PPDT - 10/07/2011 Friday - PP-XLF = 12.08

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.08
MP=12.28 R1=12.48 MP=12.59 R2=12.69 MP=13.00 R3=13.30 MP=13.61 R4=13.91
MP=11.98 S1=11.87 MP=11.67 S2=11.47 MP=11.17 S3=10.86 MP=10.56 S4=10.25
O=11.84 H=12.29 L=11.68 C=12.27

FAS PP=11.06
MP=11.54 R1=12.02 MP=12.28 R2=12.53 MP=13.27 R3=14.00 MP=14.74 R4=15.47
MP=10.81 S1=10.55 MP=10.07 S2=9.59 MP=8.86 S3=8.12 MP=7.39 S4=6.65
O=10.43 H=11.57 L=10.1 C=11.51

FAZ PP=61.14
MP=62.69 R1=64.24 MP=67.19 R2=70.14 MP=74.64 R3=79.14 MP=83.64 R4=88.14
MP=58.19 S1=55.24 MP=53.69 S2=52.14 MP=47.64 S3=43.14 MP=38.64 S4=34.14
O=64.93 H=67.03 L=58.03 C=58.35

SPY PP=115.55
MP=116.58 R1=117.60 MP=118.15 R2=118.70 MP=120.28 R3=121.85 MP=123.43 R4=125.00
MP=115.00 S1=114.45 MP=113.43 S2=112.40 MP=110.83 S3=109.25 MP=107.68 S4=106.10
O=114.36 H=116.66 L=113.51 C=116.49

SPG PP=110.87
MP=112.64 R1=114.41 MP=115.34 R2=116.26 MP=118.96 R3=121.65 MP=124.35 R4=127.04
MP=109.95 S1=109.02 MP=107.25 S2=105.48 MP=102.79 S3=100.09 MP=97.40 S4=94.70
O=109.23 H=112.72 L=107.33 C=112.56

GS PP=95.90
MP=97.97 R1=100.03 MP=101.09 R2=102.14 MP=105.26 R3=108.38 MP=111.50 R4=114.62
MP=94.85 S1=93.79 MP=91.73 S2=89.66 MP=86.54 S3=83.42 MP=80.30 S4=77.18
O=94 H=98 L=91.76 C=97.93

JPM PP=31.75
MP=32.42 R1=33.09 MP=33.44 R2=33.79 MP=34.81 R3=35.83 MP=36.85 R4=37.87
MP=31.40 S1=31.05 MP=30.38 S2=29.71 MP=28.69 S3=27.67 MP=26.65 S4=25.63
O=30.71 H=32.46 L=30.42 C=32.38

MS PP=14.88
MP=15.36 R1=15.83 MP=16.16 R2=16.49 MP=17.29 R3=18.10 MP=18.90 R4=19.71
MP=14.55 S1=14.22 MP=13.75 S2=13.27 MP=12.46 S3=11.66 MP=10.85 S4=10.05
O=14.46 H=15.53 L=13.92 C=15.18

C PP=25.51
MP=26.12 R1=26.73 MP=27.09 R2=27.45 MP=28.42 R3=29.39 MP=30.36 R4=31.33
MP=25.15 S1=24.79 MP=24.18 S2=23.57 MP=22.60 S3=21.63 MP=20.66 S4=19.69
O=24.72 H=26.22 L=24.28 C=26.02

VIX PP=37.05
MP=37.51 R1=37.96 MP=38.80 R2=39.64 MP=40.94 R3=42.23 MP=43.53 R4=44.82
MP=36.21 S1=35.37 MP=34.92 S2=34.46 MP=33.17 S3=31.87 MP=30.58 S4=29.28
O=38.24 H=38.74 L=36.15 C=36.27

UUP PP=22.29
MP=22.33 R1=22.36 MP=22.44 R2=22.52 MP=22.63 R3=22.75 MP=22.86 R4=22.98
MP=22.21 S1=22.13 MP=22.10 S2=22.06 MP=21.94 S3=21.83 MP=21.71 S4=21.60
O=22.42 H=22.44 L=22.21 C=22.21

FROM: www.econoday.com

Economic Events & Analysis - 10/07/2011 Friday


Monster Employment Index

8:30 AM ET Employment Situation
10:00 AM ET Wholesale Trade
10:30 AM ET Dennis Lockhart Speaks
3:00 PM ET Consumer Credit


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 (SD's):

sell ind 1-2, not sure size and jobs number effect and sell mid-day Monday.

