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Post by ask2lern on Nov 1, 2011 6:26:19 GMT -5
Good Morning Gang
Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1750.32
R2 1735.03
R1 1725.56
PP 1719.74
S1 1710.27
S2 1704.45
S3 1689.16
SILVER
R3 35.77
R2 35.07
R1 34.70
PP 34.37
S1 34.00
S2 33.67
S3 32.97
IWM
R3 77.48
R2 75.97
R1 74.99
PP 74.46
S1 73.48
S2 72.95
S3 71.44
TNA
R3 54.54
R2 51.48
R1 49.50
PP 48.42
S1 46.44
S2 45.36
S3 42.30
TZA
R3 33.46
R2 31.77
R1 31.20
PP 30.08
S1 29.51
S2 28.39
S3 26.70
SDS
R3 21.23
R2 20.65
R1 20.45
PP 20.07
S1 19.87
S2 19.49
S3 18.91
SSO
R3 55.60
R2 50.56
R1 48.40
PP 45.52
S1 43.36
S2 40.48
S3 35.44
…………………………..GLTA
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Post by ask2lern on Nov 1, 2011 6:28:05 GMT -5
From www.optionmonster.com ......................GLTA Stocks remain in uptrendStocks pulled back on Monday, but stayed in their bullish uptrends. While the day may have felt dramatic, index levels just edged toward the bottom of their current bullish prices channels or toward key moving averages. They did so in a single day, rather than in a small series of steps over several days, magnifying the impact of the move. Initial support levels from Monday have now become resistance for Tuesday. Such pullbacks have occurred several times since the rally began early in October. Each index is now likely to test the bottoms of their prices channels or their respective 10-day moving averages. How they behave at those levels will determine if this is just a correction in a bullish context, or the start of something genuinely bearish. Nasdaq 100 (NDX)First support is at 2354.02, its 10-day moving average, and below that at 2296.28, its 200-day moving average. First resistance is now at 2373.82, then at 2418.91. S&P 500 (SPX)In the case of the S&P 500, support is now at its 10-day moving average, last 1243.71, which is close to 1240.05, the previous trading range low from January to July of this year. Below the 1240 area, support would be at 1221.06, and then at 1209.92. Resistance is now at its 200-day moving average, last at 1274.05. Above the 200-day, resistance would be at 1298.61, and thereafter at 1315.94. Russell 2000 (RUT)The Russell 2000 has support at 737.64, and then at 725.69, its 10-day moving average and a rough proxy for the bottom of its current bullish price channel. Below the 10-day moving average, support would be at 718.63. Resistance is now at 750.06 and thereafter at 778.73, its 200-day moving average. Above the 200-day next resistance would be at 793.80. |
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Post by ask2lern on Nov 1, 2011 6:30:01 GMT -5
From www.optionmonster.com ...........................GLTA Manufacturing data tops busy agendaThe calendar is full today, featuring regular weekly retail reports, motor-vehicle sales, ISM manufacturing data and construction spending. Wednesday will have employment and the FOMC meeting announcement as its highlights. It begins with the weekly ICSC/Goldman Store Sales report at 7:45 a.m. ET. The data includes a week-over-week change and the year-over-year change. Most traders focus on the annual number because it's a better indicator of the longer-term trend. The prior week-over-week change came in at a loss of -0.8 percent. The year-over-year data in the previous report showed a gain of 2.4 percent. The weekly Redbook Store Sales, at 8:55 a.m. ET, also have weekly and yearly components. And, again, most traders focus on the longer-term readings because they're more indicative of the bigger