|
Post by ask2lern on Oct 20, 2011 6:40:04 GMT -5
Good Morning Gang Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1694.53 R2 1671.43 R1 1657.57
PP 1648.33
S1 1634.47 S2 1625.23 S3 1602.13
SILVER
R3 34.30 R2 32.88 R1 32.11
PP 31.46
S1 30.69 S2 30.04 S3 28.62
IWM
R3 74.04 R2 71.96 R1 70.70
PP 69.88
S1 68.62 S2 67.80 S3 65.72
TNA
R3 48.31 R2 44.56 R1 42.32
PP 40.81
S1 38.57 S2 37.06 S3 33.31
TZA
R3 44.28 R2 41.10 R1 39.84
PP 37.92
S1 36.66 S2 34.75 S3 31.56
SDS
R3 23.43 R2 22.59 R1 22.26
PP 21.75
S1 21.42 S2 20.91 S3 20.07
SSO
R3 47.03 R2 45.34 R1 44.31
PP 43.65
S1 42.62 S2 41.96 S3 40.27
…………………………..GLTA
|
|
|
Post by ask2lern on Oct 20, 2011 6:42:39 GMT -5
From www.optionmonster.com ...................GLTA Nasdaq 100 leads all indexes lowerThe indexes went on another erratic ride yesterday, this time failing to hold gains and closing at the lows of the day. The Nasdaq 100 was the worst performer on the session, ending its recent run as the upside leader for most of the last month. The Russell 2000 nearly matched it in declines, with both down an average of 2 percent. The breadth of issues and sectors in the S&P 500 proved to be a blessing as that index ended down just over 1.25 percent. As for today's levels, the indexes are doing something quite a bit different from their behavior in previous earnings seasons. They are exhibiting smaller price swings despite some major stocks taking very large losses. If the indexes continue on this path, we may be back in normal conditions. Whether those conditions would be positive or negative remains to be seen. I am leaving a wider band in levels and have adjusted some values to reflect loss of support and moving-average changes. The moving averages are back as important touchstones for support, so traders would be well advised to track them carefully. The Nasdaq 100 in particular is just a few notches above its 200-day average. A break back below that support would not be bullish. Nasdaq 100 (NDX)Support is at 2293.83, its 200-day moving average. Support below the 200-day is at 2256.70, then 2227.38. First resistance is at 2337.70, the pivot high from September, then at 2373.82, and 2418.99. S&P 500 (SPX)Support is at 1198.25, its 10-day moving average, then at 1175.41, its 50-day moving average, and 1165.55. Resistance is at 1220.39, then at 1233.10, the range peak of the last three months. A break above that level would snap the trading range, with next resistance at 1249.05, which was the range low from the start of the year through July. Russell 2000 (RUT)Support is at 690.70, its 10-day moving average, then at 675.74, and 662.80. Resistance is at 701.55, then at 718.63, the September pivot high. On a break above that pivot, next resistance would be at 737.64, the pivot range high for the last three months.
|
|
|
Post by ask2lern on Oct 20, 2011 6:44:23 GMT -5
From www.optionmonster.com .........................GLTA Labor, housing, Fed data on calendarToday's calendar contains the last economic releases for the week. The breadth of reports in earnings season next week will swamp most economic data as traders focus more intently on results. The European Union summit on Sunday will also draw increasing attention from traders as they have come to expect some concrete results from the meeting in solving the Eurozone debt crisis. Jobless Claims data will be released at 8:30 a.m. ET. The consensus forecast calls for a slight drop to 400,000 claims from the previous week's 404,000. Estimates range from a bullish drop below the 400,000 barrier to 390,000 at the low to a bearish rise to 420,000 at the high. This relatively narrow range offers an increased chance of a surprise in either direction. If that should occur, we could see a very strong market reaction. Existing Home Sales will be released at 10 a.m. ET. Most economists predict a drop in sales to 4.93 million units, down from last month's 5.03 million. The range is from a deeper and more bearish 4.7 million units to a bullish jump to 5.25 million units. Also at 10 a.m. ET, the Philadelphia Fed Survey will be reported. Consensus calls for the number to come in at -9, which would be an improvement from last month's -17.5. Like most of the Fed surveys, this one has a history of being noisy. Estimates range from a more bearish -16.5 to a bullish 1. A number breaking either end of the range would likely produce a large reaction. Leading Indicators will also be released at 10 a.m. ET. Traders may start to give this report more weight as they look for signs of further strength or weakness in the economy. Most economists expect a rise of 0.3 percent. The range is from a less bullish rise of 0.1 percent to a bullish gain of 0.5 percent. A negative number would surprise markets on the downside.
