PPDT - 12/22/2011 Thursday - PP-XLF = 12.74

[ask2lern]

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


GOLD


R3 1647.93
R2 1630.33
R1 1623.27

PP 1612.73

S1 1605.67
S2 1595.13
S3 1577.53


SILVER

R3 30.67
R2 30.03
R1 29.73

PP 29.39

S1 29.09
S2 28.75
S3 28.11


IWM

R3 77.08
R2 75.42
R1 74.79

PP 73.76

S1 73.13
S2 72.10
S3 70.44




TNA

R3 50.10
R2 47.12
R1 45.97

PP 44.14

S1 42.99
S2 41.16
S3 38.18



TZA

R3 30.73
R2 28.93
R1 27.82

PP 27.13

S1 26.02
S2 25.33
S3 23.53


SDS

R3 20.94
R2 20.42
R1 20.08

PP 19.90

S1 19.56
S2 19.38
S3 18.86

SSO

R3 47.42
R2 46.25
R1 45.82

PP 45.08

S1 44.65
S2 43.91
S3 42.74

…………………………..GLTA

[ask2lern]

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

Indexes await big economic data today

With the exception of the Nasdaq 100, the indexes essentially paused yesterday ahead of some major economic reports today.

The NDX was hit hard by Oracle's disappointing earnings report and its impact on other enterprise software stocks. Levels have changed for this index, but others remain largely unchanged except for minor updates.

Nasdaq 100 (NDX)
Support is at 2225.54, 2206.29, and 2191.87. Resistance is at 2253.95, then at 2287.71, its 200-day moving average, and thereafter at 2303.88, its 50-day moving average.

S&P 500 (SPX)
Support is at 1231.66, its 50-day moving average, then at 1215.20, and 1197.35 thereafter. Resistance is at 1246.91, then at 1259.59, its 200-day moving average, and 1267.53.

Russell 2000 (RUT)
Support is at 725.30, its 10-day moving average, then at 723.29, its 50-day moving average, and 705.25 after that. Resistance is at 745.76, then at 752.71, a recent pivot high, and at 764.04, its 200-day moving average.

[ask2lern]

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

GDP, labor, consumer, data on docket

The economic calendar is full today, with GDP, unemployment claims, consumer sentiment, housing prices, and leading indicators dominating the first hour of trading.

The final revision for third-quarter GDP will be released at 8:30 a.m. ET. Consensus calls for no change from the last reading of 2 percent. There is still quite a wide range of estimates, from a bearish 1.5 percent to a bullish 2.3 percent.

Weekly Jobless Claims data also comes out at 8:30 a.m. ET. Most economists expect 380,000 claims, but estimates range from a bullish 365,000 to a bearish 390,000.

The final revision to the Reuters/University of Michigan Consumer Sentiment Index will be reported at 9:55 a.m. ET. The consensus estimate calls for little change from the mid-month reading, with the overall index expected at 68. The range is from a more bearish 65.5 to a more bullish 69.2.

The FHFA House Price Index comes out at 10 a.m. ET. The average forecast is a slight uptick of 0.3 percent for the month. The range is from no change, which would be bearish, to a gain of 1 percent.

Leading Indicators will also be released at 10 a.m. ET. Consensus calls for a gain of 0.3 percent. Estimates range from a bearish 0.2 percent to a bullish 0.6 percent

[ask2lern]

upsidetrader UPSIDETRADER
So what goes to zero first? $BAC or the $VIX?
31 seconds ago Favorite Retweet Reply

[ask2lern]

The_Real_Fly The_Real_Fly
It appears Santa is taking over
1 minute ago Favorite Retweet Reply

[timber]

8.30 should see some price movement with the jobs numbers....then i have to go out and pick up my rifle

[ask2lern]

Hedgeye Hedgeye
As we look at today’s set up for the S&P 500, the range is 31 points or -1.26% downside to 1228 and 1.23% upside to 1259. $SPY
13 minutes ago Favorite Retweet Reply

