PPDT - 09/28/2011 Wednesday - PP-XLF = 12.34

[ask2lern]

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


GOLD


R3 1752.80
R2 1706.70
R1 1678.70

PP 1660.60

S1 1632.60
S2 1614.50
S3 1568.40


SILVER

R3 35.51
R2 33.81
R1 32.89

PP 32.11

S1 31.19
S2 30.41
S3 28.71


IWM

R3 72.39
R2 70.27
R1 69.04

PP 68.15

S1 66.92
S2 66.03
S3 63.91




TNA

R3 46.71
R2 43.19
R1 41.14

PP 39.67

S1 37.62
S2 36.15
S3 32.63



TZA

R3 54.59
R2 49.92
R1 48.01

PP 45.25

S1 43.34
S2 40.58
S3 35.91


SDS

R3 25.80
R2 24.66
R1 24.19

PP 23.52

S1 23.05
S2 23.38
S3 21.24


SSO

R3 45.05
R2 43.18
R1 42.09

PP 41.31

S1 40.22
S2 39.44
S3 37.57

…………………………..GLTA

[ask2lern]

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

Bank reversal cuts into index gains
The indexes took off like a shot early yesterday, fueled by hopes that Europe was somehow on the threshold of solving its debt crisis.

The ranges were extreme, with the Russell 2000 trading nearly 4 percent higher at one point. The S&P 500 was up more than 3 percent at its best levels of the day.

However, closing on the day's highs was not in the cards. At one point late in the session it looked as if the Nasdaq 100 was about to go flat if not down on the day, a microcosm of how wild the price action was. A last-minute buying program took the indexes off their worst levels of the day.

The primary culprit for the decline was once again the financial sector. Selling in the banks, which had been big upside performers on the day, quickly brought the tape back down to earth. That is a sector that will need to be watched carefully in today's trading.

In the end, levels really did not move far enough for them to change substantially. There are updates only to the moving average values. We did see the Nasdaq 100 come very close to hitting the high of its resistance range, but that move did not last. It is now stuck in between its 50-day and 200-day moving averages.

For the Nasdaq 100, first support is at 2225.40, then 2212.84, and 2151.18. First resistance is at 2236.39, its 50-day moving average. On a breakout above that moving average, next resistance is at 2258.76, its 10-day moving average, and then at 2292.08, its 200-day moving average.

In the case of the S&P 500, support is at 1150.70, then at 1131, and 1114.52. Resistance is at 1179.11, its 10-day moving average. On a breakout above that moving average, resistance is at 1207.58, its downtrending 50-day moving average.

The Russell 2000 has support at 661.94 and then at 634.71, the low of last Thursday's session, and at 624.52. Resistance is at 683.04, its 10-day moving average, then at 701.55. The Russell tends to exhibit greater volatility, so we need to give it more latitude.

[ask2lern]

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

Bernanke, mortgages, oil on calendar

Today's economic calendar includes the weekly mortgage release and oil inventories, as well as durable goods data. Federal Reserve Chairman Ben Bernanke will speak at 5 p.m. ET.

At 7 a.m. ET, MBA Purchase Applications will be released. Economists do not make forecasts available for this report. I look only at its purchases component because it indicates fresh economic activity, as opposed to refinancing.

Last week's purchases came in at 172.2. A reading that is higher by 5 percent or more would be bullish, while a number that is lower by the same margin could be bearish.

Durable Good Orders will be reported at 8:30 a.m. ET. There are two components to the report: The so-called headline number, which includes transportation orders, while the other does not.

The consensus forecast for the headline number calls for growth of 0.2 percent, with estimates ranging from a bearish -1.5 percent to a bullish 2.7 percent. Without transportation, the consensus reading is -0.2 percent, with expectations ranging from a bearish -1.9 percent to a bullish 1 percent.

The EIA Petroleum Status Report will be released at 10:30 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 build of 0.773 million barrels. But the API release, which came out last night after the market closed, showed a build of 0.568 million barrels instead.

