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Post by ask2lern on Nov 22, 2011 6:56:04 GMT -5
Good Morning Gang
Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1784.40
R2 1735.30
R1 1706.80
PP 1686.20
S1 1657.70
S2 1637.10
S3 1588.00
SILVER
R3 33.96
R2 32.68
R1 32.21
PP 31.40
S1 30.93
S2 30.12
S3 28.84
IWM
R3 72.72
R2 71.48
R1 70.87
PP 70.24
S1 69.63
S2 69.00
S3 67.76
TNA
R3 43.95
R2 41.76
R1 40.67
PP 39.57
S1 38.48
S2 37.38
S3 35.19
TZA
R3 37.36
R2 35.74
R1 34.91
PP 34.12
S1 33.29
S2 32.50
S3 30.88
SDS
R3 23.13
R2 22.56
R1 22.25
PP 21.99
S1 21.68
S2 21.42
S3 20.85
SSO
R3 44.21
R2 43.01
R1 42.45
PP 41.81
S1 41.25
S2 40.61
S3 39.41
…………………………..GLTA
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Post by ask2lern on Nov 22, 2011 6:58:14 GMT -5
From www.optionmonster.com ....................GLTA S&P 500 breaks 1200 in significant fallThe indexes took a relatively significant hit yesterday as the S&P 500 broke round-number support at the 1200 area, a psychologically notable move. The Russell 2000 broke its potential bullish "pennant" pattern and was the worst relative performer of the day, with a loss of nearly -2.4 percent. A correction is in order for the support levels published yesterday morning for the Nasdaq 100. Thursday's levels were used in error; only the first support level was incorrectly reported. Nasdaq 100 (NDX)Support is at 2187.46, then at 2160.20, and 2151.48. Resistance is at 2237.13, then at Friday's closing price of 2253.95, and the 50-day moving average of 2290.01. S&P 500 (SPX)Support is at 1183.16, yesterday's intraday low, then at 1176.41, and 1165.55. Resistance is at its 50-day moving average of 1207.40, then at 1227.70, and 1237.98, its 10-day moving average. Russell 2000 (RUT)Support is at 697.03 and then at 679.73. Resistance is at 712.42 and then at 729.02, its 10-day moving average. |
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Post by ask2lern on Nov 22, 2011 7:02:44 GMT -5
From www.optionmonster.com ....................GLTA Retail sales, GDP data, Fed on docketIn this holiday-shortened week, a few economic reports that would normally be released on Thursday and Friday are being moved up to today and tomorrow. In addition to the regular weekly retail reports, today's calendar includes GDP data and the Federal Open Market Committee meeting minutes at 2 p.m. ET. 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 year-over-year comparison. 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 showed a 0.3 percent gain, while the year-over-year change was 3.1 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be bearish. Revised third-quarter GDP data comes out at 8:30 a.m. ET. The consensus forecast for a small drop to 2.4 percent from the previous estimate of 2.5 percent. Estimates range from a bearish 2 percent to a bullish 2.9 percent. 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 number, and the other is the year-over-year reading that shows the broader trend best. The last month-over-month result showed a 1.5 percent gain, while the year-over-year change was 3.3 percent. Negative numbers in either series would be bearish. |
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Post by ask2lern on Nov 22, 2011 7:11:57 GMT -5
Hedgeye Hedgeye
$SPY As we look at today’s set up for the S&P 500, the range is 22 points or -0.59% downside to 1186 and 1.26% upside to 1208.
