PPDT - 10/10/2011 Monday - PP-XLF = 11.99

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=11.99
MP=12.09 R1=12.18 MP=12.35 R2=12.52 MP=12.79 R3=13.05 MP=13.32 R4=13.58
MP=11.82 S1=11.65 MP=11.56 S2=11.46 MP=11.20 S3=10.93 MP=10.67 S4=10.40
O=12.34 H=12.34 L=11.81 C=11.83

FAS PP=10.82
MP=11.06 R1=11.29 MP=11.73 R2=12.16 MP=12.83 R3=13.50 MP=14.17 R4=14.84
MP=10.39 S1=9.95 MP=9.72 S2=9.48 MP=8.81 S3=8.14 MP=7.47 S4=6.80
O=11.7 H=11.7 L=10.36 C=10.41

FAZ PP=61.79
MP=63.98 R1=66.17 MP=67.36 R2=68.54 MP=71.91 R3=75.29 MP=78.66 R4=82.04
MP=60.61 S1=59.42 MP=57.23 S2=55.04 MP=51.66 S3=48.29 MP=44.91 S4=41.54
O=57.47 H=64.15 L=57.4 C=63.81

SPY PP=116.01
MP=116.48 R1=116.95 MP=117.58 R2=118.20 MP=119.29 R3=120.39 MP=121.48 R4=122.58
MP=115.39 S1=114.76 MP=114.29 S2=113.82 MP=112.72 S3=111.63 MP=110.53 S4=109.44
O=117.17 H=117.25 L=115.06 C=115.71

SPG PP=110.78
MP=111.48 R1=112.17 MP=113.51 R2=114.85 MP=116.88 R3=118.92 MP=120.95 R4=122.99
MP=109.44 S1=108.10 MP=107.41 S2=106.71 MP=104.67 S3=102.64 MP=100.60 S4=98.57
O=113.14 H=113.45 L=109.38 C=109.5

GS PP=94.34
MP=95.38 R1=96.42 MP=98.29 R2=100.16 MP=103.07 R3=105.98 MP=108.89 R4=111.80
MP=92.47 S1=90.60 MP=89.56 S2=88.52 MP=85.61 S3=82.70 MP=79.79 S4=76.88
O=98.07 H=98.07 L=92.25 C=92.69

JPM PP=31.32
MP=31.66 R1=31.99 MP=32.64 R2=33.28 MP=34.26 R3=35.24 MP=36.22 R4=37.20
MP=30.68 S1=30.03 MP=29.70 S2=29.36 MP=28.38 S3=27.40 MP=26.42 S4=25.44
O=32.58 H=32.61 L=30.65 C=30.7

MS PP=14.64
MP=14.86 R1=15.08 MP=15.51 R2=15.93 MP=16.57 R3=17.22 MP=17.86 R4=18.51
MP=14.22 S1=13.79 MP=13.57 S2=13.35 MP=12.70 S3=12.06 MP=11.41 S4=10.77
O=15.43 H=15.48 L=14.19 C=14.24

C PP=25.20
MP=25.53 R1=25.85 MP=26.46 R2=27.07 MP=28.01 R3=28.94 MP=29.88 R4=30.81
MP=24.59 S1=23.98 MP=23.66 S2=23.33 MP=22.40 S3=21.46 MP=20.53 S4=19.59
O=26.32 H=26.42 L=24.55 C=24.63

VIX PP=36.40
MP=37.01 R1=37.62 MP=38.33 R2=39.03 MP=40.35 R3=41.66 MP=42.98 R4=44.29
MP=35.70 S1=34.99 MP=34.38 S2=33.77 MP=32.46 S3=31.14 MP=29.83 S4=28.51
O=35.67 H=37.82 L=35.19 C=36.2

UUP PP=22.22
MP=22.29 R1=22.36 MP=22.41 R2=22.45 MP=22.57 R3=22.68 MP=22.80 R4=22.91
MP=22.18 S1=22.13 MP=22.06 S2=21.99 MP=21.88 S3=21.76 MP=21.65 S4=21.53
O=22.15 H=22.31 L=22.08 C=22.27

FROM: www.econoday.com

Economic Events & Analysis - 10/10/2011 Monday


US Holiday: Columbus Day

Markets Open, Banks Closed


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.

[ask2lern]

Thanks Kryptos!!!!!

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


GOLD


R3 1724.07
R2 1683.77
R1 1661.73

PP 1643.47

S1 1621.43
S2 1603.17
S3 1562.87


SILVER

R3 36.27
R2 33.96
R1 32.66

PP 31.65

S1 30.35
S2 29.34
S3 27.03


IWM

R3 70.92
R2 68.51
R1 67.01

PP 66.10

S1 64.60
S2 63.69
S3 61.28




TNA

R3 42.94
R2 38.98
R1 36.51

PP 35.02

S1 32.55
S2 31.06
S3 27.10



TZA

R3 55.83
R2 51.12
R1 49.39

PP 46.41

S1 44.68
S2 41.70
S3 36.99


SDS

R3 25.89
R2 24.99
R1 24.58

PP 24.09

S1 23.68
S2 23.19
S3 22.29


SSO

R3 42.81
R2 41.31
R1 40.48

PP 39.81

S1 38.98
S2 38.31
S3 36.81

…………………………..GLTA

[ask2lern]

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

Indexes hinge on new Eurozone plan

The indexes suffered a last minute selloff on Friday that sent them from the highs of the day to the lows in less than half an hour. The drop was attributed to a downgrade of Italian and Spanish debt by ratings agency Fitch, which took markets by surprise.

