PPDT - 12/16/2011 Friday - PP-XLF = 12.63

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.63
MP=12.67 R1=12.71 MP=12.78 R2=12.85 MP=12.96 R3=13.07 MP=13.18 R4=13.29
MP=12.56 S1=12.49 MP=12.45 S2=12.41 MP=12.30 S3=12.19 MP=12.08 S4=11.97
O=12.75 H=12.77 L=12.55 C=12.57

FAS PP=58.90
MP=59.40 R1=59.89 MP=60.77 R2=61.65 MP=63.03 R3=64.40 MP=65.78 R4=67.15
MP=58.02 S1=57.14 MP=56.65 S2=56.15 MP=54.78 S3=53.40 MP=52.03 S4=50.65
O=60.57 H=60.66 L=57.91 C=58.13

FAZ PP=42.24
MP=42.90 R1=43.55 MP=43.92 R2=44.29 MP=45.32 R3=46.34 MP=47.37 R4=48.39
MP=41.87 S1=41.50 MP=40.85 S2=40.19 MP=39.17 S3=38.14 MP=37.12 S4=36.09
O=41.08 H=42.98 L=40.93 C=42.81

SPY PP=122.46
MP=122.69 R1=122.92 MP=123.30 R2=123.67 MP=124.27 R3=124.88 MP=125.48 R4=126.09
MP=122.09 S1=121.71 MP=121.48 S2=121.25 MP=120.64 S3=120.04 MP=119.43 S4=118.83
O=123.03 H=123.2 L=121.99 C=122.18

SPG PP=122.19
MP=122.76 R1=123.33 MP=123.87 R2=124.41 MP=125.52 R3=126.63 MP=127.74 R4=128.85
MP=121.65 S1=121.11 MP=120.54 S2=119.97 MP=118.86 S3=117.75 MP=116.64 S4=115.53
O=121.65 H=123.27 L=121.05 C=122.25

GS PP=92.97
MP=93.50 R1=94.03 MP=95.10 R2=96.17 MP=97.77 R3=99.37 MP=100.97 R4=102.57
MP=91.90 S1=90.83 MP=90.30 S2=89.77 MP=88.17 S3=86.57 MP=84.97 S4=83.37
O=94.74 H=95.1 L=91.9 C=91.9

JPM PP=31.87
MP=32.02 R1=32.17 MP=32.38 R2=32.58 MP=32.94 R3=33.29 MP=33.65 R4=34.00
MP=31.67 S1=31.46 MP=31.31 S2=31.16 MP=30.81 S3=30.45 MP=30.10 S4=29.74
O=32.1 H=32.28 L=31.57 C=31.76

MS PP=15.22
MP=15.34 R1=15.45 MP=15.68 R2=15.90 MP=16.24 R3=16.58 MP=16.92 R4=17.26
MP=15.00 S1=14.77 MP=14.66 S2=14.54 MP=14.20 S3=13.86 MP=13.52 S4=13.18
O=15.62 H=15.66 L=14.98 C=15.01

C PP=26.23
MP=26.41 R1=26.59 MP=26.92 R2=27.25 MP=27.76 R3=28.27 MP=28.78 R4=29.29
MP=25.90 S1=25.57 MP=25.39 S2=25.21 MP=24.70 S3=24.19 MP=23.68 S4=23.17
O=26.62 H=26.9 L=25.88 C=25.92

VIX PP=24.76
MP=25.20 R1=25.63 MP=25.90 R2=26.16 MP=26.86 R3=27.56 MP=28.26 R4=28.96
MP=24.50 S1=24.23 MP=23.80 S2=23.36 MP=22.66 S3=21.96 MP=21.26 S4=20.56
O=24.38 H=25.28 L=23.88 C=25.11

UUP PP=22.54
MP=22.59 R1=22.64 MP=22.68 R2=22.71 MP=22.80 R3=22.88 MP=22.97 R4=23.05
MP=22.51 S1=22.47 MP=22.42 S2=22.37 MP=22.29 S3=22.20 MP=22.12 S4=22.03
O=22.54 H=22.62 L=22.45 C=22.56

FROM: www.econoday.com

Economic Events & Analysis - 12/16/2011 Friday


8:30 AM ET Consumer Price Index
11:15 AM ET Charles Evans Speaks
12:00 PM ET Speech


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.

