PPDT - 10/05/2011 Wednesday - PP-XLF = 11.48

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=11.48
MP=11.75 R1=12.02 MP=12.16 R2=12.30 MP=12.71 R3=13.12 MP=13.53 R4=13.94
MP=11.34 S1=11.20 MP=10.93 S2=10.66 MP=10.25 S3=9.84 MP=9.43 S4=9.02
O=11.13 H=11.77 L=10.95 C=11.73

FAS PP=9.64
MP=10.25 R1=10.86 MP=11.19 R2=11.51 MP=12.45 R3=13.38 MP=14.32 R4=15.25
MP=9.32 S1=8.99 MP=8.38 S2=7.77 MP=6.84 S3=5.90 MP=4.97 S4=4.03
O=8.89 H=10.3 L=8.43 C=10.2

FAZ PP=71.25
MP=73.93 R1=76.61 MP=81.59 R2=86.57 MP=94.23 R3=101.89 MP=109.55 R4=117.21
MP=66.27 S1=61.29 MP=58.61 S2=55.93 MP=48.27 S3=40.61 MP=32.95 S4=25.29
O=77.46 H=81.2 L=65.88 C=66.66

SPY PP=110.78
MP=112.46 R1=114.14 MP=115.04 R2=115.93 MP=118.51 R3=121.08 MP=123.66 R4=126.23
MP=109.89 S1=108.99 MP=107.31 S2=105.63 MP=103.06 S3=100.48 MP=97.91 S4=95.33
O=108.35 H=112.58 L=107.43 C=112.34

SPG PP=108.40
MP=110.95 R1=113.49 MP=114.84 R2=116.18 MP=120.07 R3=123.96 MP=127.85 R4=131.74
MP=107.06 S1=105.71 MP=103.17 S2=100.62 MP=96.73 S3=92.84 MP=88.95 S4=85.06
O=105.09 H=111.1 L=103.32 C=110.79

GS PP=91.36
MP=94.90 R1=98.44 MP=100.38 R2=102.31 MP=107.78 R3=113.26 MP=118.73 R4=124.21
MP=89.43 S1=87.49 MP=83.95 S2=80.41 MP=74.93 S3=69.46 MP=63.98 S4=58.51
O=88.32 H=95.22 L=84.27 C=94.58

JPM PP=29.51
MP=30.35 R1=31.18 MP=31.64 R2=32.09 MP=33.38 R3=34.67 MP=35.96 R4=37.25
MP=29.06 S1=28.60 MP=27.77 S2=26.93 MP=25.64 S3=24.35 MP=23.06 S4=21.77
O=28.25 H=30.43 L=27.85 C=30.26

MS PP=13.20
MP=14.01 R1=14.82 MP=15.23 R2=15.63 MP=16.85 R3=18.06 MP=19.28 R4=20.49
MP=12.80 S1=12.39 MP=11.58 S2=10.77 MP=9.56 S3=8.34 MP=7.13 S4=5.91
O=11.9 H=14.01 L=11.58 C=14.01

C PP=23.44
MP=24.46 R1=25.48 MP=26.03 R2=26.57 MP=28.14 R3=29.70 MP=31.27 R4=32.83
MP=22.90 S1=22.35 MP=21.33 S2=20.31 MP=18.75 S3=17.18 MP=15.62 S4=14.05
O=22.56 H=24.53 L=21.4 C=24.39

VIX PP=42.57
MP=43.85 R1=45.13 MP=47.28 R2=49.43 MP=52.86 R3=56.29 MP=59.72 R4=63.15
MP=40.42 S1=38.27 MP=36.99 S2=35.71 MP=32.28 S3=28.85 MP=25.42 S4=21.99
O=46.18 H=46.88 L=40.02 C=40.82

UUP PP=22.48
MP=22.52 R1=22.56 MP=22.63 R2=22.69 MP=22.80 R3=22.90 MP=23.01 R4=23.11
MP=22.42 S1=22.35 MP=22.31 S2=22.27 MP=22.17 S3=22.06 MP=21.96 S4=21.85
O=22.55 H=22.62 L=22.41 C=22.42

FROM: www.econoday.com

Economic Events & Analysis - 10/05/2011 Wednesday


7:00 AM ET MBA Purchase Applications
7:30 AM ET Challenger Job-Cut Report
8:15 AM ET ADP Employment Report
10:00 AM ET ISM Non-Mfg Index
10:30 AM ET EIA Petroleum Status Report


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.

[elle]

Squirrel Droppings: Expecting usual 10:00 sell, but if hold C's at 1119 or 1095, obviously a big if, I think we could go somewhere. Do you think 1140's, 1150's out of question? If you ask me, the fill of 1090 gap was a wery big deal.

