PPDT - 10/27/2011 Thursday - PP-XLF = 13.19

[ask2lern]

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


GOLD


R3 1758.00
R2 1739.70
R1 1733.10

PP 1721.40

S1 1714.80
S2 1703.10
S3 1684.80


SILVER

R3 35.00
R2 34.22
R1 33.85

PP 33.44

S1 33.07
S2 32.66
S3 31.88


IWM

R3 77.06
R2 74.56
R1 73.57

PP 72.06

S1 71.07
S2 69.56
S3 67.06




TNA

R3 53.29
R2 48.79
R1 47.03

PP 44.29

S1 42.53
S2 39.79
S3 35.29



TZA

R3 41.31
R2 37.64
R1 35.43

PP 33.97

S1 31.76
S2 30.30
S3 26.63


SDS

R3 23.57
R2 22.69
R1 21.27

PP 20.93

S1 20.39
S2 20.05
S3 19.17


SSO

R3 48.85
R2 47.00
R1 46.27

PP 45.15

S1 44.42
S2 43.30
S3 41.45

…………………………..GLTA

[ask2lern]

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


SPX, RUT break resistance levels

The indexes were a mixed bag yesterday because of divergent earnings results.

The Nasdaq 100 was dragged down by Amazon.com and Research In Motion. But the S&P 500 took out one resistance level on the upside, while the Russell 2000 nearly took out two.

Starting tomorrow I will be returning to our old format, now that ranges have narrowed because of lower volatility (and volatility of volatility). It isn't clear how long this will last, but for now markets have settled into less treacherous conditions.

Nasdaq 100 (NDX)
First support is at 2295.10, its 200-day moving average. Support below the 200-day is at 2256.70. First resistance is at 2341.22, its 10-day moving average. On a break above the 10-day, next resistance would be at 2337.70, the pivot high from September, then 2373.82.

S&P 500 (SPX)
Support is at 1233.10 and then at 1224.32, its 10-day moving average. On a break below the 10-day, next support would be at 1180.61, its 50-day moving average. Resistance is at 1249.05, which was the previous trading range low from the start of the year through July. Above 1249.05 next resistance is at 1267.53.

Russell 2000 (RUT)
Support is at 718.63, the September pivot high, and then at 708.93, its 10-day moving average. On a break below the 10-day moving average, support is at 686.26, its 50-day moving average. Resistance is at 737.64, the pivot range high for the last three months. On a break above that level, next resistance is at 750.06.

[ask2lern]

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

GDP, jobless data, home sales on tap


The GDP is the key number on today's economic calendar.

The report, which will be released at 8:30 a.m. ET, is the first cut at an estimate for the third quarter. Expectations for this number coming in strong have ratcheted up in recent days, and the consensus forecast calls for growth of 2.5 percent.

Estimates range from a more bearish 1.8 percent to a very bullish 3.5 percent. A number that comes in anywhere close to, or beyond, either extreme is likely to produce a very strong market reaction.

The weekly Jobless Claims data also comes out at 8:30 a.m. ET. Most economists are projecting an even 400,000, little-changed from last week's 403,000.

Estimates range from a bullish 390,000 claims to a more bearish 410,000. This very narrow range increases the chances that we could see a surprise that breaks either end of the range. If that happens, markets will react with commensurate strength.

The Pending Home Sales Index will be released at 10 a.m. ET. Consensus calls for a slight month-over-month rise of 0.1 percent. The range is from a bearish -2 percent to a bullish 2.8 percent.

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=13.19
MP=13.29 R1=13.39 MP=13.47 R2=13.54 MP=13.71 R3=13.89 MP=14.06 R4=14.24
MP=13.12 S1=13.04 MP=12.94 S2=12.84 MP=12.66 S3=12.49 MP=12.31 S4=12.14
O=13.23 H=13.33 L=12.98 C=13.25

FAS PP=13.85
MP=14.16 R1=14.46 MP=14.66 R2=14.86 MP=15.37 R3=15.87 MP=16.38 R4=16.88
MP=13.65 S1=13.45 MP=13.15 S2=12.84 MP=12.34 S3=11.83 MP=11.33 S4=10.82
O=14.07 H=14.26 L=13.25 C=14.05

FAZ PP=44.01
MP=44.72 R1=45.42 MP=46.46 R2=47.50 MP=49.25 R3=50.99 MP=52.74 R4=54.48
MP=42.97 S1=41.93 MP=41.23 S2=40.52 MP=38.78 S3=37.03 MP=35.29 S4=33.54
O=43.22 H=46.1 L=42.61 C=43.33

SPY PP=123.76
MP=124.54 R1=125.31 MP=125.82 R2=126.32 MP=127.60 R3=128.88 MP=130.16 R4=131.44
MP=123.26 S1=122.75 MP=121.98 S2=121.20 MP=119.92 S3=118.64 MP=117.36 S4=116.08
O=124.35 H=124.77 L=122.21 C=124.3

SPG PP=123.09
MP=123.93 R1=124.76 MP=125.34 R2=125.92 MP=127.34 R3=128.75 MP=130.17 R4=131.58
MP=122.51 S1=121.93 MP=121.10 S2=120.26 MP=118.85 S3=117.43 MP=116.02 S4=114.60
O=121.77 H=124.26 L=121.43 C=123.59

GS PP=104.81
MP=106.54 R1=108.26 MP=109.23 R2=110.19 MP=112.88 R3=115.57 MP=118.26 R4=120.95
MP=103.85 S1=102.88 MP=101.16 S2=99.43 MP=96.74 S3=94.05 MP=91.36 S4=88.67
O=101.9 H=106.74 L=101.36 C=106.33