|
|
|
Post by ask2lern on Oct 20, 2011 6:46:58 GMT -5
Fun Fact..................DOW CLOSE 12/31/1999 11,497..........DOW CLOSE 10/19/2011 11,504................7pts in 12 years...........hmmmm!!!!!
|
|
|
Post by ask2lern on Oct 20, 2011 6:49:02 GMT -5
Hedgeye Hedgeye As we look at today’s set up for the S&P 500, the range is 20 points or -0.73% downside to 1201 and 0.92% upside to 1221. $SPY 26 minutes ago Favorite Retweet Reply
|
|
|
Post by Clinton SPX on Oct 20, 2011 7:46:08 GMT -5
LOL last week's 404K "beat" was just revised to a 409K "miss."
|
|
|
Post by Clinton SPX on Oct 20, 2011 7:47:53 GMT -5
there was a pronounced deterioration in Texas, New York and California, which all saw a spike in layoffs, by 4,644; 8,568 and 13,882 respectively, due to layoffs in the manufacturing, service, retail and transportation industries.
|
|
|
Post by Clinton SPX on Oct 20, 2011 7:53:57 GMT -5
Not sure how you have a 5K error in counting unemployment claims a week later. I would think computers should be able to tell you EXACTLY how many people were filing/collecting
|
|
|
Post by ask2lern on Oct 20, 2011 8:25:38 GMT -5
TradeHawk TradeHawk AAII Trader Sentiment for week ending 10/19/2011: Bullish from 40% to 36%, Neutral from 24% to 29%, Bearish from 36% to 35%. $$ 28 minutes ago Favorite Retweet Reply
|
|
|
Post by kryptos2009 on Oct 20, 2011 10:02:40 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=12.73 MP=12.81 R1=12.89 MP=13.04 R2=13.18 MP=13.40 R3=13.63 MP=13.85 R4=14.08 MP=12.59 S1=12.44 MP=12.36 S2=12.28 MP=12.05 S3=11.83 MP=11.60 S4=11.38 O=12.8 H=13.01 L=12.56 C=12.61 FAS PP=12.54 MP=12.77 R1=12.99 MP=13.38 R2=13.76 MP=14.37 R3=14.98 MP=15.59 R4=16.20 MP=12.16 S1=11.77 MP=11.55 S2=11.32 MP=10.71 S3=10.10 MP=9.49 S4=8.88 O=12.79 H=13.32 L=12.1 C=12.21 FAZ PP=49.79 MP=51.26 R1=52.72 MP=53.56 R2=54.39 MP=56.69 R3=58.99 MP=61.29 R4=63.59 MP=48.96 S1=48.12 MP=46.66 S2=45.19 MP=42.89 S3=40.59 MP=38.29 S4=35.99 O=48.93 H=51.47 L=46.87 C=51.04 SPY PP=121.64 MP=122.11 R1=122.57 MP=123.29 R2=124.01 MP=125.20 R3=126.38 MP=127.57 R4=128.75 MP=120.92 S1=120.20 MP=119.74 S2=119.27 MP=118.09 S3=116.90 MP=115.72 S4=114.53 O=122.38 H=123.08 L=120.71 C=121.13 SPG PP=116.15 MP=116.66 R1=117.16 MP=117.97 R2=118.77 MP=120.08 R3=121.39 MP=122.70 R4=124.01 MP=115.35 S1=114.54 MP=114.04 S2=113.53 MP=112.22 S3=110.91 MP=109.60 S4=108.29 O=117.19 H=117.75 L=115.13 