting Begins

7:45 AM ET ICSC-Goldman Store Sales
8:30 AM ET Housing Starts
8:55 AM ET Redbook
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 52-Week 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.

[ask2lern]

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


GOLD


R3 1890.67
R2 1840.17
R1 1809.83

PP 1789.67

S1 1759.33
S2 1739.17
S3 1688.67


SILVER

R3 42.83
R2 41.26
R1 40.51

PP 39.69

S1 38.94
S2 38.12
S3 36.55


IWM

R3 73.35
R2 71.79
R1 71.02

PP 70.23

S1 69.46
S2 68.67
S3 67.11




TNA

R3 49.53
R2 46.53
R1 45.05

PP 43.53

S1 42.05
S2 40.53
S3 37.53



TZA

R3 48.15
R2 45.48
R1 44.12

PP 42.81

S1 41.45
S2 40.14
S3 37.47


SDS

R3 24.56
R2 23.74
R1 23.26

PP 22.92

S1 22.44
S2 22.10
S3 21.28


SSO

R3 46.15
R2 44.45
R1 43.86

PP 42.95

S1 42.26
S2 41.35
S3 39.75

[ask2lern]

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

Greece, Italy debt fears rock indexes

Yesterday's session began sharply on the downside but, at the end of the day, the markets rebounded on hopes of progress on efforts to address the Greek debt crisis.

After the close those hopes was eclipsed by Moody's downgrade of the sovereign credit rating of Italy by one level, to "A" from "A+". That sent futures down nearly a percent by the middle of the Asia-Pacific session.

In terms of levels, there are not a lot of changes from where we started yesterday. Within the next two days we may see additional volatility as traders try to price in what the Fed may do.

In the case of the S&P 500, support is at 1192.89, then its 10-day moving at 1185.70 and at 1162.52. Resistance is at 1220.10.

The Russell 2000 has support at 696.49, its 10-day moving average, then at 681.43 and 664.93. Resistance is at 718.59, then at 724.71.

Nasdaq 100 (NDX)
First support is at 2284.66. First resistance is at 2318.20

For the PowerShares QQQ (QQQ) first support is at $56.08. First resistance is at $56.87.

[ask2lern]

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


Light calender includes retail, housing


Today's economic calendar is light, with the regular weekly retail numbers and housing starts. The heaviest day of the week for reports will be Thursday, which may also be an exceptionally busy depending on what the Fed signals.

At 7:45 a.m. ET, the weekly ICSC/Goldman Store Sales report will be released. There are two parts to the report, the week-over-week and year-over-year comparisons. Most traders focus on the year-over-year number because it is a better indicator of the longer-term trend.

The last week-over-week reading was 1.3 percent, while the year-over-year number was 3.3 percent. Stronger-than-expected positive readings would be seen as bullish, while negative numbers would be bearish.

Housing Starts will be released at 8:30 a.m. ET. The forecast calls for starts to fall to 0.59 million units. Estimates range from a bearish 0.57 million units to a bullish 0.66 million units.

The weekly Redbook Store Sales will be reported at 8:55 a.m. ET. As with the ICSC-Goldman report, there are two components to watch. One is the more volatile month-over-month comparison, and the other is the year-over-year reading, which shows the broader trend best.

The last month-over-month change was 0.2 percent. The previous report's year-over-year data showed a gain of 4.5 percent. Negative numbers in either series would be bearish

[Rich]

still ambivalent about today, wants to go up but I fear the smackdown.

[Clinton SPX]

futures traders get all the good swings

[Clinton SPX]

housing starts and red book before open today

[Clinton SPX]

housing worse than expected permits better than expected

[timber]

the numbers werent too bad

[Clinton SPX]

they are really trying to rig a rally today

lots of pressure on dxy today

[timber]

as long as the bulls hold 1204 bernanke has the day tomorrow

[Clinton SPX]

Swiss Franc Plunges On Rumor EURCHF Peg To Be Widened To 1.25
Submitted by Tyler Durden on 09/20/2011 - 08:46
Swiss Franc


To anyone short the USD/EUR-CHF who just went to the bathroom a minute ago, our condolences. The rumor is that the SNB will expand its EURCHF peg to 1.25 tomorrow. Completely unfounded of course. It may just as easily be another forceful intervention round. Or just plain and simple central planner rumor mongering: as noted, Swiss August exports plunged and Hildebrand will take any help he can get.

[Clinton SPX]

IMF Cuts Global Growth Outlook, Says Europe May Worsen Outlook
Submitted by Tyler Durden on 09/20/2011 - 09:06
European Central Bank headlines International Monetary Fund
Flurry of headlines following an unscheduled IMF release:

IMF CUTS GLOBAL GROWTH ESTIMATE, SAYS EUROPE MAY WORSEN OUTLOOK
IMF SAYS DOWNSIDE RISKS ARE GROWING
IMF SAYS ECB SHOULD CUT INTEREST RATES IF DEBT TENSIONS PERSIST
IMF CUTS U.S. 2011 GROWTH ESTIMATE TO 1.5% VS 2.5% SEEN IN JUNE
IMF CUTS U.S. 2012 GROWTH ESTIMATE TO 1.8% VS 2.7% SEEN IN JUNE
IMF CUTS 2012 EURO-AREA GROWTH PREDICTION TO 1.1% VS 1.7%/JUNE
IMF CUTS 2011 WORLD GROWTH FORECAST TO 4% FROM 4.3% IN JUNE
IMF CUTS 2012 WORLD GROWTH FORECAST TO 4% FROM 4.5% IN JUNE
IMF SAYS ECB MUST KEEP INTERVENING `STRONGLY' IN DEBT MARKETS
IMF CUTS SPANISH GROWTH FORECAST FOR 2012 TO 1.1%

[Clinton SPX]

Im thinking this is the high for the day

[timber]

you might be right....lets see after 1030

[Clinton SPX]

GLD trending up
Transports trending down

[Rich]

nice call there Clinton

[Clinton SPX]

bloomberg keeps talking about the fed stimulus thats coming.
makes me think its priced in and they sell the news

[Clinton SPX]

Sept 20, 2011 8:53:49 GMT -5 Rich said:

nice call there Clinton

still time to be wrong

but none of my avg ups filled

[Clinton SPX]

BNP Freefalling
Submitted by Tyler Durden on 09/20/2011 - 09:55
International Monetary Fund


Well, as expected, the Chinese news finally filtered through to the vacuum tubes. It took them a few hours... But it is finally there. BNP is down 7.3% at last check and tumbling. Comments from the IMF, which is always behind the curve, are not helping.

[Clinton SPX]

cac went red DOH

[Clinton SPX]

we did not properly gap fill yesterday soooooo looks like we do today

[ask2lern]

Just a reminder..............VIX Sep futures expire tomorrow morning....................

[timber]

my thoughts are that hedgies are covering before the bernanke....10.30 usually gives direction

[Clinton SPX]

little bit farther and spy gap will be filled

[timber]

your not worried about bernanke then clinton

[Clinton SPX]

not really im short fins long oil

[Clinton SPX]

Im more worried about oil becoming a broken trade.

[timber]

oil is moving up with gold and vix is almost under 30 the bulls super buy point

[Clinton SPX]

plus theres talk of what the bernank plans on doin may hurt banking profits