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Post by ask2lern on Sept 30, 2011 6:39:48 GMT -5
Good Morning Gang Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1673.77 R2 1645.57 R1 1631.23
PP 1617.37
S1 1603.03 S2 1589.17 S3 1560.97
SILVER
R3 33.41 R2 31.98 R1 31.38
PP 30.55
S1 29.95 S2 29.12 S3 27.69
IWM
R3 71.21 R2 68.56 R1 67.44
PP 65.91
S1 64.79 S2 63.26 S3 60.61
TNA
R3 43.14 R2 39.34 R1 37.83
PP 35.54
S1 34.03 S2 31.74 S3 27.94
TZA
R3 62.09 R2 55.82 R1 52.18
PP 49.55
S1 45.19 S2 43.28 S3 37.01
SDS
R3 27.54 R2 25.95 R1 25.12
PP 24.36
S1 23.53 S2 22.77 S3 21.18
SSO
R3 44.85 R2 42.34 R1 41.15
PP 39.83
S1 38.64 S2 37.32 S3 34.81
…………………………..GLTA
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Post by ask2lern on Sept 30, 2011 6:42:08 GMT -5
From www.optionmonster.com ....................GLTA Levels nearly static despite wild rideThe indexes went on yet another wild ride yesterday in what is beginning to sound like an uncomfortably familiar story. There was a large gap up this morning based on a strong push from the futures. That was based partly on Germany's approval of the European Financial Stability Fund, but more so because of economic data that came in slightly better than expected. This appeared to support the notion that the tape was "tinder dry" and would ignite higher on any good news. Then for the third time this week, the market reversed and headed south--not just mildly lower, but significantly below the lows of this week so far. However, just as it appeared that the bears had snatched defeat from the jaws of victory, the selling pressure vanished. Within the 90 minutes of trading, most of the losses outside of tech stocks were erased for the day. The financial sector traded exactly as tech stocks once did, retracing the highs to lows of the days and then back again. The Russell 2000's action was even more extraordinary. The small-cap index went from nearly 2 percent higher to more than 1.5 percent lower, then back up more than 1.5 percent by day's end. One reason for its behavior may be that the low of the day, at 645.33, happened to be very close to the lows of a two-month-long trading range. The RUT reacted very strongly off that level, pushing the index very close to the highs of the day. This is typical of the "sell range highs, buy range lows" behavior that has gone on since the second week of August. After all that, there are surprisingly few changes to our levels for today--which certainly would not have been the case if the indexes had ended the session at their lows. For all its gyrations, the Nasdaq 100 swaps only one level, as its first support from yesterday becomes resistance today. Moving-average levels for the index have also been updated. The S&P 500 failed to move sufficiently to change levels other than its moving averages. Similarly, the Russell 2000 managed to break its first resistance level by less than one point. I am therefore changing that level only slightly and updating moving averages. There is, however, a potential bearish signal developing in the index. A quick look at the Russell 2000's chart shows that a base of sorts is forming at the 640 area. There is a downward-sloping appearance to the highs hit at the end of August that could have bearish implications, especially if that 640 level is broken. For the Nasdaq 100, first support is at 2151.18, then at 2139.58. First resistance is at 2212.84, then 2225.40, and thereafter at 2227.23, its 50-day moving average. On a break above that moving average, next resistance is at 2246.68, its 10-day moving average. In the case of the S&P 500, support is at 1150.70, then at 1135.91, and thereafter at 1114.52. Resistance is at 1170.47, its 10-day moving average. On a break above that 10-day line, resistance is at 1200.76, its downtrending 50-day moving average. The Russell 2000 has support at 634.71 and then at 624.52, which would be a new 52-week low. Next support would be at 611.66. Resistance is at 666.01, and then at 672.75, its 10-day moving average. On a break above the 10-day line, resistance would be at 701.55. The Russell tends to exhibit greater volatility than the other indexes, so we need to give it more latitude.
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Post by ask2lern on Sept 30, 2011 6:43:31 GMT -5
From www.optionmonster.com .....................GLTA Calendar focuses on consumer, PMIThe economic calendar is short today but includes Chicago purchasing managers data and the last revision to consumer sentiment for the month. Personal Income and Outlays data will be released at 8:30 a.m. ET. Incomes are expected to rise by 0.1 percent, while spending is expected to grow by 0.2 percent. That could be seen as a negative since the faster spending moves ahead of income, the more likely it is to see a spending slowdown at some point in the future. Estimates for incomes range from a bearish -0.1 percent to a bullish 0.3 percent. For spending, the range is from 0.1 percent to 0.4 percent. A widening gap between income and spending is potentially bearish. As long as incomes keep pace with spending, it is considered neutral to bullish. At 9:45 a.m. ET, the Chicago Purchasing Managers Index, or PMI, will be released. The expectation is for a small drop to 55.4 from last month's reading of 56.5. Estimates range from a bearish 52 to a bullish 58. At 9:55 a.m. ET, the final revision to September's Reuters/University of Michigan Consumer Sentiment Index will be released. As the number is a final one, there is far less expectation for a big move from the last reading at mid-month. Consensus calls for the index to come in at 57.8, in line with the last result. The range is from a bearish 56 to a bullish 59.