We have had a C that has been overhead R for a couple weeks, but we move beyond it Thursday.

b/o b/t 1114

[ask2lern]

Thanks Kryptos!!!!!

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


GOLD


R3 1750.03
R2 1687.93
R1 1654.57

PP 1625.83

S1 1594.47
S2 1563.73
S3 1501.63


SILVER

R3 33.90
R2 31.87
R1 31.10

PP 29.84

S1 29.07
S2 27.81
S3 25.78


IWM

R3 71.48
R2 67.50
R1 66.15

PP 63.52

S1 62.17
S2 59.54
S3 55.56




TNA

R3 44.03
R2 37.50
R1 35.28

PP 30.97

S1 28.75
S2 24.44
S3 17.91



TZA

R3 83.43
R2 68.84
R1 59.21

PP 54.25

S1 44.62
S2 39.66
S3 25.07


SDS

R3 31.62
R2 29.07
R1 27.42

PP 26.52

S1 24.87
S2 23.97
S3 21.42


SSO

R3 42.98
R2 39.64
R1 38.44

PP 36.30

S1 35.10
S2 32.96
S3 29.62

…………………………..GLTA

[ask2lern]

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

Market bounce reverses index levels

The S&P 500 and the Nasdaq 100 both ended the day up more than 2 percent as the market made a sharp reversal upward in the final hour of trading. Some stocks, such as Morgan Stanley, had greater than 20 percent combined price swings--from peak to trough--in the course of the session.

The Russell 2000 broadly outpaced the other indexes yesterday, closing higher by more than 6 percent and 4 percent, respectively.

The S&P 500 and Russell 2000 essentially reversed all of their resistance levels, which become supports for today. For the Nasdaq 100 today, support and resistance levels move up a notch.

Note that the moving averages have come back into play for the indexes.

For the Nasdaq 100, first support is at 2112.84, then 2082.04, and 2054.61. First resistance is at 2139.58, then 2151.18, and 2190.95, its 10-day moving average.

In the case of the S&P 500, support is at 1114.52, then 1101.54, and 1091.15. Resistance is at 1143.71, its 10-day moving average, then 1187.33, its 50-day moving average.

The Russell 2000 has support at 634.71, 624.52, and 611.66. Resistance is at 652.33, its 10-day moving average, then 666.01, and 689.24.

[ask2lern]

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

First job numbers of the week on tap

Today's economic calendar contains the first glimpse of employment data for the week, as well as services industry data, weekly mortgage numbers, and crude oil reports.

At 7 a.m. ET, MBA Purchase Applications data will be reported. Economists do not make estimates for this mortgage report. I look only at the purchases portion of the release because it indicates new economic activity, as opposed to refinancing.

Last week's purchases came in at 176.6. A reading that is higher by 5 percent or more would likely be bullish, while one that is lower by the same margin would be seen as bearish.

The Challenger Job Cut Report comes out at 7:30 a.m. ET. This release is considered a leading indicator of future employment trends because it tracks layoffs that have been announced but not yet implemented.

Last month's planned layoffs came in at 51,100. A reading that is well above this, by 10 percent or more, would be bearish. A reading below 50,000 would be bullish.

At 8:15 a.m. ET, the ADP Employment Report will be released. Payrolls are expected to have grown by 75,000, according to the consensus forecast. But the range of estimates is extremely wide, from a loss of -10,000 jobs to bullish growth of 117,000.

The ISM Non-Manufacturing Index comes out at 10 a.m. ET. The consensus calls for the index to fall slightly, to 52.9 from last month's 53.3. Estimates range from a bearish 51.3 to a bullish 55. A reading below 50 would indicate contraction and therefore be bearish.

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 1.944 million barrels. But the API release, which came out last night after the market closed, showed a draw of -3.069 million barrels instead.

If the EIA data confirms this number or shows an even larger draw, it could be bullish for crude. If instead it shows a smaller draw or a positive number, indicating a build, it could be bullish for oil prices.

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.

[Clinton SPX]

US September Layoffs Biggest Over Two Years: Challenger Report (story developing)

[Clinton SPX]

US Mortgage Applications Fell Last Week

[herceg1967]

Oct 5, 2011 6:40:11 GMT -5 Clinton SPX said:

US September Layoffs Biggest Over Two Years: Challenger Report (story developing)

Just saw that on CNBC....................that is what I have been saying for months that the job picture is getting worse and not better.............the weekly numbers speak for themselves and that is with people falling out of the system.................After December when there is no more extensions, then things will get real interesting with no recovery and no jobs......................The Europe problem will just snow ball further...............

