PPDT - 10/25/2011 Tuesday - PP-XLF = 13.34

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=13.34
MP=13.44 R1=13.53 MP=13.59 R2=13.64 MP=13.79 R3=13.94 MP=14.09 R4=14.24
MP=13.29 S1=13.23 MP=13.14 S2=13.04 MP=12.89 S3=12.74 MP=12.59 S4=12.44
O=13.17 H=13.45 L=13.15 C=13.42

FAS PP=14.33
MP=14.62 R1=14.90 MP=15.07 R2=15.24 MP=15.69 R3=16.15 MP=16.60 R4=17.06
MP=14.16 S1=13.99 MP=13.71 S2=13.42 MP=12.96 S3=12.51 MP=12.05 S4=11.60
O=13.82 H=14.66 L=13.75 C=14.57

FAZ PP=43.07
MP=43.61 R1=44.15 MP=45.11 R2=46.07 MP=47.57 R3=49.07 MP=50.57 R4=52.07
MP=42.11 S1=41.15 MP=40.61 S2=40.07 MP=38.57 S3=37.07 MP=35.57 S4=34.07
O=44.8 H=44.98 L=41.98 C=42.24

SPY PP=125.12
MP=125.65 R1=126.17 MP=126.52 R2=126.86 MP=127.73 R3=128.60 MP=129.47 R4=130.34
MP=124.78 S1=124.43 MP=123.91 S2=123.38 MP=122.51 S3=121.64 MP=120.77 S4=119.90
O=124.17 H=125.8 L=124.06 C=125.49

SPG PP=121.95
MP=123.07 R1=124.18 MP=124.83 R2=125.48 MP=127.25 R3=129.01 MP=130.78 R4=132.54
MP=121.30 S1=120.65 MP=119.54 S2=118.42 MP=116.66 S3=114.89 MP=113.13 S4=111.36
O=120.62 H=123.26 L=119.73 C=122.87

GS PP=103.76
MP=104.36 R1=104.95 MP=105.43 R2=105.91 MP=106.99 R3=108.06 MP=109.14 R4=110.21
MP=103.28 S1=102.80 MP=102.21 S2=101.61 MP=100.54 S3=99.46 MP=98.39 S4=97.31
O=102.65 H=104.73 L=102.58 C=103.98

JPM PP=34.28
MP=34.63 R1=34.98 MP=35.19 R2=35.40 MP=35.96 R3=36.52 MP=37.08 R4=37.64
MP=34.07 S1=33.86 MP=33.51 S2=33.16 MP=32.60 S3=32.04 MP=31.48 S4=30.92
O=33.61 H=34.69 L=33.57 C=34.57

MS PP=17.16
MP=17.29 R1=17.41 MP=17.54 R2=17.67 MP=17.93 R3=18.18 MP=18.44 R4=18.69
MP=17.03 S1=16.90 MP=16.78 S2=16.65 MP=16.40 S3=16.14 MP=15.89 S4=15.63
O=17.3 H=17.42 L=16.91 C=17.15

C PP=31.31
MP=31.73 R1=32.14 MP=32.41 R2=32.68 MP=33.37 R3=34.05 MP=34.74 R4=35.42
MP=31.04 S1=30.77 MP=30.36 S2=29.94 MP=29.26 S3=28.57 MP=27.89 S4=27.20
O=30.48 H=31.85 L=30.48 C=31.6

VIX PP=29.93
MP=30.48 R1=31.03 MP=31.91 R2=32.79 MP=34.22 R3=35.65 MP=37.08 R4=38.51
MP=29.05 S1=28.17 MP=27.62 S2=27.07 MP=25.64 S3=24.21 MP=22.78 S4=21.35
O=31.67 H=31.7 L=28.84 C=29.26

UUP PP=21.52
MP=21.55 R1=21.58 MP=21.63 R2=21.68 MP=21.76 R3=21.84 MP=21.92 R4=22.00
MP=21.47 S1=21.42 MP=21.39 S2=21.36 MP=21.28 S3=21.20 MP=21.12 S4=21.04
O=21.6 H=21.61 L=21.45 C=21.49

FROM: www.econoday.com

Economic Events & Analysis - 10/25/2011 Tuesday


7:45 AM ET ICSC-Goldman Store Sales
8:55 AM ET Redbook
9:00 AM ET S&P Case-Shiller HPI
10:00 AM ET Consumer Confidence
10:00 AM ET FHFA House Price Index
10:00 AM ET Richmond Fed Manufacturing Index
10:00 AM ET State Street Investor Confidence Index
11:30 AM ET 4-Week Bill Auction
1:00 PM ET 2-Yr Note Auction


