PPDT - 11/28/2011 Monday - PP-XLF = 11.83

[ask2lern]

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


GOLD


R3 1737.27
R2 1710.77
R1 1696.03

PP 1684.27

S1 1669.53
S2 1657.77
S3 1631.27


SILVER

R3 33.30
R2 32.29
R1 31.69

PP 31.28

S1 30.68
S2 30.27
S3 29.26


IWM

R3 69.93
R2 68.51
R1 67.57

PP 67.09

S1 66.15
S2 66.67
S3 64.25




TNA

R3 38.78
R2 36.58
R1 35.13

PP 34.38

S1 32.93
S2 32.18
S3 29.98



TZA

R3 43.69
R2 41.28
R1 40.47

PP 38.87

S1 38.06
S2 36.46
S3 34.05


SDS

R3 24.21
R2 23.62
R1 23.41

PP 23.03

S1 22.82
S2 22.44
S3 21.85

SSO

R3 41.76
R2 40.80
R1 40.17

PP 39.84

S1 39.21
S2 38.88
S3 37.92

…………………………..GLTA

[ask2lern]

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

Two news reports could help indexes

The shortened Friday session ended on a down note after a failed attempt at a rally. Rather than stock news, it was yet another credit downgrade in Europe, this time for Belgium, that brought the indexes to the lows of the session. And that is where they closed out the week.

I had pointed out Friday that the S&P 500 was at a deeply oversold level, one from which rallies can typically begin, but the technicals were overshadowed by the headlines. However, there are two news items that could make today a better session for the bulls. (See related story)

The first is that there was broad improvement in retail sales on Black Friday, with initial estimates suggesting the best sales since 2007. That is sure to put some confidence into traders' perspective on the U.S. consumer and their willingness to spend.

Another item originally reported on Friday but lost in the noise of the day was picked up again by several news agencies last night. The report, which I first saw on Reuters, is that Germany and France would attempt to expedite a mini-fiscal integration pact by side-stepping some of the country-by-country process that could take years to sort out.

The essence of this pact would be to persuade the European Central Bank to accelerate its bond purchases by ensuring stability in the Eurozone. Shortly after the article appeared, U.S. futures bolted higher, in some cases by nearly 2 percent.

Of course, there is no guarantee that this overnight enthusiasm will hold. But if it does, levels could change quickly.

On Friday the Nasdaq 100 and the Russell 2000 broke some key support areas and will get new levels today. The S&P 500 just grazed initial support, and I have left that value in place given the higher futures.

Nasdaq 100 (NDX)
Support is at 2131.31, then at 2110.14, and 2091.91 thereafter. Resistance is at 2151.48 and then at 2160.20. Next resistance levels above would be at 2187.46, and thereafter at 2237.13.

S&P 500 (SPX)
All of the following support levels are new. Initial support would be at 1159.93 (see note above). Thereafter it would be at 1141.72 and then at 1131.21. Initial resistance is at 1165.55, then at 1176.41, and 1183.16 thereafter.

Russell 2000 (RUT)
Support is at 656.21 and then at 642.28. Resistance is at 679.73 and then at 697.03. Above these levels, next major resistance would be at 712.73, its 10-day moving average.

[ask2lern]

From www.optiomonster.com .........................GLTA

Home sales are lone entry on calendar

There is only one economic report today in a back-end-loaded week dominated by employment data.

At 10 a.m. ET, New Home Sales data comes out. The consensus forecast calls for sales of 310,000, which would be a slight decline from the previous month.

Estimates range from 300,000 at the low, which would be bearish, to 320,000 at the high, which would be bullish.

[ask2lern]

MattAtEmptus Matt Peters, CMT
If this is start of massive year-end rally,one can always re-enter after capturing gains.Risk mgmt/capital preservation trumps greed $$ #mkt
1 minute ago Favorite Retweet Reply

[kryptos2009]

A2L, Thx for the start & Info !!!

