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Post by ask2lern on Jan 31, 2012 7:32:02 GMT -5
Good Morning Gang Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1752.63 R2 1741.03 R1 1736.17
PP 1729.43
S1 1724.57 S2 1717.83 S3 1706.23
SILVER
R3 34.92 R2 34.21 R1 33.91
PP 33.50
S1 33.20 S2 32.79 S3 32.08
IWM
R3 80.84 R2 79.93 R1 79.51
PP 79.02
S1 78.60 S2 78.11 S3 77.20
TNA
R3 58.50 R2 56.60 R1 55.74
PP 54.70
S1 53.84 S2 52.80 S3 50.90
TZA
R3 22.81 R2 21.10 R1 21.72
PP 21.39
S1 21.01 S2 20.68 S3 19.97
SDS
R3 18.42 R2 18.06 R1 17.82
PP 17.70
S1 17.46 S2 17.34 S3 16.98
SSO
R3 52.52 R2 51.44 R1 51.06
PP 50.36
S1 49.98 S2 49.28 S3 48.20
…………………………..GLTA
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Post by ask2lern on Jan 31, 2012 7:33:48 GMT -5
From www.optionmonster.com .......................GLTA Unchanged levels await major reportsThe indexes again finished nearly flat yesterday ahead of a week of major economic reports and more earnings. There was just one noteworthy change in levels, a slip in support in the S&P 500. The Nasdaq 100 and the Russell 2000 did not see levels change. 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 1305.44 and 1292.66. Resistance is at 1315.94, 1326.05, and 1331.48. Russell 2000 (RUT)Support at 786.31, its 10-day moving average, and then at 768.82. Resistance is at 801.71, 807.66, and 814.63.
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Post by ask2lern on Jan 31, 2012 7:41:28 GMT -5
From www.optionmonster.com ......................GLTA Full data calendar could move marketThe economic calendar is full today, with several reports that could move the tape. The schedule includes employment costs, home prices, consumer confidence, and the Chicago Purchasing Managers Index, as well as the weekly retail reports. The weekly ICSC/Goldman Store Sales report will be released at 7:45 a.m. ET. There are two parts to the report, the week-over-week and year-over-year comparisons. Most traders focus on the year-over-year number because it better reflects the longer-term trend. The last week-over-week reading came in at -1.4 percent. The last year-over-year data showed a gain of 2.8 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be bearish. The Employment Cost Index comes out at 8:30 a.m. ET. The consensus forecast calls for a gain of 0.4 percent. Estimates range from 0.3 percent, which would be more favorable to business, to an inflationary 0.6 percent. The weekly Redbook Store Sales will be released at 8:55 a.m. ET. As with the ICSC-Goldman report, there are two components to watch. One is the more volatile month-over-month change, and the other is the year-over-year comparison, which shows the broader trend best. The last month-over-month reading came in at -1.6 percent. The last year-over-year data showed a gain of 2.5 percent. Negative numbers in either category would be bearish. The S&P Case-Shiller Home Price Index will come out at 9 a.m. ET. Most economists expect a reading of -0.4 percent. Estimates range from a bearish -1.1 percent to no change. The Chicago PMI data will be reported at 9:45 a.m. ET. The consensus calls for a small rise to 63, from the previous month's 62.2. Estimates range from a bearish 60 to a bullish 65.7. The Conference Board's Consumer Confidence Index will be released at 10 a.m. ET. The consensus expectation calls for a reading of 68, up from last month's 64.5. Estimates range from a bearish 65 to a bullish 72.5.
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Post by Clinton SPX on Jan 31, 2012 9:22:25 GMT -5
I'll be shocked if they dont sell the gap up
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Post by Clinton SPX on Jan 31, 2012 9:26:47 GMT -5
spy looks like its going to gap right into res
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Post by Clinton SPX on Jan 31, 2012 9:28:33 GMT -5
lots of even number trades spy 132.00 silver 34.0 gold 1750.00 IBM 193.00 SOXL 37.00
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Post by Clinton SPX on Jan 31, 2012 9:31:35 GMT -5
sold my oil scalp
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Post by Clinton SPX on Jan 31, 2012 9:38:32 GMT -5
sold other scalp back to cash
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Post by walnut on Jan 31, 2012 9:39:31 GMT -5
Oh they will see the gap sooner or later
oops meant to say sell the gap.