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 1688.73
R2 1671.63
R1 1662.97

PP 1654.53

S1 1645.87
S2 1667.43
S3 1620.33


SILVER

R3 33.39
R2 32.58
R1 32.21

PP 31.77

S1 31.40
S2 30.96
S3 30.15


IWM

R3 77.56
R2 75.14
R1 74.28

PP 72.72

S1 71.86
S2 70.30
S3 67.88




TNA

R3 54.07
R2 49.95
R1 48.48

PP 45.83

S1 44.36
S2 41.71
S3 37.59



TZA

R3 40.16
R2 36.74
R1 34.54

PP 33.22

S1 31.12
S2 29.90
S3 26.48


SDS

R3 21.70
R2 21.10
R1 20.74

PP 20.50

S1 20.14
S2 19.90
S3 19.30


SSO

R3 48.72
R2 47.44
R1 46.93

PP 46.16

S1 45.65
S2 44.88
S3 43.60

…………………………..GLTA

[ask2lern]

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

Indexes break several resistance levels

The indexes continued their strong move to the upside, with the Nasdaq 100 now closer to the highs of the year for the first time in several months.

The Russell 2000 was the outperformer on the day but still lags behind both the S&P 500 and the Nasdaq 100 for the year so far. The small-cap index stopped just short of its high of the trading range from August.

The overall market move was strong enough to see the indexes ease through several notable resistance levels. Support levels have rolled up as a result.

Nasdaq 100 (NDX)
Support is at 2372.74, then 2349.79, and 2323.78, its 10-day moving average. Resistance is at 2418.99 and then 2438.44, its year-to-date high. On a break above that level, next resistance would be at 2447.72.

S&P 500 (SPX)
Support is at 1249.05, then 1233.10, and 1217.50, its 10-day moving average. Resistance is at 1267.53 and then at 1274.61, its 200-day moving average. On a break above the 200-day moving average, next resistance is at 1294.70.

Russell 2000 (RUT)
Support is at 718.63, then at 703.78, its 10-day moving average. On a break below the 10-day moving average, support is at 685.91, its 50-day moving average. Resistance is at 737.64, the pivot range high for the last three months. On a break above that pivot, next resistance would be at 750.06 and then at 768.96.

[ask2lern]

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

Housing, retail, consumer data on tap

Today's economic calendar will feature housing data and consumer sentiment, as well as the weekly retail sales numbers.

At 7:45 a.m. ET, the weekly ICSC/Goldman Store Sales report will be released. There are two parts to the report, the week-over-week and year-over-year comparisons. Most traders focus on the year-over-year number because it is a better indicator of the longer-term trend.

The last week-over-week change came in 0.1 percent, while the year-over-year data in the previous report showed a gain of 3.6 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be viewed as bearish.

The weekly Redbook Store Sales will be reported at 8:55 a.m. ET. As with the ICSC-Goldman report, there are two components to watch, the more volatile month-over-month change and the year-over-year data.

The last month-over-month change came in at -0.6 percent, while the previous report's year-over-year reading was 4.6 percent. Negative numbers in either series would be bearish.

At 9 a.m. ET we will get the S&P Case-Shiller Home Price Index. The consensus forecast calls for a gain of 0.4 percent, without seasonal adjustments. Estimates range from a smaller gain of 0.2 percent, which would be bearish, to a larger and bullish 0.6 percent.

The Conference Board's Consumer Confidence Index comes out at 10 a.m. ET. Most analysts anticipate very little change since last month, with the index expected to come in at 46. The range of forecasts is wide, from a bearish 40 to a bullish 50.

The FHFA House Price Index will also be released at 10 a.m. ET. Consensus calls for a rise of 0.3 percent from last month. Estimates range from no change, which would be bearish, to a more bullish gain of 0.4 percent.

[ask2lern]

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 35 points or -2.81% downside to 1219 and 0.00% upside to 1254. $spy
19 minutes ago Favorite Retweet Reply

[rex]

Oct 25, 2011 7:05:44 GMT -5 ask2lern said:

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 35 points or -2.81% downside to 1219 and 0.00% upside to 1254. $spy
19 minutes ago Favorite Retweet Reply

Funny, I've never seen it as a one sided set up.