Favorite Retweet Reply
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Post by ask2lern on Nov 22, 2011 7:12:43 GMT -5
CoderTrader Dan Tylenda-Emmons
$$ European spreads widen in Italy, Spain, Greece $MACRO
4 minutes ago Favorite Retweet Reply
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Post by kryptos2009 on Nov 22, 2011 9:18:07 GMT -5
A2L, Thx for the start today and info!!! Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=12.19 MP=12.24 R1=12.29 MP=12.34 R2=12.38 MP=12.48 R3=12.57 MP=12.67 R4=12.76 MP=12.15 S1=12.10 MP=12.05 S2=12.00 MP=11.91 S3=11.81 MP=11.72 S4=11.62 O=12.26 H=12.29 L=12.1 C=12.19 FAS PP=54.38 MP=55.01 R1=55.63 MP=56.24 R2=56.85 MP=58.09 R3=59.32 MP=60.56 R4=61.79 MP=53.77 S1=53.16 MP=52.54 S2=51.91 MP=50.68 S3=49.44 MP=48.21 S4=46.97 O=55.11 H=55.6 L=53.13 C=54.41 FAZ PP=49.55 MP=50.03 R1=50.50 MP=51.00 R2=51.50 MP=52.48 R3=53.45 MP=54.43 R4=55.40 MP=49.05 S1=48.55 MP=48.08 S2=47.60 MP=46.63 S3=45.65 MP=44.68 S4=43.70 O=48.99 H=50.56 L=48.61 C=49.49 SPY PP=119.55 MP=120.01 R1=120.46 MP=120.86 R2=121.25 MP=122.10 R3=122.95 MP=123.80 R4=124.65 MP=119.16 S1=118.76 MP=118.31 S2=117.85 MP=117.00 S3=116.15 MP=115.30 S4=114.45 O=120.2 H=120.35 L=118.65 C=119.66 SPG PP=120.17 MP=120.71 R1=121.25 MP=122.13 R2=123.01 MP=124.43 R3=125.85 MP=127.27 R4=128.69 MP=119.29 S1=118.41 MP=117.87 S2=117.33 MP=115.91 S3=114.49 MP=113.07 S4=111.65 O=120.47 H=121.92 L=119.08 C=119.5 GS PP=90.83 MP=91.80 R1=92.76 MP=93.49 R2=94.22 MP=95.92 R3=97.61 MP=99.31 R4=101.00 MP=90.10 S1=89.37 MP=88.41 S2=87.44 MP=85.75 S3=84.05 MP=82.36 S4=80.66 O=90.18 H=92.29 L=88.9 C=91.3 JPM PP=29.90 MP=30.05 R1=30.20 MP=30.35 R2=30.49 MP=30.79 R3=31.08 MP=31.38 R4=31.67 MP=29.76 S1=29.61 MP=29.46 S2=29.31 MP=29.02 S3=28.72 MP=28.43 S4=28.13 O=30.02 H=30.19 L=29.6 C=29.91 MS PP=13.56 MP=13.73 R1=13.90 MP=14.06 R2=14.21 MP=14.53 R3=14.86 MP=15.18 R4=15.51 MP=13.41 S1=13.25 MP=13.08 S2=12.91 MP=12.58 S3=12.26 MP=11.93 S4=11.61 O=13.82 H=13.86 L=13.21 C=13.6 C PP=25.13 MP=25.33 R1=25.53 MP=25.80 R2=26.06 MP=26.53 R3=26.99 MP=27.46 R4=27.92 MP=24.87 S1=24.60 MP=24.40 S2=24.20 MP=23.74 S3=23.27 MP=22.81 S4=22.34 O=25.64 H=25.66 L=24.73 C=25 VIX PP=33.58 MP=34.10 R1=34.62 MP=35.48 R2=36.34 MP=37.72 R3=39.10 MP=40.48 R4=41.86 MP=32.72 S1=31.86 MP=31.34 S2=30.82 MP=29.44 S3=28.06 MP=26.68 S4=25.30 O=34.59 H=35.29 L=32.53 C=32.91 UUP PP=22.06 MP=22.09 R1=22.12 MP=22.15 R2=22.18 MP=22.24 R3=22.30 MP=22.36 R4=22.42 MP=22.03 S1=22.00 MP=21.97 S2=21.94 MP=21.88 S3=21.82 MP=21.76 S4=21.70 O=22.08 H=22.13 L=22.01 C=22.05 FROM: www.econoday.comEconomic Events & Analysis - 11/22/2011 Tuesday7:45 AM ET ICSC-Goldman Store Sales 8:30 AM ET GDP 8:30 AM ET Corporate Profits 8:55 AM ET Redbook 10:00 AM ET Richmond Fed Manufacturing Index 11:30 AM ET 4-Week Bill Auction 1:00 PM ET Narayana Kocherlakota Speaks 1:00 PM ET 5-Yr Note Auction 2:00 PM ET FOMC Minutes 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 ask2lern on Nov 22, 2011 9:22:11 GMT -5
tlmontana Madison Montana!!
$SPY Levels of Interest: 118.65 (y'day's low) , 119.15 and 119.77
8 minutes ago Favorite Retweet Reply
She has been hot with her #'s....................I pay attention to them FWIW.............................GL
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Post by ask2lern on Nov 22, 2011 9:30:01 GMT -5
5xBEAR 5xBEAR We'll close green today... 7 minutes ago Favorite Retweet Reply Theres the spirit..................  |
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Post by ask2lern on Nov 22, 2011 9:41:13 GMT -5
optionmonster Jon Najarian
JPM buys MF Global's stake in LME, which I believe makes them the largest stakeholder in London Metals Exchange
6 minutes ago Favorite Retweet Reply
..................Hmmmmmmmm
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Post by natsalilfly on Nov 22, 2011 9:44:27 GMT -5
looks like it could potentially be a comparatively good day for financials (boy is that qualified statement or what!)