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Post by Clinton SPX on Jan 31, 2012 9:42:07 GMT -5
ING direct has $4 trades but the catch is you have to buy at the open on tuesday and you have to place your buys on Monday
Im thinking a bunch of ING customers just bought really high
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Post by Clinton SPX on Jan 31, 2012 9:43:16 GMT -5
euro been selling for 30 min
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Post by Clinton SPX on Jan 31, 2012 9:43:57 GMT -5
I got a feeling that was the high for the week
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Post by theMIST on Jan 31, 2012 9:59:24 GMT -5
Keep an eye on that left shoulder high 1322.28 on S&P. We move above it and it will be bullish. If not, we go down.
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Post by Clinton SPX on Jan 31, 2012 10:06:39 GMT -5
be careful
CAC and euro shitting the bed
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Post by Clinton SPX on Jan 31, 2012 10:14:50 GMT -5
just something to ponder
1.12 On The EURUSD Coming? Submitted by Tyler Durden on 01/31/2012 - 09:57 Debt Ceiling European Central Bank
Back on January 16, Zero Hedge, once again just a "little bit" ahead of the general press posted an article titled: "A Shocking €1 Trillion LTRO On Deck? CLSA Explains Why Massive Quanto-Easing By The ECB May Be Coming Next Month." Today, the market has finally awoken to this probability following an FT article which comes to precisely this conclusion (not to mention an FTD article which throws around a €1.5 trillion number, which at this rate will soon hit the CS whisper number of €10 trillion). Of course, better late than never. But what does that mean? Reverting back to our trust key correlation of 2012, namely the comparison of the Fed and ECB balance sheet, it would mean that absent a propotional Fed response, the fair value of the EURUSD would collapse to a shocking 1.12 as the ECB's balance sheet following this LTRO would grow from €2.7 trillion to €3.7 trillion. This can be seen on the attached chart.
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Post by Clinton SPX on Jan 31, 2012 10:19:24 GMT -5
Chicago PMI Misses, Prints At 60.2, Down From 62.2
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Post by rex on Jan 31, 2012 10:20:20 GMT -5
The operative language of that is: "absent a propotional Fed response"!
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Post by rjboni on Jan 31, 2012 10:22:17 GMT -5
be careful CAC and euro shitting the bed I wonder what the hell is happening to the Euro...what just happened with the Greek talks that we don't know about...I know they were meetings with the private banks today, right?
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Post by Clinton SPX on Jan 31, 2012 10:24:18 GMT -5
Ill guess 3-5 min before next wave of selling
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Post by Clinton SPX on Jan 31, 2012 10:25:59 GMT -5
be careful CAC and euro shitting the bed I wonder what the hell is happening to the Euro...what just happened with the Greek talks that we don't know about...I know they were meetings with the private banks today, right? yeah, whats funny is at this point arent they arguing of a 80 or 100% loss now? whats 20% at this point
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Post by Clinton SPX on Jan 31, 2012 10:29:14 GMT -5
everyone's gonna hide in AAPL hehe
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Post by Clinton SPX on Jan 31, 2012 10:32:26 GMT -5
XOM LOD not a good sign for bulls
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Post by rjboni on Jan 31, 2012 10:33:12 GMT -5
I wonder what the hell is happening to the Euro...what just happened with the Greek talks that we don't know about...I know they were meetings with the private banks today, right? yeah, whats funny is at this point arent they arguing of a 80 or 100% loss now? whats 20% at this point Yeah, it's just silly at this point...They just want to have a figure so they can print that it's a "controlled write down" and not an "uncontrolled default". I mean, once a 70% write down is "not enough", the headline is all you're really going for at that point.
