PPDT - 11/23/2011 Wednesday - PP-XLF = 12.13

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.13
MP=12.17 R1=12.20 MP=12.26 R2=12.32 MP=12.42 R3=12.51 MP=12.61 R4=12.70
MP=12.07 S1=12.01 MP=11.98 S2=11.94 MP=11.85 S3=11.75 MP=11.66 S4=11.56
O=12.2 H=12.25 L=12.06 C=12.08

FAS PP=53.65
MP=54.11 R1=54.56 MP=55.28 R2=55.99 MP=57.16 R3=58.33 MP=59.50 R4=60.67
MP=52.94 S1=52.22 MP=51.77 S2=51.31 MP=50.14 S3=48.97 MP=47.80 S4=46.63
O=54.51 H=55.09 L=52.75 C=53.12

FAZ PP=50.22
MP=50.89 R1=51.55 MP=51.96 R2=52.36 MP=53.43 R3=54.50 MP=55.57 R4=56.64
MP=49.82 S1=49.41 MP=48.75 S2=48.08 MP=47.01 S3=45.94 MP=44.87 S4=43.80
O=49.47 H=51.04 L=48.9 C=50.73

SPY PP=119.27
MP=119.65 R1=120.02 MP=120.44 R2=120.85 MP=121.64 R3=122.43 MP=123.22 R4=124.01
MP=118.86 S1=118.44 MP=118.07 S2=117.69 MP=116.90 S3=116.11 MP=115.32 S4=114.53
O=119.4 H=120.1 L=118.52 C=119.19

SPG PP=119.06
MP=119.63 R1=120.20 MP=120.76 R2=121.31 MP=122.43 R3=123.56 MP=124.68 R4=125.81
MP=118.51 S1=117.95 MP=117.38 S2=116.81 MP=115.68 S3=114.56 MP=113.43 S4=112.31
O=119.15 H=120.16 L=117.91 C=119.1

GS PP=89.94
MP=90.60 R1=91.26 MP=92.20 R2=93.13 MP=94.72 R3=96.32 MP=97.91 R4=99.51
MP=89.01 S1=88.07 MP=87.41 S2=86.75 MP=85.15 S3=83.56 MP=81.96 S4=80.37
O=90.71 H=91.8 L=88.61 C=89.4

JPM PP=29.63
MP=29.76 R1=29.88 MP=30.12 R2=30.35 MP=30.71 R3=31.07 MP=31.43 R4=31.79
MP=29.40 S1=29.16 MP=29.04 S2=28.91 MP=28.55 S3=28.19 MP=27.83 S4=27.47
O=29.9 H=30.1 L=29.38 C=29.41

MS PP=13.56
MP=13.69 R1=13.81 MP=13.95 R2=14.09 MP=14.36 R3=14.62 MP=14.89 R4=15.15
MP=13.42 S1=13.28 MP=13.16 S2=13.03 MP=12.77 S3=12.50 MP=12.24 S4=11.97
O=13.55 H=13.85 L=13.32 C=13.52

C PP=24.75
MP=24.91 R1=25.06 MP=25.37 R2=25.67 MP=26.13 R3=26.59 MP=27.05 R4=27.51
MP=24.45 S1=24.14 MP=23.99 S2=23.83 MP=23.37 S3=22.91 MP=22.45 S4=21.99
O=25.02 H=25.35 L=24.43 C=24.46

VIX PP=32.21
MP=32.68 R1=33.15 MP=33.74 R2=34.32 MP=35.38 R3=36.43 MP=37.49 R4=38.54
MP=31.63 S1=31.04 MP=30.57 S2=30.10 MP=29.05 S3=27.99 MP=26.94 S4=25.88
O=33.12 H=33.39 L=31.28 C=31.97

UUP PP=22.05
MP=22.07 R1=22.08 MP=22.11 R2=22.13 MP=22.17 R3=22.21 MP=22.25 R4=22.29
MP=22.03 S1=22.00 MP=21.99 S2=21.97 MP=21.93 S3=21.89 MP=21.85 S4=21.81
O=22.05 H=22.09 L=22.01 C=22.04

FROM: www.econoday.com

Economic Events & Analysis - 11/23/2011 Wednesday


7:00 AM ET MBA Purchase Applications
8:30 AM ET Durable Goods Orders
8:30 AM ET Personal Income and Outlays
8:30 AM ET Jobless Claims
9:45 AM ET Bloomberg Consumer Comfort Index
9:55 AM ET Consumer Sentiment
10:30 AM ET EIA Natural Gas Report
11:00 AM ET EIA Petroleum Status Report
11:00 AM ET Kansas City Fed Manufacturing Index
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
1:00 PM ET 7-Yr Note 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]