[ask2lern]

gtotoy gtotoy
$SPY stks.co/1ehQ SPY Read For The Day
2 minutes ago Favorite Retweet Reply

[ask2lern]

grassosteve Steve Grasso
S&P cash levels 1202 1221 1231 1257-59 thats the flat on year level and the 200dma , after that depending on how jumpy we get 1275 1295
36 minutes ago Favorite Retweet Reply

[theMIST]

S&P wants to run hard to 200dsma

[theMIST]

Come on and break through 1250 already

[theMIST]

Not good --Too many politicians scheduled to speak today. LOL

[maxi]

Go here www.bloomberg.com/markets/economic-calendar/
and read each individual report that has come in today.... Note that there is Consumer Confidence and Consumer Comfort. etc etc.
Really not a lot to get excited about so far....

[ask2lern]

TLT is doing well and SPY is doing well................I do not think they can both stay green..................well that is how life used to work.........................

[ask2lern]

Still not trading but if SPY can stay above 124.45 it should continue to grind higher IMO.................that italian guy is speaking today so it really is a crap shoot IMO.....................

[ask2lern]

Possible double top on the 60 MIN SPY from 12/12 FWIW...................

[natsalilfly]

I think what the market wants to know here is the Euro issue history, or at least convincingly resolving. Our GDP and unemployment aren't stellar and we're susceptible to Euro trage-drama. I'm watching the dollar, a hint of direction will come from that.

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.74
MP=12.81 R1=12.87 MP=12.91 R2=12.95 MP=13.06 R3=13.16 MP=13.27 R4=13.37
MP=12.70 S1=12.66 MP=12.60 S2=12.53 MP=12.43 S3=12.32 MP=12.22 S4=12.11
O=12.72 H=12.82 L=12.61 C=12.79

FAS PP=61.63
MP=62.49 R1=63.35 MP=63.88 R2=64.40 MP=65.79 R3=67.17 MP=68.56 R4=69.94
MP=61.11 S1=60.58 MP=59.72 S2=58.86 MP=57.48 S3=56.09 MP=54.71 S4=53.32
O=61.09 H=62.68 L=59.91 C=62.3

FAZ PP=39.70
MP=40.04 R1=40.38 MP=40.94 R2=41.49 MP=42.39 R3=43.28 MP=44.18 R4=45.07
MP=39.15 S1=38.59 MP=38.25 S2=37.91 MP=37.02 S3=36.12 MP=35.23 S4=34.33
O=40.06 H=40.82 L=39.03 C=39.26

SPY PP=123.76
MP=124.27 R1=124.77 MP=125.07 R2=125.37 MP=126.18 R3=126.98 MP=127.79 R4=128.59
MP=123.46 S1=123.16 MP=122.66 S2=122.15 MP=121.35 S3=120.54 MP=119.74 S4=118.93
O=123.93 H=124.36 L=122.75 C=124.17

SPG PP=127.11
MP=127.74 R1=128.37 MP=128.74 R2=129.11 MP=130.11 R3=131.11 MP=132.11 R4=133.11
MP=126.74 S1=126.37 MP=125.74 S2=125.11 MP=124.11 S3=123.11 MP=122.11 S4=121.11
O=126.9 H=127.84 L=125.84 C=127.64

GS PP=91.16
MP=92.11 R1=93.05 MP=93.57 R2=94.09 MP=95.56 R3=97.02 MP=98.49 R4=99.95
MP=90.64 S1=90.12 MP=89.18 S2=88.23 MP=86.77 S3=85.30 MP=83.84 S4=82.37
O=91.04 H=92.21 L=89.28 C=92

JPM PP=32.21
MP=32.37 R1=32.52 MP=32.62 R2=32.72 MP=32.98 R3=33.23 MP=33.49 R4=33.74
MP=32.11 S1=32.01 MP=31.86 S2=31.70 MP=31.45 S3=31.19 MP=30.94 S4=30.68
O=32 H=32.41 L=31.9 C=32.32