[kryptos2009]

Congress Blinks on Shutdown

A deal was reached on a $1 trillion spending bill to keep the government operating after Friday, clearing the way for at least a short-term extension of a payroll tax cut that is set to expire.

online.wsj.com/home-page

US Congress gets tentative deal to keep govt running

Dec 15 (Reuters) - A deal has been reached among congressional negotiators to fund U.S. government agencies through Sept. 30, 2012, Democratic Senator Daniel Inouye said on Thursday.

www.reuters.com/article/2011/12/16/usa-budget-inouye-idUSWEN174520111216

[ask2lern]

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


GOLD


R3 1644.30
R2 1609.60
R1 1590.60

PP 1574.90

S1 1555.90
S2 1540.20
S3 1505.50


SILVER

R3 31.06
R2 30.05
R1 29.72

PP 29.04

S1 28.71
S2 28.03
S3 27.02


IWM

R3 73.76
R2 72.69
R1 72.19

PP 71.62

S1 71.12
S2 70.55
S3 69.48




TNA

R3 44.27
R2 42.48
R1 41.62

PP 40.69

S1 39.83
S2 38.90
S3 37.11



TZA

R3 32.89
R2 31.48
R1 30.73

PP 30.07

S1 29.32
S2 28.66
S3 27.25


SDS

R3 21.50
R2 21.08
R1 20.91

PP 20.66

S1 20.49
S2 20.24
S3 19.82

SSO

R3 45.34
R2 44.49
R1 43.97

PP 43.64

S1 43.12
S2 42.79
S3 41.94

…………………………..GLTA

[ask2lern]

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

Levels unchanged amid potential risks

There are no major changes to levels this morning. Yesterday's session resulted in a lot of volatility in individual names but very little within the indexes. As a result, there are no substantive changes other than updates to moving averages.

This may well be the calm before the storm as we head into quadruple-witching expiration today. Ahead of a weekend that could well be loaded with unforeseen events, especially in the European debt crisis, traders may shed risk.

Nasdaq 100 (NDX)
Support is at 2225.54, 2206.29, and 2182.28. Resistance is at 2253.95, then at 2289.53, its 200-day moving average, and thereafter at 2337.70.

S&P 500 (SPX)
Support is at 1211.36, 1197.35, and 1187.48. Resistance is at 1227.68, its 50-day moving average, then at 1240.02, its 10-day moving average, and at 1261.40, its 200-day moving average.

Russell 2000 (RUT)
Support is at 705.25, 698.19, and 689.86. Resistance is at 719.18, its 50-day moving average, then at 725.25, and thereafter at 731.87, its 10-day moving average.

[ask2lern]

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

Consumer index is only item on calendar

There is only one report on today's economic calendar, the Consumer Price Index at 8:30 a.m. ET.
The consensus forecast calls for a month-over-month increase of 0.1 percent, both with or without food and energy. The forecast range for the so-called headline number, which includes food and energy in the calculation, is from a disinflationary -0.1 percent to a gain of 0.2 percent. Neither end of the range is particularly striking and are more or less neutral.

The range for the index without food and energy is from unchanged to 0.2 percent--again, essentially neutral. A reading that strongly exceeds either end of the range would likely have a significant impact on the markets.

[ask2lern]

gtotoy gtotoy
RT @collins_jim: @gtotoy HELP! $ES up 9 handles $spy only up $.35, <~RT @gtotoy: $SPY Today is ex-divy .77, know you divy dates
7 minutes ago Favorite Retweet Reply

[ask2lern]

ukarlewitz ukarlewitz
Excellent. $UUP evening star and $FXE morning star confirming in PM
2 minutes ago Favorite Retweet Reply

[ask2lern]

Benzinga Benzinga.com
CPI MoM 0.0% vs 0.1%; CPI Ex Food & Energy MoM 0.2% vs 0.1%; CPI YoY 3.4% vs 3.5%; CPI Ex Food & Energy YoY 2.2% vs 2.1% Est $$
57 seconds ago Favorite Retweet Reply

[ask2lern]

harmongreg Greg Harmon
$QQQ stks.co/1ZR1 holding lower, supp 54.26, 53.5, 52.8, resist 55.5, 56 & 56.50, RSI MACD see more down
16 hours ago Favorite Retweet Reply »
harmongreg Greg Harmon
$IWM stks.co/1ZQy holding lower, w/ Solid Black, supp 71.6, 70.6 & 70.1, resist 73.6 & 76.65, MACD sees more down
16 hours ago Favorite Retweet Reply »
harmongreg Greg Harmon
$SPY stks.co/1ZQw holding lower, w/ Solid Black, supp 121.6, 120 & 118.5, resist 122.6, 123.5, 124.55, more down
16 hours ago Favorite Retweet Reply

[ask2lern]

CoderTrader Dan Tylenda-Emmons
The market is out to take your money. Your job is to protect your bankroll, no matter the size.2 minutes ago Favorite Retweet Reply

[ask2lern]

For any Twiterites these are great follows.....................

