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Post by kryptos2009 on Feb 1, 2012 0:33:07 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=14.04 MP=14.09 R1=14.13 MP=14.16 R2=14.19 MP=14.27 R3=14.34 MP=14.42 R4=14.49 MP=14.01 S1=13.98 MP=13.94 S2=13.89 MP=13.82 S3=13.74 MP=13.67 S4=13.59 O=14.09 H=14.11 L=13.96 C=14.06 FAS PP=79.24 MP=79.88 R1=80.52 MP=81.10 R2=81.67 MP=82.89 R3=84.10 MP=85.32 R4=86.53 MP=78.67 S1=78.09 MP=77.45 S2=76.81 MP=75.60 S3=74.38 MP=73.17 S4=71.95 O=80.14 H=80.4 L=77.97 C=79.36 FAZ PP=29.98 MP=30.21 R1=30.44 MP=30.71 R2=30.98 MP=31.48 R3=31.98 MP=32.48 R4=32.98 MP=29.71 S1=29.44 MP=29.21 S2=28.98 MP=28.48 S3=27.98 MP=27.48 S4=26.98 O=29.64 H=30.52 L=29.52 C=29.9 SPY PP=131.39 MP=131.75 R1=132.11 MP=132.50 R2=132.89 MP=133.64 R3=134.39 MP=135.14 R4=135.89 MP=131.00 S1=130.61 MP=130.25 S2=129.89 MP=129.14 S3=128.39 MP=127.64 S4=126.89 O=132.02 H=132.18 L=130.68 C=131.32 SPG PP=135.60 MP=136.05 R1=136.50 MP=136.82 R2=137.13 MP=137.90 R3=138.66 MP=139.43 R4=140.19 MP=135.29 S1=134.97 MP=134.52 S2=134.07 MP=133.31 S3=132.54 MP=131.78 S4=131.01 O=135.94 H=136.24 L=134.71 C=135.86 GS PP=111.04 MP=111.99 R1=112.93 MP=113.66 R2=114.38 MP=116.05 R3=117.72 MP=119.39 R4=121.06 MP=110.32 S1=109.59 MP=108.65 S2=107.70 MP=106.03 S3=104.36 MP=102.69 S4=101.02 O=110.69 H=112.5 L=109.16 C=111.47 JPM PP=37.26 MP=37.42 R1=37.58 MP=37.73 R2=37.87 MP=38.17 R3=38.48 MP=38.78 R4=39.09 MP=37.12 S1=36.97 MP=36.81 S2=36.65 MP=36.34 S3=36.04 MP=35.73 S4=35.43 O=37.53 H=37.54 L=36.93 C=37.3 MS PP=18.46 MP=18.67 R1=18.87 MP=18.98 R2=19.09 MP=19.41 R3=19.72 MP=20.04 R4=20.35 MP=18.35 S1=18.24 MP=18.04 S2=17.83 MP=17.52 S3=17.20 MP=16.89 S4=16.57 O=18.4 H=18.68 L=18.05 C=18.65 C PP=30.64 MP=30.81 R1=30.98 MP=31.11 R2=31.24 MP=31.54 R3=31.84 MP=32.14 R4=32.44 MP=30.51 S1=30.38 MP=30.21 S2=30.04 MP=29.74 S3=29.44 MP=29.14 S4=28.84 O=30.67 H=30.9 L=30.3 C=30.72 VIX PP=19.14 MP=19.64 R1=20.14 MP=20.50 R2=20.85 MP=21.70 R3=22.56 MP=23.41 R4=24.27 MP=18.79 S1=18.43 MP=17.93 S2=17.43 MP=16.57 S3=15.72 MP=14.86 S4=14.01 O=19.07 H=19.84 L=18.13 C=19.44 UUP PP=22.10 MP=22.15 R1=22.20 MP=22.24 R2=22.27 MP=22.36 R3=22.44 MP=22.53 R4=22.61 MP=22.07 S1=22.03 MP=21.98 S2=21.93 MP=21.85 S3=21.76 MP=21.68 S4=21.59 O=22.01 H=22.18 L=22.01 C=22.12 FROM: www.econoday.comEconomic Events & Analysis - 02/01/2012 WednesdayMotor Vehicle Sales 7:00 AM ET MBA Purchase Applications 7:30 AM ET Challenger Job-Cut Report 8:15 AM ET ADP Employment Report 8:30 AM ET Charles Plosser Speaks 9:00 AM ET Treasury Refunding Announcement 9:00 AM ET 3-Yr Note Announcement 9:00 AM ET 10-Yr Note Announcement 9:00 AM ET 30-Yr Bond Announcement 10:00 AM ET ISM Mfg Index 10:00 AM ET Construction Spending 10:30 AM ET EIA Petroleum Status Report 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 elle on Feb 1, 2012 2:24:23 GMT -5
$$ flos 4 pos, 1 neg, so green open?, sell 12:30?
