PPDT - 02/29/2012 Wednesday - PP-XLF = 14.80

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=14.80
MP=14.84 R1=14.88 MP=14.92 R2=14.95 MP=15.02 R3=15.10 MP=15.17 R4=15.25
MP=14.77 S1=14.73 MP=14.69 S2=14.65 MP=14.57 S3=14.50 MP=14.42 S4=14.35
O=14.81 H=14.86 L=14.71 C=14.82

FAS PP=92.32
MP=92.97 R1=93.62 MP=94.16 R2=94.69 MP=95.88 R3=97.06 MP=98.25 R4=99.43
MP=91.79 S1=91.25 MP=90.60 S2=89.95 MP=88.77 S3=87.58 MP=86.40 S4=85.21
O=92.53 H=93.39 L=91.02 C=92.55

FAZ PP=25.23
MP=25.38 R1=25.52 MP=25.70 R2=25.87 MP=26.19 R3=26.51 MP=26.83 R4=27.15
MP=25.06 S1=24.88 MP=24.74 S2=24.59 MP=24.27 S3=23.95 MP=23.63 S4=23.31
O=25.18 H=25.59 L=24.95 C=25.16

SPY PP=137.40
MP=137.64 R1=137.88 MP=138.04 R2=138.19 MP=138.59 R3=138.98 MP=139.38 R4=139.77
MP=137.25 S1=137.09 MP=136.85 S2=136.61 MP=136.22 S3=135.82 MP=135.43 S4=135.03
O=137.2 H=137.72 L=136.93 C=137.56

SPG PP=136.57
MP=136.95 R1=137.33 MP=137.85 R2=138.37 MP=139.27 R3=140.17 MP=141.07 R4=141.97
MP=136.05 S1=135.53 MP=135.15 S2=134.77 MP=133.87 S3=132.97 MP=132.07 S4=131.17
O=137.05 H=137.6 L=135.8 C=136.3

GS PP=117.01
MP=117.89 R1=118.76 MP=119.59 R2=120.42 MP=122.12 R3=123.83 MP=125.53 R4=127.24
MP=116.18 S1=115.35 MP=114.48 S2=113.60 MP=111.89 S3=110.19 MP=108.48 S4=106.78
O=116 H=118.66 L=115.25 C=117.11

JPM PP=39.20
MP=39.38 R1=39.56 MP=39.73 R2=39.90 MP=40.25 R3=40.60 MP=40.95 R4=41.30
MP=39.03 S1=38.86 MP=38.68 S2=38.50 MP=38.15 S3=37.80 MP=37.45 S4=37.10
O=39.13 H=39.55 L=38.85 C=39.21

MS PP=18.72
MP=18.87 R1=19.02 MP=19.17 R2=19.32 MP=19.62 R3=19.92 MP=20.22 R4=20.52
MP=18.57 S1=18.42 MP=18.27 S2=18.12 MP=17.82 S3=17.52 MP=17.22 S4=16.92
O=18.68 H=19.03 L=18.43 C=18.71

C PP=33.34
MP=33.55 R1=33.75 MP=33.88 R2=34.01 MP=34.35 R3=34.68 MP=35.02 R4=35.35
MP=33.21 S1=33.08 MP=32.88 S2=32.67 MP=32.34 S3=32.00 MP=31.67 S4=31.33
O=32.97 H=33.61 L=32.94 C=33.48

VIX PP=18.17
MP=18.31 R1=18.45 MP=18.71 R2=18.96 MP=19.35 R3=19.75 MP=20.14 R4=20.54
MP=17.92 S1=17.66 MP=17.52 S2=17.38 MP=16.98 S3=16.59 MP=16.19 S4=15.80
O=18.67 H=18.67 L=17.88 C=17.95

UUP PP=21.82
MP=21.84 R1=21.85 MP=21.89 R2=21.93 MP=21.98 R3=22.04 MP=22.09 R4=22.15
MP=21.78 S1=21.74 MP=21.73 S2=21.71 MP=21.65 S3=21.60 MP=21.54 S4=21.49
O=21.83 H=21.89 L=21.78 C=21.78

FROM: www.econoday.com

Economic Events & Analysis - 02/29/2012 Wednesday


7:00 AM ET MBA Purchase Applications
8:30 AM ET GDP
9:30 AM ET Richard Fisher Speaks
9:45 AM ET Chicago PMI
10:00 AM ET Ben Bernanke Speaks
10:30 AM ET EIA Petroleum Status Report
12:00 PM ET Charles Plosser Speaks
2:00 PM ET Beige Book
3:00 PM ET Farm Prices


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.

[ask2lern]

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


GOLD


R3 1817.90
R2 1801.10
R1 1793.00

PP 1784.30

S1 1776.20
S2 1767.50
S3 1750.70


SILVER

R3 40.85
R2 38.88
R1 37.96

PP 36.91

S1 35.99
S2 34.94
S3 32.97


IWM

R3 84.83
R2 83.61
R1 82.95

PP 82.39

S1 81.73
S2 81.17
S3 79.95




TNA

R3 66.90
R2 64.21
R1 62.73

PP 61.52

S1 60.04
S2 58.83
S3 56.14



TZA

R3 20.12
R2 19.33
R1 18.97

PP 18.54

S1 18.18
S2 17.75
S3 16.96


SDS

R3 16.39
R2 16.22
R1 16.11

PP 16.05

S1 15.94
S2 15.88
S3 15.71

SSO

R3 56.51
R2 55.93
R1 55.72

PP 55.35

S1 55.14
S2 54.77
S3 54.19

…………………………..GLTA

[ask2lern]

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

NDX, SPX pull away from the Russell

Traders experienced another mixed session in the indexes and a further divergence in small-cap equities yesterday.

