PPDT - 12/21/2011 Wednesday - PP-XLF = 12.66

[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 30.76
R2 30.13
R1 29.90

PP 29.50

S1 29.27
S2 28.87
S3 28.24


IWM

R3 76.37
R2 74.91
R1 74.38

PP 73.45

S1 72.92
S2 71.99
S3 70.53




TNA

R3 48.46
R2 46.04
R1 45.13

PP 43.62

S1 42.71
S2 41.20
S3 38.78



TZA

R3 31.25
R2 29.43
R1 28.24

PP 27.61

S1 26.42
S2 25.79
S3 23.97


SDS

R3 21.42
R2 20.73
R1 20.30

PP 20.04

S1 19.61
S2 19.35
S3 18.66

SSO

R3 47.63
R2 46.23
R1 45.71

PP 44.83

S1 44.31
S2 43.43
S3 42.03

…………………………..GLTA

[ask2lern]

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

Indexes blow through resistance levels

The indexes enjoyed one of their best sessions in recent weeks yesterday, fueled by some encouraging developments in the Eurozone debt crisis and stronger-than-expected U.S. housing data.

Resistance levels were broken strongly to the upside, in some cases breaching the top layers established yesterday morning. Previous resistance levels now become support, and new resistance levels are in place.

Nasdaq 100 (NDX)
Support is at 2253.95, 2225.54, and 2206.29. Resistance is at 2288.05, its 200-day moving average, then at 2304.80, its 50-day moving average, and thereafter at the pivot high of 2337.70.

S&P 500 (SPX)
Support is at 1230.69, its 50-day moving average, then at 1215.20, and 1197.35 thereafter. Resistance is at 1246.91, then at 1259.67, its 200-day moving average, and 1267.53 after that.

Russell 2000 (RUT)
Support is at 725.87, its 10-day moving average, then at 722.26, its 50-day moving average, and 705.25 thereafter. Resistance is at 745.76, then at a recent pivot high of 752.71, and 764.44, its 200-day moving average

[ask2lern]

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

Housing, mortgage, oil data on calendar

Today's economic reports include housing sales, mortgage data, and oil inventories. The bulk of this week's releases will come out tomorrow, making for a potentially volatile session early that day.

The weekly MBA Purchase Application data will be released at 7 a.m. ET. Economists do not make forecasts for this mortgage report, and I look only at the purchases component because it reflects new activity as opposed to refinancing.

Many traders view this data as a leading indicator of consumer spending patterns. Last week's purchases came in at 190.9. A reading that is higher by 5 percent or more would likely be considered bullish, while one that is lower by the same margin would be seen as bearish.

Existing Home Sales data comes out at 10 a.m. ET. The consensus forecast calls for sales of 5.08 million units, which would be a slight improvement from the previous month. Estimates range from a bearish 4.38 million units to a bullish 5.19 million units.

The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute issues a competing report based on its own supply data.

The forecast for both reports called for a draw of -2.29 million barrels. But the API release, which came out last night after the market closed, showed a larger draw of -4.574 million barrels instead.

If the EIA data confirms this number or shows an even larger draw, it could be bullish for crude. If instead the draw is smaller than the API's -2.29 million barrels or comes in as a positive number, indicating a build, it could be bearish for oil.

The EIA is a government body, and the API is a private industry group. The two reports do not always agree either in terms of amount or direction

[herceg1967]

Home sales to be revised for previous quarters as it looks many were double counted...............Now that is a surprise...........Anything to make the numbers look better.............LOL............

[ask2lern]

Hedgeye Hedgeye
Bullish sentiment increases to 48.4% from 45.3% in the latest US Investor's Intelligence poll
50 minutes ago Favorite Retweet Reply

[kryptos2009]

A2L, Thx for the start and Info!!!!

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=12.66
MP=12.75 R1=12.84 MP=12.90 R2=12.96 MP=13.11 R3=13.26 MP=13.41 R4=13.56
MP=12.60 S1=12.54 MP=12.45 S2=12.36 MP=12.21 S3=12.06 MP=11.91 S4=11.76
O=12.49 H=12.78 L=12.48 C=12.72

FAS PP=60.57
MP=61.71 R1=62.85 MP=63.53 R2=64.20 MP=66.02 R3=67.83 MP=69.65 R4=71.46
MP=59.90 S1=59.22 MP=58.08 S2=56.94 MP=55.13 S3=53.31 MP=51.50 S4=49.68
O=58.37 H=61.93 L=58.3 C=61.49

FAZ PP=40.57
MP=41.12 R1=41.67 MP=42.57 R2=43.47 MP=44.92 R3=46.37 MP=47.82 R4=49.27
MP=39.67 S1=38.77 MP=38.22 S2=37.67 MP=36.22 S3=34.77 MP=33.32 S4=31.87
O=42.37 H=42.38 L=39.48 C=39.86

