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Post by ask2lern on Nov 2, 2011 6:14:20 GMT -5
Good Morning Gang Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1789.23 R2 1748.43 R1 1734.67
PP 1707.63
S1 1693.87 S2 1666.83 S3 1626.03
SILVER
R3 36.52 R2 34.82 R1 34.19
PP 33.12
S1 32.49 S2 31.42 S3 29.72
IWM
R3 75.79 R2 73.78 R1 72.59
PP 71.77
S1 70.58 S2 69.76 S3 67.75
TNA
R3 50.95 R2 47.14 R1 44.95
PP 43.33
S1 41.14 S2 39.52 S3 35.71
TZA
R3 38.16 R2 35.70 R1 34.65
PP 33.24
S1 32.19 S2 30.78 S3 28.32
SDS
R3 22.54 R2 21.89 R1 21.61
PP 21.24
S1 20.96 S2 20.59 S3 19.94
SSO
R3 46.91 R2 45.46 R1 44.61
PP 44.01
S1 43.16 S2 42.56 S3 41.11
…………………………..GLTA
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Post by ask2lern on Nov 2, 2011 6:16:50 GMT -5
From www.optionmonster.com .....................GLTA S&P 500 line in the sand is 1200 levelThe markets dropped sharply yesterday after a weaker-than-expected China PMI report, disappointing auto sales, new developments in the MF Global disaster, and the bombshell of Greece's call for a national referendum on bailout and austerity measures. There was quite a bit of information to absorb and, to some degree, it was remarkable the selloff wasn't even sharper. For the S&P 500, the big level to watch remains 1220. This was the top of the previous trading range from August to the breakout in October. For the bulls, this levels needs to become solid support, which could take several tests to establish. The bears, meanwhile, will be trying to break that area decisively to take back the upper hand technically. Until one camp or the other can prove their case, we can expect a tug-of-war at this zone. Levels have changed significantly for today, in some cases edging back into territory from early last week. Ranges remain larger than normal, leaving the potential for the next move to be extreme regardless of direction. Nasdaq 100 (NDX)First support is at 2296.31, its 200-day moving average. Below the 200-day, next support is at 2250.63, its 50-day moving average. First resistance is now at 2347.37, its 10-day moving average, then at 2373.82. S&P 500 (SPX)Support is now at 1209.92 and then at 1190.78, its 50-day moving average. Below the 50-day, next support is at 1171.40. Resistance is now at its 10-day moving average, last at 1243, which is close to 1240.05, the previous trading range low from January to July. Resistance above the 10-day is at 1246.28. Russell 2000 (RUT)Support is at 705.30 and thereafter at 692.48, its 50-day moving average. On a break below the 50-day, support will be at 680.78. Resistance is at 726.05, its 10-day moving average. On a breakout above the 10-day, resistance would be at 731.34.
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Post by ask2lern on Nov 2, 2011 6:34:32 GMT -5
From www.optionmonster.com ......................GLTA Job data, mortgages, Fed on calendarThe economic calendar will feature two of five reports concerning employment this week, with the Challenger Job-Cut and ADP Employment reports early in today's pre-market. In addition to the regular weekly mortgage and oil data, the FOMC meeting announcement will come out at 12:30 p.m. ET, followed by the Fed Chairman's press conference at 2:15 pm. ET.At 7 a.m. ET, MBA Purchase Applications will be released. There are no estimates made for this mortgage report, and I look only at the purchases component because it is a better indicator of new economic activity as opposed to refinancing. Last week purchases came in at 115.70. A reading that is higher than 115.70 by 5 percent or more would be bullish, while one that is lower by the same margin would be bearish. The Challenger Job-Cut Report will be released at 8:15 a.m. ET. There are no estimates made for this release, which estimates layoffs that have been announced but not yet implemented. Traders consider this to be a leading indicator of employment trends for this reason. Last month 115,700 layoffs were announced. At 8:15 a.m. ET, the ADP Employment Report will be issued. The consensus forecast calls for payroll expansion of 101,000, but the range of estimates is extremely wide, from a bearish 10,000 to a bullish 150,000. The closer the number reading comes to either end of the range, the stronger the market response is likely to be. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute issies a competing report based on its own supply data. The forecast for both reports was for a build of 1.07 million barrels. But the API release, which came out last night after the market closed, showed a surprise draw of -0.156 million barrels instead. If the EIA data confirms this draw or shows an even larger one, it could be bullish for oil prices. If the reading shows a smaller draw or is a positive number, indicating a build, it could be bearish for crude. The EIA is a government body, and the API is a private industry group. The two reports do not always agree either in terms of amount or direction.