JPM PP=34.03
MP=34.30 R1=34.56 MP=34.75 R2=34.94 MP=35.40 R3=35.85 MP=36.31 R4=36.76
MP=33.84 S1=33.65 MP=33.39 S2=33.12 MP=32.67 S3=32.21 MP=31.76 S4=31.30
O=34.11 H=34.41 L=33.5 C=34.18

MS PP=16.68
MP=16.84 R1=17.00 MP=17.18 R2=17.36 MP=17.70 R3=18.04 MP=18.38 R4=18.72
MP=16.50 S1=16.32 MP=16.16 S2=16.00 MP=15.66 S3=15.32 MP=14.98 S4=14.64
O=16.97 H=17.04 L=16.36 C=16.64

C PP=31.10
MP=31.51 R1=31.92 MP=32.31 R2=32.70 MP=33.50 R3=34.30 MP=35.10 R4=35.90
MP=30.71 S1=30.32 MP=29.91 S2=29.50 MP=28.70 S3=27.90 MP=27.10 S4=26.30
O=31.59 H=31.87 L=30.27 C=31.15

VIX PP=30.93
MP=31.58 R1=32.23 MP=33.42 R2=34.60 MP=36.44 R3=38.27 MP=40.11 R4=41.94
MP=29.75 S1=28.56 MP=27.91 S2=27.26 MP=25.43 S3=23.59 MP=21.76 S4=19.92
O=30.44 H=33.3 L=29.63 C=29.86

UUP PP=21.52
MP=21.58 R1=21.63 MP=21.69 R2=21.74 MP=21.85 R3=21.96 MP=22.07 R4=22.18
MP=21.47 S1=21.41 MP=21.36 S2=21.30 MP=21.19 S3=21.08 MP=20.97 S4=20.86
O=21.43 H=21.64 L=21.42 C=21.51

FROM: www.econoday.com

Economic Events & Analysis - 10/27/2011 Thursday



8:30 AM ET GDP
8:30 AM ET Jobless Claims
9:45 AM ET Bloomberg Consumer Comfort Index
10:00 AM ET Pending Home Sales Index
10:30 AM ET EIA Natural Gas Report
11:00 AM ET Kansas City Fed Manufacturing Index
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
1:00 PM ET 7-Yr Note Auction
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.

[cosmic]

I'm seeing a TRIN of 1.45 or so which is kind of hot. Not 3-5 like a few weeks ago, but over 1.0 is supposedly kind of sell-ish.

I don't know how to read it. Pretty much every indicator went bizzaro because of today's pop.

[Clinton SPX]

SLV and GLD sure are happy

[cosmic]

TRIN showing 1.02 - apparently the early morning profiteering is abating some, however > 1.0 is still sizzleish.

[ask2lern]

SPY Levels I am watching 127.76 127.18 126.52 125.94.................GLTA

[cosmic]

TRIN now < 1
That's good for bulls.

But I could never hold over the weekend at this rate.

[metheny]

TRIN has been over 1 during portions of 18 of the last 21 days.

[maxi]

What were the results of the GDP and employment? Anyone know or should I go look it up and post for you!

[ask2lern]

GDP was 2.5 Jobless 403K............................GL

[natsalilfly]

Thank you Krptos and Ask2lern once again for all your work on this thread. It really does help me - mucho appreciation.

[ask2lern]

As long as SPY can stay above 127.53 should hold the gains IMO.................Also be aware that the VIX has moved down to the lower BB on the daily and many times it will bounce from there......................GLTA

[ask2lern]

I like ZSL near these levels for a swing.....................

[ask2lern]

PUT volume on SPY OCT 28 from 126-128 massive volume compared to OI........................

[ask2lern]

ukarlewitz ukarlewitz
A/D is 15:1. EOD, $NYMO and $NYHL will be way OB - ST headwind. But LT breadth $NYAD and $NYSI will be very bullish. Time frame matters
18 minutes ago Favorite Retweet Reply

[Rich]

would agree, need a resting place from yet to continue up.

is that grammatically correct

my brain is still fuzzy

[jack]

Oct 27, 2011 11:34:18 GMT -5 Rich said:

would agree, need a resting place from yet to continue up.

is that grammatically correct

my brain is still fuzzy

Probably not but who cares I still have that Shakira vid on my mind.

[ask2lern]

Oct 27, 2011 11:34:18 GMT -5 Rich said:

my brain is still fuzzy

your's gets unfuzzy?............wish mine did...................

[ask2lern]

Oct 27, 2011 10:04:30 GMT -5 cosmic said:

TRIN now < 1
That's good for bulls.

But I could never hold over the weekend at this rate.

You would think that with today it would be indicating a bit more faith in this rally..............waffling around the mid .80's on a day like today makes me cautious..............GL

[elle]

I think this is enough for me for today, unless we get a pullback (oink,oink)

[elle]

swing trade SPY R2 128.65

[cosmic]

What bothers me is how much of this is real buying or specialists nudging people into margin calls? Remember I said the market needs tricks now. Since it was converted into a casino, nothing is certain not even a dividend. So the market is getting "Netflixed" right up.

[natsalilfly]

New HODs all over the board

[cosmic]

Yep - not my non-leveraged bank but it made a high a little earlier. It's up 5-6%

[Rich]

yeah, Cos, this feels like a goose to me.

but after 6 months of badness, it was due.

[elle]

right, only neg I have is bellwether stock I watch that usually leads is down almost $1 (or bad news coming)

[elle]

2:00, the big boys are back in town

[elle]

don't you feel the Big Boys really like shorting, Going long (other than days like today) is so ho-hum, slow and ponderous, let the honest folks buy. But SHORTING, grabbing food from the mouths of orphans and widows - now that's something to relish.