PPDT - 10/13/2011 Thursday - PP-XLF = 12.75

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.75
MP=12.86 R1=12.96 MP=13.06 R2=13.16 MP=13.37 R3=13.57 MP=13.78 R4=13.98
MP=12.65 S1=12.55 MP=12.45 S2=12.34 MP=12.14 S3=11.93 MP=11.73 S4=11.52
O=12.57 H=12.96 L=12.55 C=12.75

FAS PP=12.68
MP=12.94 R1=13.19 MP=13.46 R2=13.73 MP=14.26 R3=14.78 MP=15.31 R4=15.83
MP=12.41 S1=12.14 MP=11.89 S2=11.63 MP=11.11 S3=10.58 MP=10.06 S4=9.53
O=12.22 H=13.22 L=12.17 C=12.65

FAZ PP=51.03
MP=52.27 R1=53.51 MP=54.71 R2=55.90 MP=58.34 R3=60.77 MP=63.21 R4=65.64
MP=49.84 S1=48.64 MP=47.40 S2=46.16 MP=43.73 S3=41.29 MP=38.86 S4=36.42
O=53.22 H=53.42 L=48.55 C=51.12

SPY PP=121.07
MP=121.45 R1=121.82 MP=122.35 R2=122.88 MP=123.79 R3=124.69 MP=125.60 R4=126.50
MP=120.54 S1=120.01 MP=119.64 S2=119.26 MP=118.36 S3=117.45 MP=116.55 S4=115.64
O=120.6 H=122.14 L=120.33 C=120.75

SPG PP=114.81
MP=115.86 R1=116.90 MP=117.74 R2=118.57 MP=120.45 R3=122.33 MP=124.21 R4=126.09
MP=113.98 S1=113.14 MP=112.10 S2=111.05 MP=109.17 S3=107.29 MP=105.41 S4=103.53
O=113.62 H=116.48 L=112.72 C=115.23

GS PP=98.88
MP=100.12 R1=101.36 MP=102.49 R2=103.62 MP=105.99 R3=108.36 MP=110.73 R4=113.10
MP=97.75 S1=96.62 MP=95.38 S2=94.14 MP=91.77 S3=89.40 MP=87.03 S4=84.66
O=98.2 H=101.13 L=96.39 C=99.11

JPM PP=33.25
MP=33.54 R1=33.82 MP=34.13 R2=34.43 MP=35.02 R3=35.61 MP=36.20 R4=36.79
MP=32.95 S1=32.64 MP=32.36 S2=32.07 MP=31.48 S3=30.89 MP=30.30 S4=29.71
O=32.76 H=33.87 L=32.69 C=33.2

MS PP=15.82
MP=16.07 R1=16.31 MP=16.54 R2=16.77 MP=17.25 R3=17.72 MP=18.20 R4=18.67
MP=15.59 S1=15.36 MP=15.12 S2=14.87 MP=14.40 S3=13.92 MP=13.45 S4=12.97
O=15.73 H=16.29 L=15.34 C=15.84

C PP=29.12
MP=29.59 R1=30.05 MP=30.48 R2=30.91 MP=31.80 R3=32.70 MP=33.59 R4=34.49
MP=28.69 S1=28.26 MP=27.80 S2=27.33 MP=26.43 S3=25.54 MP=24.64 S4=23.75
O=28.39 H=29.97 L=28.18 C=29.2

VIX PP=30.99
MP=31.60 R1=32.20 MP=32.67 R2=33.13 MP=34.20 R3=35.27 MP=36.34 R4=37.41
MP=30.53 S1=30.06 MP=29.46 S2=28.85 MP=27.78 S3=26.71 MP=25.64 S4=24.57
O=31.57 H=31.93 L=29.79 C=31.26

UUP PP=21.76
MP=21.79 R1=21.82 MP=21.85 R2=21.87 MP=21.93 R3=21.98 MP=22.04 R4=22.09
MP=21.74 S1=21.71 MP=21.68 S2=21.65 MP=21.60 S3=21.54 MP=21.49 S4=21.43
O=21.8 H=21.82 L=21.71 C=21.76

FROM: www.econoday.com

Economic Events & Analysis - 10/13/2011 Thursday


8:30 AM ET International Trade
8:30 AM ET Jobless Claims
9:45 AM ET Bloomberg Consumer Comfort Index
10:30 AM ET EIA Natural Gas Report
11:00 AM ET EIA Petroleum Status Report
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
11:00 AM ET 52-Week Bill Announcement
11:00 AM ET 30-Yr TIPS Announcement
1:00 PM ET 30-Yr Bond Auction
2:00 PM ET Treasury Budget
2:30 PM ET Narayana Kocherlakota Speaks
4:30 PM ET Fed Balance Sheet
4:30 PM ET Money Supply


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.

