PPDT - 01/11/2012 Wednesday - PP-XLF = 13.70

[ask2lern]

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


GOLD


R3 1659.70
R2 1647.20
R1 1640.20

PP 1634.70

S1 1627.70
S2 1622.20
S3 1609.70


SILVER

R3 31.50
R2 30.79
R1 30.41

PP 30.08

S1 29.70
S2 29.37
S3 28.66


IWM

R3 77.16
R2 76.69
R1 76.48

PP 76.22

S1 76.01
S2 75.75
S3 75.28




TNA

R3 50.90
R2 50.05
R1 49.66

PP 49.20

S1 48.81
S2 48.35
S3 47.50



TZA

R3 24.93
R2 24.47
R1 24.21

PP 24.01

S1 23.75
S2 23.55
S3 23.09


SDS

R3 18.60
R2 18.40
R1 18.31

PP 18.20

S1 18.11
S2 18.00
S3 17.80

SSO

R3 50.13
R2 49.61
R1 49.30

PP 49.09

S1 48.78
S2 48.57
S3 48.05

…………………………..GLTA

[ask2lern]

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

Indexes break initial resistance levels

The indexes enjoyed a positive session that fell just short of breaking through some key levels for the Nasdaq 100 and the S&P 500 yesterday.

Neither index has exceeded their peak levels from October. The Russell 2000 finally managed to break above resistance at its 200-day moving average, a process that lagged its peers by a couple of weeks.

Each of the indexes moves up one notch, with previous resistance levels now becoming initial support.

Nasdaq 100 (NDX)
Support is at 2359.82, then at 2343.10, and thereafter at 2337.70, a previous pivot high. Resistance is at 2375.10, then at 2389.91, and at 2412.52, the October pivot high.

S&P 500 (SPX)
Support is at 1284.91, then a previous pivot high at 1277.55, and thereafter at its 10-day moving average at 1272.17. Resistance is at the October pivot high at 1292.66, then at 1305.44, and 1315.94.

Russell 2000 (RUT)
Support at its 200-day moving average at 760.82, then a recent pivot high at 752.71, and thereafter its 10-day moving average at 749.22. Resistance is at 773.58 and then at 786.24.

[ask2lern]

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

Fed data, mortgages, oil lead calendar

Today's economic calendar is light but includes the Fed's anecdotal survey of the regional economy, the Beige Book, at 2 p.m. ET. Traders will be looking to that data for more reinforcement of the recent good economic news.

At 7 a.m. ET, the weekly MBA Purchase Applications will be reported. I look only at the purchases component of the report because it indicates new economic activity, as opposed to refinancing.

Economists do not make forecasts for this release, but last week's purchases came in at 163.9. A reading that is higher than that number by 5 percent or more would be bullish, while one that is lower by the same margin would be seen as bearish.

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 was for a build of 750,000 barrels. But the API release, which came out last night after the market closed, showed a smaller build of 397,000 barrels instead.

If the EIA data confirms this smaller build or shows a negative number indicating a draw, it could be bullish for crude. If instead the build number is larger than the API's number, it could be bearish for oil prices.

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.

[ask2lern]

Attitrade Darren Miller
67.2% of $SPX components have an RSI(2) >70 while 36.4% are >90.
26 minutes ago Favorite Retweet Reply

[ask2lern]

econalert Economic Alert
MBA Mortgage Purchase Index for 01/07: +4.5%, Prior: NA #mkt $$ #economy

[brosin]

Morning Ask and thanks!

I apologize that I've been pretty much non-existent in this thread for the last couple months. Until the last day or two, I hadn't even been able to check into the site very often.

I've noticed you and Kryptos doing great work by keeping it going though, great work! I'll make sure to start checking back in here a couple times a day

Anybody heard from Ab recently about his wife's health? It's sad to not see him around much anymore

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=13.70
MP=13.74 R1=13.77 MP=13.81 R2=13.84 MP=13.91 R3=13.98 MP=14.05 R4=14.12
MP=13.67 S1=13.63 MP=13.60 S2=13.56 MP=13.49 S3=13.42 MP=13.35 S4=13.28
O=13.68 H=13.76 L=13.62 C=13.71