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Post by ask2lern on Nov 2, 2011 6:37:26 GMT -5
@hedgeye Hedgeye Bullish sentiment increases to 43.2% from 40.0% in the latest US Investor's Intelligence poll; Bearish sentiment down to 36.8% from 37.9% 1 hour ago via TweetDeck Favorite Retweet Reply
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Post by ask2lern on Nov 2, 2011 6:50:00 GMT -5
Hedgeye As we look at today’s set up for the S&P 500, the range is 35 points or -0.43% downside to 1213 and 2.44% upside to 1248. $SPY Nov. 2 at 6:48 AM from Twitter • Reply • Like • Flag • More
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Post by ask2lern on Nov 2, 2011 6:55:05 GMT -5
econalert Economic Alert Challenger Job Cuts for Oct: +12.6%, Prior: NA #mkt $$ #economy 3 minutes ago Favorite Retweet Reply
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Post by ask2lern on Nov 2, 2011 7:29:18 GMT -5
CNBC CNBC ADP says private sector jobs rose 110,00 vs expectations of 100,000. ADP on #CNBC live right now explaining details. #jobs #economy 12 minutes ago Favorite Retweet Reply
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Post by Clinton SPX on Nov 2, 2011 7:52:32 GMT -5
The October ADP Private Payrolls report, which is the butt of all jokes when it comes to accurate NFP predictive ability, has come and gone, printing at 110K on expectations of 100K, and down from a revised 116K in September. For those who actually care about the quality of jobs, services added 114K of the total 110K jobs, while good-producing jobs subtracted 4K, and manufacturing jobs as a subset declined by 8K. And then they complain that China is making everything in the world...
From the report: "Today’s ADP National Employment Report suggests that the recent trend in private employment remains moderate, and probably is below a pace consistent with a stable unemployment rate. This rate of moderate job creation reflects the sluggish pace of GDP growth exhibited earlier this year. Employment in the private, service-providing sector rose 114,000 in October. Although down a bit from an increase of 122,000 in September, this increase marks more than 20 consecutive months of employment gains. Employment in the private, goods-producing sector declined 4,000 in October, while manufacturing employment declined by 8,000." Somehow growth came from small and medium businesses, while large payrolls declined: "Employment on small payrolls—those with up to 49 workers—rose 58,000 in October, down from the 64,000 jobs created among small businesses last month. Employment on medium payrolls—those with 50 to 499 workers—rose 53,000, and employment on large payrolls—those with 500 or more workers—declined 1,000." As for the fulcrum construction and financial sevices jobs, "Employment in the construction industry fell 1,000 in October, bringing the total decrease in construction employment since its peak in January 2007 to 2,131,000. Employment in the financial services sector rose a scant 1,000 in October."
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Post by kryptos2009 on Nov 2, 2011 7:59:16 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=12.96 MP=13.03 R1=13.10 MP=13.22 R2=13.33 MP=13.52 R3=13.70 MP=13.89 R4=14.07 MP=12.85 S1=12.73 MP=12.66 S2=12.59 MP=12.41 S3=12.22 MP=12.04 S4=11.85 O=12.84 H=13.2 L=12.83 C=12.86 FAS PP=13.08 MP=13.26 R1=13.44 MP=13.78 R2=14.12 MP=14.64 R3=15.16 MP=15.68 R4=16.20 MP=12.74 S1=12.40 MP=12.22 S2=12.04 MP=11.52 S3=11.00 MP=10.48 S4=9.96 O=12.82 H=13.76 L=12.72 C=12.76 FAZ PP=44.17 MP=45.12 R1=46.06 MP=46.59 R2=47.12 MP=48.60 R3=50.07 MP=51.55 R4=53.02 MP=43.64 S1=43.11 MP=42.17 S2=41.22 MP=39.75 S3=38.27 MP=36.80 S4=35.32 O=44.9 H=45.23 L=42.28 C=45 SPY PP=122.34 MP=122.76 R1=123.17 MP=123.75 R2=124.33 MP=125.33 R3=126.32 MP=127.32 R4=128.31 MP=121.76 S1=121.18 MP=120.77 S2=120.35 MP=119.36 S3=118.36 MP=117.37 S4=116.37 O=122.03 H=123.51 L=121.52 C=122 SPG PP=126.30 MP=127.35 R1=128.40 MP=129.92 R2=131.44 MP=134.01 R3=136.58 MP=139.15 R4=141.72 MP=124.78 S1=123.26 MP=122.21 S2=121.16 MP=118.59 S3=116.02 MP=113.45 S4=110.88 O=125.13 H=129.35 L=124.21 C=125.35 GS PP=104.45 MP=105.32 R1=106.19 MP=107.52 R2=108.84 MP=111.04 R3=113.23 MP=115.43 R4=117.62 MP=103.13 S1=101.80 MP=100.93 S2=100.06 MP=97.87 S3=95.67 MP=93.48 S4=91.28 O=103.49 H=107.1 L=102.71 C=103.54 JPM PP=32.73 MP=33.18 R1=33.62 MP=34.08 R2=34.53 MP=35.43 R3=36.33 MP=37.23 R4=38.13 MP=32.28 S1=31.82 MP=31.38 S2=30.93 MP=30.03 S3=29.13 MP=28.23 S4=27.33 O=32.47 H=33.64 L=31.84 C=32.71 MS PP=16.15 MP=16.51 R1=16.86 MP=17.18 R2=17.49 MP=18.16 R3=18.83 MP=19.50 R4=20.17 MP=15.84 S1=15.52 MP=15.17 S2=14.81 MP=14.14 S3=13.47 MP=12.80 S4=12.13 O=16.14 H=16.78 L=15.44 C=16.23 C PP=29.28 MP=29.72 R1=30.16 MP=30.66 R2=31.15 