[Clinton SPX]

Oct 25, 2011 7:17:07 GMT -5 rex said:

Oct 25, 2011 7:05:44 GMT -5 ask2lern said:

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 35 points or -2.81% downside to 1219 and 0.00% upside to 1254. $spy
19 minutes ago Favorite Retweet Reply

Funny, I've never seen it as a one sided set up.

Really, 0% chance of upside? even a mega bear like me will admit theres always a chance for more upside

[Clinton SPX]

bloomberg needs to make up their mind -Copper May Drop on Concern Demand Will Weaken as European Crisis Persists
Q
By Maria Kolesnikova - Oct 25, 2011 7:52 AM ET

inShare
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Enlarge image
The metal for delivery in three months on the London Metal Exchange gained as much as 2.4 percent to $7,820 a metric ton, the highest level since Sept. 22, and after surging 13 percent in the past two days. Photographer: Chris Ratcliffe/Bloomberg
Copper may fall in New York on concern demand is set to worsen as Europe’s sovereign-debt crisis persists.

[Clinton SPX]

CAC red DAX green
Looking like Germany is NOT going to pay for Frances bad bets. as much as they hoped.

[crumbdon]

Oct 25, 2011 7:05:44 GMT -5 ask2lern said:

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 35 points or -2.81% downside to 1219 and 0.00% upside to 1254. $spy
19 minutes ago Favorite Retweet Reply

ZERO % upside? Really?

So apparently their real name is ZeroHedgeye, huh?

That's kinda funny...

[Clinton SPX]

Today's Economic And Political Docket - Peak Rumors, And Some Facts
Submitted by Tyler Durden on 10/25/2011 08:11 -0400

Case-Shiller China Conference Board Consumer Confidence Eurozone Gambling Gross Domestic Product headlines Nomination Richmond Fed South Carolina Tax Withholding Unemployment Unemployment Insurance


The only thing that continues to matter is headlines, as alpha continues to be dead and buried under 6 feet of noise. For those who care, however, here is the actual data in today's fact-based docket.

Economics

9:00: S&P/Case-Shiller home price index (August): Stable prices. GS model based on asking prices points to a small increase in the seasonally adjusted Case-Shiller 20-city index during May. This would leave prices down 3.3% from a year earlier.
GS +0.2%; Consensus: +0.1%; Last +0.1%.

10:00: Conference Board confidence index (October): Small increase? Goldman forecasts a small increase in the index of consumer confidence, based partly on the rise in stock prices. Measures of consumer confidence in general show household sentiment steady at subdued levels.
GS: 48.0; Consensus: 46.0; Last: 45.4. MAP: 3

10:00: FHFA House Price Index (August): Another gain. This index—which tracks the purchase price of homes with agency-conforming mortgages—has risen in every month since March.
Consensus: +0.2%; Last +0.8%.

10:00: Richmond Fed survey (October): Tie breaker. The Philadelphia Fed index improved sharply this month but the Empire State index was about unchanged and still well below zero. The Richmond Fed index should help determine which is a better characterization of current manufacturing activity. In addition to a manufacturing index, the Richmond Fed survey contains a separate set of questions sent to firms in service-providing industries, which is one of the few direct measures of services activity in the monthly indicator cycle.
Consensus: Flat; Last -6. MAP: 1

11:30: Treasury will auction a $30.0 billion 4-week bill which will raise no new cash.

13:00: Treasury will auction a $35.0 billion 2-year note to raise $8.066 billion.

Politics

10:00 am – House Republican press briefing. The entire House leadership will hold a briefing following their weekly caucus meeting. The House is set this week to consider one small part of the President’s jobs package—a repeal of the 3% tax withholding on govt. contractors set to take effect Jan. 1—but hasn’t announced action on any other pieces, despite mildly supportive comments from Republican leaders related to the payroll tax cut extension, small business tax relief, and unemployment insurance extension if coupled with reform.

10:00 am – Treasury testifies on US-China economic relations. The Ways and Means Committee will hold a hearing on the trade with China and other economic aspects of the relationship, with Treasury Undersec Lael Brainard and Dep. USTR Demetrios Marantis testifying. Treasury announced that it would delay its semi-annual report past the Oct. 15 due date, until at least mid-November in order to first assess progress made at several multilateral meetings. Brainard is likely to come under pressure from committee members to take a position on the Senate’s currency legislation, which passed that chamber earlier this month. Additional hearings are likely in the House, as Republican leadership in that chamber tries to continue the focus on the issue through actions other than taking up the Senate-passed currency legislation.

