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Post by ask2lern on Oct 6, 2011 6:19:39 GMT -5
Good Morning Gang
Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1715.03
R2 1673.93
R1 1658.77
PP 1632.83
S1 1617.67
S2 1591.73
S3 1550.63
SILVER
R3 33.56
R2 31.84
R1 31.23
PP 30.12
S1 29.51
S2 28.40
S3 26.68
IWM
R3 69.66
R2 67.45
R1 66.57
PP 65.24
S1 64.36
S2 63.03
S3 60.82
TNA
R3 40.57
R2 37.12
R1 35.80
PP 33.77
S1 32.45
S2 30.42
S3 27.07
TZA
R3 58.59
R2 53.59
R1 50.57
PP 48.59
S1 45.57
S2 43.59
S3 38.59
SDS
R3 28.02
R2 26.60
R1 25.70
PP 25.18
S1 24.28
S2 23.76
S3 22.34
SSO
R3 42.34
R2 40.26
R1 39.50
PP 38.18
S1 37.42
S2 36.10
S3 34.02
…………………………..GLTA
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Post by ask2lern on Oct 6, 2011 6:21:59 GMT -5
From www.optionmonster.com .........................GLTA Nasdaq 100 outpaces other indexesThe major indexes advanced yesterday on good but not heavy volume. The leader to the upside was the Nasdaq 100, fueled by takeover rumors involving heavily weighted Research In Motion, which gained more than 12 percent. Today we may revisit levels from early last week, presuming that there are no major downside catalysts. Each of the indexes made met or broke above their 10-day moving averages. The one exception could be the Nasdaq 100, depending on how traders react to the death of Apple co-founder Steve Jobs. The shares were halted on the news after the market closed yesterday, so we do not have an indication of where they may open today. Previous resistance now becomes support, though we did not plow through levels as we have in other recent sessions. Some of the resistance levels noted yesterday are still in play. Nasdaq 100 (NDX)First support is at is at 2151.18, then at 2139.58, and 2112.84. An extreme level is at 2082.04, which might be reached or exceeded depending on the reaction to Jobs' death. First resistance is at 2183.40, its 10-day moving average, then at 2204.21, its 50-day moving average, and 2290.44, its 200-day moving average. S&P 500 (SPX)Support is at 1141.44, the index's 10-day moving average, then 1136.43, 1114.52, and 1101.54. Resistance is at 1164.19 and then 1187.33, its 50-day moving average. Russell 2000 (RUT)The Russell 2000 has support at 651.69, its 10-day moving average, 634.71, and 624.52. Resistance is at 666.01, 689.24, and 694.70. |
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Post by ask2lern on Oct 6, 2011 6:23:27 GMT -5
From www.optionmonster.com ..........................GLTA Labor data, store sales lead calendarOnly one major economic report is on today's calendar, Jobless Claims, but we will also get more data on retail sales today. Chain Store Sales, also known as same-store sales, do not follow a set timetable. Each company releases its results separately, usually beginning very early in the pre-market and often continuing right up to the opening bell. The Retail HOLDRS and SPDR S&P Retail exchange-traded funds may be active during and after each company's report. Jobless Claims will be reported at 8:30 a.m. ET. The consensus forecast calls for claims to have risen to 410,000 from last week's 391,000. Estimates range from a bullish 385,000 to a bearish 440,000. |
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Post by timber on Oct 6, 2011 7:28:37 GMT -5
here we go......lets see what happens here
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Post by Clinton SPX on Oct 6, 2011 7:38:14 GMT -5
ECB Leaves Rate Unchanged At 1.50% - Full Statement
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Post by rex on Oct 6, 2011 7:41:55 GMT -5
Initial claims still over 400k yeah, let's rally! ECB leaves rates unchanged which evidentally means things aren't as bad over there as poeple thought, let's rally!!!
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Post by Clinton SPX on Oct 6, 2011 7:42:36 GMT -5
Hey did you hear Steve Jobs died?
Im Joking
What an endless loop on Bloomberg. sheesh
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Post by Clinton SPX on Oct 6, 2011 7:44:01 GMT -5
 Gap and Crap Baby, Gap and Crap! |
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Post by Clinton SPX on Oct 6, 2011 7:48:28 GMT -5
Lets get wicky Attachments:
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Post by Clinton SPX on Oct 6, 2011 7:57:18 GMT -5
Initial claims still over 400k yeah, let's rally! ECB leaves rates unchanged which evidentally means things aren't as bad over there as poeple thought, let's rally!!! And Mr Market knows about the planned layoffs coming down the time line. I just cant get bullish sorry guys |
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Post by Clinton SPX on Oct 6, 2011 7:58:06 GMT -5
Im gonna short some fins today
Let operation Twist make some money back for me
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Post by timber on Oct 6, 2011 8:00:31 GMT -5
The European Central Bank kept interest rates on hold on Thursday as broadly expected and is expected to launch a set of fresh liquidity measures to help banks to weather the euro zone’s worsening debt storm.
The ECB kept rates unchanged at 1.5% at its meeting in Berlin, the last for ECB President Jean-Claude Trichet before he hands over to Mario Draghi, currently Italy’s central bank governor.