If the EIA data confirms this build number or shows an even larger one, it could be bearish for crude. If instead the build number is smaller than the API's 0.568 million barrels, or is a negative number indicating a draw, it could be bullish 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.

[ask2lern]

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 64 points or -4.88% downside to 1118 and 0.56% upside to 1182. $SPY
49 minutes ago Favorite Retweet Reply

[rex]

Sept 28, 2011 6:57:54 GMT -5 ask2lern said:

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 64 points or -4.88% downside to 1118 and 0.56% upside to 1182. $SPY
49 minutes ago Favorite Retweet Reply

That's quite a down side w/ little upside!

[cosmic]

They need to get the VIX fixed. Market will be unstable until it stays under 30.

Market doesn't want to be stable. See MBS

[Clinton SPX]

SPY is going to gap up to just under a double resistance so a likely hood of gap and crap is very high

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.34
MP=12.43 R1=12.52 MP=12.66 R2=12.79 MP=13.01 R3=13.24 MP=13.46 R4=13.69
MP=12.21 S1=12.07 MP=11.98 S2=11.89 MP=11.66 S3=11.44 MP=11.21 S4=10.99
O=12.48 H=12.6 L=12.15 C=12.26

FAS PP=12.10
MP=12.33 R1=12.55 MP=12.88 R2=13.21 MP=13.76 R3=14.32 MP=14.87 R4=15.43
MP=11.77 S1=11.44 MP=11.22 S2=10.99 MP=10.43 S3=9.88 MP=9.32 S4=8.77
O=12.41 H=12.75 L=11.64 C=11.9

FAZ PP=59.31
MP=61.04 R1=62.76 MP=63.93 R2=65.09 MP=67.98 R3=70.87 MP=73.76 R4=76.65
MP=58.15 S1=56.98 MP=55.26 S2=53.53 MP=50.64 S3=47.75 MP=44.86 S4=41.97
O=57.64 H=61.63 L=55.85 C=60.44

SPY PP=117.98
MP=118.55 R1=119.12 MP=119.91 R2=120.70 MP=122.06 R3=123.42 MP=124.78 R4=126.14
MP=117.19 S1=116.40 MP=115.83 S2=115.26 MP=113.90 S3=112.54 MP=111.18 S4=109.82
O=118.53 H=119.56 L=116.84 C=117.54

SPG PP=114.23
MP=114.92 R1=115.61 MP=116.62 R2=117.62 MP=119.32 R3=121.01 MP=122.71 R4=124.40
MP=113.23 S1=112.22 MP=111.53 S2=110.84 MP=109.15 S3=107.45 MP=105.76 S4=104.06
O=115.33 H=116.24 L=112.85 C=113.6

GS PP=100.80
MP=101.82 R1=102.83 MP=104.47 R2=106.10 MP=108.75 R3=111.40 MP=114.05 R4=116.70
MP=99.17 S1=97.53 MP=96.52 S2=95.50 MP=92.85 S3=90.20 MP=87.55 S4=84.90
O=101.2 H=104.08 L=98.78 C=99.55

JPM PP=31.98
MP=32.35 R1=32.72 MP=33.29 R2=33.86 MP=34.80 R3=35.74 MP=36.68 R4=37.62
MP=31.41 S1=30.84 MP=30.47 S2=30.10 MP=29.16 S3=28.22 MP=27.28 S4=26.34
O=32.62 H=33.13 L=31.25 C=31.57

MS PP=15.20
MP=15.40 R1=15.60 MP=15.91 R2=16.22 MP=16.73 R3=17.24 MP=17.75 R4=18.26
MP=14.89 S1=14.58 MP=14.38 S2=14.18 MP=13.67 S3=13.16 MP=12.65 S4=12.14
O=15.35 H=15.83 L=14.81 C=14.97

