PPDT - 10/28/2011 Friday - PP-XLF = 13.96

[ask2lern]

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


GOLD


R3 1813.53
R2 1775.23
R1 1760.97

PP 1736.93

S1 1722.67
S2 1698.63
S3 1660.33


SILVER

R3 38.75
R2 36.73
R1 35.96

PP 34.71

S1 33.94
S2 32.69
S3 30.67


IWM

R3 83.99
R2 79.67
R1 78.04

PP 75.35

S1 73.72
S2 71.03
S3 66.71




TNA

R3 60.79
R2 56.16
R1 54.27

PP 51.53

S1 49.64
S2 46.90
S3 42.27



TZA

R3 35.25
R2 31.90
R1 29.91

PP 28.55

S1 26.56
S2 25.20
S3 21.85


SDS

R3 21.31
R2 20.37
R1 19.83

PP 19.43

S1 18.89
S2 18.49
S3 17.55


SSO

R3 52.48
R2 50.44
R1 49.56

PP 48.40

S1 47.52
S2 46.36
S3 44.32

…………………………..GLTA

[ask2lern]

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

S&P 500 blows past major upside level

The indexes enjoyed one of their best sessions of the year yesterday as traders expressed relief over progress at the Eurozone debt-crisis summit.

The S&P 500 enjoyed a rare day of gains that exceeded 3 percent. (That, by the way, delays the return to our normal format that I mentioned yesterday morning.)

This time the volatility was all on the upside, increasing the daily range all the way through just about every resistance level I had indicated--even those in the event of an "outlier" move.

The key for the S&P 500 was also found in its internals. Only three sectors remain in the red now for the year. The banks have cut their losses to less than half of what they were since the lows of just three weeks ago. Only financials, materials, and the industrial sectors remain lower for 2011.

In terms of index levels, the break above the 200-day moving average for the S&P 500 was a major achievement. It leaves the bears with virtually no technical catalysts other than a generally overbought condition. The Russell 2000 also came very close to reaching that moving average as well, falling short by just a handful of points.

The Nasdaq 100 was the relative laggard on the day, finishing just under 3 percent higher. It has, however, very little distance to go before taking out its high for the year. That is a stunning achievement given that the index was at its lows just three weeks ago.

All of the levels have changed today as a result.

We can expect to see major action as we head into year's end as many portfolio managers are rumored to be short stock or not sufficiently long. If true, that could set up a "long squeeze" as they attempt to keep pace with their peer performance benchmarks. In many respects this is parallel to what happened in the "disbelief" phase of the 2009 rally that just wouldn't quit.

Nasdaq 100 (NDX)
Support is at 2373.82, then 2346.51, its 10-day moving average, and 2295.80, its 200-day moving average. Resistance is now at 2418.91 and then at 2438.44, the year-to-date high. On a breakout above the year-to-date high, next resistance would be at 2470.66.

S&P 500 (SPX)
Support is at its 200-day moving average, last at 1274.24. Below the 200-day, next support would be at 1256.55 and then at 1240.05, the previous trading range low from January to July of this year. Resistance is at 1298.61, then 1315.94, and 1325.86.

Russell 2000 (RUT)
Support is at 750.06, which was the previous outer band of resistance. Below this level, next support would be at 737.64 and then at 718.63. Resistance is at 779.26, its 200-day moving average. Above the 200-day, next resistance would be at 793.80 and then 797.53.

[ask2lern]

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

Income, labor, consumer data on deck

There are three reports scheduled for Friday, none of which are likely to produce much in the way of surprises.

At 8:30 a.m. ET, Personal Income and Outlays data will be reported. Expectations are for increases in income and spending, both by 0.3 percent. That is close to ideal, with incomes rising just a bit faster than spending the optimal case. Income and spending declines would be bearish.

Also at 8:30 a.m. ET, the Employment Cost Index comes out. Most economists expect it to rise by 0.6 percent, with a narrow range of estimates from 0.5 percent to 0.8 percent. This is a quarterly number, so it would take a reading above 1 percent to show any signs of inflationary pressure.

The final Reuters/University of Michigan Consumer Sentiment Index data for October will be released at 9:55 a.m. ET. The consensus forecast calls for a reading of 74.1, up from the mid-month reading of 73.8. Estimates range from a more bearish 70 to a bullish 75.

[ask2lern]

MattAtEmptus Matt Peters, CMT
FWIW: $TRIN "very short term" $SPX oversold/overbought signal has been rather reliable. TRIN close=.37 (<.50=$SPX overbought/>1.50=oversold)
44 seconds ago Favorite Retweet Reply

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=13.96
MP=14.11 R1=14.25 MP=14.35 R2=14.45 MP=14.70 R3=14.94 MP=15.19 R4=15.43
MP=13.86 S1=13.76 MP=13.62 S2=13.47 MP=13.23 S3=12.98 MP=12.74 S4=12.49
O=13.89 H=14.17 L=13.68 C=14.04

FAS PP=16.13
MP=16.55 R1=16.97 MP=17.27 R2=17.56 MP=18.28 R3=18.99 MP=19.71 R4=20.42
MP=15.84 S1=15.54 MP=15.12 S2=14.70 MP=13.99 S3=13.27 MP=12.56 S4=11.84
O=15.86 H=16.73 L=15.3 C=16.37

FAZ PP=36.88
MP=37.81 R1=38.73 MP=40.03 R2=41.32 MP=43.54 R3=45.76 MP=47.98 R4=50.20
MP=35.59 S1=34.29 MP=33.37 S2=32.44 MP=30.22 S3=28.00 MP=25.78 S4=23.56
O=37.79 H=39.48 L=35.04 C=36.13

