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Post by ask2lern on Jan 30, 2012 7:28:46 GMT -5
Good Morning Gang
Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1780.37
R2 1756.17
R1 1747.23
PP 1731.97
S1 1723.03
S2 1707.77
S3 1683.57
SILVER
R3 35.56
R2 34.68
R1 34.39
PP 33.80
S1 33.51
S2 32.92
S3 32.04
IWM
R3 81.44
R2 80.43
R1 80.08
PP 79.42
S1 79.07
S2 78.41
S3 77.40
TNA
R3 59.75
R2 57.65
R1 56.92
PP 55.55
S1 54.82
S2 53.45
S3 51.35
TZA
R3 22.70
R2 21.89
R1 21.36
PP 21.08
S1 20.55
S2 20.27
S3 19.46
SDS
R3 18.00
R2 17.76
R1 17.64
PP 17.52
S1 17.40
S2 17.28
S3 17.04
SSO
R3 52.29
R2 51.60
R1 51.30
PP 50.91
S1 50.61
S2 50.22
S3 49.53
…………………………..GLTA
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Post by ask2lern on Jan 30, 2012 7:29:59 GMT -5
From www.optionmonster.com ......................GLTA Neutral earnings leave indexes in limboThe indexes saw another session Friday that was essentially flat. The Russell 2000 was the relative outperformer on the day even though it was up less than 1 percent. The bulls and bears are both caught in a similar trap as far as the indexes are concerned. Quarterly reports have been neutral so far in this earnings season, providing no decisive momentum. The economic data this week could be the catalyst that breaks the stalemate. Levels remain as they were on Friday morning. Nasdaq 100 (NDX)Support is at 2445.59, then at the October pivot high of 2412.52, and thereafter at 2389.91. Resistance is at 2467.46, 2477.10, and 2483.58. S&P 500 (SPX)Support is at 1315.94, 1305.44, and 1292.66. Resistance is at 1326.05, 1331.48, and 1346.10. Russell 2000 (RUT)Support at 786.24, then its 10-day moving average at 783.47, and thereafter at 768.82. Resistance is at 801.71, 807.66, and 814.63. |
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Post by ask2lern on Jan 30, 2012 7:31:03 GMT -5
From www.optionmonster.com ...................GLTA Income and spending data on calendarThere is just one release on today's economic calendar, making it the slowest day of a busy week. Tomorrow's slate will be full, and employment data will dominate the headlines starting Wednesday. Personal Income and Outlays will be released at 8:30 a.m. ET. The consensus forecast calls for incomes to rise 0.4 percent while spending is estimated to increase just 0.1 percent. That would be a moderately bullish pair of numbers. Traders want to see consumers with more future buying power and lower spending than the income increase. The reason is that this provides a path of stable consumption. Estimates for incomes range from a bearish 0.1 percent to a more bullish 0.5 percent. Estimates for spending range from no change, which would be bearish, to a bullish gain of 0.2 percent. |
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Post by ask2lern on Jan 30, 2012 8:01:14 GMT -5
themoneygame The Money Game A 'Golden Cross' Is About To Appear In The S&P 500... read.bi/wC6MZq7 minutes ago Favorite Retweet Reply |
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Post by kryptos2009 on Jan 30, 2012 8:04:45 GMT -5
A2L, Good Morning anf thx for the info!!! Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=14.10 MP=14.16 R1=14.21 MP=14.26 R2=14.30 MP=14.40 R3=14.50 MP=14.60 R4=14.70 MP=14.06 S1=14.01 MP=13.96 S2=13.90 MP=13.80 S3=13.70 MP=13.60 S4=13.50 O=14 H=14.18 L=13.98 C=14.13 FAS PP=80.11 MP=80.95 R1=81.79 MP=82.37 R2=82.95 MP=84.37 R3=85.79 MP=87.21 R4=88.63 MP=79.53 S1=78.95 MP=78.11 S2=77.27 MP=75.85 S3=74.43 MP=73.01 S4=71.59 O=78.69 H=81.26 L=78.42 C=80.64 FAZ PP=29.67 MP=29.88 R1=30.09 MP=30.41 R2=30.72 MP=31.25 R3=31.77 MP=32.30 R4=32.82 MP=29.36 S1=29.04 MP=28.83 S2=28.62 MP=28.10 S3=27.57 MP=27.05 S4=26.52 O=30.21 H=30.3 L=29.25 C=29.46 SPY PP=131.67 MP=131.94 R1=132.20 MP=132.39 R2=132.57 MP=133.02 R3=133.47 