PPDT - 11/15/2011 Tuesday - PP-XLF = 13.00

[ask2lern]

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


GOLD


R3 1808.93
R2 1794.83
R1 1788.07

PP 1780.73

S1 1773.97
S2 1766.63
S3 1752.53


SILVER

R3 35.89
R2 35.09
R1 34.72

PP 34.29

S1 33.92
S2 33.49
S3 32.69


IWM

R3 76.45
R2 74.95
R1 74.13

PP 73.45

S1 72.63
S2 71.95
S3 70.45




TNA

R3 51.08
R2 48.27
R1 46.71

PP 45.46

S1 43.90
S2 42.65
S3 39.84



TZA

R3 33.55
R2 31.83
R1 31.06

PP 30.11

S1 29.34
S2 28.39
S3 26.67


SDS

R3 20.86
R2 20.42
R1 20.22

PP 19.98

S1 19.78
S2 19.54
S3 19.10

SSO

R3 48.32
R2 47.26
R1 46.69

PP 46.20

S1 45.63
S2 45.14
S3 44.08

…………………………..GLTA

[ask2lern]

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

Indexes fall but may show bullish charts

The indexes settled in the red yesterday but were well off earlier lows. Only one support level for the Nasdaq 100 and the Russell 200 was taken out.

In fact, the scrapes were so small that I am not changing levels for today. We have seen in the past that there is no valid breakdown when key levels are barely breached. Watch those areas tomorrow, as they will either be broken or serve as reaction areas to the upside. The S&P 500's levels are unchanged.

While the action may have seemed dull yesterday, the S&P 500 and the Russell 2000 are developing potential bullish "pennant" formations. Neither pattern is active.

In the case of the Russell 2000, it would take a breakout above 750 for the pattern to trigger. The S&P 500, meanwhile, would need a move above 1270 for its pennant to become active.

If the Russell moves substantially below the 715 area, the pattern would be broken. A breakdown below the 1230 area would void the S&P 500's pennant. These patterns still have several days to become active before they become invalid by time alone.

Nasdaq 100 (NDX)
Support is at 2343.83, its 10-day moving (see notes above), and then at 2298.70, its 200-day moving average. Below the 200-day, next support would be at 2280.68, its 50-day moving average. Resistance is at 2412.52, the pivot high from Oct. 27, and the only remaining upside level on a year-to-date basis is the high from July at 2438.44.

S&P 500 (SPX)
Support is at 1249.20, its 10-day moving average, and then at 1202.33, its 50-day moving average. Resistance is at 1272.10, its 200-day moving average, then at 1292.66.

Russell 2000 (RUT)
Support is at 736.73, its 10-day moving average (see notes above), and then at 712.42. Next support below 712.42 would be at 699.20, its 50-day moving average. Resistance is at 756.76 and then 769.46, the pivot high from late October. Above the October high, next resistance would be at the June low at 772.62.

[ask2lern]

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

Economic slate packed with key reports

The economic calendar is very busy because last week's Veterans Day holiday pushed many reports to today. Six releases will come out by 10 a.m. ET, making for an especially volatile morning.

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 the year-over-year changes. 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 reading was 1 percent, while the year-over-year data came in at 2.7 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be bearish.

The Producer Price Index will be released at 8:30 a.m. ET. The consensus forecast calls for the monthly change, including food and energy, to show a drop of -0.1 percent. Estimates for this headline number range from a disinflationary -0.4 percent to a gain of 0.4 percent.

Without food and energy, the consensus estimate is 0.1 percent. The range of expecations for this category is from -0.2 percent to 0.3 percent.

None of these numbers would be extreme surprises to the markets as they are all relatively neutral. A break below or above the extremes of the range could see larger market reactions.

Also at 8:30 a.m. ET, monthly Retail Sales will be reported. The consensus month-over-month estimate for the headline number, which includes auto sales, calls for a gain of 0.3 percent. The range for this number is from a bearish -0.3 percent to a bullish 1 percent.

The consensus forecast for retail sales excluding autos calls for a smaller gain of 0.1 percent. The range is from a bearish -0.4 percent to a bullish 0.8 percent.

The last report coming out at 8:30 a.m. ET is the Empire State Manufacturing Survey. A drop to -2.1 is the consensus number. Estimates range from a bearish -7.5 to a bullish 5.

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. One is the more volatile month-over-month change while the other is the year-over-year comparison, which shows the broader trend best.

The last month-over-month change was 1.4 percent. The previous report's year-over-year data showed a gain of 3.1 percent. Negative numbers in either series would be bearish.

At 10 a.m. ET, Business Inventories data will be released. The consensus calls for a gain of 0.1 percent, which would be a neutral reading. The range is from a contraction of -0.1 percent to a gain of 0.5 percent.