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=11.83
MP=11.88 R1=11.92 MP=12.00 R2=12.07 MP=12.19 R3=12.31 MP=12.43 R4=12.55
MP=11.76 S1=11.68 MP=11.64 S2=11.59 MP=11.47 S3=11.35 MP=11.23 S4=11.11
O=11.75 H=11.97 L=11.73 C=11.78

FAS PP=49.76
MP=50.31 R1=50.86 MP=51.61 R2=52.35 MP=53.64 R3=54.94 MP=56.23 R4=57.53
MP=49.02 S1=48.27 MP=47.72 S2=47.17 MP=45.87 S3=44.58 MP=43.28 S4=41.99
O=48.86 H=51.24 L=48.65 C=49.38

FAZ PP=53.69
MP=54.52 R1=55.35 MP=55.98 R2=56.60 MP=58.06 R3=59.51 MP=60.97 R4=62.42
MP=53.07 S1=52.44 MP=51.61 S2=50.78 MP=49.33 S3=47.87 MP=46.42 S4=44.96
O=54.73 H=54.94 L=52.03 C=54.1

SPY PP=116.75
MP=117.02 R1=117.29 MP=117.77 R2=118.25 MP=119.00 R3=119.75 MP=120.50 R4=121.25
MP=116.27 S1=115.79 MP=115.52 S2=115.25 MP=114.50 S3=113.75 MP=113.00 S4=112.25
O=116.38 H=117.7 L=116.2 C=116.34

SPG PP=116.69
MP=117.44 R1=118.18 MP=119.10 R2=120.02 MP=121.69 R3=123.35 MP=125.02 R4=126.68
MP=115.77 S1=114.85 MP=114.11 S2=113.36 MP=111.70 S3=110.03 MP=108.37 S4=106.70
O=115.63 H=118.54 L=115.21 C=116.33

GS PP=89.31
MP=90.10 R1=90.88 MP=91.95 R2=93.01 MP=94.86 R3=96.71 MP=98.56 R4=100.41
MP=88.25 S1=87.18 MP=86.40 S2=85.61 MP=83.76 S3=81.91 MP=80.06 S4=78.21
O=88.06 H=91.44 L=87.74 C=88.75

JPM PP=28.64
MP=28.83 R1=29.01 MP=29.27 R2=29.53 MP=29.98 R3=30.42 MP=30.87 R4=31.31
MP=28.38 S1=28.12 MP=27.94 S2=27.75 MP=27.31 S3=26.86 MP=26.42 S4=25.97
O=28.28 H=29.17 L=28.28 C=28.48

MS PP=13.32
MP=13.45 R1=13.57 MP=13.73 R2=13.89 MP=14.17 R3=14.46 MP=14.74 R4=15.03
MP=13.16 S1=13.00 MP=12.88 S2=12.75 MP=12.46 S3=12.18 MP=11.89 S4=11.61
O=13.15 H=13.63 L=13.06 C=13.26

C PP=23.89
MP=24.07 R1=24.25 MP=24.56 R2=24.87 MP=25.36 R3=25.85 MP=26.34 R4=26.83
MP=23.58 S1=23.27 MP=23.09 S2=22.91 MP=22.42 S3=21.93 MP=21.44 S4=20.95
O=23.63 H=24.51 L=23.53 C=23.63

VIX PP=34.12
MP=34.62 R1=35.12 MP=35.45 R2=35.77 MP=36.60 R3=37.42 MP=38.25 R4=39.07
MP=33.80 S1=33.47 MP=32.97 S2=32.47 MP=31.65 S3=30.82 MP=30.00 S4=29.17
O=34.61 H=34.77 L=33.12 C=34.47

UUP PP=22.40
MP=22.43 R1=22.46 MP=22.49 R2=22.51 MP=22.56 R3=22.62 MP=22.67 R4=22.73
MP=22.38 S1=22.35 MP=22.32 S2=22.29 MP=22.23 S3=22.18 MP=22.12 S4=22.07
O=22.39 H=22.44 L=22.33 C=22.42

FROM: www.econoday.com

Economic Events & Analysis - 11/28/2011 Monday


10:00 AM ET New Home Sales
10:30 AM ET Dallas Fed Mfg Survey
11:00 AM ET 4-Week Bill Announcement
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month 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.

[elle]

thanks, boys

hee-hee-hee

[Clinton SPX]

looks like a gap and go so far

[Clinton SPX]

dont trust it though

[natsalilfly]

Yeah it's not definitive. With all the shenanigans, all we have is hopium.

