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Post by ask2lern on Dec 6, 2011 7:13:16 GMT -5
Good Morning Gang
Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1793.57
R2 1761.67
R1 1742.93
PP 1729.77
S1 1711.03
S2 1697.87
S3 1665.97
SILVER
R3 34.98
R2 33.67
R1 32.92
PP 32.36
S1 31.61
S2 31.05
S3 29.74
IWM
R3 77.28
R2 76.02
R1 75.39
PP 74.76
S1 74.13
S2 73.50
S3 72.24
TNA
R3 51.26
R2 48.99
R1 47.84
PP 46.72
S1 45.57
S2 44.45
S3 42.18
TZA
R3 29.81
R2 28.38
R1 27.68
PP 26.95
S1 26.25
S2 25.52
S3 24.09
SDS
R3 20.61
R2 20.05
R1 19.79
PP 19.49
S1 19.23
S2 18.93
S3 18.37
SSO
R3 49.00
R2 47.75
R1 47.10
PP 46.50
S1 45.85
S2 45.25
S3 44.00
…………………………..GLTA
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Post by ask2lern on Dec 6, 2011 7:16:39 GMT -5
From www.optionmonster.com .......................GLTA S&P 500, Nasdaq 100 break resistanceThe indexes had a bumpy ride yesterday, but nothing like the extreme price swings seen last week. None of the moves were exceptional, but the Nasdaq 100 and the S&P 500 did take out their first resistance levels. The Russell 2000 came within a fraction of a point of doing so, but its levels did not change. For the S&P 500 and the Nasdaq 100, what was initial resistance becomes support and each adds a new resistance level. Nasdaq 100 (NDX)Support is at 2322.60, then at 2291.46, its 200-day moving average, and thereafter at 2287.66, its 50-day moving average. Resistance is at 2337.70, a pivot high from September, then at 2359.16, an April pivot high, and thereafter at 2378.10. S&P 500 (SPX)Support is at 1249.05, 1233.10, and 1220.25. Resistance is at 1264.52, its 200-day moving average, then at 1280.91, and 1287.08 thereafter. Russell 2000 (RUT)Support is at 730.67, 723.37, 716.25, and 711.21. Resistance is at 747.76, 756.76, and 769.46. |
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Post by ask2lern on Dec 6, 2011 7:18:02 GMT -5
From www.optionmonster.com ............................GLTA Retail reports on economic calendarThere are only two economic reports scheduled for today, the regular weekly retail sales data releases. At 7:45 a.m. ET, the ICSC/Goldman Store Sales report will be released. There are two parts to the report, the week-over-week and year-over-year comparisons. 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 change came in at 1.7 percent. The year-over-year data in the previous report showed a gain of 4 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be bearish. The 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, and the other is the year-over-year comparison, which shows the broader trend best. The last month-over-month reading was 2.2 percent. The previous report's year-over-year data showed a gain of 5.4 percent. Negative numbers in either series would be bearish. |
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Post by ask2lern on Dec 6, 2011 7:33:57 GMT -5
Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 26 points or -1.84% downside to 1234 and 0.23% upside to 1260. $SPY
16 minutes ago Favorite Retweet Reply
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Post by ask2lern on Dec 6, 2011 7:49:18 GMT -5
zerohedge zerohedge
US ICSC Chain Store Sales (Dec 6) W/W -2.3% vs. Prev. 1.7%
3 minutes ago Favorite Retweet Reply
