PPDT - 12/02/2011 Friday - PP-XLF = 12.71

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.71
MP=12.77 R1=12.82 MP=12.87 R2=12.91 MP=13.01 R3=13.11 MP=13.21 R4=13.31
MP=12.67 S1=12.62 MP=12.57 S2=12.51 MP=12.41 S3=12.31 MP=12.21 S4=12.11
O=12.74 H=12.79 L=12.59 C=12.74

FAS PP=60.48
MP=61.25 R1=62.01 MP=62.57 R2=63.12 MP=64.44 R3=65.76 MP=67.08 R4=68.40
MP=59.93 S1=59.37 MP=58.61 S2=57.84 MP=56.52 S3=55.20 MP=53.88 S4=52.56
O=60.59 H=61.6 L=58.96 C=60.89

FAZ PP=42.29
MP=42.66 R1=43.02 MP=43.52 R2=44.02 MP=44.89 R3=45.75 MP=46.62 R4=47.48
MP=41.79 S1=41.29 MP=40.93 S2=40.56 MP=39.70 S3=38.83 MP=37.97 S4=37.10
O=42.26 H=43.3 L=41.57 C=42.01

SPY PP=125.01
MP=125.31 R1=125.60 MP=125.91 R2=126.22 MP=126.83 R3=127.43 MP=128.04 R4=128.64
MP=124.70 S1=124.39 MP=124.10 S2=123.80 MP=123.20 S3=122.59 MP=121.99 S4=121.38
O=124.85 H=125.64 L=124.43 C=124.97

SPG PP=123.07
MP=123.59 R1=124.10 MP=124.65 R2=125.19 MP=126.25 R3=127.31 MP=128.37 R4=129.43
MP=122.53 S1=121.98 MP=121.47 S2=120.95 MP=119.89 S3=118.83 MP=117.77 S4=116.71
O=123.83 H=124.17 L=122.05 C=123

GS PP=94.42
MP=95.03 R1=95.63 MP=96.24 R2=96.84 MP=98.05 R3=99.26 MP=100.47 R4=101.68
MP=93.82 S1=93.21 MP=92.61 S2=92.00 MP=90.79 S3=89.58 MP=88.37 S4=87.16
O=94.58 H=95.62 L=93.2 C=94.43

JPM PP=30.49
MP=30.72 R1=30.94 MP=31.19 R2=31.43 MP=31.90 R3=32.37 MP=32.84 R4=33.31
MP=30.25 S1=30.00 MP=29.78 S2=29.55 MP=29.08 S3=28.61 MP=28.14 S4=27.67
O=30.86 H=30.97 L=30.03 C=30.46

MS PP=14.59
MP=14.71 R1=14.82 MP=14.98 R2=15.14 MP=15.41 R3=15.69 MP=15.96 R4=16.24
MP=14.43 S1=14.27 MP=14.16 S2=14.04 MP=13.76 S3=13.49 MP=13.21 S4=12.94
O=14.56 H=14.9 L=14.35 C=14.51

C PP=26.94
MP=27.11 R1=27.28 MP=27.43 R2=27.57 MP=27.89 R3=28.20 MP=28.52 R4=28.83
MP=26.80 S1=26.65 MP=26.48 S2=26.31 MP=26.00 S3=25.68 MP=25.37 S4=25.05
O=27.08 H=27.23 L=26.6 C=26.99

VIX PP=27.31
MP=27.65 R1=27.99 MP=28.28 R2=28.56 MP=29.19 R3=29.81 MP=30.44 R4=31.06
MP=27.03 S1=26.74 MP=26.40 S2=26.06 MP=25.44 S3=24.81 MP=24.19 S4=23.56
O=27.63 H=27.89 L=26.64 C=27.41

UUP PP=22.03
MP=22.06 R1=22.08 MP=22.10 R2=22.12 MP=22.16 R3=22.21 MP=22.25 R4=22.30
MP=22.01 S1=21.99 MP=21.97 S2=21.94 MP=21.89 S3=21.85 MP=21.80 S4=21.76
O=22.02 H=22.06 L=21.97 C=22.05

FROM: www.econoday.com

Economic Events & Analysis - 12/02/2011 Friday


Monster Employment Index

8:30 AM ET Employment Situation
9:00 AM ET Richard Fisher Speaks
10:00 AM ET Charles Plosser Speaks
1:30 PM ET Eric Rosengren Speaks


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.