[Clinton SPX]

watch that 200ma10

[herceg1967]

If 1205 breaks to the upside, we may have a bit more juice..............will only scalp right now as everything is a coin toss with news here and abroad................glad I covered my short Friday as I posted on Friday in case some missed it.............

BOL to all..........

[Clinton SPX]

still looks like a gap and go

only problem is I have no faith in this market any more

[Clinton SPX]

OK afternoon buy program should kick in soon

[Clinton SPX]

seems no one is taking profits on this gap
Im feeling bullish. Rah Roh

[novice08]

Nov 28, 2011 10:19:25 GMT -5 Clinton SPX said:

still looks like a gap and go

only problem is I have no faith in this market any more

You and 100 million other people. Talked to a money mgr. this week-end...said people want to be in cash. They've been fleeced once too often.

[Clinton SPX]

well according to ITMS methodology
we had a river theory over previous resis
we also have bul confirm on spy above the 200ma
this should signal a 2 or 3 day rally
we shall see

Attachments:

[maxi]

Only thing I would long is specific retailers. I woke up late but I did expect this rally. But like you all I don't need to chase..... In fact I wonder how many shorts are reloading??? VIX creeping up at HOD

[ask2lern]

Watching R3 @ 119.77 if it fails on volume lower otherwise should just grind around but dont think it can go much higher today IMO.......................

[natsalilfly]

If financials decide to play catch up with IWM then we could get a second wind overall...

[maxi]

Here it comes....... second wind......

[ask2lern]

petenajarian petenajarian
Most Active ETF Options: bit.ly/s1bUX3 via @optionmonster
6 minutes ago Favorite Retweet Reply

[ask2lern]

That would be a bearish bias IMO...........but it could be bullish depending on how they traded................should not try an pick market direction on index option activity but it is something good to know IMO....................GL

[maxi]

Most stuff I am looking at (aside from leveraged etf's) is trading in a really tight range (from hod of day to lod) right now. It all gapped up but now is just waffling.

[Clinton SPX]

20/200 necktie is here
bullish cross might trigger buy program

[mihai]

This would be a perfect time to go short IMO, would have a stop at 1200-1205ish... But I'm already short at about 1185 bleh.

[tarzan]

seekingalpha.com/currents/all

Today - Monday, November 28, 2011
C, STT 12:35 PM Morgan Stanley cuts its outlook and price targets on big U.S. banks, citing economic concerns in the U.S. and Europe. Most notably, it cuts Citigroup (C +5.8%) to Equal Weight from Overweight and trims its price target to $30 from $45. Cut to Underweight: STT +1.7%, BK +1.4%, NTRS +1.4%. But for today at least, bank stocks (XLF +3%) are rallying. [Financials, On the Move] Comment!

12:26 PM IMF chief Christine Lagarde heads to South America - not to try and impose Fund programs on that region's economies - but, in "an historic about-turn," with her hand out to get assistance with EU bailouts. The SA countries will likely push for increasing their influence within the IMF, something Lagarde can chat about, but not guarantee. [Global & FX] 2 Comments

TAOM 12:25 PM Chinese children's media site Taomee (TAOM +7.3%), which just went public earlier this year, trades up after announcing a $10M stock buyback this morning. [Tech, Global & FX, On the Move] Comment!

12:19 PM Nov. Texas Fed Manufacturing Outlook: Business Activity Index 3.2 vs. 2.3 prior. Mfg. Production Index -5.1 vs. 4.1 prior. New orders -5.1 vs. 8.3. Capacity utilization -10.2 vs. 2.8. Shipments -1.1 vs. 2.7. Employment 9.0 vs. 15.1. [U.S. Economy] 1 Comment

[Clinton SPX]

Nov 28, 2011 12:26:18 GMT -5 mihai said:

This would be a perfect time to go short IMO, would have a stop at 1200-1205ish... But I'm already short at about 1185 bleh.

Robot Logic = GO LONG

[ask2lern]

petenajarian petenajarian
Cyber Monday Sale on Dec 40 VIX Calls: bit.ly/s3C79H via @optionmonster
17 minutes ago Favorite Retweet Reply

[Clinton SPX]

200ma10 rock solid support
lets see if the squeeze machine shows up

[Rich]

that's a pretty devastating candle on the 5 minute