MP=133.92 R4=134.37 MP=131.49 S1=131.30 MP=131.04 S2=130.77 MP=130.32 S3=129.87 MP=129.42 S4=128.97 O=131.24 H=132.05 L=131.15 C=131.82 SPG PP=136.36 MP=136.86 R1=137.35 MP=137.69 R2=138.02 MP=138.85 R3=139.68 MP=140.51 R4=141.34 MP=136.03 S1=135.69 MP=135.20 S2=134.70 MP=133.87 S3=133.04 MP=132.21 S4=131.38 O=136.23 H=137.02 L=135.36 C=136.69 GS PP=110.53 MP=111.99 R1=113.44 MP=114.28 R2=115.11 MP=117.40 R3=119.69 MP=121.98 R4=124.27 MP=109.70 S1=108.86 MP=107.41 S2=105.95 MP=103.66 S3=101.37 MP=99.08 S4=96.79 O=107.77 H=112.2 L=107.62 C=111.77 JPM PP=37.34 MP=37.44 R1=37.53 MP=37.69 R2=37.85 MP=38.11 R3=38.36 MP=38.62 R4=38.87 MP=37.18 S1=37.02 MP=36.93 S2=36.83 MP=36.58 S3=36.32 MP=36.07 S4=35.81 O=37.23 H=37.66 L=37.15 C=37.21 MS PP=18.37 MP=18.61 R1=18.85 MP=19.00 R2=19.14 MP=19.53 R3=19.91 MP=20.30 R4=20.68 MP=18.23 S1=18.08 MP=17.84 S2=17.60 MP=17.22 S3=16.83 MP=16.45 S4=16.06 O=17.95 H=18.66 L=17.89 C=18.56 C PP=30.60 MP=30.89 R1=31.18 MP=31.34 R2=31.49 MP=31.94 R3=32.38 MP=32.83 R4=33.27 MP=30.45 S1=30.29 MP=30.00 S2=29.71 MP=29.27 S3=28.82 MP=28.38 S4=27.93 O=30.06 H=30.91 L=30.02 C=30.87 VIX PP=18.65 MP=18.85 R1=19.04 MP=19.30 R2=19.55 MP=20.00 R3=20.45 MP=20.90 R4=21.35 MP=18.40 S1=18.14 MP=17.95 S2=17.75 MP=17.30 S3=16.85 MP=16.40 S4=15.95 O=19.16 H=19.16 L=18.26 C=18.53 UUP PP=22.03 MP=22.07 R1=22.10 MP=22.15 R2=22.20 MP=22.29 R3=22.37 MP=22.46 R4=22.54 MP=21.98 S1=21.93 MP=21.90 S2=21.86 MP=21.78 S3=21.69 MP=21.61 S4=21.52 O=22.13 H=22.14 L=21.97 C=21.99 FROM: www.econoday.comEconomic Events & Analysis - 01/30/2012 Monday8:30 AM ET Personal Income and Outlays 10:30 AM ET Dallas Fed Mfg Survey 11:00 AM ET 4-Week Bill Announcement 11:30 AM ET 3-Month Bill Auction 11:30 AM ET 6-Month Bill 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. |
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Post by ask2lern on Jan 30, 2012 8:27:38 GMT -5
petenajarian petenajarian
Financials under pressure in the Pre-, keeping a close eye on that 200-day, was resistance, now support around 13.90 area.....
7 minutes ago Favorite Retweet Reply
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Post by ask2lern on Jan 30, 2012 8:32:17 GMT -5
@benzinga
Benzinga.com Personal Income 0.5% vs 0.4% Est; Personal Spending 0.0% vs 0.1% Est $$
1 minute ago via StockTwits Web
Favorite Retweet Reply
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Post by cosmic on Jan 30, 2012 9:20:00 GMT -5
I would approach it as shallow dips (less than 1-2% on the indices) can be bought. Once a dip starts it needs to reverse first (so you can see if it was more than 2%) - I would not buy a dip more than 2%.
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Post by Clinton SPX on Jan 30, 2012 9:22:48 GMT -5
remember friday i talked about how the 20ma Lid 90% end badly. and even if there is EOD buying it usually sets up a spirit of bear flag Ive drawn in the gap down from pre trading and you can see how the spirit of bear flag has played out Attachments:
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Post by Clinton SPX on Jan 30, 2012 9:30:33 GMT -5
bloom says american saving rate went up, they say this like its a bad thing. so stupid
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Post by Clinton SPX on Jan 30, 2012 9:31:57 GMT -5
vix +9% yow
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Post by walnut on Jan 30, 2012 9:35:28 GMT -5
bloom says american saving rate went up, they say this like its a bad thing. so stupid Exactly. We need savings to increase on average, that would be incredibly good news if it were real. |
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Post by cosmic on Jan 30, 2012 9:37:11 GMT -5
I'm surprised - given that 92% of people are supposedly employed, it seems unlikely that the savings rate could fall.