FAS PP=73.77
MP=74.31 R1=74.85 MP=75.22 R2=75.59 MP=76.50 R3=77.41 MP=78.32 R4=79.23
MP=73.40 S1=73.03 MP=72.49 S2=71.95 MP=71.04 S3=70.13 MP=69.22 S4=68.31
O=73.51 H=74.5 L=72.68 C=74.12

FAZ PP=32.50
MP=32.68 R1=32.85 MP=33.11 R2=33.37 MP=33.81 R3=34.24 MP=34.68 R4=35.11
MP=32.24 S1=31.98 MP=31.81 S2=31.63 MP=31.20 S3=30.76 MP=30.33 S4=29.89
O=32.64 H=33.02 L=32.15 C=32.33

SPY PP=129.24
MP=129.39 R1=129.54 MP=129.74 R2=129.94 MP=130.29 R3=130.64 MP=130.99 R4=131.34
MP=129.04 S1=128.84 MP=128.69 S2=128.54 MP=128.19 S3=127.84 MP=127.49 S4=127.14
O=129.39 H=129.65 L=128.95 C=129.13

SPG PP=127.78
MP=128.02 R1=128.25 MP=128.63 R2=129.01 MP=129.63 R3=130.24 MP=130.86 R4=131.47
MP=127.40 S1=127.02 MP=126.79 S2=126.55 MP=125.94 S3=125.32 MP=124.71 S4=124.09
O=127.82 H=128.55 L=127.32 C=127.48

GS PP=98.28
MP=98.91 R1=99.53 MP=100.13 R2=100.72 MP=101.94 R3=103.16 MP=104.38 R4=105.60
MP=97.69 S1=97.09 MP=96.47 S2=95.84 MP=94.62 S3=93.40 MP=92.18 S4=90.96
O=97.36 H=99.48 L=97.04 C=98.33

JPM PP=36.05
MP=36.20 R1=36.35 MP=36.50 R2=36.64 MP=36.94 R3=37.23 MP=37.53 R4=37.82
MP=35.91 S1=35.76 MP=35.61 S2=35.46 MP=35.17 S3=34.87 MP=34.58 S4=34.28
O=36.07 H=36.35 L=35.76 C=36.05

MS PP=16.78
MP=16.93 R1=17.07 MP=17.16 R2=17.25 MP=17.49 R3=17.72 MP=17.96 R4=18.19
MP=16.69 S1=16.60 MP=16.46 S2=16.31 MP=16.08 S3=15.84 MP=15.61 S4=15.37
O=16.67 H=16.96 L=16.49 C=16.89

C PP=29.93
MP=30.07 R1=30.21 MP=30.31 R2=30.41 MP=30.65 R3=30.89 MP=31.13 R4=31.37
MP=29.83 S1=29.73 MP=29.59 S2=29.45 MP=29.21 S3=28.97 MP=28.73 S4=28.49
O=29.75 H=30.14 L=29.66 C=30

VIX PP=20.48
MP=20.69 R1=20.90 MP=21.01 R2=21.12 MP=21.44 R3=21.76 MP=22.08 R4=22.40
MP=20.37 S1=20.26 MP=20.05 S2=19.84 MP=19.52 S3=19.20 MP=18.88 S4=18.56
O=20.14 H=20.69 L=20.05 C=20.69

UUP PP=22.61
MP=22.63 R1=22.64 MP=22.65 R2=22.66 MP=22.69 R3=22.71 MP=22.74 R4=22.76
MP=22.60 S1=22.59 MP=22.58 S2=22.56 MP=22.54 S3=22.51 MP=22.49 S4=22.46
O=22.6 H=22.63 L=22.58 C=22.62

FROM: www.econoday.com

Economic Events & Analysis - 01/11/2012 Wednesday


7:00 AM ET MBA Purchase Applications
8:40 AM ET Charles Evans Speaks
9:00 AM ET Dennis Lockhart Speaks
10:30 AM ET EIA Petroleum Status Report
12:30 PM ET Charles Plosser Speaks
1:00 PM ET 10-Yr Note Auction
2:00 PM ET Beige Book


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.

[cosmic]

Lots of happy good news and market is at best twisted in a knot. I can't call this one way or the other but it feels like a nice topping pattern.

VIX = +2.3%
TVIX = +3% (broken of course)

[Clinton SPX]

I bought some FEG (XOM, CVX)

oil had a nice dip to buy today

[Clinton SPX]

JPM looks like it wants to breakout

[Clinton SPX]

JPM on fire