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Post by elle on Feb 1, 2012 4:41:05 GMT -5
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Post by ask2lern on Feb 1, 2012 7:37:01 GMT -5
Thanks Kryptos!!!!! Good Morning Gang Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1786.33 R2 1761.43 R1 1749.57
PP 1736.53
S1 1724.67 S2 1711.63 S3 1686.73
SILVER
R3 36.19 R2 34.82 R1 34.02
PP 33.45
S1 32.65 S2 32.08 S3 30.71
IWM
R3 81.62 R2 80.38 R1 79.70
PP 79.14
S1 78.46 S2 77.90 S3 76.66
TNA
R3 60.08 R2 57.52 R1 56.15
PP 54.96
S1 53.59 S2 52.40 S3 49.84
TZA
R3 23.26 R2 22.27 R1 21.81
PP 21.28
S1 20.82 S2 20.29 S3 19.30
SDS
R3 18.40 R2 18.00 R1 17.81
PP 17.60
S1 17.41 S2 17.20 S3 16.80
SSO
R3 52.98 R2 51.82 R1 51.19
PP 50.66
S1 50.03 S2 49.50 S3 48.34
…………………………..GLTA
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Post by ask2lern on Feb 1, 2012 7:41:55 GMT -5
From www.optionmonster.com ................GLTA Indexes may hinge of Amazon's falloutThe indexes saw yet another virtually flat session yesterday. While the action on the surface may be dull for index traders, there is quite a bit going at the individual-stock level. Traders will be monitoring reaction to the latest disappointing quarterly report from a big-cap Internet name, this time Amazon.com, which was down sharply after hours. Regardless of whether the market sees more selling or dip buying, the impact could influence trading for the rest of the week. Levels once again remain virtually unchanged on the cusp of more major economic releases in the next three days. The Nasdaq 100 nudged up a resistance level, but that is likely to change today if overnight futures trading is any indication. Nasdaq 100 (NDX)Support is at 2467.46, 2445.59, the October pivot high of 2412.52, and 2389.91. Resistance is at 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 its 10-day moving average of 789.02 and then at 768.82. Resistance is at 801.71, 807.66, and 814.63.