[ask2lern]

Thanks Kryptos!!!!!

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


GOLD


R3 1696.90
R2 1671.50
R1 1661.40

PP 1646.10

S1 1636.00
S2 1620.70
S3 1595.30


SILVER

R3 35.23
R2 33.42
R1 32.73

PP 31.61

S1 30.92
S2 29.80
S3 27.99


IWM

R3 70.85
R2 68.69
R1 67.92

PP 66.53

S1 65.76
S2 64.37
S3 62.21




TNA

R3 42.45
R2 39.11
R1 37.92

PP 35.77

S1 34.58
S2 32.43
S3 29.09



TZA

R3 54.97
R2 50.32
R1 47.29

PP 45.67

S1 42.64
S2 41.02
S3 36.37


SDS

R3 27.02
R2 25.66
R1 24.76

PP 24.30

S1 23.40
S2 22.94
S3 21.58


SSO

R3 43.74
R2 41.62
R1 40.88

PP 39.50

S1 38.76
S2 37.38
S3 35.26

…………………………..GLTA

[ask2lern]

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

Big surge raises levels for all indexes

The indexes had a strong upside session both in breadth and performance that saw all sectors finish strongly in the green.

Breadth, notably in the S&P 500, has been dismal in recent weeks. In addition, the "safety" sectors lagged instead of leading, reinforcing the resumption of the "risk on" trade.

If there was any caveat, it is that the longer-term trend in sectors has not turned--something that will need to change for the indexes to recover. Utilities, consumer staples, and health care are still the only green sectors this year. Many of those sectors that are in the red are down double digits, so any repair may take some time.

Another hurdle the bulls face is that earnings season begins next week. It is possible that many stocks have already been heavily discounted on an expected economic slowdown, but it's also possible that reduced guidance may already be priced in.

Levels have changed for today, with some resistance flipping to become support. Yesterday's ranges were narrower than those of previous sessions.

A big test for the S&P 500 lies at its 50-day moving average, which the index has not traded above since early August. A breach of that level would be a significant technical positive.

Nasdaq 100 (NDX)
First support is at is at 2201.22, its 50-day moving average, then 2151.18, and 2139.58. First resistance 2245.01, then at 2290.36, its 200-day moving average.

S&P 500 (SPX)
Support is at 1144.98, its 10-day moving average, then 1136.43, and 1114.52. Resistance is at 1180.77, its 50-day moving average. On a breakout above the 50-day, resistance would be at 1195.86, then 1204.49.

Russell 2000 (RUT)
Support is at 666.01, then 654.72, its 10-day moving average, and 634.71. Resistance is at 689.24, then 693.76, its 50-day moving average. On a break above the 50-day, resistance would be at 701.55.

[ask2lern]

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

Employment, trade, credit data on tap

Today's economic calendar will focus largely on employment data, though wholesale trade and consumer credit will also be reported.

The Monster Employment Index is generally available by 6 a.m. ET. This index tracks online help wanted ads and is therefore considered more of a leading indicator of employment trends. Last month's index came in at 147, up from the previous reading of 144. A reading at or above 150 would be bullish.

The big release of the day will be the government's Employment Situation Report at 8:30 a.m. ET. There are three numbers we need to focus on: non-farm payrolls, private payrolls, and the unemployment rate.

Payrolls come from the establishment survey, while the unemployment rate comes from the household survey. As a result, the two data series do not always agree in direction or magnitude.

The consensus forecast calls for non-farm payolls to expand by 60,000. Estimates range from a very bearish -50,000 jobs to a bullish gain of 115,000.

Most economists predict that private payrolls, which exclude government jobs, will grow by 100,000. The range is very wide for this release, from a bearish 35,000 to a bullish 157,000 jobs being added.

The consensus expectation for the unemployment rate is 9.1 percent, unchanged from the last report. Estimates range from a bullish 9 percent to a bearish 9.2 percent.

At 10 a.m. ET, Wholesale Trade data will be released. Inventories are seen growing by 0.5 percent, while sales are seen rising by 0.2 percent. That is a bearish outcome suggesting the potential for rising inventory glut.