[Clinton SPX]

Not that charts mean anything to the euro monkey

Attachments:

[Clinton SPX]

this open will be important. SPY should gap fill yesterdays gap up. Bulls need for gap support to hold. I need for it not to. mwa ha ha ha

[cosmic]

I'm trying to figure how this is going to play into opex next week.

Last month we had a down Friday, and then the week of Opex was pretty much way up. And that was after a short rally up to that Friday.

So the Friday move is most important to me, but I wonder if it's a fade again this time.

[Clinton SPX]

JPM just confirmed under the 200ma10.
Potential to turn up the ugly has been raised

[crumbdon]

Yesterday I was upset at myself for letting go of my FAS a little too early.

Today- well, let's just say I have forgiven myself. ;D

JPM, banks, all getting guided tour of the woodshed today.

[Clinton SPX]

LONDON—Fitch Ratings on Thursday slashed ratings on U.K. banks Royal Bank of Scotland Group PLC and Lloyds Banking Group PLC after determining they are less likely to receive government support in future.

RBS, 83%-owned by taxpayers, and Lloyds, 41%-state held, were both downgraded two notches to A from double-A-minus. Barclays PLC, which has never taken direct state support and is rated double-A-minus by Fitch, was put on rating-watch negative, meaning it might be downgraded.

[natsalilfly]

Yes, glad I didn't chase after my Friday morning sell last week.

[natsalilfly]

VXX btw perfect tag on the 50 dma yesteray (6 mo chart) and rejection toay. As did JPM, just to the bearish side. But I do wonder how far the bear action will go.

[Clinton SPX]

We rallied on light volume.
A flash crash wouldnt surprise me at all.

[Clinton SPX]

C & MS unloading today

[Clinton SPX]

Italian banks blowing the breakers

It's starting

[Clinton SPX]

Added to my TZA

[Clinton SPX]

DJ Bullish Sentiment Up In the Latest AAII Poll
NEW YORK (Dow Jones)--Bullish sentiment among investors was up during the week ended this Wednesday, according to the most recent weekly online survey of members of the American Association of Individual Investors.

Bullish sentiment rose to 39.77% from 35.24%, but bearish sentiment fell to 36.36% from 45.71% during the previous week.

The percentage of investors who described themselves as neutral on the stock market rose to 23.86% from 19.05%, according to the poll.

[Clinton SPX]

PPT buying euros trying to stop this sell off

[Clinton SPX]

Italian banks are blowing breakers of course investors will start buying euros now. LOL

[ask2lern]

Oct 13, 2011 9:04:44 GMT -5 Clinton SPX said:

We rallied on light volume.
A flash crash wouldnt surprise me at all.

Yeah I have been thinking that we could see something goofy............funny that we see a flash up and there is no calling for an investigation...............if we dropped 125 points there would be a media circus..............I did pick up a small lot if NOV SPY 126 PUTS yesterday just in case.............kinda like a lottery ticket............... ;D

[ask2lern]

On SPY I have 119.48 as a level to watch but really do not see anything above as R until 120.94 so I would not be all that surprised if it happened..................

