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Post by ask2lern on Sept 23, 2011 5:42:52 GMT -5
Good Morning Gang
Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1793.30
R2 1765.00
R1 1751.10
PP 1736.70
S1 1722.80
S2 1708.40
S3 1680.10
SILVER
R3 40.18
R2 38.21
R1 37.08
PP 36.24
S1 35.11
S2 34.27
S3 32.30
IWM
R3 69.57
R2 67.14
R1 65.94
PP 64.71
S1 63.51
S2 62.28
S3 59.85
TNA
R3 41.66
R2 37.30
R1 35.70
PP 33.74
S1 31.74
S2 29.78
S3 25.82
TZA
R3 64.93
R2 59.47
R1 56.75
PP 54.01
S1 51.29
S2 48.55
S3 43.09
SDS
R3 28.22
R2 27.00
R1 26.36
PP 25.78
S1 25.14
S2 24.56
S3 23.34
SSO
R3 41.78
R2 39.79
R1 38.82
PP 37.80
S1 36.83
S2 35.81
S3 33.82
…………………………..GLTA
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Post by ask2lern on Sept 23, 2011 5:44:55 GMT -5
From www.optionmonster.com ............................GLTA Where do major indexes stand now?Yesterday the indexes had another extraordinary range day. These have been so frequent that traders are becoming somewhat used to them, but swings that are greater than 4 percent are obviously not normal behavior. Personally, I am trying to decide if this is the "new normal" without a clear end in sight. If that is the case, we will all need to adapt our strategies and trading tactics. At one point it did look as if all the indexes would hit new lows for the year. In the end just one of them did, the Russell 2000, which has been weak technically against its peers. While the RUT did not suffer as heavily on the day as the other indexes, it did briefly take out its August low at 639.85. It does have a bearish pattern in progress now that could suggest much deeper weakness to come. The critical level on the topside is the 660 area. A move that sticks above that area would render the current pattern inactive. Conversely, a strong move well below 639.85 could be the trigger for an acceleration to the downside. In the S&P 500, the bearish "flag" pattern we noted earlier in the week became active yesterday.The one index still holding up relatively well despite the downdraft is the Nasdaq 100. It managed to climb back above the low of its bullish price channel after breaking below it on an intraday basis. Whether it can maintain that more relatively bullish posture for long remains to be seen. All of the indexes get fresh levels for the day. In light of the potential for bigger price swings, I am foregoing index ETFs because trading distortions make levels too erratic to be reliable. That in and of itself tells us something important about current conditions. For the Nasdaq 100, first support is at 2151.18, then at 2212.84, and 2082.04. First resistance is at 2198.58, and then at 2225.40. While it has been stronger technically than the S&P 500 and the Russell 2000, the breakdown below the bullish price channel yesterday was the Nasdaq 100's first sign of weakness since the August lows. Support for the S&P 500 is at 1114.52, the low of yesterday's session. On a break below 1114.52, next supports would be at 1101.54, the August low, and then 1082.62. Resistance is at 1136.07, then 1150.70 and 1162.52. These new resistance levels were all support levels that were violated yesterday. The Russell 2000 has support at 634.71, yesterday's low. On a break down below that level, next support would be at 624.52, 616.76, and 605.69. Resistance is at 651.34, then 661.94, 681.43, and 692.91 on an extended move. The Russell tends to exhibit greater volatility, so we need to give it more latitude than the other indexes. |
