PPDT - 12/09/2011 Friday - PP-XLF = 12.93

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.93
MP=13.01 R1=13.09 MP=13.22 R2=13.35 MP=13.56 R3=13.77 MP=13.98 R4=14.19
MP=12.80 S1=12.67 MP=12.59 S2=12.51 MP=12.30 S3=12.09 MP=11.88 S4=11.67
O=13.2 H=13.2 L=12.78 C=12.82

FAS PP=62.84
MP=63.91 R1=64.98 MP=66.76 R2=68.54 MP=71.39 R3=74.24 MP=77.09 R4=79.94
MP=61.06 S1=59.28 MP=58.21 S2=57.14 MP=54.29 S3=51.44 MP=48.59 S4=45.74
O=66.28 H=66.4 L=60.7 C=61.42

FAZ PP=40.24
MP=41.22 R1=42.19 MP=42.79 R2=43.39 MP=44.96 R3=46.54 MP=48.11 R4=49.69
MP=39.64 S1=39.04 MP=38.07 S2=37.09 MP=35.51 S3=33.94 MP=32.36 S4=30.79
O=38.37 H=41.43 L=38.28 C=41

SPY PP=124.59
MP=125.07 R1=125.54 MP=126.33 R2=127.12 MP=128.39 R3=129.65 MP=130.92 R4=132.18
MP=123.80 S1=123.01 MP=122.54 S2=122.06 MP=120.80 S3=119.53 MP=118.27 S4=117.00
O=125.9 H=126.18 L=123.65 C=123.95

SPG PP=122.01
MP=122.47 R1=122.93 MP=123.64 R2=124.35 MP=125.52 R3=126.69 MP=127.86 R4=129.03
MP=121.30 S1=120.59 MP=120.13 S2=119.67 MP=118.50 S3=117.33 MP=116.16 S4=114.99
O=123.26 H=123.44 L=121.1 C=121.5

GS PP=101.33
MP=102.31 R1=103.28 MP=104.96 R2=106.64 MP=109.30 R3=111.95 MP=114.61 R4=117.26
MP=99.65 S1=97.97 MP=97.00 S2=96.02 MP=93.37 S3=90.71 MP=88.06 S4=85.40
O=103.68 H=104.69 L=99.38 C=99.92

JPM PP=32.67
MP=32.96 R1=33.25 MP=33.77 R2=34.29 MP=35.10 R3=35.91 MP=36.72 R4=37.53
MP=32.15 S1=31.63 MP=31.34 S2=31.05 MP=30.24 S3=29.43 MP=28.62 S4=27.81
O=33.55 H=33.7 L=32.08 C=32.22

MS PP=16.34
MP=16.63 R1=16.92 MP=17.44 R2=17.96 MP=18.77 R3=19.58 MP=20.39 R4=21.20
MP=15.82 S1=15.30 MP=15.01 S2=14.72 MP=13.91 S3=13.10 MP=12.29 S4=11.48
O=17.12 H=17.38 L=15.76 C=15.88

C PP=28.17
MP=28.55 R1=28.93 MP=29.52 R2=30.11 MP=31.08 R3=32.05 MP=33.02 R4=33.99
MP=27.58 S1=26.99 MP=26.61 S2=26.23 MP=25.26 S3=24.29 MP=23.32 S4=22.35
O=29.28 H=29.35 L=27.41 C=27.75

VIX PP=30.17
MP=30.75 R1=31.33 MP=31.70 R2=32.06 MP=33.01 R3=33.95 MP=34.90 R4=35.84
MP=29.81 S1=29.44 MP=28.86 S2=28.28 MP=27.34 S3=26.39 MP=25.45 S4=24.50
O=29.63 H=30.91 L=29.02 C=30.59

UUP PP=22.18
MP=22.21 R1=22.24 MP=22.26 R2=22.28 MP=22.33 R3=22.38 MP=22.43 R4=22.48
MP=22.16 S1=22.14 MP=22.11 S2=22.08 MP=22.03 S3=21.98 MP=21.93 S4=21.88
O=22.14 H=22.23 L=22.13 C=22.19

FROM: www.econoday.com

Economic Events & Analysis - 12/09/2011 Friday


8:30 AM ET International Trade
9:55 AM ET Consumer Sentiment


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 1831.30
R2 1777.20
R1 1742.00