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Post by Clinton SPX on Oct 6, 2011 8:03:05 GMT -5
The European Central Bank kept interest rates on hold on Thursday as broadly expected and is expected to launch a set of fresh liquidity measures to help banks to weather the euro zone’s worsening debt storm. The ECB kept rates unchanged at 1.5% at its meeting in Berlin, the last for ECB President Jean-Claude Trichet before he hands over to Mario Draghi, currently Italy’s central bank governor. Timber, this is NOTHING. They decided to do NOTHING for 30 days or more |
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Post by Rich on Oct 6, 2011 8:05:43 GMT -5
hey, Bloomberg went HD!
now I can see all that stunning red in spectacular clarity!
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Post by Clinton SPX on Oct 6, 2011 8:07:51 GMT -5
Euro Weakens as Trichet Sees ‘Intensified Downside Risks; Pound Tumbles
Q
By Keith Jenkins - Oct 6, 2011 8:57 AM ET
inShare
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Play Video
Oct. 6 (Bloomberg) -- John Brynjolfsson, chief investment officer at Armored Wolf LLC, discusses the outlook for the euro and today's European Central Bank interest-rate decision. He speaks with Francine Lacqua on Bloomberg Television's "The Pulse." (Source: Bloomberg)
The euro weakened toward a 10-year low against the yen and depreciated versus the dollar as European Central Bank President Jean-Claude Trichet said the region is facing “intensified downside risks.”
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Post by timber on Oct 6, 2011 8:10:11 GMT -5
its all up to the jobs number tomorrow.....i am now hearing its not going to be as bad as expected.....expectations are being lowered on everything now
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Post by timber on Oct 6, 2011 8:11:22 GMT -5
maybe a retest of 1100 or 1120 but i think the lows are in now
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Post by Clinton SPX on Oct 6, 2011 8:12:47 GMT -5
maybe a retest of 1100 or 1120 but i think the lows are in now Carter Worth and Dougie Cass said same thing in August. Doh! |
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Post by Clinton SPX on Oct 6, 2011 8:14:47 GMT -5
As a bear I like this spirit of bull flag on the dxy Attachments:
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Post by rex on Oct 6, 2011 8:16:58 GMT -5
its all up to the jobs number tomorrow.....i am now hearing its not going to be as bad as expected.....expectations are being lowered on everything now So, if the jobs number was expected to be "really bad", and I come out, lower my expectations and say it's going to be: Really, really, really bad, but it only comes out: really, really bad, then it will be better than expected, so we can rally? |
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Post by Clinton SPX on Oct 6, 2011 8:18:05 GMT -5
Day 3 is Dumb Money Bull day
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Post by Clinton SPX on Oct 6, 2011 8:20:15 GMT -5
Summarizing The ECB's Press Conference Disclosures
Submitted by Tyler Durden on 10/06/2011 - 08:57
European Central Bank fixed Germany Trichet
Update: "a word out of line" - Trichet says not appropriate to leverage the EFSF... Not what the market wanted to hear.
On one hand, the ECB keeps Germany happy with no rate cut, on the other, he promises as much liquidity as possible (but probably not enough - see below) and paints a very bleak picture of the economy in the period ahead. Bottom line: no recapitalization from the ECB, but the central bank will make rolling of existing debt as easy as possible, and allow insolvent European banks to pledge any assets they have for cool cash.
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Post by timber on Oct 6, 2011 8:20:44 GMT -5
its all up to the jobs number tomorrow.....i am now hearing its not going to be as bad as expected.....expectations are being lowered on everything now So, if the jobs number was expected to be "really bad", and I come out, lower my expectations and say it's going to be: Really, really, really bad, but it only comes out: really, really bad, then it will be better than expected, so we can rally? YES  ......now we are catching on  |
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Post by Clinton SPX on Oct 6, 2011 8:25:48 GMT -5
DJ Trichet: EBA Responsible For Bank Recapitalizations, Not ECB (H)
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Post by Rich on Oct 6, 2011 8:29:43 GMT -5
Last night, some guy on Bloomberg said the EU is going to get tired of propping up banks and start letting them fail.
He said Merkel will be the first to let the hammer drop.
Too many banks in Europe anyway, the propped up ones are taking business away from the good ones.
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Post by Rich on Oct 6, 2011 8:38:09 GMT -5
trans down at the open
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Post by Clinton SPX on Oct 6, 2011 8:38:30 GMT -5
Last night, some guy on Bloomberg said the EU is going to get tired of propping up banks and start letting them fail. He said Merkel will be the first to let the hammer drop. Too many banks in Europe anyway, the propped up ones are taking business away from the good ones. These are very socialist countries. They WILL nationalize these banks and wipe their shares out |
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Post by Clinton SPX on Oct 6, 2011 8:39:32 GMT -5
these pols have to run for office just like ours
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Post by Rich on Oct 6, 2011 8:39:43 GMT -5
dude said could be fully one third of them.
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Post by Clinton SPX on Oct 6, 2011 8:40:02 GMT -5
Merkels party has been getting their ass kicked just like our dems
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