trend. The prior month-over-month change was a loss of -0.8 percent. The previous report's year-over-year data showed a gain of 4.1 percent. Negative numbers in either series would be bearish. Two important reports are both due at 10 a.m. ET: the ISM Manufacturing Index and Construction Spending. ISM is expected to increase to 52 from October's 51.6. The range of forecasts is from a bearish reading of 50.9 at the low, to a bullish 53 at the high. A reading above 50 means that activity is expanding, while a figure below 50 indicates contraction. Construction Spending is based on simple change. It's expected to show an increase of 0.3 percent from the previous month. The range is from a bearish drop of -0.5 percent at the low, to a bullish gain of 0.7 at the high. Motor vehicle sales will come be reported independently by each manufacturer throughout the session. The process can begin early, typically no later than 12 p.m. ET. Forecasters are looking for overall sales of 13.2 million units. The range is from a bearish 12.8 million at the low, to a more bullish 13.4 million at the high. Shares of manufacturers such as Ford Motor, Honda Motor, Toyota Motor and General Motors will likely be active as each company reports. |
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Post by ask2lern on Nov 1, 2011 6:31:16 GMT -5
KeithMcCullough Keith McCullough
by jimcramer
@ @jimcramer avg first 6 days of the mth drawdown in sp500 has been -4.4% since may
2 hours ago Favorite Retweet Reply
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Post by ask2lern on Nov 1, 2011 6:31:46 GMT -5
Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 53 points or -3.14% downside to 1214 and 1.09% upside to 1267. $SPY
39 minutes ago Favorite Retweet Reply
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Post by ask2lern on Nov 1, 2011 6:34:49 GMT -5
AllJimRogers Jim Rogers Make sure you hold some gold as Government 'Ponzi Schemes' escalate sns.mx/2Mfyy51 hour ago Favorite Retweet Reply |
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Post by ask2lern on Nov 1, 2011 6:41:23 GMT -5
CNBC CNBC CNBC Fed Survey: Like the Fed, Market Is Divided Over Policy - bit.ly/tLq4Qj #fed #economy #cnbc 8 minutes ago Favorite Retweet Reply |
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Post by ask2lern on Nov 1, 2011 6:56:22 GMT -5
grassosteve Steve Grasso
$S&P cash MOST important level 2 hold is 1221 , after that we slip right back 2 1200 with only a few speed bumps, bounce levels r 1233 1242
1 minute ago Favorite Retweet Reply
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Post by ask2lern on Nov 1, 2011 7:18:21 GMT -5
gtotoy gtotoy $SPY stks.co/tpI 30 min~ 126.00 was major support, Next stop looks like 122.09 support. 10 minutes ago Favorite Retweet Reply |
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Post by Clinton SPX on Nov 1, 2011 7:19:23 GMT -5
anyone buying this dip is nuts. When the EU market open tomorrow the banks will get killed if the greek people get to vote on their bailout. SOC GEN down 9% today BEFORE that news was released just my 2 pesos Soc Gen is now -14% on top of yesterdays -9% |
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Post by ask2lern on Nov 1, 2011 7:19:28 GMT -5
grassosteve Steve Grasso
Trading tip , doesnt matter what u bot and how much fundamental research u did , few will be safe on a sell off like this
13 minutes ago Favorite Retweet Reply
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Post by Rich on Nov 1, 2011 7:26:29 GMT -5
where's support....
what?
there isn't any?