[Clinton SPX]

Ignore them fins, buy some SIXL (sarc)


Credit Suisse Buries European Banks, Sees Deutsche Bank And 65 Other Bank Failing Latest Stress Test, €400 Billion Capital Shortfall
Submitted by Tyler Durden on 10/13/2011 - 11:06
Barclays Credit Suisse Deutsche Bank RBS SocGen Sovereign Debt Stress Test
A day after Credit Suisse killed the Chinese bank sector saying that the equity of virtually the entire space may be worthless if NPLs double, as they expect they will to about 10%, the Swiss bank proceeds to kill European banks next. Based on the latest farce out of Europe in the form of the third stress test, which is supposed to restore some confidence, it appears that what it will do is simply accelerate the flight out of everything bank related, but certainly out of anything RBS, Deutsche Bank, BNP, SocGen and Barclays related. To wit: "In our estimation of what could be the “new EBA stress test” there would be 66 failures, with RBS, Deutsche Bank, and BNP needing the most capital – at €19bn, €14bn and €14bn respectively. Among the banks with the highest capital shortfalls, SocGen and Barclays would need roughly €13bn with Unicredit and Commerzbank respectively at €12bn and €11bn. In the figure below we present the stated results. We note RBS appears to be the most vulnerable although the company has said that the methodology, especially the calculation of trading income, is especially harsh for them, negatively impacting the results by c.80bps." Oops. Perhaps it is not too late for the EBA to back out of this latest process and say they were only kidding. And it gets even worse: "We present in this section an overview of the analysis which we published in our report ‘The lost decade’ – 15-Sep 2011. One of our conclusions was that the overall European banking sector is facing a €400bn capital shortfall which compares to a current market cap of €541bn." Said otherwise, we can now see why the FT reported yesterday that banks will be forced to go ahead and proceed with asset firesales: the mere thought of European banks raising new cash amounting to 75% of the entire industry's market cap, is beyond ridiculous. So good luck with those sales: just remember - he who sells first, sells best.

[Clinton SPX]

66 lead balloons.

[Clinton SPX]

light volume, im surprised bulls havent tried to pop it yet

[benvestor]

they broke FAS

FAS only down 8.5 % when most of the banks are down 6%+

[herceg1967]

Oct 13, 2011 11:39:29 GMT -5 Clinton SPX said:

light volume, im surprised bulls havent tried to pop it yet

Ben is out to lunch and then a late meeting..........will try to make it back by 3:30 according to his voice mail.............

[Clinton SPX]

Pay no attention to imploding banks, we're making the dollar go down
weeeeeeeeeeeeeeeeeeeeeeeeeeee

[natsalilfly]

Oct 13, 2011 11:43:14 GMT -5 benvestor said:

they broke FAS

FAS only down 8.5 % when most of the banks are down 6%+

Is this because FAS is now heavily weighted with DADDX, at 23.36%? It used to be more heavily weighted with the major banks. It's the Dreyfus Inst. Cash Fund.

[crumbdon]

Oct 13, 2011 11:58:15 GMT -5 natsalilfly said:

Oct 13, 2011 11:43:14 GMT -5 benvestor said:

they broke FAS

FAS only down 8.5 % when most of the banks are down 6%+

Is this because FAS is now heavily weighted with DADDX, at 23.36%? It used to be more heavily weighted with the major banks. It's the Dreyfus Inst. Cash Fund.

Good info, Nat- Thanks. Explains a lot today.

Hopium smokers throwing a bid at JPM after it fell below 31.00.

[natsalilfly]

This is just the info I have on Scottrade. XLF is still heavily weighted towards banks JPM 8.37%, WF 9.08%, BRK/B 8.91%, then C, BAC, GS, AXP, USB, SPG, MET. I don't understand why FAS is no longer weighted similarly as it used to be, except that this could explain why it has not completely evaporated.

[crumbdon]

Oct 13, 2011 12:06:55 GMT -5 natsalilfly said:

This is just the info I have on Scottrade. XLF is still heavily weighted towards banks JPM 8.37%, WF 9.08%, BRK/B 8.91%, then C, BAC, GS, AXP, USB, SPG, MET. I don't understand why FAS is no longer weighted similarly as it used to be, except that this could explain why it has not completely evaporated.

I could be wrong, but I believe FAS/FAZ are indexed to RIFIN, not XLF. RIFIN components are somewhat different than those of XLF, such as inclusion of Real Estate.
I'll see if I can find the site I've used before with more in-depth info.

[Ras]

AAPL continues going in the opposite direction of SPY. When SPY was touching lows of the day AAPL wasn't there but somewhere in 406+ range and now that SPY is close to 120, AAPL has changed direction and going down.

[Ras]

Now it is getting in sync with the market. Moving up along with SPY.