C=115.56 GS PP=102.02 MP=102.87 R1=103.71 MP=105.18 R2=106.64 MP=108.95 R3=111.26 MP=113.57 R4=115.88 MP=100.56 S1=99.09 MP=98.25 S2=97.40 MP=95.09 S3=92.78 MP=90.47 S4=88.16 O=101.55 H=104.94 L=100.32 C=100.79 JPM PP=32.76 MP=33.13 R1=33.50 MP=34.12 R2=34.74 MP=35.73 R3=36.72 MP=37.71 R4=38.70 MP=32.14 S1=31.52 MP=31.15 S2=30.78 MP=29.79 S3=28.80 MP=27.81 S4=26.82 O=32.77 H=34.01 L=32.03 C=32.25 MS PP=16.92 MP=17.18 R1=17.44 MP=17.84 R2=18.24 MP=18.90 R3=19.56 MP=20.22 R4=20.88 MP=16.52 S1=16.12 MP=15.86 S2=15.60 MP=14.94 S3=14.28 MP=13.62 S4=12.96 O=17.07 H=17.72 L=16.4 C=16.64 C PP=29.97 MP=30.36 R1=30.75 MP=31.43 R2=32.10 MP=33.17 R3=34.23 MP=35.30 R4=36.36 MP=29.30 S1=28.62 MP=28.23 S2=27.84 MP=26.78 S3=25.71 MP=24.65 S4=23.58 O=29.97 H=31.33 L=29.2 C=29.39 VIX PP=33.94 MP=34.96 R1=35.97 MP=36.74 R2=37.50 MP=39.28 R3=41.06 MP=42.84 R4=44.62 MP=33.18 S1=32.41 MP=31.40 S2=30.38 MP=28.60 S3=26.82 MP=25.04 S4=23.26 O=32.92 H=35.47 L=31.91 C=34.44 UUP PP=21.75 MP=21.80 R1=21.84 MP=21.87 R2=21.90 MP=21.98 R3=22.05 MP=22.13 R4=22.20 MP=21.72 S1=21.69 MP=21.65 S2=21.60 MP=21.53 S3=21.45 MP=21.38 S4=21.30 O=21.67 H=21.81 L=21.66 C=21.78 FROM: www.econoday.comEconomic Events & Analysis - 10/20/2011 ThursdayAdditional 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.
|
|
|
Post by ask2lern on Oct 20, 2011 10:19:26 GMT -5
Looks like 119.20 area on the 60 min spy has provided support so I wont get real excited about shorts until we move below that on the 5min spy looks like a bear flag................copper is telling an ugly story all IMO........BTD in GLD.......... ;D.....GLTA
|
|
|
Post by ask2lern on Oct 20, 2011 10:21:41 GMT -5
terranovajoe Joe Terranova Dec Copper low for the year 299.40 on October 3rd, getting uncomfortably close 6 minutes ago Favorite Retweet Reply
|
|
|
Post by ask2lern on Oct 20, 2011 11:08:32 GMT -5
As many have said on CNBC today that anybody hoping for a EU agreement this weekend is not being realistic ( I agree BTW)...................That is similar to what many said going onto the bears sterns weekend and I disagreed despite everybody everywhere being bearish..............to many on the wrong side of the boat I thought have faith and loaded up on bear Stearn's.................it was one of the top losses I ever took on a position................ there are a lot of dead hero's in the grave yard...............