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Post by Clinton SPX on Nov 1, 2011 7:27:42 GMT -5
1040
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Post by kryptos2009 on Nov 1, 2011 7:29:42 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=13.59 MP=13.65 R1=13.71 MP=13.81 R2=13.91 MP=14.07 R3=14.23 MP=14.39 R4=14.55 MP=13.49 S1=13.39 MP=13.33 S2=13.27 MP=13.11 S3=12.95 MP=12.79 S4=12.63 O=13.71 H=13.8 L=13.48 C=13.5 FAS PP=15.00 MP=15.16 R1=15.32 MP=15.65 R2=15.98 MP=16.47 R3=16.96 MP=17.45 R4=17.94 MP=14.67 S1=14.34 MP=14.18 S2=14.02 MP=13.53 S3=13.04 MP=12.55 S4=12.06 O=15.37 H=15.65 L=14.67 C=14.67 FAZ PP=39.10 MP=39.83 R1=40.55 MP=40.94 R2=41.32 MP=42.43 R3=43.54 MP=44.65 R4=45.76 MP=38.72 S1=38.33 MP=37.61 S2=36.88 MP=35.77 S3=34.66 MP=33.55 S4=32.44 O=38.25 H=39.87 L=37.65 C=39.78 SPY PP=126.48 MP=127.06 R1=127.64 MP=128.71 R2=129.78 MP=131.43 R3=133.08 MP=134.73 R4=136.38 MP=125.41 S1=124.34 MP=123.76 S2=123.18 MP=121.53 S3=119.88 MP=118.23 S4=116.58 O=127.16 H=128.62 L=125.32 C=125.5 SPG PP=128.53 MP=129.14 R1=129.75 MP=130.41 R2=131.07 MP=132.34 R3=133.61 MP=134.88 R4=136.15 MP=127.87 S1=127.21 MP=126.60 S2=125.99 MP=124.72 S3=123.45 MP=122.18 S4=120.91 O=127.63 H=129.84 L=127.3 C=128.44 GS PP=110.97 MP=111.72 R1=112.47 MP=113.93 R2=115.38 MP=117.59 R3=119.79 MP=122.00 R4=124.20 MP=109.52 S1=108.06 MP=107.31 S2=106.56 MP=104.36 S3=102.15 MP=99.95 S4=97.74 O=112.79 H=113.89 L=109.48 C=109.55 JPM PP=35.16 MP=35.38 R1=35.60 MP=36.02 R2=36.43 MP=37.07 R3=37.70 MP=38.34 R4=38.97 MP=34.75 S1=34.33 MP=34.11 S2=33.89 MP=33.26 S3=32.62 MP=31.99 S4=31.35 O=35.93 H=36 L=34.73 C=34.76 MS PP=17.97 MP=18.15 R1=18.33 MP=18.67 R2=19.01 MP=19.53 R3=20.05 MP=20.57 R4=21.09 MP=17.63 S1=17.29 MP=17.11 S2=16.93 MP=16.41 S3=15.89 MP=15.37 S4=14.85 O=18.63 H=18.66 L=17.62 C=17.64 C PP=32.11 MP=32.40 R1=32.68 MP=33.23 R2=33.77 MP=34.60 R3=35.43 MP=36.26 R4=37.09 MP=31.57 S1=31.02 MP=30.74 S2=30.45 MP=29.62 S3=28.79 MP=27.96 S4=27.13 O=33.06 H=33.2 L=31.54 C=31.59 VIX PP=28.98 MP=29.97 R1=30.95 MP=31.45 R2=31.94 MP=33.42 R3=34.90 MP=36.38 R4=37.86 MP=28.49 S1=27.99 MP=27.01 S2=26.02 MP=24.54 S3=23.06 MP=21.58 S4=20.10 O=27.09 H=29.97 L=27.01 C=29.96 UUP PP=21.52 MP=21.58 R1=21.64 MP=21.68 R2=21.72 MP=21.82 R3=21.92 MP=22.02 R4=22.12 MP=21.48 S1=21.44 MP=21.38 S2=21.32 MP=21.22 S3=21.12 MP=21.02 S4=20.92 O=21.41 H=21.59 L=21.39 C=21.57 FROM: www.econoday.comEconomic Events & Analysis - 11/01/2011 TuesdayFOMC Meeting Begins Motor Vehicle Sales 7:45 AM ET ICSC-Goldman Store Sales 8:55 AM ET Redbook 10:00 AM ET ISM Mfg Index 10:00 AM ET Construction Spending 11:30 AM ET 4-Week Bill 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. |
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Post by Rich on Nov 1, 2011 7:48:50 GMT -5
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Post by ask2lern on Nov 1, 2011 8:22:54 GMT -5
I am watching SPY 121.69 as support for now.......................will update after the open....................  |
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Post by Rich on Nov 1, 2011 8:23:51 GMT -5
the dax is down 6%
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Post by ask2lern on Nov 1, 2011 8:29:57 GMT -5
ukarlewitz ukarlewitz
$SPY 122 is not just the top of the summer range, its a big weekly pivot from 4/10 and 11/10
7 minutes ago Favorite Retweet Reply
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Post by Clinton SPX on Nov 1, 2011 8:34:46 GMT -5
dip buyers are pretty ballzy maybe nuts
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Post by Rich on Nov 1, 2011 8:40:13 GMT -5
If we follow Europe and we usually do, there's more downside yet
add the dax, cac and ftsi
and divide by 3
that should be our loss for the day
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Post by Rich on Nov 1, 2011 8:47:20 GMT -5
Quick trivia:
What does California and the SPX have in common?