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Post by timber on Sept 23, 2011 5:56:48 GMT -5
we might hit the 1101 today im thinking
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Post by kryptos2009 on Sept 23, 2011 6:30:31 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=11.54 MP=11.64 R1=11.73 MP=11.82 R2=11.91 MP=12.09 R3=12.28 MP=12.46 R4=12.65 MP=11.45 S1=11.36 MP=11.27 S2=11.17 MP=10.98 S3=10.80 MP=10.61 S4=10.43 O=11.62 H=11.71 L=11.34 C=11.56 FAS PP=10.20 MP=10.43 R1=10.66 MP=10.89 R2=11.11 MP=11.57 R3=12.02 MP=12.48 R4=12.93 MP=9.98 S1=9.75 MP=9.52 S2=9.29 MP=8.84 S3=8.38 MP=7.93 S4=7.47 O=10.48 H=10.66 L=9.75 C=10.2 FAZ PP=71.47 MP=72.87 R1=74.26 MP=75.72 R2=77.17 MP=80.02 R3=82.87 MP=85.72 R4=88.57 MP=70.02 S1=68.56 MP=67.17 S2=65.77 MP=62.92 S3=60.07 MP=57.22 S4=54.37 O=69.76 H=74.39 L=68.69 C=71.34 SPY PP=112.79 MP=113.54 R1=114.28 MP=114.99 R2=115.70 MP=117.16 R3=118.61 MP=120.07 R4=121.52 MP=112.08 S1=111.37 MP=110.63 S2=109.88 MP=108.43 S3=106.97 MP=105.52 S4=104.06 O=113.25 H=114.21 L=111.3 C=112.86 SPG PP=110.97 MP=111.81 R1=112.65 MP=113.57 R2=114.49 MP=116.25 R3=118.01 MP=119.77 R4=121.53 MP=110.05 S1=109.13 MP=108.29 S2=107.45 MP=105.69 S3=103.93 MP=102.17 S4=100.41 O=110.05 H=112.8 L=109.28 C=110.82 GS PP=93.80 MP=95.01 R1=96.21 MP=97.32 R2=98.43 MP=100.75 R3=103.06 MP=105.38 R4=107.69 MP=92.69 S1=91.58 MP=90.38 S2=89.17 MP=86.86 S3=84.54 MP=82.23 S4=79.91 O=95.96 H=96.03 L=91.4 C=93.98 JPM PP=29.14 MP=29.45 R1=29.76 MP=30.00 R2=30.24 MP=30.79 R3=31.34 MP=31.89 R4=32.44 MP=28.90 S1=28.66 MP=28.35 S2=28.04 MP=27.49 S3=26.94 MP=26.39 S4=25.84 O=29.35 H=29.63 L=28.53 C=29.27 MS PP=12.96 MP=13.19 R1=13.42 MP=13.61 R2=13.79 MP=14.20 R3=14.62 MP=15.03 R4=15.45 MP=12.78 S1=12.59 MP=12.36 S2=12.13 MP=11.71 S3=11.30 MP=10.88 S4=10.47 O=13.27 H=13.32 L=12.49 C=13.06 C PP=24.05 MP=24.48 R1=24.90 MP=25.38 R2=25.85 MP=26.75 R3=27.65 MP=28.55 R4=29.45 MP=23.58 S1=23.10 MP=22.68 S2=22.25 MP=21.35 S3=20.45 MP=19.55 S4=18.65 O=24.57 H=24.99 L=23.19 C=23.96 VIX PP=41.52 MP=42.61 R1=43.70 MP=44.88 R2=46.06 MP=48.33 R3=50.60 MP=52.87 R4=55.14 MP=40.34 S1=39.16 MP=38.07 S2=36.98 MP=34.71 S3=32.44 MP=30.17 S4=27.90 O=41 H=43.87 L=39.33 C=41.35 UUP PP=22.25 MP=22.29 R1=22.33 MP=22.36 R2=22.39 MP=22.46 R3=22.53 MP=22.60 R4=22.67 MP=22.22 S1=22.19 MP=22.15 S2=22.11 MP=22.04 S3=21.97 MP=21.90 S4=21.83 O=22.26 H=22.32 L=22.18 C=22.26 FROM: www.econoday.comEconomic Events & Analysis - 09/23/2011 Friday1:30 PM ET William C. Dudley Speaks 2:45 PM ET John Williams 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. |
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Post by ask2lern on Sept 23, 2011 7:33:44 GMT -5
DougKass Douglas Kass
I am buying Spiders into the swoosh lower in premarket at 111.20 - I havent been long in over a week but stepping in slowly now
17 minutes ago Favorite Retweet Reply
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Post by Clinton SPX on Sept 23, 2011 8:11:39 GMT -5
DougKass Douglas Kass I am buying Spiders into the swoosh lower in premarket at 111.20 - I havent been long in over a week but stepping in slowly now 17 minutes ago Favorite Retweet Reply go dougie. i see these futures were very green at 430AM |
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Post by maxi on Sept 23, 2011 8:15:15 GMT -5
Futures bobbing around like something bit them. I woke up at5:40 and it was around -117 then -98 I made tea come back in they are almost even and now as I write -41. Bear market anyone?