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Post by kryptos2009 on Dec 6, 2011 9:39:26 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=13.19 MP=13.25 R1=13.31 MP=13.39 R2=13.46 MP=13.59 R3=13.73 MP=13.86 R4=14.00 MP=13.12 S1=13.04 MP=12.98 S2=12.92 MP=12.78 S3=12.65 MP=12.51 S4=12.38 O=13.15 H=13.33 L=13.06 C=13.17 FAS PP=66.35 MP=67.20 R1=68.04 MP=69.03 R2=70.02 MP=71.85 R3=73.69 MP=75.52 R4=77.36 MP=65.36 S1=64.37 MP=63.53 S2=62.68 MP=60.84 S3=59.01 MP=57.17 S4=55.34 O=66.25 H=68.32 L=64.65 C=66.07 FAZ PP=38.39 MP=39.04 R1=39.68 MP=40.23 R2=40.78 MP=41.98 R3=43.17 MP=44.37 R4=45.56 MP=37.84 S1=37.29 MP=36.65 S2=36.00 MP=34.81 S3=33.61 MP=32.42 S4=31.22 O=38.48 H=39.49 L=37.1 C=38.58 SPY PP=126.28 MP=126.70 R1=127.12 MP=127.57 R2=128.02 MP=128.89 R3=129.76 MP=130.63 R4=131.50 MP=125.83 S1=125.38 MP=124.96 S2=124.54 MP=123.67 S3=122.80 MP=121.93 S4=121.06 O=126.84 H=127.18 L=125.44 C=126.22 SPG PP=123.18 MP=123.71 R1=124.23 MP=124.86 R2=125.48 MP=126.63 R3=127.78 MP=128.93 R4=130.08 MP=122.56 S1=121.93 MP=121.41 S2=120.88 MP=119.73 S3=118.58 MP=117.43 S4=116.28 O=124.21 H=124.44 L=122.14 C=122.97 GS PP=100.35 MP=101.01 R1=101.66 MP=102.58 R2=103.49 MP=105.06 R3=106.63 MP=108.20 R4=109.77 MP=99.44 S1=98.52 MP=97.87 S2=97.21 MP=95.64 S3=94.07 MP=92.50 S4=90.93 O=99.56 H=102.19 L=99.05 C=99.82 JPM PP=33.61 MP=33.81 R1=34.00 MP=34.25 R2=34.49 MP=34.93 R3=35.37 MP=35.81 R4=36.25 MP=33.37 S1=33.12 MP=32.93 S2=32.73 MP=32.29 S3=31.85 MP=31.41 S4=30.97 O=33.64 H=34.1 L=33.22 C=33.51 MS PP=16.39 MP=16.60 R1=16.80 MP=16.91 R2=17.02 MP=17.34 R3=17.65 MP=17.97 R4=18.28 MP=16.28 S1=16.17 MP=15.97 S2=15.76 MP=15.45 S3=15.13 MP=14.82 S4=14.50 O=16.1 H=16.62 L=15.99 C=16.57 C PP=29.63 MP=29.99 R1=30.34 MP=30.60 R2=30.85 MP=31.46 R3=32.07 MP=32.68 R4=33.29 MP=29.38 S1=29.12 MP=28.77 S2=28.41 MP=27.80 S3=27.19 MP=26.58 S4=25.97 O=29.02 H=30.14 L=28.92 C=29.83 VIX PP=27.38 MP=28.08 R1=28.77 MP=29.23 R2=29.69 MP=30.85 R3=32.00 MP=33.16 R4=34.31 MP=26.92 S1=26.46 MP=25.77 S2=25.07 MP=23.92 S3=22.76 MP=21.61 S4=20.45 O=26.74 H=28.31 L=26 C=27.84 UUP PP=22.09 MP=22.14 R1=22.18 MP=22.21 R2=22.24 MP=22.32 R3=22.39 MP=22.47 R4=22.54 MP=22.06 S1=22.03 MP=21.99 S2=21.94 MP=21.87 S3=21.79 MP=21.72 S4=21.64 O=22.03 H=22.15 L=22 C=22.12 FROM: www.econoday.comEconomic Events & Analysis - 12/06/2011 Tuesday7:45 AM ET ICSC-Goldman Store Sales 8:55 AM ET Redbook 10:00 AM ET Daniel Tarullo Speaks 11:30 AM ET 4-Week Bill Auction 3:00 PM ET Treasury STRIPS 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 crumbdon on Dec 6, 2011 9:45:43 GMT -5
Wow, FAS is a barf bag today!  Big banks all pretty weak today, JPM down almost 2% right now.. Is this all related to yesterday's stunt by SubStandard & Poors? |
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Post by crumbdon on Dec 6, 2011 9:59:38 GMT -5
Weird. C, JPM, regionals all weak. Yet, BAC wants to go green, with GS considering following. Hmmm... who'll win?  |
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Post by crumbdon on Dec 6, 2011 11:49:45 GMT -5
Uh-oh...BAC just gave up the strength it's been holding most of the morning. With the rest of the fins weak, and the NASDAQ so very pukey, our chances of busting out upside are diminishing.  |
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Post by crumbdon on Dec 6, 2011 12:19:15 GMT -5
Regardless of which side you're playing right now, it's scary to think how the slightest provocation could send this thing hurtling in either direction.
Even scarier, realizing that a rookie trader/poster like myself is the only thing keeping this thread alive today.
(Beuller...Beuller?...?... Hello?...)
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Post by natsalilfly on Dec 6, 2011 12:31:03 GMT -5
You're doing a great job! And you've made some great plays lately. I sold yesterday so I'm just goofing off with the Opex contest and provoking Timber on a political thread. I think we have a bit of down ahead, but not sure. I don't like GS hanging around $100, it should blow the doors off that price for our Christmas rally to glisten (if not have real legs!)