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


GOLD


R3 1739.77
R2 1718.67
R1 1709.53

PP 1697.57

S1 1688.43
S2 1676.47
S3 1655.37


SILVER

R3 36.02
R2 34.25
R1 33.56

PP 32.48

S1 31.79
S2 30.71
S3 28.94


IWM

R3 72.53
R2 71.20
R1 70.43

PP 69.87

S1 69.10
S2 68.54
S3 67.21




TNA

R3 43.42
R2 41.18
R1 39.87

PP 38.94

S1 37.63
S2 36.70
S3 34.46



TZA

R3 38.51
R2 36.58
R1 35.77

PP 34.65

S1 33.84
S2 32.72
S3 30.79


SDS

R3 23.27
R2 22.69
R1 22.41

PP 22.11

S1 21.83
S2 21.53
S3 20.95

SSO

R3 43.82
R2 42.71
R1 42.13

PP 41.60

S1 41.02
S2 40.49
S3 39.38

…………………………..GLTA

[ask2lern]

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

Levels unchanged as indexes close flat

Yesterday's session was essentially flat for most of the indexes, and there are no major changes to support or resistance levels today.

The Russell 2000 was the laggard and did break it's first support by less than a point. But for rounding purposes it closed on that level, so no change is necessary.

Today's session could be quite volatile because a slew of economic reports will be released before 11 a.m. ET. If history serves as a guide, the day before Thanksgiving is generally very busy in the morning and then subsides quickly as traders head for the exits early.

Keep that in mind in terms of how to manage your position risk. Liquidity may be sparse in the afternoon.

Nasdaq 100 (NDX)
Support is at 2187.46, then at 2160.20, and 2151.48 thereafter. Resistance is at 2237.13, then at Friday's closing price of 2253.95, and at its 50-day moving average at 2289.93.

S&P 500 (SPX)
Support is at 1183.16, then at Monday's low of 1176.41, and thereafter at 1165.55. Resistance is at 1207.70, its 50-day moving average, and then at 1229.19, its 10-day moving average. Above downtrend resistance at the 10-day, next resistance would be at 1237.98.

Russell 2000 (RUT)
Support is at 697.03 and then at 679.73. Resistance is at 712.42 and then at 723.12, its 10-day moving average.

[ask2lern]

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

Mortgage, oil, consumer data on slate

The economic calendar is full as it includes the last reports for the week. Market action could be especially volatile up until 11 a.m. ET, when the last release hits the wires.

At 7 a.m. ET, MBA Purchase Applications will be released. I follow only the purchases component of this mortgage report because it indicates fresh economic activity as opposed to refinancing.

Economists do not make forecasts for this release, but last week purchases came in at 179. A reading higher than that by 5 percent or more would be bullish, while a number that is lower by the same margin or more would be bearish.

Personal Income and Outlays will be reported at 8:30 a.m. ET. The consensus expectation is for incomes to increase by 0.3 percent while spending rises at a faster clip of 0.4 percent. This scenario is less than ideal because it suggests that consumers may not be able to keep purchases rising as incomes remain below consumption growth.

Estimates for incomes range from flat to a rise of 0.5 percent. Forecasts for spending range from 0.1 percent to 0.5 percent. An ideal report would be for a match between the rates of income and spending.

Jobless Claims also comes out at 8:30 a.m. ET. Most economists expect initial claims to total 390,000, a slight rise from last week. Estimates range from a bullish 375,000 claims to a more bearish 400,000. A reading above 400,000 would likely be a negative for markets.

Durable Goods Orders will be the last report scheduled for 8:30 a.m. ET. The consensus forecast calls for orders to come in at -1 percent compared with last month. The range is a bearish -3.5 percent to a bullish 1.2 percent.

The last reading of the Reuters/University of Michigan Consumer Sentiment Index for November will be released at 9:55 a.m. ET. The number, typical of final revisions for the month, is not expected to change much. The consensus expects a reading of 64.5 among estimates that range from a bearish 62.5 to a bullish 67.

The EIA Petroleum Status Report will be released at 11 a.m. ET. Before the EIA data comes out, the American Petroleum Institute issues a competing report based on its own supply data.

The forecast for both reports was for a build of 0.48 million barrels. But the API release, which came out last night after the market closed, showed a surprise draw of -5.569 million barrels instead.

If the EIA data confirms this number or shows an even larger draw, it could be bullish for crude. If it is a smaller draw or a positive number indicating a build, it could be bearish for oil.

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.