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Post by ask2lern on Feb 1, 2012 7:45:11 GMT -5
From www.optionmonster.com ...............................GLTA Labor, manufacturing, car data on tapThe economic calendar is jam-packed for the first day of February and will be the fullest docket of the week. In addition to the regular weekly mortgage and oil reports, the schedule includes employment data, manufacturing results, car sales, and some insight into construction trends. Motor Vehicle Sales will come out separately by each company its own timetable. We can expect results no later than mid-morning from some firms, with reports usually concluded by noon ET. MBA Purchase Applications will be reported at 7 a.m. ET. I follow only the purchases component of the report because it indicates fresh economic activity as opposed to refinancing. Economists do not make estimates for this report, but last week's purchases came in at 184.8. A number that is higher by 5 percent or more would be bullish, while one that is lower by the same margin would be bearish. The Challenger Job-Cut Report comes out at 7:30 a.m. ET. The report tracks announced layoffs that have not yet been implemented, so some traders view it as a leading indicator for employment trends. There is no forecast available for this report, but generally a reading above 50,000 is considered bearish, while one below 40,000 is neutral to bullish. The ADP Employment Report will be released at 8:15 a.m. ET. The consensus estimate calls for 185,000 private payrolls to have been added. Estimates range from 150,000 to 295,000. A number below the low end of the range might be bearish, while one toward the high end would be bullish. The ISM Manufacturing Index will be reported at 10 a.m. ET. The consensus expects a slight increase to 54.5 from last month's 53.1, while estimates range from 53 to 56. A reading at or below 53 might be seen as bearish, while a number at or above the high end of the range would be bullish. Construction Spending is due at 10 a.m. ET. The average forecast calls for an increase of 0.6 percent. Estimates range from a bearish -0.6 percent to a bullish 1.4 percent. 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 build of 2.363 million barrels. But the API release, which came out after yesterday's close, showed a build of 2.067 million barrels instead. If the EIA data confirms this build number, or shows an even smaller reading, it could be bullish for crude. If the build number is larger than the API's 2.067 million barrels, 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.
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Post by ask2lern on Feb 1, 2012 8:03:32 GMT -5
ThemisSal Sal Arnuk Since 1928 February performance has been negative 49% of the time. 2nd most of any month. $$ 1 minute ago Favorite Retweet Reply
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Post by ask2lern on Feb 1, 2012 8:04:08 GMT -5
redliontrader redliontrader Bulls take the breadth back $study bit.ly/yPgzsg7 minutes ago Favorite Retweet Reply
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Post by Clinton SPX on Feb 1, 2012 8:04:26 GMT -5
been a long time since we had a gap and go
Im not a bull believer
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Post by ask2lern on Feb 1, 2012 8:10:40 GMT -5
been a long time since we had a gap and go Im not a bull believer The Pavlovian market effect seems to be weakening....................essentially we are trading at the same place we were 1 week ago............................
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Post by ask2lern on Feb 1, 2012 8:13:45 GMT -5
KeithMcCullough Keith McCullough As the USD fell, US Consumer Confidence fell - and last wks US Mortgage applications fall -2% w/w, despite rates at 0% 36 minutes ago Favorite Retweet Reply Retweeted by @ta_Trader
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Post by Clinton SPX on Feb 1, 2012 8:24:10 GMT -5
oil cant hold 99
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Post by tendermyshares on Feb 1, 2012 8:29:11 GMT -5
That's a very odd comment "despite rates at 0%" -- weekly mortage apps are an extremely volatile number and have been quite high and quite low even recently. Rates aren't exactly at 0 for banks, certainly not for mortgage applicants, and also haven't changed anytime recently. Seems like pure snark. KeithMcCullough Keith McCullough As the USD fell, US Consumer Confidence fell - and last wks US Mortgage applications fall -2% w/w, despite rates at 0% 36 minutes ago Favorite Retweet Reply Retweeted by @ta_Trader
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Post by ask2lern on Feb 1, 2012 8:35:20 GMT -5
That's a very odd comment "despite rates at 0%" -- weekly mortage apps are an extremely volatile number and have been quite high and quite low even recently. Rates aren't exactly at 0 for banks, certainly not for mortgage applicants, and also haven't changed anytime recently. Seems like pure snark. KeithMcCullough Keith McCullough As the USD fell, US Consumer Confidence fell - and last wks US Mortgage applications fall -2% w/w, despite rates at 0% 36 minutes ago Favorite Retweet Reply Retweeted by @ta_Trader I just report it.....................Kryptos sig line says it best IMO..................... "Read not to contradict and confute, nor to believe and take for granted, nor to find talk and discourse, but to weigh and consider."