[ask2lern]

Fitzstock2004 blueHOshoe
$XLF stks.co/183y This sector has broken the 38.2% retrace, and looks MUCH LOWER
1 minute ago Favorite Retweet Reply

[kryptos2009]

A2L, Thx for the start today and the info !!!

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=13.00
MP=13.06 R1=13.12 MP=13.20 R2=13.27 MP=13.41 R3=13.54 MP=13.68 R4=13.81
MP=12.93 S1=12.85 MP=12.79 S2=12.73 MP=12.60 S3=12.46 MP=12.33 S4=12.19
O=13.13 H=13.15 L=12.88 C=12.97

FAS PP=65.30
MP=66.17 R1=67.03 MP=68.12 R2=69.20 MP=71.15 R3=73.10 MP=75.05 R4=77.00
MP=64.22 S1=63.13 MP=62.27 S2=61.40 MP=59.45 S3=57.50 MP=55.55 S4=53.60
O=67.21 H=67.47 L=63.57 C=64.86

FAZ PP=41.91
MP=42.54 R1=43.16 MP=43.68 R2=44.19 MP=45.33 R3=46.47 MP=47.61 R4=48.75
MP=41.40 S1=40.88 MP=40.26 S2=39.63 MP=38.49 S3=37.35 MP=36.21 S4=35.07
O=40.77 H=42.93 L=40.65 C=42.14

SPY PP=125.94
MP=126.46 R1=126.97 MP=127.72 R2=128.47 MP=129.74 R3=131.00 MP=132.27 R4=133.53
MP=125.19 S1=124.44 MP=123.93 S2=123.41 MP=122.15 S3=120.88 MP=119.62 S4=118.35
O=126.19 H=127.45 L=124.92 C=125.46

SPG PP=125.41
MP=126.03 R1=126.64 MP=127.47 R2=128.29 MP=129.73 R3=131.17 MP=132.61 R4=134.05
MP=124.59 S1=123.76 MP=123.15 S2=122.53 MP=121.09 S3=119.65 MP=118.21 S4=116.77
O=126.43 H=127.06 L=124.18 C=124.99

GS PP=99.43
MP=99.95 R1=100.47 MP=101.07 R2=101.66 MP=102.77 R3=103.89 MP=105.00 R4=106.12
MP=98.84 S1=98.24 MP=97.72 S2=97.20 MP=96.08 S3=94.97 MP=93.85 S4=92.74
O=100.52 H=100.61 L=98.38 C=99.29

JPM PP=32.58
MP=32.77 R1=32.95 MP=33.15 R2=33.34 MP=33.72 R3=34.10 MP=34.48 R4=34.86
MP=32.39 S1=32.19 MP=32.01 S2=31.82 MP=31.44 S3=31.06 MP=30.68 S4=30.30
O=32.95 H=32.98 L=32.22 C=32.55

MS PP=16.00
MP=16.13 R1=16.26 MP=16.43 R2=16.60 MP=16.90 R3=17.20 MP=17.50 R4=17.80
MP=15.83 S1=15.66 MP=15.53 S2=15.40 MP=15.10 S3=14.80 MP=14.50 S4=14.20
O=16.24 H=16.34 L=15.74 C=15.92

C PP=28.53
MP=28.76 R1=28.99 MP=29.30 R2=29.61 MP=30.15 R3=30.69 MP=31.23 R4=31.77
MP=28.22 S1=27.91 MP=27.68 S2=27.45 MP=26.91 S3=26.37 MP=25.83 S4=25.29
O=29.11 H=29.14 L=28.06 C=28.38

VIX PP=31.70
MP=31.99 R1=32.28 MP=32.85 R2=33.42 MP=34.28 R3=35.14 MP=36.00 R4=36.86
MP=31.13 S1=30.56 MP=30.27 S2=29.98 MP=29.12 S3=28.26 MP=27.40 S4=26.54
O=31.42 H=32.85 L=31.13 C=31.13

UUP PP=21.85
MP=21.87 R1=21.88 MP=21.91 R2=21.93 MP=21.97 R3=22.01 MP=22.05 R4=22.09
MP=21.83 S1=21.80 MP=21.79 S2=21.77 MP=21.73 S3=21.69 MP=21.65 S4=21.61
O=21.81 H=21.89 L=21.81 C=21.84

FROM: www.econoday.com

Economic Events & Analysis - 11/15/2011 Tuesday


7:45 AM ET ICSC-Goldman Store Sales
8:30 AM ET Producer Price Index
8:30 AM ET Retail Sales
8:30 AM ET Empire State Mfg Survey
8:55 AM ET Redbook
10:00 AM ET Business Inventories
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 52-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.