Estimates for inventories range from a rise of 0.2 percent to 1 percent. Sales estimates range from flat to a gain of 0.5 percent.

The key metric for wholesale trade is to see sales expanding while rising faster than inventories, which would be a bullish scenario. Slowing or a drop in sales with a rise in inventories would be bearish, suggesting that the economy is slowing down.

Consumer Credit will be reported at 3 p.m. ET. The consensus sees credit expanding by $7.8 billion. Estimates range from a more subdued growth of $2 billion to bullish expansion of $11 billion.

[timber]

i think 8.30 should tell us where the markets go today

[ask2lern]

From Cobras site:

Tomorrow is the famous monthly Non Farm Payroll day. The intraday pattern is open high go lower or open low go higher. The chart below shows all the Non Farm Payroll days since the year 2009 bull market, looks like the chances for bulls and bears are 50 to 50 tomorrow, although 4 consecutive reds recently.



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[Clinton SPX]

Good morning everyone

[Clinton SPX]

Moody’s Investors Service cut the senior debt and deposit ratings of 12 British lenders including Royal Bank of Scotland Group Plc (RBS) and Lloyds Banking Group Plc (LLOY), saying the government would be less likely to provide support in the event of failure.

[herceg1967]

GM Clint,

Maybe I'm missing something here, but I have never seen so much turmoil here and abroad as well. Not sure how they can keep the market up as such...........

Even if employment numbers were to come in over 100k, that is at least 2-300k less than is necessary to keep up with people losing jobs...............I know they say markets look ahead, but we are three years into shit right now and I still don't see things getting better or abroad...................everybody keeps saying that unemployment is a national crisis, so how can things look better

I am open to hear all points on this...................

JMO and BOL to all.......

[Clinton SPX]

Like I said yesterday, nothing like collapsing banks to rally a currency (sarc)


Nine Portuguese banks had their debt ratings cut by Moody’s Investors Service by one or two levels, which cited concern about funding, bad loans and holdings of government debt. Moody’s cut the “standalone” debt ratings of three banks, Banco Espirito Santo SA, Banco Comercial Portugues SA and Banco BPI SA, by two levels, the ratings company said in a statement today.

[kbk3ck]

Thanks Kryp and Ask. Yall are the best. And I loveed seeing Elle's "Squirrel Droppings" comment first thing this morning. LOL. I think I will say that to people today and see what the looks on their faces are. Thanks Ell.

[Rich]

I voted moody bear last night, hohoho

[timber]

hello everyone.....street expects the rate to stay the same....

[Clinton SPX]

Ben buying shit loads of Euros will propel the market up.

[Rich]

7 minutes

tick-tock

[Clinton SPX]

Ha! ZH calls MS Margin Stanley

[timber]

we are starting the day off red and that usually means a green payroll friday

[Clinton SPX]

Goldman Comes To Margin Stanley's "Defense" As It Is Now Actively Selling MS Calls, Buying Short Term CDS
Submitted by Tyler Durden on 10/07/2011 - 08:21
CDS
The bank that was selling Dexia shares to its clients all the way down (Goldman Cuts Dexia From Buy To Neutral On Imminent Restructuring And Winddown) and which has the uncanny ability to align its own trading desk with an event's "outcome", at the expense of clients of course, has just done it again. As of this morning it is actively selling Margin Stanley calls to whoever is still left as a client. From a just released report: "Buy calls for a likely relief rally on earnings; sell short-dated CDS as fear falls." Now... just who are these clients buying calls from and selling CDS to?

[dino]

hey guys. i brought donuts for the event...

the one with the beard looks like clint!

[kbk3ck]

Job #s yet?

[Rich]

I get the chocolate!

[Rich]

8:30 Joe

[kbk3ck]

I want the brown one on the left!!!!

[kbk3ck]

Thanks Rich. God its good to have a day off!!!!!

[Rich]

I've been having too many of them

[Clinton SPX]

watch the euro rally no matter what the jobs number is.
fed is rigging this market

[kbk3ck]

Ouch Rich. What exactly do you do? General house remodel stuff?

[kbk3ck]

UP WE GO!!!!

[timber]

great