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Post by kryptos2009 on Jan 31, 2012 10:41:52 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=13.97 MP=14.02 R1=14.06 MP=14.09 R2=14.12 MP=14.20 R3=14.27 MP=14.35 R4=14.42 MP=13.94 S1=13.91 MP=13.87 S2=13.82 MP=13.75 S3=13.67 MP=13.60 S4=13.52 O=13.97 H=14.03 L=13.88 C=14 FAS PP=78.06 MP=78.69 R1=79.31 MP=79.74 R2=80.17 MP=81.23 R3=82.28 MP=83.34 R4=84.39 MP=77.63 S1=77.20 MP=76.58 S2=75.95 MP=74.90 S3=73.84 MP=72.79 S4=71.73 O=78.2 H=78.92 L=76.81 C=78.45 FAZ PP=30.42 MP=30.58 R1=30.73 MP=30.97 R2=31.20 MP=31.59 R3=31.98 MP=32.37 R4=32.76 MP=30.19 S1=29.95 MP=29.80 S2=29.64 MP=29.25 S3=28.86 MP=28.47 S4=28.08 O=30.39 H=30.88 L=30.1 C=30.27 SPY PP=130.96 MP=131.41 R1=131.85 MP=132.10 R2=132.34 MP=133.03 R3=133.72 MP=134.41 R4=135.10 MP=130.72 S1=130.47 MP=130.03 S2=129.58 MP=128.89 S3=128.20 MP=127.51 S4=126.82 O=130.51 H=131.44 L=130.06 C=131.37 SPG PP=135.37 MP=135.76 R1=136.15 MP=136.47 R2=136.78 MP=137.49 R3=138.19 MP=138.90 R4=139.60 MP=135.06 S1=134.74 MP=134.35 S2=133.96 MP=133.26 S3=132.55 MP=131.85 S4=131.14 O=135.7 H=136.01 L=134.6 C=135.51 GS PP=109.64 MP=110.08 R1=110.51 MP=110.90 R2=111.29 MP=112.12 R3=112.94 MP=113.77 R4=114.59 MP=109.25 S1=108.86 MP=108.43 S2=107.99 MP=107.17 S3=106.34 MP=105.52 S4=104.69 O=110.37 H=110.42 L=108.77 C=109.73 JPM PP=36.85 MP=37.09 R1=37.33 MP=37.50 R2=37.66 MP=38.06 R3=38.47 MP=38.87 R4=39.28 MP=36.69 S1=36.52 MP=36.28 S2=36.04 MP=35.63 S3=35.23 MP=34.82 S4=34.42 O=36.66 H=37.17 L=36.36 C=37.01 MS PP=18.39 MP=18.50 R1=18.61 MP=18.82 R2=19.02 MP=19.34 R3=19.65 MP=19.97 R4=20.28 MP=18.19 S1=17.98 MP=17.87 S2=17.76 MP=17.45 S3=17.13 MP=16.82 S4=16.50 O=18.79 H=18.8 L=18.17 C=18.2 C PP=30.28 MP=30.38 R1=30.48 MP=30.61 R2=30.73 MP=30.96 R3=31.18 MP=31.41 R4=31.63 MP=30.16 S1=30.03 MP=29.93 S2=29.83 MP=29.61 S3=29.38 MP=29.16 S4=28.93 O=30.43 H=30.53 L=30.08 C=30.23 VIX PP=19.70 MP=19.87 R1=20.03 MP=20.34 R2=20.65 MP=21.13 R3=21.60 MP=22.08 R4=22.55 MP=19.39 S1=19.08 MP=18.92 S2=18.75 MP=18.28 S3=17.80 MP=17.33 S4=16.85 O=20.33 H=20.33 L=19.38 C=19.4 UUP PP=22.09 MP=22.11 R1=22.13 MP=22.16 R2=22.18 MP=22.23 R3=22.27 MP=22.32 R4=22.36 MP=22.07 S1=22.04 MP=22.02 S2=22.00 MP=21.96 S3=21.91 MP=21.87 S4=21.82 O=22.14 H=22.15 L=22.06 C=22.07 FROM: www.econoday.comEconomic Events & Analysis - 01/31/2012 TuesdayAdditional 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 herceg1967 on Jan 31, 2012 10:42:51 GMT -5
Easiest money I ever made with X short today...............they lost more than expected but still managed to rally early on...............LMAO.....................I wish things were always this easy, I would never have to worry about anything...................
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Post by brosin on Jan 31, 2012 10:48:07 GMT -5
Morning gang and thanks for all the info!
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Post by Clinton SPX on Jan 31, 2012 10:48:07 GMT -5
Ill guess 3-5 min before next wave of selling put your helmets on
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Post by jack on Jan 31, 2012 10:50:01 GMT -5
Natural gas down another 6.8%; I 'm gonna start powering my computer w/ nat gas
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Post by Clinton SPX on Jan 31, 2012 10:50:37 GMT -5
this could get super ugly as stops get taken out
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Post by brosin on Jan 31, 2012 10:50:41 GMT -5
Yeah looks like quite the swift move down in the russell - yet crude is still really green. Anything geopolitically going on? If so, forgive my oblivion - been a busy couple days and haven't been able to keep up with the news ;D
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