[ask2lern]

Watching SPY 125.46 to hold but if lower next is 125.06 above tho HOD.......................

[herceg1967]

1251 st must hold for any chance IMO.............Sorry..........read wrong chart...........1248 or so is what it should have been..........

[herceg1967]

Bounced for now..............1248.03 LOD so far................let's see if she holds ...................

[ask2lern]

mels_info [e-mail]
Bulls have 16 extreme ticks and bears have 17 extreme ticks. $SPX Net Advancing is -229. Range is 7.95. We are at 21.3% of Range.
9 minutes ago Favorite Retweet


ukarlewitz ukarlewitz
RT @sentimentrader: 17 gaps and what do you get? A case for a major market low. goo.gl/mkRtW <--I like $$
10 minutes ago Favorite Retweet Reply

[ask2lern]

mels_info [e-mail]
Bulls have 21 extreme ticks and bears have 31 extreme ticks. $SPX Net Advancing is -73. Range is 7.95. We are at 61.6% of Range.
13 minutes ago Favorite Retweet Reply

[natsalilfly]

UUP banging on 22, 22.01 is R3 for today.

[ask2lern]

It would seem that the bots are having a bit more trouble with audio recognition of Feds Evans then the digitized releases.......................

[natsalilfly]

I think the indexes are so dollar sensitive today that an UUP penny change either way is 10 or so pts on the DOW

[natsalilfly]

UUP just hit 22.

[ask2lern]

TheArmoTrader Jerry Khachoyan
As long as 78 holds on $DX_F, market is not going anywhere, but doesnt mean it will sell off. Now if we get above 78.42, whole 'nother story
12 minutes ago Favorite Retweet Reply

[herceg1967]

Nov 15, 2011 10:23:14 GMT -5 herceg1967 said:

Bounced for now..............1248.03 LOD so far................let's see if she holds ...................

Broken........needs to get back up or we can see some serious selling..............

[ask2lern]

Xiphos_Trading Rick
$XLF stks.co/18Sq Moment of truth for the small triangle. Stops below could drive it to the 50dma quickly.
10 minutes ago Favorite Retweet Reply

[ask2lern]

Well despite the break below 125 not really seeing much selling so downside COULD be limited and as we all now we are just one headline away from a rip your face off rally................caution.............

[natsalilfly]

Nov 15, 2011 11:44:15 GMT -5 ask2lern said:

Xiphos_Trading Rick
$XLF stks.co/18Sq Moment of truth for the small triangle. Stops below could drive it to the 50dma quickly.
10 minutes ago Favorite Retweet Reply

XLF is pretty weak, it's in a descending triangle, while DIA (which I use as a proxy for DOW for convenience) has been in an ascending triangle. If DIA taps it's bottom while XLF breaks to the 50, that could trigger a pretty solid rebound. Bring it on!

[ask2lern]

PatternProfits Ben
A failed move lower here may be followed by a fast move higher. Tread carefully. Max pain says flat for the week... leavittbrothers.com/blog/?p=5033
7 minutes ago Favorite Retweet Reply

[ask2lern]

Not really sure what caused this little rip but seems by buy buy ask questions later................ :

[ask2lern]

bclund bclund
This is a great market to make predictions in, because if you are initially wrong, wait 30 min and you will be right! BOOYAH...>!!
8 minutes ago Favorite Retweet Reply
Retweeted by @traderstewie

[ask2lern]

Well since I cant find out what is going on I am giving all credit to HFT's...........................

[ask2lern]

Pretty impressive E mini up over 20+ from overnight lows.......................key will be can it hold......................

[natsalilfly]

Bought some FAS @ 64.31, looks like a first rejection of the PP of 65.30, but we'll see.

[ask2lern]

If SPY can get above 126.06ish and hold a 5min candle could make a run for 127 IMO....................................

[jack]

Nov 15, 2011 12:40:35 GMT -5 ask2lern said:

Pretty impressive E mini up over 20+ from overnight lows.......................key will be can it hold......................

Hold that line!

[ask2lern]

SPY needs to hold above daily PP or we give some back IMO ...........................

[ask2lern]

Looking at the 15min SPY this looks a lot like last Tuesday............if that is the case we will grind higher the rest of the day.................will worry about what happened last Wednesday another time..........

[crumbdon]

One concern I have about today's rally is the relative lack of participation by the big banks (except for BAC). Though their strength has improved somewhat as the day has progressed, most still act reluctant to run. Historically, market runs have upside limited w/o the fins on board.
IF we had done a solid bounce off of 1240, and IF the fins had better relative strength, I'd want to join this on the long side.
I just don't trust it yet. Feels more like OPEX shenanigans starting early in the week to me.
But for the sake of the longs on this board, I hope I'm wrong.
GL all!