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Post by ask2lern on Nov 22, 2011 9:45:57 GMT -5
mels_info mel@melsinfo.com
It's early and things change quickly, but market internals are suggesting modest strength. $SPX $$
15 minutes ago Favorite Retweet Reply
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Post by ask2lern on Nov 22, 2011 9:48:03 GMT -5
VIX just fell out of bottom BB on 1 min.............caution for at least the next 2-3 minutes................  |
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Post by natsalilfly on Nov 22, 2011 9:48:34 GMT -5
HODs keep getting lit on the bull side, IWM, CAT, etc
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Post by ask2lern on Nov 22, 2011 9:55:50 GMT -5
SellPuts Sellputs What it looks like on a chart to get "algo'ed" ~ Hedge According.ly hedge.ly/tFrmin7 minutes ago Favorite Retweet Reply |
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Post by ask2lern on Nov 22, 2011 9:59:01 GMT -5
Despite choppy early trading vix is getting whacked  ..........bullish?  |
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Post by natsalilfly on Nov 22, 2011 10:04:38 GMT -5
Bull / Bear struggle going on for direction, can't get too excited just yet
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Post by natsalilfly on Nov 22, 2011 10:10:57 GMT -5
GS lit LOD, oh well. GOOG, FITB, too. Here would be a good place to bounce...if we are to save the day (literally, just one day - :  |
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Post by ask2lern on Nov 22, 2011 10:17:56 GMT -5
VIX red SPX red..............cant stay that way..................  |
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Post by ask2lern on Nov 22, 2011 10:34:52 GMT -5
mels_info mel@melsinfo.com
Bulls have 46 extreme ticks and bears have 3 extreme ticks. $SPX Net Advancing is -25. Range is 7.75. We are at 73.9% of Range.
7 minutes ago Favorite Retweet Reply
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Post by huh? on Nov 22, 2011 10:57:56 GMT -5
That break of 1187 was not good. Unless something dramatic happens on technicals, I see a downside of 1152 or so minimum. (taking breaks at 1175 and 1170)
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Post by ask2lern on Nov 22, 2011 11:02:28 GMT -5
SPX at session lows and VIX red......................  |
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Post by ask2lern on Nov 22, 2011 11:05:09 GMT -5
optionmonster Jon Najarian elevator up, or elevator down, they tore out the stairs when they allowed HFT RT @sellputs: below 1180 look out 4 sell stop staircase lower 6 minutes ago Favorite Retweet Reply Sad but true IMO...............  |
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Post by huh? on Nov 22, 2011 11:15:35 GMT -5
Backtesting both a breakdown of a small H&S and a larger bear flag now. Do or die time.  |
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Post by huh? on Nov 22, 2011 11:18:08 GMT -5
>1190 = Do
<1184 = Die
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Post by ask2lern on Nov 22, 2011 11:19:52 GMT -5
I am officially declaring the VIX obsolete................. |
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Post by huh? on Nov 22, 2011 11:25:35 GMT -5
VIX might be consolidating at its 100dma and forming the upside move to test the neckline on the possible complex iH&S being formed since 10/10.
Just a possibility to keep an eye out for. Might as easily fail.
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Post by ask2lern on Nov 22, 2011 11:27:48 GMT -5
VIX might be consolidating at its 100dma and forming the upside move to test the neckline on the possible complex iH&S being formed since 10/10. Just a possibility to keep an eye out for. Might as easily fail. No disagreements here but to me it is a clear sign that the market is not functioning normally when the VIX is down more then the SPX..................does that mean we go up or down?.............Both............  |
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Post by crumbdon on Nov 22, 2011 11:29:47 GMT -5
As we approach yesterday's lows on SPY, let the epic battle between the bears and bulls steers begin! |
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Post by ask2lern on Nov 22, 2011 11:30:38 GMT -5
ukarlewitz ukarlewitz
Surprised by the down pressure today but, objectively, should not be - a major distrib day has residual momentum. Had 2 in 3 days $$
7 minutes ago Favorite Retweet Reply
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Post by rex on Nov 22, 2011 11:32:28 GMT -5
VIX might be consolidating at its 100dma and forming the upside move to test the neckline on the possible complex iH&S being formed since 10/10. Just a possibility to keep an eye out for. Might as easily fail. No disagreements here but to me it is a clear sign that the market is not functioning normally when the VIX is down more then the SPX..................does that mean we go up or down?.............Both............ I think it means that when the VIX does start shooting up, it's going to get ugly!!! |
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