MP=32.09 R3=33.02 MP=33.96 R4=34.89 MP=28.79 S1=28.29 MP=27.85 S2=27.41 MP=26.48 S3=25.54 MP=24.61 S4=23.67 O=28.92 H=30.27 L=28.4 C=29.17 VIX PP=35.39 MP=36.15 R1=36.91 MP=37.98 R2=39.05 MP=40.88 R3=42.71 MP=44.54 R4=46.37 MP=34.32 S1=33.25 MP=32.49 S2=31.73 MP=29.90 S3=28.07 MP=26.24 S4=24.41 O=36.03 H=37.53 L=33.87 C=34.77 UUP PP=21.80 MP=21.84 R1=21.88 MP=21.93 R2=21.97 MP=22.05 R3=22.14 MP=22.22 R4=22.31 MP=21.76 S1=21.71 MP=21.67 S2=21.63 MP=21.54 S3=21.46 MP=21.37 S4=21.29 O=21.86 H=21.88 L=21.71 C=21.8 FROM: www.econoday.comEconomic Events & Analysis - 11/02/2011 Wednesday7:00 AM ET MBA Purchase Applications 7:30 AM ET Challenger Job-Cut Report 8:15 AM ET ADP Employment Report 9:00 AM ET Treasury Refunding Announcement 9:00 AM ET 3-Yr Note Announcement 9:00 AM ET 10-Yr Note Announcement 9:00 AM ET 30-Yr Bond Announcement 10:30 AM ET EIA Petroleum Status Report 12:30 PM ET FOMC Meeting Announcement 2:15 PM ET Chairman Press Conference 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 Clinton SPX on Nov 2, 2011 8:04:27 GMT -5
10:30 AM ET EIA Petroleum Status Report
I cant get over how bullish oil has stayed
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mihai
Broker/Dealer
2nd Place - Road to Opex 7
Posts: 433
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Post by mihai on Nov 2, 2011 8:35:27 GMT -5
Don't we need at least 125k new jobs every month to keep up with population growth in unemployment?
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Post by Clinton SPX on Nov 2, 2011 8:41:10 GMT -5
Don't we need at least 125k new jobs every month to keep up with population growth in unemployment? something like that
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Post by herceg1967 on Nov 2, 2011 8:42:08 GMT -5
150K..........................
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Post by Clinton SPX on Nov 2, 2011 8:44:07 GMT -5
How are you supposed to have a bailout fund if you dont sell the bonds to fill it?
The EFSF pulling a 3 billion bond sale due to market conditions is pretty bad.
and if you cant get 3 bill thats pretty dismal.
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Post by Clinton SPX on Nov 2, 2011 8:47:49 GMT -5
GM getting dumped
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Post by Clinton SPX on Nov 2, 2011 9:05:00 GMT -5
bear market is back, mr market is selling the pops
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Post by Rich on Nov 2, 2011 9:22:50 GMT -5
doesn't look uber bullish, does it ?
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Post by Clinton SPX on Nov 2, 2011 9:24:49 GMT -5
AAPL and VIX lighting the LOD thats weird
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Post by Clinton SPX on Nov 2, 2011 9:26:27 GMT -5
man they are bidding up the oils sector
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Post by Rich on Nov 2, 2011 9:28:56 GMT -5
waiting on the Bernank?
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Post by Clinton SPX on Nov 2, 2011 9:30:54 GMT -5
2 million build on oil
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Post by Clinton SPX on Nov 2, 2011 9:31:54 GMT -5
oil rallied on a 500K draw down
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Post by Rich on Nov 2, 2011 9:32:51 GMT -5
hmmm, inventory up, strange
Cos is right tho
Even before I got into stocks I always expected oil to go up before the holidays.
and summertime.
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Post by Clinton SPX on Nov 2, 2011 9:33:10 GMT -5
guy on bloom trying to spin this bullish
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Post by Clinton SPX on Nov 2, 2011 9:33:44 GMT -5
hmmm, inventory up, strange Cos is right tho Even before I got into stocks I always expected oil to go up before the holidays. and summertime. ya but 2 mill is a lot
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Post by Rich on Nov 2, 2011 9:33:47 GMT -5
that's the easy take
but that's not it
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Post by Clinton SPX on Nov 2, 2011 9:40:46 GMT -5
we shall just pretend oil consumption is up, house sales are up and people are getting jobs.
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Post by natsalilfly on Nov 2, 2011 9:42:35 GMT -5
Hmmm, FAS plays the last two days were from about 12.75 to 13.75 (not me), I seem to be in a little high @ 13.45...still could work though...
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Post by Rich on Nov 2, 2011 9:44:48 GMT -5
the assumption of QE3 doesn't work or the rest of the market would be screaming.
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Post by natsalilfly on Nov 2, 2011 9:47:35 GMT -5
VIX slipping through S1 of 33.25
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