BamaTrader BamaTrader
Some of the very best follows #FF @wallstreetbean @absolutioncl @biggercapital @jackhbarnes @capitalbanker @stocksage1 @daytrend @harmongreg
4 minutes ago Favorite Retweet Reply

[natsalilfly]

TNA! I bought some yesterday

[rex]

Somethings wrong with XLF! It looks unusually sick. FWI

[Clinton SPX]

Euro needs to print a tail

[Clinton SPX]

tweezer bottom formed on Euro
now lets hope it holds

[huh?]

Dec 16, 2011 9:50:26 GMT -5 Clinton SPX said:

Euro needs to print a tail

I see people keep talking about the EUR/USD - it's chart is about as bad as they come.

If you look at it below, it's confirmed a large H&S and has a low target just under 1.16. Could squeeze and back test the neckline again to about 1.325 since the Stochs are oversold. Although the large H&S has an odd looking head, I think it actually supports the down move since it was simply a larger triangle consolidation at the top. Also, the large H&S has multiple smaller H&S' within it.

This being said, I think the EUR/USD disconnected from US markets, EURO markets and EURO sovereign bond yield rates sometime ago. It's falling will put some upward pressure on the USD, but I wouldn't use it for trading our markets since so many other currencies against the USD can negate it. JMHO.

[Clinton SPX]

if the euro can just stop selling it will be a win for bulls

[huh?]

Well if the EURO is still moving our markets, than maybe that back test to the neckline would be the XMAS rally...?

[dino]

SPX 50 day sma about 1229...

Minis flirting with top of down channel it's been in for almost a couple weeks now...

[rex]

Euro might be forming a H&S on the 5min.

[Clinton SPX]

Rupee jumps on central bank intervention
Central bank reacts after a series of lows against the dollar
India signals halt to monetary tightening India eyes drastic measures as economy lists India casts doubts on global recovery

[crumbdon]

So I guess it's sell/short every morning pop in this silly market. Anyone see anything different?

[novice08]

Dec 16, 2011 11:59:12 GMT -5 crumbdon said:

So I guess it's sell/short every morning pop in this silly market. Anyone see anything different?

Just about to post the same idea when I read this crumb.

[timber]

well this is opex

[crumbdon]

Dec 16, 2011 12:11:57 GMT -5 novice08 said:

Dec 16, 2011 11:59:12 GMT -5 crumbdon said:

So I guess it's sell/short every morning pop in this silly market. Anyone see anything different?

Just about to post the same idea when I read this crumb.

I wanna say great minds think alike, but you seem like a nice guy, so I won't drag you down to my level.

Most of my good ideas are accidents, lol.

I'm growing tired of only being able to do very short-term trades. Just lazy, I guess. But it's obvious that we will only chop until Europe craps or gets off the pot. Shame, too. The US market actually wants to go up here.

GL out there. Keep a clean change of undies on hand at all times!

[rex]

So, the S&P just did a gap fill and we head back up today?

[crumbdon]

Dec 16, 2011 12:43:26 GMT -5 rex said:

So, the S&P just did a gap fill and we head back up today?

Possible, but DOW closed its gap awhile ago with no bounce, and NASDAQ still green. So which index rules? Usually SPX, but even so, the "they-bots" may overthrow it first and shake the tree good & hard first. So hard to tell on days like this....

[Rich]

Fitch putting various European nations on negative watch for possible downgrades.

The standards we know, Spain Italy....etc., but also France

[rex]

Dec 16, 2011 13:02:57 GMT -5 Rich said:

Fitch putting various European nations on negative watch for possible downgrades.

The standards we know, Spain Italy....etc., but also France

Fitch just reaffirmed France''s AAA rating.

[crumbdon]

Dec 16, 2011 13:02:57 GMT -5 Rich said:

Fitch putting various European nations on negative watch for possible downgrades.

The standards we know, Spain Italy....etc., but also France

OOOOOOOhhhh...there's something we hadn't considered. Thanks Fitch, for letting us in on this little secret.

Seriously, why do we have ratings agencies anyway? The best one I've seen is still only as useful as a patio on a submarine.

Sorry, Rich- none of that rant was directed at you. The ratings agencies rarely tell us anything truly useful in advance. They only serve to help Big Money jerk the market around once the fear has set in.

Whew! Sorry folks-Now that I've exercised that litle demon, I will behave. Back to our regularly scheduled programming.....