[Clinton SPX]

JPM looks strong so far
we gonna close green most likely

[theMIST]

Morning GAP isn't large enough. Looks like it wants to close. I could be wrong though.

S&P should drop to at least 1251

EUR pulled back as well

[Clinton SPX]

I was checking out last Dec candles and there were several gap up and sell downs but were followed the next day by a higher gap up

[theMIST]

I hear ya Clint. Keep in mind that last December we were also in the middle of QE2

[dino]

Minis currently backtesting a down channel it's been in since 11/8. It broke out last night. Bulls want to close above 1251 today (minis).

Strange note: SPX and ES minis are running almost completely in sync today?!?!?!

[natsalilfly]

Dec 2, 2011 9:41:06 GMT -5 theMIST said:

Morning GAP isn't large enough. Looks like it wants to close. I could be wrong though.

S&P should drop to at least 1251

EUR pulled back as well

Yes the bear funds keep hitting HOD, Yogi's scouring for picnic baskets.

[Clinton SPX]

JPM HOD this market gonna blast off

[theMIST]

Watch FINS. FINS taking off

[Rich]

KLAXON BOOM

[natsalilfly]

Yogi got sent packing!

[natsalilfly]

A year ago GS was +160, now it's sub 100 (not for much longer). It has a lot to make up.

[theMIST]

Covered TVIX short only to reload with a slightly larger position. LOL

[theMIST]

Come on 200dsma (currently 1265.02)

[shipoffools]

MS up 9% right now

[natsalilfly]

The nice thing about this move is that the gap up wasn't a monster gap. If you were watching, you could have bought within the first 30 minutes. This is my kinda market!

[natsalilfly]

Bet GOOG surpasses all time high by eoy.

[theMIST]

Do you guys realize that in 1 week we went 100 S&P pts. That's an unbelievable move.

[natsalilfly]

Dec 2, 2011 10:40:22 GMT -5 theMIST said:

Do you guys realize that in 1 week we went 100 S&P pts. That's an unbelievable move.

That's because American markets wanted to be going forward from this spot, not backwards like we did. We got dragged down by EU, but we were otherwise ready to lift off from this level.

[Rich]

I think we need a rest before we do battle with that neckline

but we'll see

[theMIST]

Heads up -- EUR just nosedived against dollar

[Clinton SPX]

EU getting ready to close
might suck till 1130

[natsalilfly]

there go the short funds again hitting their HOD

[theMIST]

EU -- I'm hearing rumor of another possible downgrade OR another bank is in trouble

[shipoffools]

Dec 2, 2011 11:43:55 GMT -5 theMIST said:

EU -- I'm hearing rumor of another possible downgrade OR another bank is in trouble

I heard mention of SPAIN via Simon on CNBC - rumor only.

[natsalilfly]

that figures - GS, JPM, MS aren't acting that way though

[novice08]

Nats, what do you have your psar settings on? I got .02/.20 on the 5 minute and .04/.40 on the 10 minute, not sure if these are best. Thanks.

[natsalilfly]

Dec 2, 2011 12:11:55 GMT -5 novice08 said:

Nats, what do you have your psar settings on? I got .02/.20 on the 5 minute and .04/.40 on the 10 minute, not sure if these are best. Thanks.

Didn't see this til now, was out for a walk on this beautiful Bay Area morning. I have .02/.20 and I use that on time frames, so it's entirely possible I could use some education on that indicator! But, I like it. Right now, I have FAS approaching SAR switch to positive on the 15 minute. I watch close at these time to see if it's successful or if it rejects it.

[natsalilfly]

And so far it's just sitting under the SAR indicator, getting closer to a switch which would bode well for rest of day. Well, I have to hit the shower and we have a party tonight for my 15 year old...20 or so teenagers coming over for ping pong and WII The market will have to do what it will without me...

[natsalilfly]

one more thing, the 64.44 is a pivot point between R2 & R3 for the day, it will be interesting what happens here on FAS