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Post by ask2lern on Feb 1, 2012 8:37:25 GMT -5
econalert Economic Alert ADP Employment Change for Jan: 170K, Prior: 250K #mkt $$ #economy 5 minutes ago Favorite Retweet Reply
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Post by ask2lern on Feb 1, 2012 8:39:40 GMT -5
redliontrader redliontrader Can the bulls hold and push? We think so $study bit.ly/ACnRx71 minute ago Favorite Retweet Reply
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Post by Clinton SPX on Feb 1, 2012 8:40:27 GMT -5
no ones going to buy this gap up
its silly how high futures are
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Post by tendermyshares on Feb 1, 2012 8:41:10 GMT -5
I know you just reported it, that's why I'm discussing his comment. But I'm not sure why it's more worth reporting than any other comment and seems inherently haywire. I don't care as much as it might sound though. Carry on. That's a very odd comment "despite rates at 0%" -- weekly mortage apps are an extremely volatile number and have been quite high and quite low even recently. Rates aren't exactly at 0 for banks, certainly not for mortgage applicants, and also haven't changed anytime recently. Seems like pure snark. I just report it.....................Kryptos sig line says it best IMO..................... "Read not to contradict and confute, nor to believe and take for granted, nor to find talk and discourse, but to weigh and consider."
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Post by ask2lern on Feb 1, 2012 8:43:35 GMT -5
Apparently last month ADP numbers were revised down 33k so I would expect that on Friday we will get a revision to Dec Job's # but it seems revisions have zero impact so report what the market wants regardless and just revise later.....................
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Post by Clinton SPX on Feb 1, 2012 8:47:03 GMT -5
Apparently last month ADP numbers were revised down 33k so I would expect that on Friday we will get a revision to Dec Job's # but it seems revisions have zero impact so report what the market wants regardless and just revise later..................... Just like fake ass GDP
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Post by ask2lern on Feb 1, 2012 8:49:10 GMT -5
I know you just reported it, that's why I'm discussing his comment. But I'm not sure why it's more worth reporting than any other comment and seems inherently haywire. I don't care as much as it might sound though. Carry on. I just report it.....................Kryptos sig line says it best IMO..................... "Read not to contradict and confute, nor to believe and take for granted, nor to find talk and discourse, but to weigh and consider." I posted it because it was the first post on my twitter stream that gave the mortgage data and I dont edit other peoples tweets prior to posting......................GL
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Post by tendermyshares on Feb 1, 2012 8:54:53 GMT -5
That's fine. I guess I've noticed posts about economic data to contain opinions before and didn't realize they were just the first tweets seen on the topic. I don't need some random Joe's comment about economic data, especially since his just seemed particularly dumb, that's all. But I get my data elsewhere so I'll just keep that in mind for here. I know you just reported it, that's why I'm discussing his comment. But I'm not sure why it's more worth reporting than any other comment and seems inherently haywire. I don't care as much as it might sound though. Carry on. I posted it because it was the first post on my twitter stream that gave the mortgage data and I dont edit other peoples tweets prior to posting......................GL
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Post by Clinton SPX on Feb 1, 2012 9:02:02 GMT -5
I love your post ask, keep up the good work
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Post by Clinton SPX on Feb 1, 2012 9:26:28 GMT -5
Obama speaks at 11AM just before the EU close mwa ha ha this will be interesting
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Post by Clinton SPX on Feb 1, 2012 9:32:11 GMT -5
give it 5 min before selling starts
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Post by Clinton SPX on Feb 1, 2012 9:33:10 GMT -5
all aboard the suckers express
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Post by Clinton SPX on Feb 1, 2012 9:34:38 GMT -5
we printed 1 green candle before selling yesterday
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Post by Clinton SPX on Feb 1, 2012 9:48:49 GMT -5
OGS oil gold silver heading down
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Post by walnut on Feb 1, 2012 9:48:53 GMT -5
I would think that we have seen HOD.
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Post by Clinton SPX on Feb 1, 2012 9:51:14 GMT -5
bulls lovin some JPM though
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