PP 1722.60

S1 1687.40
S2 1668.00
S3 1613.40


SILVER

R3 36.27
R2 34.20
R1 32.98

PP 32.13

S1 30.91
S2 30.06
S3 27.99


IWM

R3 76.84
R2 74.88
R1 73.62

PP 72.92

S1 71.66
S2 70.96
S3 69.00




TNA

R3 50.65
R2 46.98
R1 44.64

PP 43.31

S1 40.97
S2 39.64
S3 35.97



TZA

R3 33.21
R2 31.07
R1 30.31

PP 28.93

S1 28.17
S2 26.79
S3 24.65


SDS

R3 21.55
R2 20.78
R1 20.49

PP 20.01

S1 19.72
S2 19.24
S3 18.47

SSO

R3 48.99
R2 47.12
R1 45.95

PP 45.25

S1 44.08
S2 43.38
S3 41.51

…………………………..GLTA

[ask2lern]

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

Indexes fall below key support levels

The indexes saw a large move yesterday after two sessions of relative inaction, a sharp drop prompted by the European Central Bank's refusal to extend bond purchases in the Eurozone.

Each of the indexes broke a significant number of support levels. Resistance levels have been rolled down for today, and support levels we saw last week are back in place in some cases.

The chances of a large move following the European Union summit meeting tomorrow are quite high, with a chance that levels below could be broken.

Nasdaq 100 (NDX)
Support is at 2274.45, its 10-day moving average, then at 2253.95. On a break of the 2250 area, next support would be at 2225.54. Resistance is at 2291.55, its 200-day moving average, then at 2324.04, which was yesterday's high, and thereafter at 2337.70.

S&P 500 (SPX)
Support is at 1229.31, its 10-day moving average, and then at 1217.96, its 50-day moving average, thereafter at 1203.67. Initial resistance is at 1249.05, then at 1263.64, its 200-day moving average, and thereafter at 1280.91.

Russell 2000 (RUT)
Support is at 716.25, then at 711.22, its 50-day moving average, and thereafter at 697.85. Resistance is at 730.67, 740.76, and 756.76.

[ask2lern]

From www.optionmonste.com ..........................GLTA

Trade, consumer data lead calendar

There are two reports on the economic calendar--international trade and consumer sentiment--with the latter likely to draw the most market attention.

International Trade will be released at 8:30 a.m. ET. The trade gap is expected to come in little- changed, at -$43.5 billion. The range is from a gap of -$46 billion to -$40.3 billion. Unless the gap is significantly larger or smaller than this range, it isn't likely to have much impact.

The Reuters/University of Michigan Consumer Sentiment Survey come out at 9:55 a.m. ET. The expectation is for sentiment to rise to 66. The range expected is from a bearish 63 to a bullish 68.

[ask2lern]

gtotoy gtotoy
$SPY Read for the day stks.co/1StY $DX_F $SPX
12 minutes ago Favorite Retweet Reply

SPY Read for the day

Posted by gtotoyon December 9th, 2011Came down and tagged $SPY 123.65 / $SPX 1235 yesterday. Support is support until it is not support. Keep things simple, buy support, if it fails get out. Wait for next support. Simple if you want it to be. In this volatile environment I find the 30min chart invaluble. You can see that we also held the 200ema at 123.97. Market is gapping up on whatever, honestly I could care less why, I just pay attention to price. If you are short term trading then you should not care either. Focus your energy on trading what the market gives you, instead of complaining about why we are up or why we are down. The powers that be dont care about what you think, you will not change anything! I’d rather not have to hear about wanting a dip, only to hear complaints when we get it. The 20ema and 50ema at 125.10 and 125.36 will be key today. If we can get above those then we have major resistance at 126 to deal with. Over 127.20 and it is Kirby time. Now for the downside. Yesterdays low was 123.65 and if we lose it, look out below. 123.10 is the 38% fib. A trendline backtest around 122.50 and major support comes in at 122.08. There is a good shot that yesterdays low of 123.65 will hold through options expiration next week. But then again, it may not. Know the levels and stop out when they break. 78.50 on the $DX_F is all important again as well. It has been tested in pre market and it is holding. Above it and market should struggle, under it and well ya know.