[ask2lern]

econalert Economic Alert
MBA Mortgage Index for 11/19: -1.2%, Prior: NA #mkt $$ #economy
8 minutes ago Favorite Retweet Reply

[ask2lern]

SharePlanner Ryan Mallory
Be careful with shorting this market today - under 10 pt gaps in the $SPX tends to get filled fast lately. Be aware of the bounce
14 minutes ago Favorite Retweet Reply

[ask2lern]

FibLine Juan Doe
$EURUSD stks.co/1FQO Overnight price broke sharply out of the Descending Trianagle. This was a solid level of support.
1 minute ago Favorite Retweet Reply

[ask2lern]

Hedgeye Hedgeye
Bullish sentiment is unchanged at 47.4% in the latest US Investor's Intelligence poll
1 minute ago Favorite Retweet Reply

[ask2lern]

ukarlewitz ukarlewitz
$SPY PM 117.7 is right on 10/7 gap window. Gap close is 115.7
2 minutes ago Favorite Retweet Reply

[rex]

FAS/FAZ prices crossed ON and this after the FAS reverse split. LOL

[ask2lern]

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 21 points or -0.93% downside to 1177 and 0.84% upside to 1198. $SPy
11 minutes ago Favorite Retweet Reply

[ask2lern]

MattAtEmptus Matt Peters, CMT
$SPX entering US Thanksgiving Day holiday sessions (Wed & Fri) extremely oversold. Seasonality favors reflex bounce at some point. #mkt
28 minutes ago Favorite Retweet Reply

[ask2lern]

ukarlewitz ukarlewitz
$SPY 30': 117 is my next big S. 116.9 is S3
11 minutes ago Favorite Retweet Reply

[ask2lern]

I am watching SPY 117-117.10 as critical to hold if it lose it and does not recover fast I think we could have problem houston...............If we can get above 117.52 I think SPY might pop a little.........................

[cosmic]

Nov 23, 2011 7:05:57 GMT -5 ask2lern said:

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

Mortgage, oil, consumer data on slate

The economic calendar is full as it includes the last reports for the week. Market action could be especially volatile up until 11 a.m. ET, when the last release hits the wires.

At 7 a.m. ET, MBA Purchase Applications will be released. I follow only the purchases component of this mortgage report because it indicates fresh economic activity as opposed to refinancing.

Economists do not make forecasts for this release, but last week purchases came in at 179. A reading higher than that by 5 percent or more would be bullish, while a number that is lower by the same margin or more would be bearish.

Personal Income and Outlays will be reported at 8:30 a.m. ET. The consensus expectation is for incomes to increase by 0.3 percent while spending rises at a faster clip of 0.4 percent. This scenario is less than ideal because it suggests that consumers may not be able to keep purchases rising as incomes remain below consumption growth.

Estimates for incomes range from flat to a rise of 0.5 percent. Forecasts for spending range from 0.1 percent to 0.5 percent. An ideal report would be for a match between the rates of income and spending.

Jobless Claims also comes out at 8:30 a.m. ET. Most economists expect initial claims to total 390,000, a slight rise from last week. Estimates range from a bullish 375,000 claims to a more bearish 400,000. A reading above 400,000 would likely be a negative for markets.

Durable Goods Orders will be the last report scheduled for 8:30 a.m. ET. The consensus forecast calls for orders to come in at -1 percent compared with last month. The range is a bearish -3.5 percent to a bullish 1.2 percent.

The last reading of the Reuters/University of Michigan Consumer Sentiment Index for November will be released at 9:55 a.m. ET. The number, typical of final revisions for the month, is not expected to change much. The consensus expects a reading of 64.5 among estimates that range from a bearish 62.5 to a bullish 67.

The EIA Petroleum Status Report will be released at 11 a.m. ET. Before the EIA data comes out, the American Petroleum Institute issues a competing report based on its own supply data.

The forecast for both reports was for a build of 0.48 million barrels. But the API release, which came out last night after the market closed, showed a surprise draw of -5.569 million barrels instead.

If the EIA data confirms this number or shows an even larger draw, it could be bullish for crude. If it is a smaller draw or a positive number indicating a build, it could be bearish for oil.

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.

Europe needs money, so it's an across the board IMF-induced US Retirement Squeeze.

[natsalilfly]

Nov 23, 2011 10:28:25 GMT -5 cosmic said:

Europe needs money, so it's an across the board IMF-induced US Retirement Squeeze.

Exactly what I was thinking a few minutes ago. Classic retirement fund raid, and we just hand it over.

[Clinton SPX]

SPY sitting on a master support atm

[Clinton SPX]

if that doesnt hold we prob drop another 150

[rex]

And when that breaks, 115.06 as next?

[ask2lern]

Well gang I am out for the Holiday.................Thanks for your participation and I hope you all have a wonderful holiday with your loved ones..........we really do have much to be thankful for........stay safe and I will be back next week.............Gobble Gobble!!