Nothing looks good on the horizon right now.............

JMO and BOL................

[Clinton SPX]

Layoff Plans Soar By 126% In September To 115,730, 212% Higher Than Year Ago, Highest Since April 2009
Submitted by Tyler Durden on 10/05/2011 - 07:42

Still bullish on the Friday NFP number? According to Challenger we just went through a "sea-change" event as "Employers announced plans to shed 115,730 workers from their payrolls in September, making it the worst jobcut month in over two years. Heavy reductions planned by the military accounted for a large portion of September job cuts, signaling what may lie ahead as the federal government seeks across-the-board cuts in spending. September job cuts were 126 percent higher than the 51,114 announced in August, according to the latest Challenger report. They were 212 percent higher than September 2010, when employers announced just 37,151 job cuts. Last month’s total is the highest since April 2009, when 132,590 job cuts were announced." Yet this is good news, considering that the biggest source of cuts was the bloated government and the insolvent Bank of America: "One-third of the layoffs announced this year came from government employers. It is, by far, the largest job-cutting sector, with 159,588 announced job cuts to date. This figure includes 54,182 government-sector cuts in September, 50,000 of which are the result of a five-year troop reduction plan announced by the United States Army. The second largest job-cutting sector to date is the financial sector, which announced 54,013 planned layoffs between January 1 and the end of September. That is up 177 percent from the 19,474 job cuts recorded over the first three quarters of 2010. Of the 54,013 financial job cuts this year, 31,167 occurred in September, with 30,000 resulting from Bank of America’s multi-year workforce reduction plan aimed at saving the struggling bank $5 billion per year." That said, while there is no correlation to coincident NFP data, this will be very ugly news down the line

[timber]

It is important to keep in mind that 80,000 cuts, or nearly 70 percent of last month's total, came from just two organizations: Bank of America and the United States Army,'' John A. Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement. ``Neither of these cuts is directly related to recent softness in the economy.''

Read more: www.foxbusiness.com/markets/2011/10/05/september-layoffs-highest-in-two-years/#ixzz1ZuTXYur4

[Clinton SPX]

Oct 5, 2011 7:29:41 GMT -5 timber said:

Oct 5, 2011 6:40:11 GMT -5 Clinton SPX said:

US September Layoffs Biggest Over Two Years: Challenger Report (story developing)

70 percent were govt jobs from our socialist government

www.foxbusiness.com/markets/2011/10/05/september-layoffs-highest-in-two-years/

yup, smaller gov means lots of layoffs. just like greece

[Clinton SPX]

Euro Debt Holders Will Have to Take Losses: El-Erian

[Clinton SPX]

greece is a disaster


Greek State Workers Take to Streets to Fight Cuts

[Clinton SPX]

futures are collapsing what just happened?

[timber]

everyone knows greece will default....its not much of secret

[Clinton SPX]

No, the secret is who gets stuck with the tab when all the drunks run out of the bar at the end of the night

[Clinton SPX]

nasdaq looks like weak sector for the open

[Clinton SPX]

Hope today is my day to unlose some monies. My ass still sore from yesterday

[herceg1967]

Oct 5, 2011 7:57:50 GMT -5 Clinton SPX said:

Hope today is my day to unlose some monies. My ass still sore from yesterday

You still holding TZA ? If so, you have major balls to ride that for as long as you do......................even though I agree with your negative sentiment in the markets.............

JMO and BOL..................

[Clinton SPX]

still holding. I was away from my comp way too much yesterday. I deserve what I got.

[Clinton SPX]

I still think we go to 1040 anyway

[rex]

You had stops in place when you went to In-n-out with your wifey, correct? Did they get hit?

[Clinton SPX]

I dont use stops

[Clinton SPX]

My TA says we are going to 1040 thats my stop on this bus

[timber]

why dont you short tna instead clinton

[Clinton SPX]

2 reasons. scottrade never has the shares avail and I wont have to worry about a margin call being long TZA

[rex]

Oct 5, 2011 8:09:49 GMT -5 rex said:

You had stops in place when you went to In-n-out with your wifey, correct? Did they get hit?

Wait, the was commod that went with his wifey.

[Clinton SPX]

Oct 5, 2011 8:23:08 GMT -5 rex said:

Oct 5, 2011 8:09:49 GMT -5 rex said:

You had stops in place when you went to In-n-out with your wifey, correct? Did they get hit?

Wait, the was commod that went with his wifey.

OK, commod a lot smarter than me he uses stops. hehe

[Clinton SPX]

I had TZA once go to -39% on me and waited it out to sell at a profit

[Clinton SPX]

home depot just got down graded