SPY PP=127.46
MP=129.03 R1=130.59 MP=131.58 R2=132.56 MP=135.11 R3=137.66 MP=140.21 R4=142.76
MP=126.48 S1=125.49 MP=123.93 S2=122.36 MP=119.81 S3=117.26 MP=114.71 S4=112.16
O=127.63 H=129.42 L=124.32 C=128.63

SPG PP=128.24
MP=129.60 R1=130.96 MP=131.89 R2=132.82 MP=135.11 R3=137.40 MP=139.69 R4=141.98
MP=127.31 S1=126.38 MP=125.02 S2=123.66 MP=121.37 S3=119.08 MP=116.79 S4=114.50
O=125.98 H=130.1 L=125.52 C=129.1

GS PP=114.64
MP=116.97 R1=119.29 MP=120.73 R2=122.17 MP=125.94 R3=129.70 MP=133.47 R4=137.23
MP=113.20 S1=111.76 MP=109.44 S2=107.11 MP=103.35 S3=99.58 MP=95.82 S4=92.05
O=110.33 H=117.53 L=110 C=116.4

JPM PP=36.75
MP=37.28 R1=37.81 MP=38.20 R2=38.59 MP=39.51 R3=40.43 MP=41.35 R4=42.27
MP=36.36 S1=35.97 MP=35.44 S2=34.91 MP=33.99 S3=33.07 MP=32.15 S4=31.23
O=36.56 H=37.54 L=35.7 C=37.02

MS PP=18.96
MP=19.49 R1=20.02 MP=20.33 R2=20.63 MP=21.47 R3=22.30 MP=23.14 R4=23.97
MP=18.66 S1=18.35 MP=17.82 S2=17.29 MP=16.46 S3=15.62 MP=14.79 S4=13.95
O=18.05 H=19.57 L=17.9 C=19.41

C PP=33.76
MP=34.29 R1=34.81 MP=35.13 R2=35.45 MP=36.30 R3=37.14 MP=37.99 R4=38.83
MP=33.44 S1=33.12 MP=32.60 S2=32.07 MP=31.23 S3=30.38 MP=29.54 S4=28.69
O=33.37 H=34.4 L=32.71 C=34.17

VIX PP=25.54
MP=25.96 R1=26.38 MP=26.84 R2=27.30 MP=28.18 R3=29.06 MP=29.94 R4=30.82
MP=25.08 S1=24.62 MP=24.20 S2=23.78 MP=22.90 S3=22.02 MP=21.14 S4=20.26
O=24.72 H=26.46 L=24.7 C=25.46

UUP PP=21.16
MP=21.20 R1=21.24 MP=21.29 R2=21.34 MP=21.43 R3=21.52 MP=21.61 R4=21.70
MP=21.11 S1=21.06 MP=21.02 S2=20.98 MP=20.89 S3=20.80 MP=20.71 S4=20.62
O=21.2 H=21.25 L=21.07 C=21.15

FROM: www.econoday.com

Economic Events & Analysis - 10/28/2011 Friday


8:30 AM ET Personal Income and Outlays
8:30 AM ET Employment Cost Index
9:55 AM ET Consumer Sentiment


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]

CAC moving down

[Clinton SPX]

vol drying up
time for the euro monkey

[elle]

hi guys, not watching much, seems like one of those days when they try to trick people into going long and short. trying to "do no harm" going into weekend.

that being said, looks like going for yesterdays hi, now or 3:00, wish it could have pulled back more for a better run at it :/

[Clinton SPX]

Markets rallied sharply in the past week as investors cheered the European deal to shore up euro-zone banks and boost the firepower of its rescue, turning now to the fundamentals of the U.S. economy.

“We threw a party because Europe reached a deal, and now we have to clean up and see what’s actually there,” said Scott Armiger, portfolio manager at Christiana Trust.

The Federal Open Market Committee will grab the spotlight with its regularly scheduled two-day meeting Tuesday, followed by a highly anticipated statement and press conference by Federal Reserve Chairman Ben Bernanke on Wednesday.

Analysts say they do not expect any major policy decisions to come out of the Fed meeting due to the upbeat U.S. growth report last Thursday, which showed the U.S. economy grew 2.5% in the third quarter, more than double the growth rate in the second quarter. The Fed statement on Wednesday will include updated forecasts for U.S. growth.

“In light of an improving tone and outlook for the economy, the pressure on monetary policymakers to ‘do something’ is diminished — at least at this week’s two-day FOMC meeting,” wrote analysts at Deutsche Bank, adding that policymakers will remain skeptical that the economy is moving toward a “significantly firmer growth profile.”

Recent comments from regional Fed governors about buying mortgage-backed securities had prompted speculation of another round of easing to help lift the lagging real estate market. Read more on speculation for more Fed easing.

At the Fed’s meeting in September, Bernanke announced so-called “Operation Twist,” or its new program to buy longer-maturity Treasurys, in an attempt to lower long-term interest rates and boost the economy.

The Fed statement will come ahead of another key release on Friday: the October unemployment report. Analysts polled by MarketWatch expect the unemployment rate to continue hovering around 9% with fewer than 100,000 jobs created in October.

The stubbornly high unemployment rate signals a long and drawn-out economic recovery, despite a jump in third-quarter consumer spending, investors say.

“The reason that high unemployment is now systemic and no longer cyclical is because many of those lost jobs are permanently gone,” said Dan Genter, president of RNC Genter Capital Management. “They’ve either been exported overseas or become obsolete due to technology.”

A key manufacturing reading, the ISM Manufacturing Index, is also due out Tuesday, with the Chicago Purchasing Manufacturer’s Index released Monday as its precursor. Manufacturing in October is expected to expand for the 26th straight month on strong production growth, wrote economists at Moody’s Analytics.