10:00 am – Treasury testifies on Eurozone implications for US. House Financial Services holds a hearing on implications of the Eurozone crisis on the US, with Treasury Asst. Sec. Charles Collyns. The emphasis will be on the financial sector, which is the most important transmission mechanism of Europe’s current problems to the US.

10:00 am – Student loans. Debt related to student loans, which are mostly government backed, has risen quickly over the last few years, and appears to an issue of growing political importance. The head of the Dept. of Education’s Office of Federal Student Aid will testify on the issue in the House Education and Workforce Committee.

10:30 am -- Internet gaming. The House Energy and Commerce Committee will look at the issue, with continuing efforts in the background by some influential lawmakers to overturn the ban on internet gambling in the US, replacing it with a state licensing regime, which if it occurred most expect would to lead to taxation and additional government revenue.

11:00 am – Texas Gov. Rick Perry speaks on his economic plan in South Carolina. He outlines the proposal in an op-ed this morning in the Wall St. Journal. Perry proposes a flat tax of 20%, with continuation of only three deductions, only for annual income under $500,000: the mortgage interest deduction, the charitable deduction, and the state and local tax deduction (no mention of employer sponsored health benefits, which would presumably no longer be excluded from income, nor any mention of tax exempt interest). Perry also calls for a 20% corporate tax rate, and to allow a temporary profit repatriation tax holiday. He would cap spending at 18% of GDP, calls for a balanced budget amendment to the constitution, and optional private accounts in Social Security. There is no mention of US-China economic relations, which have been a focus for former Mass. Gov. Mitt Romney. Perry currently stands at 12.5% in an average of recent polls for the Republican nomination, third to Cain (26%) and Romney (25.5%).

[Clinton SPX]

I dont see how



AP - October rise expected in consumer confidence index
Consumer confidence index expected to show rise in early October, but mood still gloomy

[Clinton SPX]

CAC moving down. I hope this signals the top

[Clinton SPX]

shiller - worse than expected

[Clinton SPX]

what a joke

Attachments:

[Clinton SPX]

500 pips in a minute
currencies are a clown car

[Clinton SPX]

1500 pips other direction

Attachments:

[Clinton SPX]

EU fin meeting CANCELLED

[rex]

Tomorrows summit might be the next cancelation.

[Clinton SPX]

what will it take for institutional money to get nervous enough to exit stage left?

[Clinton SPX]

Oct 25, 2011 7:41:50 GMT -5 Clinton SPX said:

I dont see how



AP - October rise expected in consumer confidence index
Consumer confidence index expected to show rise in early October, but mood still gloomy

worst number since 2009

[Clinton SPX]

covered yesterdays fin short on that dip
will reshort later maybe

[Clinton SPX]

slump buster

[Clinton SPX]

Oct 25, 2011 9:05:10 GMT -5 Clinton SPX said:

Oct 25, 2011 7:41:50 GMT -5 Clinton SPX said:

I dont see how



AP - October rise expected in consumer confidence index
Consumer confidence index expected to show rise in early October, but mood still gloomy

worst number since 2009

Lets get oil to 100 we can get that to worst number since 1929

[Clinton SPX]

a good omen for bears?

Attachments:

[Clinton SPX]

Submitted by Charles Hugh Smith from Of Two Minds








-- A classic megaphone pattern has emerged, a pattern which is usually a topping formation.

-- The current rally could be forming the right shoulder of a long-term head-and-shoulders top. If we examine the "head," we discern a classic head-and-shoulders pattern; the break of the uptrend set up a test of the neckline, and now the current rally is the right shoulder of a multi-year top.

A decisive rally above 1,350 to new highs would of course negate this pattern.

[Clinton SPX]

they've got one tool left in their tool box and thats "buy more euros."

[ask2lern]

Watching SPY 124.39 to get above otherwise more down IMO..................Gold is up and IT IS NOT RETAIL IMO................just look at the vol on GLD...............central banks is my guess..................EU situation not getting enough attention and I do not think most realize how fast this thing could fall apart............probably wont but like a fire if is starts it could get out of hand fast me thinks........................GLTA

[ask2lern]

My speculation on the gold is that there is an expectation that the EU will not come to an agreement and the FED will come to the rescue with the printing presses.......................just my thoughts and as always I very likely could be wrong................... ;D

[ask2lern]

Getting 17 finance ministers to agree on a package by tomorrow is about as likely as Gap, Virt and Tef joining fastopia and acting civilized in a discussion as to if we are in a bull or bear market...................