|
|
|
Post by jack on Oct 20, 2011 11:15:36 GMT -5
As many have said on CNBC today that anybody hoping for a EU agreement this weekend is not being realistic ( I agree BTW)...................That is similar to what many said going onto the bears sterns weekend and I disagreed despite everybody everywhere being bearish..............to many on the wrong side of the boat I thought have faith and loaded up on bear Stearn's.................it was one of the top losses I ever took on a position................ there are a lot of dead hero's in the grave yard............... Actually... there's a lot of dead cowards, thieves, murderers, adulterers, etc. there too.
|
|
|
Post by ask2lern on Oct 20, 2011 11:23:17 GMT -5
OptionRadar Joe Kunkle $SPY Max Pain is 119 for tomorrow - keep that in mind... 11 minutes ago Favorite Retweet Reply
|
|
|
Post by ask2lern on Oct 20, 2011 11:36:50 GMT -5
mrtopstep Mr TopStep Mr Top Step says according to the S&P cash study for the OCT expiration the S&P has been up 11 / down 17 out of the last 27 occasion 9 minutes ago Favorite Retweet Reply
|
|
|
Post by Clinton SPX on Oct 20, 2011 11:39:25 GMT -5
Even number play SPY found support for a bounce at 120.00
|
|
|
Post by ask2lern on Oct 20, 2011 11:46:31 GMT -5
1min TICK looks like small buy program running.................
|
|
|
Post by ask2lern on Oct 20, 2011 12:19:51 GMT -5
zerohedge zerohedge Bullard Says More QE Possible If Economy Weakens Further 16 minutes ago Favorite Retweet Reply
Gold MKT not buying it yet......................GLTA
|
|
|
Post by ask2lern on Oct 20, 2011 12:22:39 GMT -5
OptionRadar Joe Kunkle $ES_F had first trend break of day at 12:30pm, good for about 10 point move already 7 minutes ago Favorite Retweet Reply
|
|
|
Post by natsalilfly on Oct 20, 2011 12:24:31 GMT -5
Anyone notice FITB today?
|
|
|
Post by ask2lern on Oct 20, 2011 12:29:02 GMT -5
SPY range I am watching is 121.69-120.94 to determine direction.................GLTA
|
|
|
Post by natsalilfly on Oct 20, 2011 13:44:34 GMT -5
Nice tag and bounce off the XLF 50dma, 6mo chart. Exactly what I've been looking for. But, the EU could still screw it up.
|
|
|
Post by elle on Oct 20, 2011 14:39:28 GMT -5
hey, anything happen today? market flat
|
|
|
Post by elle on Oct 20, 2011 14:49:39 GMT -5
staying long o/n, possible sell late morning, but Fri looks good to me for at least a shot we finally hold above 1225 for any period.
$$ flos mixed
|
|
|
Post by elle on Oct 20, 2011 14:51:28 GMT -5
except for stoopid, stoopid rumors (aka news) which seem to happen on a daily if not hourly basis
|
|
|
Post by elle on Oct 20, 2011 14:53:18 GMT -5
long jpm, jic gets throo 50 at 33.27 again and holds. how many times can it fail? how much disappointment can a squirrel take?
|
|
|
Post by crumbdon on Oct 20, 2011 15:00:06 GMT -5
long jpm, jic gets throo 50 at 33.27 again and holds. how many times can it fail? how much disappointment can a squirrel take? I would offer you a shoulder to lean on, but I'm told I smell vaugely of wet dog and "Beggin' Strips". Not so comforting, I suppose.... Hang in there- it's something squirrels do best. ;D
|
|
|
Post by elle on Oct 20, 2011 15:05:24 GMT -5
close, but no cigar, is actually better I think. running to the close not a good sign - I will be a b/o buyer above (my latest incarnation, b/o buyer - proof! I want lots of proof! - tired of blowing up on a regular basis) maybe even add here, have to think about it.
see ya'
|
|
|
Post by shipoffools on Oct 20, 2011 15:30:46 GMT -5
Anyone notice FITB today? Watched it all day, my trading partner with much more moolah than I traded it 3 times today (short) for 10K. He's happy!
|
|