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Post by timber on Sept 23, 2011 8:16:32 GMT -5
art thinks choppy friday following by capitualtion selling monday and tuesday  |
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Post by timber on Sept 23, 2011 8:17:54 GMT -5
im buying the dollar today
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Post by Clinton SPX on Sept 23, 2011 8:22:30 GMT -5
XLF looks like its not going to gap down much. I hope this is a sign for a bounce today
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Post by timber on Sept 23, 2011 8:28:46 GMT -5
i think cash is king right here...longs and shorts will be moving to cash for the weekend imf meetings  |
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Post by Clinton SPX on Sept 23, 2011 8:44:45 GMT -5
"and the third day is when dumb money sells" I hope Fitz is right
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Post by rex on Sept 23, 2011 8:52:33 GMT -5
"and the third day is when dumb money sells" I hope Fitz is right Yesterday was the 4th day down in a row, therefore, Weds. would have been the "dumb money". |
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Post by crumbdon on Sept 23, 2011 8:55:34 GMT -5
Alright, which one of you jokers gave BAC the Viagra today? It hit +3% while we were still slightly red,LOL!  Looks like it's being cleverly throttled (manipulated) to keep fins from running of a cliff today. As market rises, it pulls back gently, as market falls back, it gets lifted again, rinse, repeat.... Kinda funny. |
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Post by Clinton SPX on Sept 23, 2011 8:57:06 GMT -5
Dick Bove was using the "pump"
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Post by crumbdon on Sept 23, 2011 8:59:34 GMT -5
Dick Bove was using the "pump" What did you say his name was again?  |
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Post by timber on Sept 23, 2011 9:05:59 GMT -5
Alright, which one of you jokers gave BAC the Viagra today? It hit +3% while we were still slightly red,LOL! Looks like it's being cleverly throttled (manipulated) to keep fins from running of a cliff today. As market rises, it pulls back gently, as market falls back, it gets lifted again, rinse, repeat.... Kinda funny. bac downgraded its forcast today too ;D |
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Post by Clinton SPX on Sept 23, 2011 9:31:42 GMT -5
Airlines on the move
cheap oil stimulus starting to work maybe
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Post by Clinton SPX on Sept 23, 2011 9:35:38 GMT -5
transports above the 50ma 10
rally hangin by a thread though
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Post by rex on Sept 23, 2011 9:36:50 GMT -5
This is the kind of day where they should put out a real quick good news rumor to screw the shorts. Any good news flash and I think the markets go zoom!
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Post by Clinton SPX on Sept 23, 2011 9:42:51 GMT -5
Really! BAC C TRANSPORTS green
lets go mr market
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Post by Clinton SPX on Sept 23, 2011 9:50:49 GMT -5
transports just confirmed bullish trend
now go sucka!!
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Post by rex on Sept 23, 2011 9:56:18 GMT -5
Gotta get thru 1136 R.
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Post by Clinton SPX on Sept 23, 2011 10:06:30 GMT -5
GooG HOD
thats what i want to see
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Post by Clinton SPX on Sept 23, 2011 10:17:07 GMT -5
Im going to start buying airlines for a scalp every time my oilers get hammered. They always seem to bounce first
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Post by Clinton SPX on Sept 23, 2011 10:18:38 GMT -5
DJ Sen. Reid Initiates Vote on Stopgap Spending Bill (H)
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Post by Clinton SPX on Sept 23, 2011 10:20:37 GMT -5
Im going to start buying airlines for a scalp every time my oilers get hammered. They always seem to bounce first DAL UAL LCC all +5% |
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Post by Clinton SPX on Sept 23, 2011 10:26:59 GMT -5
wow scco is rallying, thats cool
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Post by Clinton SPX on Sept 23, 2011 10:38:40 GMT -5
BBL
GL Traders
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Post by novice08 on Sept 23, 2011 10:55:37 GMT -5
wow scco is rallying, thats cool Hit 52-wk. low yesterday. |
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