C PP=27.35
MP=27.66 R1=27.96 MP=28.44 R2=28.92 MP=29.71 R3=30.49 MP=31.28 R4=32.06
MP=26.87 S1=26.39 MP=26.09 S2=25.78 MP=25.00 S3=24.21 MP=23.43 S4=22.64
O=27.89 H=28.32 L=26.75 C=26.99

VIX PP=37.20
MP=38.14 R1=39.08 MP=39.77 R2=40.45 MP=42.08 R3=43.70 MP=45.33 R4=46.95
MP=36.52 S1=35.83 MP=34.89 S2=33.95 MP=32.33 S3=30.70 MP=29.08 S4=27.45
O=36.59 H=38.57 L=35.32 C=37.71

UUP PP=22.02
MP=22.06 R1=22.09 MP=22.12 R2=22.14 MP=22.20 R3=22.26 MP=22.32 R4=22.38
MP=22.00 S1=21.97 MP=21.94 S2=21.90 MP=21.84 S3=21.78 MP=21.72 S4=21.66
O=22 H=22.06 L=21.94 C=22.05

FROM: www.econoday.com

Economic Events & Analysis - 09/28/2011 Wednesday


7:00 AM ET MBA Purchase Applications
8:30 AM ET Durable Goods Orders
10:30 AM ET EIA Petroleum Status Report
1:00 PM ET 5-Yr Note Auction
5:00 PM ET Ben Bernanke 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.

[Clinton SPX]

big resist here

Attachments:

[ask2lern]

Sept 28, 2011 7:00:44 GMT -5 rex said:

Sept 28, 2011 6:57:54 GMT -5 ask2lern said:

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 64 points or -4.88% downside to 1118 and 0.56% upside to 1182. $SPY
49 minutes ago Favorite Retweet Reply

That's quite a down side w/ little upside!

If I recall last time he posted this type of range someone commented the same thing and it was a wild day swinging within the range..............not trading but I agree with Cos VIX up here is NOT going to provide smooth waters IMO.......................GLTA

[ask2lern]

Just looking at SPY 5MIN with the 200 SMA it has hit it on every candle since premarket but bounced.................Algo???..................GLTA

[ask2lern]

Ok looks like we get a pop..................

[Clinton SPX]

ben buying euros

[Clinton SPX]

i count 4 lines of resist overhead on spy. they better kill the dollar if they want to get over and up

[Clinton SPX]

You know if the greek bailout goes through it will inject massive liquidity in EU. Many say that will drop the euro anyway

[ask2lern]

Not 1 - $TICK in lst 15 min looks like only the boxes are trading at the moment...............weeeeeeeeee!!!

Ok got to run hope you all have a profitable day...........GLTA

[Clinton SPX]

spy at the neck tie

[Clinton SPX]

watch for dxy bounce here

[Clinton SPX]

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[Clinton SPX]

resist holding so far

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[Clinton SPX]

DJ MARKET TALK: S&P Equity Downgrades Royal Dutch Shell
1403 GMT [Dow Jones] S&P Equity Research downgrades Royal Dutch Shell (RDSB) to buy from strong buy and cuts the price target to EUR27.00 from EUR28.00. Says extreme market volatility is likely to continue and Shell's peers appear more attractively priced. Also, now thinks the increase in European refining margins in 3Q11 will be smaller than it previously expected. Shares trade 0.6% lower at EUR23.57 in Amsterdam.

[Clinton SPX]

should have bought TZA yesterday, that sucker is flying

[Clinton SPX]

orange line major support

but wont hold if dxy keeps rising

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[Clinton SPX]

wow market movers is bearish atm

[Clinton SPX]

dxy iH&S watch that neck line

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[Clinton SPX]

25 min till close, german market should flush out here

[Clinton SPX]

they are working hard to hold that orange line, im impressed

[Clinton SPX]

QQQ have traded 29M today to sit flat all day, really? seems fishy

[Clinton SPX]

This time when it test orange line I think it falls through

[Clinton SPX]

iH&S on dxy about to pop