A: They both have bear flags
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Post by ask2lern on Nov 1, 2011 8:51:45 GMT -5
grassosteve Steve Grasso
by cnbcfastmoney
1208 next level down after 1221
8 minutes ago Favorite Retweet Reply
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Post by natsalilfly on Nov 1, 2011 8:52:09 GMT -5
Have to say, wish I woulda listened to myself when I called for overnight holds in FAZ/TZA...
My daughter's new schedule has me away from home a half hour before market close, and yesterday was the first day so it had me "spooked" to make the play. I may half to upgrade to a smart phone.
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Post by ask2lern on Nov 1, 2011 8:54:12 GMT -5
grassosteve Steve Grasso
watch the bounce levels 1233 1242
10 minutes ago Favorite Retweet Reply
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Post by ask2lern on Nov 1, 2011 8:59:53 GMT -5
grassosteve Steve Grasso
intraday violation of 1221 makes me think we test couple lower levels again
12 minutes ago Favorite Retweet Reply
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Post by natsalilfly on Nov 1, 2011 9:00:24 GMT -5
dip buyers are pretty ballzy maybe nuts I don't think they're dip buyers, they're bounce buyers, and the bounce may be just about over. |
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Post by natsalilfly on Nov 1, 2011 9:06:19 GMT -5
Actually we're really showing some strength in the 3xs
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Post by crumbdon on Nov 1, 2011 9:14:24 GMT -5
Actually we're really showing some strength in the 3xs Well, Nat- how do you feel NOW about selling that FAS last week at 16.41?!?! Didn't I tell you we'd get a chance to buy it back cheaper this week, LOL? (Though I didn't think it would be quite this much lower!)  The trick now is figuring out where to buy back in. Things need to settle a bit before I'm bold enough to go back in the water. GL! |
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Post by Clinton SPX on Nov 1, 2011 9:23:47 GMT -5
Manufacturing ISM Follows Chicago PMI With A Miss; Declines To 50.8 On Expectations Of Rise
Submitted by Tyler Durden on 11/01/2011 - 10:15
Chicago PMI Copper Natural Gas
Yesterday, the Chicago PMI miss led us to suggest that the ISM is next. Sure enough, today this other metric that had consistently beaten the negative HF economic data in the late summer was the latest to hit an inflection point, and miss substantially, with expectations of an improvement in the September number of 51.6 to 52.0 trounced, following an index print of 50.8. And while there was no major moves in the bulk of the index components, the Prices subcomponent saw an epic collapse, tumbling from 56 to 41. What does this imply for the S&P? Nothing good. But remember: correlation is not causation, a fact the Fed loves to abuse without pause.
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Post by natsalilfly on Nov 1, 2011 9:30:11 GMT -5
Actually we're really showing some strength in the 3xs Well, Nat- how do you feel NOW about selling that FAS last week at 16.41?!?! Didn't I tell you we'd get a chance to buy it back cheaper this week, LOL? (Though I didn't think it would be quite this much lower!) The trick now is figuring out where to buy back in. Things need to settle a bit before I'm bold enough to go back in the water. GL! Nothing can ever change how good I feel about that particular sell. ;D |
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