Futures traded higher last night after a weekend conference between France and Germany reportedly produced an initial plan to deal with Greece, the banks, and economic coordination. No immediate details were released, but participants promised that the package would be ready by the end of this month.

As a result, levels for today remain largely unchanged from where they began Friday morning, other than moving averages. The Russell 2000 drops a support level, which is now resistance, but there are no other major changes.

No economic reports are scheduled because of today's Columbus Day holiday, but U.S. equity markets will remain open as usual.

Nasdaq 100 (NDX)
First support is at is at 2197.84, its 50-day moving average, then 2151.18, and 2139.58. First resistance is at 2245.01 and then at 2290.20, its 200-day moving average.

S&P 500 (SPX)
Support is at 1146.89, its 10-day moving average, then 1136.43, and 1114.52. Resistance is at 1177.87, its 50-day moving average. On a breakout above the 50-day, resistance would be at 1195.86 and then 1204.49.

Russell 2000 (RUT)
Support is at 655.10, its 10-day moving average, and then at 634.71. Resistance is at 666.01, then at 689.24, and 690.90, its 50-day moving average.

[Clinton SPX]

crude oil is crazy bullish today

[Clinton SPX]

LONDON (Dow Jones)--Oil market speculators placed a record number of bets in the week ending Oct. 4 that Brent crude prices would fall amid persistent worries about a Greek default and its contagion to the rest of the euro zone.

According to the InterContinentalExchange Inc.'s (ICE) weekly Commitment of Traders report published Monday, the number of short positions by money managers, including hedge funds, jumped 16% compared with last week, to 68,391.

This was the highest level bets on prices falling since the ICE started publishing the data in June.

The number of net long positions reached 29,093, down 38.1% from 47,027 compared with the week before. The net long position is the difference between the number of long positions, or bets that prices will rise, and short positions, or bets that prices will fall.

The increase in short positions and the decrease of long positions signaled investors' discomfort over the broader economic picture in Europe.

More people bet on prices falling in that week because of word from Greece that it won't be able to meet deficit-reduction targets this year and persistent concerns about distressed European debtors such as Italy and Spain. Fears over sluggish global growth impact oil prices, as investors perceive demand for oil may fall with less spending money available to consumers.

Brent slid past the psychologically significant $100-a-barrel level on Oct. 4, after trading within a broad $8.80 range for the week. Brent settled 4.8% lower on Oct. 4 compared with its price at the start of the week.

Market participants also bet that a faster-than-expected return of Libyan oil supplies, as well as stabilizing production in the North Sea, could lead to a surplus on the supply side. Extra barrels available on the market and not enough demand for them weighs on prices.

[Clinton SPX]

The one thing I dont get is why airlines and oil dont trade opposite way more than they do. Anytime oil is getting cheaper it HAS to boost profits for the airlines as fuel cost go down.

[rex]

BTW, I think the more downgrades that happen now should be good for US markets since with each downgrade, it will actually make the US's look more attractive.

[Rich]

the fact that everyone is not crazy bullish is a bullish sign

I remain bearish myself

[ask2lern]

ukarlewitz
ukarlewitz $SPY 30'. Strikingly similar to 9/27. Gap, R, etc


I looked.................

[brosin]

Oct 10, 2011 11:42:55 GMT -5 Rich said:

the fact that everyone is not crazy bullish is a bullish sign

I remain bearish myself

Agreed with your first point Rich. Was thinking the same thing after seeing the early morning play out

[Clinton SPX]

Oct 10, 2011 11:38:28 GMT -5 rex said:

BTW, I think the more downgrades that happen now should be good for US markets since with each downgrade, it will actually make the US's look more attractive.

Now THAT I agree with.

[timber]

Oct 10, 2011 7:30:04 GMT -5 Clinton SPX said:

crude oil is crazy bullish today

maybe the mid 70s was the bottom after all

[huh?]

I think oil will bottom in low 60's FWIW. If I remember correctly, that's the point where jobs losses stopped climbing.

[Clinton SPX]

More bad news to rally on.
California’s revenue for the fiscal year that began three months ago has fallen $705 million below what Governor Jerry Brown and Democrats projected, approaching a level that may trigger automatic university spending cuts and higher community college fees.
September revenue came in $301.6 million below estimates, Controller John Chiang, a Democrat, said in a report today. July was $538.8 million less than forecast, Chiang said Aug. 9. Revenue in August was $135 million more than expected.