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Post by ask2lern on Sept 30, 2011 6:45:40 GMT -5
tlmontana Madison Montana!! SPY Levels of interest 114.10 and 115.57 Pre-market. China PMI under 50 making markets nervous. 19 seconds ago Favorite Retweet Reply
She has been spot on with her #'s and SPY if you are on twitter and trade spy she is a MUST follow IMO......................GLTA
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Post by Clinton SPX on Sept 30, 2011 7:06:22 GMT -5
ECRI's Achutan Says US Is "Entering A New Recession" Submitted by Tyler Durden on 09/30/2011 - 07:59 Reality Recession Last year the ECRI index was the bete noir leading indicator of the market: while the index clearly indicated the US had entered a recession, its creator Lakshman Achutan consistently refuted the findings of the index, instead pushing a contrary view that the US was in fact growing. Then came QE2 and with it s 9 month suspension of reality. That time is over, as is Achutan's ongoing attempt to deny facts. As of a minutes ago, the ECRI's head told Bloomberg Radio that the U.S. is "tipping into a new recession." "He added: "We don’t make these calls lightly. When we make them, it’s because there’s an overwhelming objective message coming out of our forward-looking indicators. What is going on with the leading indicators is wildfire; it’s not reversible.” As Zero Hedge first said months ago, when it finally extracts its head from between its gluteui maximus, we expet the NBER to proclaim the re-recession as having started in June/July.
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Post by Clinton SPX on Sept 30, 2011 7:09:57 GMT -5
A day after we learned that the Greece tragicomedy just gets better and better after it had run out of ink to print tax forms, and hence is unable to collect taxes, and were forced to got over a minute long bout of hysterical laughter having learned that Greece plans on refinancing its rolling debt (which trades at over 100%) with Century Bonds, no seriously and this under the sage advice of BNP Paribas, Deutsche Bank, HSBC and Lazard, we now get the latest update in this progression of relentless Banana Republic upgrades after learning that the Troika is unable to conduct its much needed inspections of Greek deficit cut progress due to sit ins by protesting government workers at 8 ministries. From Kathimerini: "The troika has been in Athens since Wednesday but its monitoring of Greek finances is running into a variety of problems, as besides the disagreement with the government on a number of issues, the representatives of the country’s international creditors had to deal with sit-ins at the building they were about to visit on Thursday. Public sector employees blocked the entrance to the Finance Ministry and the Hellenic Statistical Authority (ELSTAT) in protest at the planned measure of putting thousands of them on labor standby status." Seriously what else? News that government workers start shredding debt indentures for fun? In the meantime the Troika is having official meetings with what's left of the government at the local Starbucks...
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Post by kryptos2009 on Sept 30, 2011 7:16:07 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=12.16 MP=12.28 R1=12.40 MP=12.49 R2=12.57 MP=12.77 R3=12.98 MP=13.18 R4=13.39 MP=12.08 S1=11.99 MP=11.87 S2=11.75 MP=11.54 S3=11.34 MP=11.13 S4=10.93 O=12.22 H=12.32 L=11.91 C=12.24 FAS PP=11.51 MP=11.82 R1=12.13 MP=12.34 R2=12.54 MP=13.05 R3=13.57 MP=14.08 R4=14.60 MP=11.31 S1=11.10 MP=10.79 S2=10.48 MP=9.96 S3=9.45 MP=8.93 S4=8.42 O=11.73 H=11.91 L=10.88 C=11.73 FAZ PP=61.76 MP=62.99 R1=64.21 MP=66.06 R2=67.90 MP=70.97 R3=74.04 MP=77.11 R4=80.18 MP=59.92 S1=58.07 MP=56.85 S2=55.62 MP=52.55 S3=49.48 MP=46.41 S4=43.34 O=60.45 H=65.46 L=59.32 C=60.51 SPY PP=115.87 MP=116.84 R1=117.81 MP=118.69 R2=119.57 MP=121.42 R3=123.27 MP=125.12 R4=126.97 MP=114.99 S1=114.11 MP=113.14 S2=112.17 MP=110.32 S3=108.47 MP=106.62 S4=104.77 O=117.05 H=117.63 L=113.93 C=116.05 SPG PP=112.36 MP=113.04 R1=113.72 MP=114.30 R2=114.87 MP=116.12 R3=117.38 MP=118.63 R4=119.89 MP=111.79 S1=111.21 MP=110.53 S2=109.85 MP=108.59 S3=107.34 MP=106.08 S4=104.83 O=113.28 H=113.5 L=110.99 C=112.58 GS PP=99.02 MP=99.93 R1=100.83 MP=101.32 R2=101.80 MP=103.19 R3=104.58 MP=105.97 R4=107.36 MP=98.54 S1=98.05 MP=97.15 S2=96.24 MP=94.85 S3=93.46 MP=92.07 S4=90.68 O=98.65 H=99.98 L=97.2 C=99.87 JPM PP=31.31 MP=31.75 R1=32.19 MP=32.59 R2=32.98 MP=33.82 R3=34.65 MP=35.49 R4=36.32 MP=30.92 S1=30.52 MP=30.08 S2=29.64 MP=28.81 S3=27.97 MP=27.14 S4=26.30 O=31.58 H=32.11 L=30.44 C=31.39 MS PP=14.90 MP=15.13 R1=15.35 MP=15.49 R2=15.62 MP=15.98 R3=16.34 