Chart with notes can be found at link above....................GLTA

[ask2lern]

A pattern I have noticed on Fridays is a gap and then a very narrow trading range with a rip or two in either direction................IMO this is to burn weekly option premium and looking at OI I suspect a close near 125.....there is a lot of premium to burn on both CALLS and PUTS near that level......just a guess.............GLTA


One other observation I have noticed recently in general is that when we get those whipsaw moves to the upside on news/rumor on relatively low volume compared to the immediate sell off that has followed always seems to have significantly more volume to the downside............smells of distribution to me...........noticed it in copper too FWIW......................GLTA

[ask2lern]

ukarlewitz ukarlewitz
$SPY levels: daily pivot 124.6 (price now). 123.8 (Thurs low). 123.2 area (gap window, 20dma, 38% fib and S1 <--mega).
5 minutes ago Favorite Retweet Reply

[ask2lern]

petenajarian petenajarian
XLF outperforming early, up 1.6%, Industrials and Big Pharma are up in the broad market, but the chips are dragging,
2 minutes ago Favorite Retweet Reply

[natsalilfly]

In FAS, 63.40. Tried for 63 but computer slow out of the gate. (Yeah, I'm sure it's just the computer, and not me!)

[ask2lern]

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 17 points or -0.03% downside to 1234 and 1.35% upside to 1251. $spy
5 minutes ago Favorite Retweet Reply

[ask2lern]

StockSage1 Robert Sinn
Cramer bullish
6 minutes ago Favorite Retweet Reply

Never a good sign...................

[natsalilfly]

XLF having a little trouble with R1, regrouping

[ask2lern]

grassosteve Steve Grasso
i would be a seller of market until we close above 200dma currently 1263 crossed over the 200dma on the 5, 6 and 7th of dec but not on close
8 minutes ago Favorite Retweet Reply

[natsalilfly]

Grasso's a party pooper ;D

[natsalilfly]

Dec 9, 2011 10:23:21 GMT -5 ask2lern said:

grassosteve Steve Grasso
i would be a seller of market until we close above 200dma currently 1263 crossed over the 200dma on the 5, 6 and 7th of dec but not on close
8 minutes ago Favorite Retweet Reply

Yes but the DOW has been above the 200 since Nov 30th, and yesterday can be considered a touchback. SPX did fall away from the 200 yesterday so I can see why it gives the spooks, but which index offers a more solid view of the market? If this were a dog show, the DOW is the working class, the real power animals getting the job done, while the SPX is the non-sporting group - a group of mix matched companion animals waiting to be told what to do. If we bet that the Euro drama is silenced for now, then by next week all the dogs will have gotten the message and the Christmas rally is back on. I hope.

[ask2lern]

Xiphos_Trading Rick
$XLF is leading all sectors today (well actually KOL). Lots of option activity yesterday on the dip.
2 minutes ago Favorite Retweet Reply

[ask2lern]

BamaTrader BamaTrader
The Bots have officially gone apeshit.... again. $ES_F
1 minute ago Favorite Retweet Reply

[natsalilfly]

Dec 9, 2011 10:54:03 GMT -5 ask2lern said:

Xiphos_Trading Rick
$XLF is leading all sectors today (well actually KOL). Lots of option activity yesterday on the dip.
2 minutes ago Favorite Retweet Reply

I would like to double "like" this post.

[jack]

Dec 9, 2011 11:10:34 GMT -5 natsalilfly said:

Dec 9, 2011 10:54:03 GMT -5 ask2lern said:

Xiphos_Trading Rick
$XLF is leading all sectors today (well actually KOL). Lots of option activity yesterday on the dip.
2 minutes ago Favorite Retweet Reply

I would like to double "like" this post.

Hmmmm...sorta like a "Dos Equis" likey! I like that.

[ask2lern]

optionmonster Jon Najarian
Most Active ETF Options: The option volume has picked up with more than 6 million contracts trading so far today... bit.ly/sE3xGP
59 seconds ago Favorite Retweet Reply

[ask2lern]

ukarlewitz ukarlewitz
See if R1 125.5 holds. vwap 125.3
2 minutes ago Favorite Retweet Reply

[ask2lern]

CreateCapital Scott Bleier
@ @xiphos_Trading 8 trading days and 100 $SPX points away #DEMARK
7 minutes ago Favorite Retweet Reply