How is it possible that the 8% that are unemployed are removing so much savings that the 92% that are employed can't save more?
Exactly.
Because the real number is 23% are unemployed, and 23% are lowering their savings at $50K a year, but really nobody saves at that rate.
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Post by Clinton SPX on Jan 30, 2012 9:44:04 GMT -5
but also keep in mind that 10% of unreported unemployed has probably always been there too.
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Post by Clinton SPX on Jan 30, 2012 9:45:47 GMT -5
Im not buying this dip
sitting mostly cash
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Post by theMIST on Jan 30, 2012 9:46:28 GMT -5
Turn has been made. We're going down. If Greece defaults it will add fuel to the pullback.
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Post by Clinton SPX on Jan 30, 2012 9:47:23 GMT -5
Ive got a stink bid to buy back my GPL though
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Post by Clinton SPX on Jan 30, 2012 9:49:48 GMT -5
Its not heavily traded so Big Ass Dips do happen B.A.D. limit buy  |
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Post by crumbdon on Jan 30, 2012 9:50:58 GMT -5
XLF at 13.90 support. Needs to hold here or banks start selling in earnest.
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Post by crumbdon on Jan 30, 2012 9:54:47 GMT -5
Its not heavily traded so Big Ass Dips do happen B.A.D. limit buy Hmmmm..."B.A.D. limit Buy" I like it. You should patent it Clint. Or at least make it a Fastopia exclusive term. Anyone second the motion? |
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Post by walnut on Jan 30, 2012 10:06:08 GMT -5
This Europe Bullshit is simply never going to end.
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Post by rjboni on Jan 30, 2012 10:08:33 GMT -5
Well, I'm still pretty new to active trading--but a Febuary pull back from the Santa Rally is almost expected, no? Lots of profit taking going on this month and when you combine that with Europe, and the realization that QE3 was not tossed in "full force" (And the other small, less than confident details of what the Fed said)...It just seems like a nasty pull back was inevitable.
Don't get me wrong, I'm still bullish overall--this is an election year, with a president who has lots of Wall Street friends, and a pro-business Congress....No way old Ben lets things get out of hand...But I think the calls of a 1250-1280 pull back were spot on.
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Post by Clinton SPX on Jan 30, 2012 10:12:28 GMT -5
well if you look back at last year. everything rallied till end of Jan. The shit stocks sold off and quality stocks drifted up till march
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Post by Clinton SPX on Jan 30, 2012 10:13:31 GMT -5
But after looking at charts last night EVERYTHING looks over bought
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Post by rjboni on Jan 30, 2012 10:14:49 GMT -5
This Europe Bullshit is simply never going to end. The funny thing is...it won't end. It's a symptom of a fiat system that uses debt to create currency. It can get "better" and go away with enough of an upswing in the economy, but it will only be that much worse during the next down swing. As long as the central banks use the international banks as the "highway" to the market, and allow them to charge bonus tolls on that highway (IE higher interest), this problem will never go away...It's a tough solution though, because that money can't just be handed out, either--else it's worthless. And a static system is also not sustainable. Sorry, I'm getting off on tangents here from my undergrad papers...But our economic situation is actually pretty tumultuous..We are due for another paradigm (Like the Benton Woods-->Full Fiat) shift, soon. |
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Post by Clinton SPX on Jan 30, 2012 10:15:27 GMT -5
but I agree with you. Also all the extra jobs from Christmas get taken out of the system
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Post by rjboni on Jan 30, 2012 10:17:59 GMT -5
but I agree with you. Also all the extra jobs from Christmas get taken out of the system The solution seems pretty simple to me. Christmas every 3 months! Someone get on Congress about this, I've just saved the economy.   |
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Post by rex on Jan 30, 2012 10:26:03 GMT -5
but I agree with you. Also all the extra jobs from Christmas get taken out of the system The solution seems pretty simple to me. Christmas every 3 months! Someone get on Congress about this, I've just saved the economy. If only Jesus would have died 3 times, we would be saved(pardon the pun) right now |
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Post by Clinton SPX on Jan 30, 2012 10:36:35 GMT -5
Typhoon bear flag on JPM
going to be an interesting EU close today
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Post by Clinton SPX on Jan 30, 2012 10:38:07 GMT -5
lets see is we get the spike up followed by a continuation sell off
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