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Post by crumbdon on Dec 6, 2011 12:51:59 GMT -5
You're doing a great job! And you've made some great plays lately. I sold yesterday so I'm just goofing off with the Opex contest and provoking Timber on a political thread. I think we have a bit of down ahead, but not sure. I don't like GS hanging around $100, it should blow the doors off that price for our Christmas rally to glisten (if not have real legs!) Yay! A player on the thread! I haven't had any good plays lately. Been on vacation last week and a half, so been in cash. Thought I had a good start back in FAS yesterday, but the market reversal took me out on a trailing stop with puny profits. Jonesing to get back in, but not trusting right here. I think more tape bombs may be tossed out as we fight to cross 1260-1267 area. I'll reluctantly be patient awaiting more clarity. Good luck, Nat! (And you other 2 people reading this thread, lol!) |
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Post by crumbdon on Dec 6, 2011 13:02:58 GMT -5
BAC can't make up its mind which team to play for today. Red again, and getting weaker. Fake out/ shake out?
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Post by tarzan on Dec 6, 2011 13:30:42 GMT -5
Interesting action since Nov 23rd. If you had sold the open and bought the close on each day, you would have had quite the smile on your face. Very unusual and I will need to delve further into that particular sequence. I was noticing the daily flags on the 60 min.
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Post by crumbdon on Dec 6, 2011 13:55:13 GMT -5
Interesting action since Nov 23rd. If you had sold the open and bought the close on each day, you would have had quite the smile on your face. Very unusual and I will need to delve further into that particular sequence. I was noticing the daily flags on the 60 min. . Yes, and with Europe still hanging over our heads, I expect that's how most of this year's Christmas rally will be built, on multiple overnight gaps. Sure, we'll have to pay dearly after the first of the year when we have to go back and fill all of them. But hey- who cares?!? That's soooo far away from now, right? |
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Post by jack on Dec 6, 2011 13:58:32 GMT -5
Uh-oh...BAC just gave up the strength it's been holding most of the morning. With the rest of the fins weak, and the NASDAQ so very pukey, our chances of busting out upside are diminishing. I have nothing but good things to say about my BAC acct and the service...thought I was gonna have to pay $30 for stopping a check's payment on something today and after 'splaining the situation they waived the fee. |
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Post by crumbdon on Dec 6, 2011 15:18:31 GMT -5
Uh-oh...BAC just gave up the strength it's been holding most of the morning. With the rest of the fins weak, and the NASDAQ so very pukey, our chances of busting out upside are diminishing. I have nothing but good things to say about my BAC acct and the service...thought I was gonna have to pay $30 for stopping a check's payment on something today and after 'splaining the situation they waived the fee. They're despicable, aren't they Jack? My love affair for BAC extends only to the point that it assists my decision whether to long or short financials. Other than that, if it weren't for the poor souls employed by this financial Lucifer, I'd wish for a Godzilla attack on the whole joint! |
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Post by jack on Dec 6, 2011 15:51:12 GMT -5
I have nothing but good things to say about my BAC acct and the service...thought I was gonna have to pay $30 for stopping a check's payment on something today and after 'splaining the situation they waived the fee. They're despicable, aren't they Jack? My love affair for BAC extends only to the point that it assists my decision whether to long or short financials. Other than that, if it weren't for the poor souls employed by this financial Lucifer, I'd wish for a Godzilla attack on the whole joint! Yeh...the Countrywide-Mozillo thing sure is despicable Crumbdon, but I've had no prob w/ my checking acct there go figure. |
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Post by crumbdon on Dec 6, 2011 16:00:05 GMT -5
They're despicable, aren't they Jack? My love affair for BAC extends only to the point that it assists my decision whether to long or short financials. Other than that, if it weren't for the poor souls employed by this financial Lucifer, I'd wish for a Godzilla attack on the whole joint! Yeh...the Countrywide-Mozillo thing sure is despicable Crumbdon, but I've had no prob w/ my checking acct there go figure. OOPS, Jack! I misread your post. lol! Thought you were saying you had a bad experience with them. Hopefully I trade better than I read. Guess I'm not fully back from vacation yet. Glad to hear they are still taking care of at least some of their customers. Wish my last experience with them would've been more positive. GL! |
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Post by elle on Dec 6, 2011 17:14:27 GMT -5
didn't get the sell today, I think tomorrow
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Post by jack on Dec 6, 2011 17:21:41 GMT -5
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Post by novice08 on Dec 6, 2011 17:42:38 GMT -5
BAC pays $315 million more to settle claims in addition to $12.7 Billion during the first half of the year and they're not done yet. It's been all over the news here today.
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