SPY PP=122.81
MP=124.04 R1=125.26 MP=125.92 R2=126.58 MP=128.47 R3=130.35 MP=132.24 R4=134.12
MP=122.15 S1=121.49 MP=120.27 S2=119.04 MP=117.16 S3=115.27 MP=113.39 S4=111.50
O=122.18 H=124.14 L=120.37 C=123.93

SPG PP=126.56
MP=127.43 R1=128.29 MP=128.80 R2=129.31 MP=130.68 R3=132.06 MP=133.43 R4=134.81
MP=126.05 S1=125.54 MP=124.68 S2=123.81 MP=122.43 S3=121.06 MP=119.68 S4=118.31
O=124.94 H=127.57 L=124.82 C=127.28

GS PP=90.21
MP=91.24 R1=92.27 MP=92.92 R2=93.56 MP=95.24 R3=96.91 MP=98.59 R4=100.26
MP=89.57 S1=88.92 MP=87.89 S2=86.86 MP=85.19 S3=83.51 MP=81.84 S4=80.16
O=89.82 H=91.5 L=88.15 C=90.98

JPM PP=31.96
MP=32.33 R1=32.69 MP=32.93 R2=33.16 MP=33.76 R3=34.36 MP=34.96 R4=35.56
MP=31.73 S1=31.49 MP=31.13 S2=30.76 MP=30.16 S3=29.56 MP=28.96 S4=28.36
O=31.4 H=32.44 L=31.24 C=32.21

MS PP=14.70
MP=14.85 R1=15.00 MP=15.11 R2=15.21 MP=15.46 R3=15.72 MP=15.97 R4=16.23
MP=14.60 S1=14.49 MP=14.34 S2=14.19 MP=13.93 S3=13.68 MP=13.42 S4=13.17
O=14.73 H=14.9 L=14.39 C=14.8

C PP=25.81
MP=26.05 R1=26.29 MP=26.46 R2=26.63 MP=27.04 R3=27.45 MP=27.86 R4=28.27
MP=25.64 S1=25.47 MP=25.23 S2=24.99 MP=24.58 S3=24.17 MP=23.76 S4=23.35
O=25.51 H=26.15 L=25.33 C=25.95

VIX PP=23.11
MP=23.40 R1=23.69 MP=23.92 R2=24.15 MP=24.67 R3=25.19 MP=25.71 R4=26.23
MP=22.88 S1=22.65 MP=22.36 S2=22.07 MP=21.55 S3=21.03 MP=20.51 S4=19.99
O=23.56 H=23.58 L=22.54 C=23.22

UUP PP=22.36
MP=22.39 R1=22.41 MP=22.43 R2=22.44 MP=22.48 R3=22.52 MP=22.56 R4=22.60
MP=22.35 S1=22.33 MP=22.31 S2=22.28 MP=22.24 S3=22.20 MP=22.16 S4=22.12
O=22.33 H=22.39 L=22.31 C=22.38

FROM: www.econoday.com

Economic Events & Analysis - 12/21/2011 Wednesday


7:00 AM ET MBA Purchase Applications
10:00 AM ET Existing Home Sales
10:30 AM ET EIA Petroleum Status Report
1:00 PM ET 7-Yr Note Auction


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]

Bah, were going sell off into the EU close

[theMIST]

Possible iH&S forming on S&P. Very early to call it right now. Need to get a nice bounce off these levels.

Watching Hourly

[ask2lern]

Just looking at the 1 minute SPY for today looks like you could use it to do a "chart school" its played out just about every example...........bear flags bull flags double bottoms reversal candles etc...........................

[Clinton SPX]

Gap still to fill on QQQ
and SPY needs to test the 200ma10
my charts are saying one more down push although UUP dropping

[ask2lern]

Aslo reviewing the 1 Min looks like the 200 d SMA is your obstacle been rejected 7 X's...............now if it gets through it could zip higher fast to retest 124.................armchair quarterback signing out............ ;D

[ask2lern]

Broke above........weeeeeeeeeee time??................

[Clinton SPX]

looks like dropping peso may win

[Clinton SPX]

gut says one more drop

[Clinton SPX]

damn vol is so light, that tiny dip might be it.

I bought some QQQ on that

[Clinton SPX]

whats with amzn today?

[Clinton SPX]

JPM sure is rock solid today so far

[theMIST]

S&P iH&S now in play and we just broke above neckline. Can't post chart now. Check in with you guys later.

[Clinton SPX]

sold dem QQQs

[Rich]

nasdaq worriesome

too many companies falling short of expectations

[maxi]

And what did good today was a company that supplies uniforms......
they "crushed" estimates.... Damn thing hit a 52 week high....

The Cincinnati-based firm provides products that are crucial to businesses. They include uniforms, entrance mats, restroom supplies, fire protection services and business-level document shredders.

[timber]

8.30 jobless claims



hey where are yu guys today