MS PP=14.79
MP=14.95 R1=15.10 MP=15.20 R2=15.29 MP=15.54 R3=15.79 MP=16.04 R4=16.29
MP=14.70 S1=14.60 MP=14.45 S2=14.29 MP=14.04 S3=13.79 MP=13.54 S4=13.29
O=14.81 H=14.98 L=14.48 C=14.91

C PP=25.90
MP=26.15 R1=26.40 MP=26.55 R2=26.69 MP=27.09 R3=27.48 MP=27.88 R4=28.27
MP=25.76 S1=25.61 MP=25.36 S2=25.11 MP=24.72 S3=24.32 MP=23.93 S4=23.53
O=26.13 H=26.2 L=25.41 C=26.1

VIX PP=22.16
MP=22.69 R1=23.21 MP=24.10 R2=24.98 MP=26.39 R3=27.80 MP=29.21 R4=30.62
MP=21.28 S1=20.39 MP=19.87 S2=19.34 MP=17.93 S3=16.52 MP=15.11 S4=13.70
O=22.52 H=23.94 L=21.12 C=21.43

UUP PP=22.38
MP=22.40 R1=22.42 MP=22.45 R2=22.47 MP=22.51 R3=22.56 MP=22.60 R4=22.65
MP=22.36 S1=22.33 MP=22.31 S2=22.29 MP=22.24 S3=22.20 MP=22.15 S4=22.11
O=22.38 H=22.42 L=22.33 C=22.38

FROM: www.econoday.com

Economic Events & Analysis - 12/22/2011 Thursday




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.

[natsalilfly]

pretty good drops in both UUP and the dollar in the last few minutes. If you have time to babysit your trades I'd say game could be on.

[theMIST]

Obama also on tap to speak today.

All cash for now.

[jack]

Dec 22, 2011 11:07:10 GMT -5 theMIST said:

Obama also on tap to speak today.

All cash for now.

Forget what I said dzech - we're surely going to hell now!!!

[ask2lern]

Dec 22, 2011 11:07:10 GMT -5 theMIST said:

Obama also on tap to speak today.

All cash for now.

I thought he was on vacation?.................working vaction I guess............ ;D

[theMIST]

LOL Ask

Apparently his speech is now delayed indefinitely. So much for buying the Obama dip. ;D

Heck! I was even tempted to go long TVIX. LMAO

[theMIST]

CNBC just said that Obama will be talking within the next hour

[exabi]

Dec 22, 2011 11:38:26 GMT -5 ask2lern said:

Dec 22, 2011 11:07:10 GMT -5 theMIST said:

Obama also on tap to speak today.

All cash for now.

I thought he was on vacation?.................working vaction I guess............ ;D

He sent the wife and kids to Hawaii, and he made a big sacrifice to stay in DC and ride herd on the few cats remaining in DC. He will be joining them shortly I'm sure.

[ask2lern]

This has to be the most depressing Holiday speech I have ever watched.................

[ask2lern]

Just pondering and came up with a question about market mispricing.............was SPX correctly valued last Dec when it was at 1257 or is it this Dec at 1257?.....................

[timber]

Dec 22, 2011 8:06:39 GMT -5 timber said:

8.30 should see some price movement with the jobs numbers....then i have to go out and pick up my rifle

the rifle is in perfect shape i dont even think it was fired..came with the bayonet,,ammo pouches and sling....bought a cheapy 45 auto while i was there....the hi-point 45 autos are under 150 bucks ;Da

[rex]

Dec 22, 2011 13:22:13 GMT -5 ask2lern said:

Just pondering and came up with a question about market mispricing.............was SPX correctly valued last Dec when it was at 1257 or is it this Dec at 1257?.....................

Neither. Both should be 957...JMHO