MP=16.70 R4=17.06 MP=14.77 S1=14.63 MP=14.41 S2=14.18 MP=13.82 S3=13.46 MP=13.10 S4=12.74 O=14.65 H=15.16 L=14.44 C=15.09 C PP=26.69 MP=27.07 R1=27.45 MP=27.73 R2=28.01 MP=28.67 R3=29.33 MP=29.99 R4=30.65 MP=26.41 S1=26.13 MP=25.75 S2=25.37 MP=24.71 S3=24.05 MP=23.39 S4=22.73 O=26.83 H=27.24 L=25.92 C=26.9 VIX PP=39.62 MP=40.42 R1=41.22 MP=42.41 R2=43.59 MP=45.58 R3=47.56 MP=49.55 R4=51.53 MP=38.44 S1=37.25 MP=36.45 S2=35.65 MP=33.67 S3=31.68 MP=29.70 S4=27.71 O=38.62 H=42 L=38.03 C=38.84 UUP PP=22.07 MP=22.12 R1=22.16 MP=22.21 R2=22.25 MP=22.34 R3=22.43 MP=22.52 R4=22.61 MP=22.03 S1=21.98 MP=21.94 S2=21.89 MP=21.80 S3=21.71 MP=21.62 S4=21.53 O=22.03 H=22.15 L=21.97 C=22.08 FROM: www.econoday.comEconomic Events & Analysis - 09/30/2011 Friday8:30 AM ET Personal Income and Outlays 9:45 AM ET Chicago PMI 9:55 AM ET Consumer Sentiment 11:00 AM ET James Bullard 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 Clinton SPX on Sept 30, 2011 7:21:35 GMT -5
DXY 10m Attachments:
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Post by Clinton SPX on Sept 30, 2011 7:30:24 GMT -5
MS bad news today fins may not do so well today
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Post by Clinton SPX on Sept 30, 2011 7:32:13 GMT -5
wages and salary down .1%
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Post by Rich on Sept 30, 2011 8:02:45 GMT -5
I don't see the broccoli man
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Post by Clinton SPX on Sept 30, 2011 8:04:09 GMT -5
cant get an avatar to work
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Post by Rich on Sept 30, 2011 8:07:18 GMT -5
So you are still thinking btfd is in order?
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Post by Rich on Sept 30, 2011 8:12:32 GMT -5
no more chili for awhile I can't stand myself
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Post by Clinton SPX on Sept 30, 2011 8:13:56 GMT -5
So you are still thinking btfd is in order? No
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Post by Clinton SPX on Sept 30, 2011 8:14:17 GMT -5
Cover and reshort maybe
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Post by Clinton SPX on Sept 30, 2011 8:16:44 GMT -5
WTF my wife has an errand for me at 930-1020
really?
That time slot is not a good one
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Post by Rich on Sept 30, 2011 8:18:28 GMT -5
it sure feels like this is it, finally going to break down but it's felt like that so many times already.
Looking at the futures chart spx, each low has been lower than the last.
If this continues we will see below 1100 on this dip
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Post by Clinton SPX on Sept 30, 2011 8:26:33 GMT -5
XLF was up .5% AH last night. Nothing like starting the day 2% in the red. silly bulls
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Post by Rich on Sept 30, 2011 8:26:57 GMT -5
the honey-do list needs to be abolished
I made a strong stand against it last year
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Post by Clinton SPX on Sept 30, 2011 8:27:20 GMT -5
market better not low pivot till i get back
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Post by Rich on Sept 30, 2011 8:36:49 GMT -5
bot driven eod rally now negated.
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Post by Clinton SPX on Sept 30, 2011 9:19:47 GMT -5
SPXU in 17.99 out 19.61
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Post by Rich on Sept 30, 2011 9:30:19 GMT -5
Some one needs to sliick down the back of Buffet's hair.
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Post by Rich on Sept 30, 2011 9:33:46 GMT -5
the spx chart is all screwed up on freestock charts
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mihai
Broker/Dealer
2nd Place - Road to Opex 7
Posts: 433
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Post by mihai on Sept 30, 2011 9:36:10 GMT -5
Possible head and shoulders on the daily spy? At the second shoulder so might drop big right or just break pattern
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Post by Clinton SPX on Sept 30, 2011 9:41:13 GMT -5
Long TZA
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mihai
Broker/Dealer
2nd Place - Road to Opex 7
Posts: 433
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Post by mihai on Sept 30, 2011 10:52:35 GMT -5
I think that's going to be the HOD
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Post by Rich on Sept 30, 2011 10:56:10 GMT -5
the old chop and slop routine
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Post by Clinton SPX on Sept 30, 2011 11:08:49 GMT -5
dxy gonna make a move here
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