The Russell 2000 was lower again by 2.86, or 0.35 percent, to close at 823.80. It was at the low of the day in early afternoon.

The Nasdaq 100 was up 26.7, or 1 percent, to 2633.46. The S&P 500 picked up 4.59, or 0.34 percent, to finish at 1372.18. Both were at their highs of the day just before the close and posted new multi-year highs.

The CBOE Volatility Index did give up some ground, losing 1.26 percent to 17.96. The actual volatility is acting as an anchor as it remains down below 9 percent, keeping the VIX below 18.

Nasdaq 100 (NDX)
Support is 2591.72, 2551.35, and 2532.26. Resistance is at 2634.23.

S&P 500 (SPX)
Support is at 1360.18, 1341.22, and 1300.49. Resistance is at 1373.09.

Russell 2000 (RUT)
Support is 810.19 and 800.22. Resistance levels are 830.87 and 843.40.

[ask2lern]

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

Fed speeches, revised GDP on slate

The calendar remains active today as traders prepare for comments by central bankers and economic data.

The first release comes out at 8:30 a.m. ET, when the Commerce Department reports the second revision of fourth-quarter gross domestic product. Economists expect the reading to remain unchanged at an expansion of 2.8 percent.

Federal Open Market Committee member Richard Fisher will then speak as the market opens at 9:30 a.m. ET. Half an hour later Fed Chairman Ben Bernanke will speak on Capitol Hill before the Joint Economic Committee.

Although Fed speeches have typically been important, today's might have less impact on trading because the central bank has pledged to keep interest rates unchanged for at least the next year.

Also at 9:45 a.m. ET, the Chicago Purchasing Managers Index for February will be released. Economists expect a reading of 60, about the same as last month. Given all the other news and the fact it covers a limited region, the report is unlikely to affect trading unless it misses or beats expectations by a wide margin.

[ask2lern]

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

Bears target technology fund at highs

The SPDR Technology Fund is at a 10-year high, but unusual put activity is looking for a bit of a pullback.

The XLK rose another 0.73 percent yesterday to close at $29.08, continuing its run from below $25 in mid-December. In that time, the exchange-traded fund has hasn't closed below its 10-day moving average and has traded below it only on two occasions. It is now at its highest level since June 2001.

optionMONSTER's systems show that 68,196 XLK options traded against a daily average of 13,000. Only 726 of those contracts were calls, as virtually all of that volume was in one three-way put spread.

The trade involved 20,000 each of the April 28, 27, and 26 puts. The 28 puts went off $0.41, apparently bought, while the 27s traded for $23 and the 26s for $0.14, both seemingly sold.

This appears to be a form of a ratio spread, as the trader bought the highest strike and sold twice as many contracts at the lower strikes. The position would take a maximum profit if the XLK is between $27 and $26 at expiration in mid-April but, below that, the trader would have to buy the stock if assigned. (See our Education section)

[sloop]

Great to see you back John

[jack]

Feb 29, 2012 7:30:06 GMT -5 ask2lern said:

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

Bears target technology fund at highs

The SPDR Technology Fund is at a 10-year high, but unusual put activity is looking for a bit of a pullback.

The XLK rose another 0.73 percent yesterday to close at $29.08, continuing its run from below $25 in mid-December. In that time, the exchange-traded fund has hasn't closed below its 10-day moving average and has traded below it only on two occasions. It is now at its highest level since June 2001.

optionMONSTER's systems show that 68,196 XLK options traded against a daily average of 13,000. Only 726 of those contracts were calls, as virtually all of that volume was in one three-way put spread.

The trade involved 20,000 each of the April 28, 27, and 26 puts. The 28 puts went off $0.41, apparently bought, while the 27s traded for $23 and the 26s for $0.14, both seemingly sold.

This appears to be a form of a ratio spread, as the trader bought the highest strike and sold twice as many contracts at the lower strikes. The position would take a maximum profit if the XLK is between $27 and $26 at expiration in mid-April but, below that, the trader would have to buy the stock if assigned. (See our Education section)

Hmmmmmmm.....WHY do I NOT find herzeg "Liking" THAT not too surprising(?)

Bwahahahahahaaaaa!

(j/k herc )

[herceg1967]

What's not to like..............

[Clinton SPX]

bloomberg poll 65% are bearish

[herceg1967]

Feb 29, 2012 9:50:49 GMT -5 Clinton SPX said:

bloomberg poll 65% are bearish

Yet CC yesterday at 71..............Yeah that makes things easier to decide now.........

[dino]

djt working on a 2 day close below the 50 day @ 5177. it's early, but it blasted above at the open then tanked big time and is currently trading below...

[Clinton SPX]

that was weird, my PMs tanked but NVDA sprang to life from the bernanks words

[Clinton SPX]

took profits on a chunk of SNSS in 1.65 out 1.75
not sure why I own that piece of crap stock
wont be buying that EVER again

[jack]

Feb 29, 2012 10:12:11 GMT -5 Clinton SPX said:

that was weird, my PMs tanked but NVDA sprang to life from the bernanks words

The Bernank doesn't want people to own gold believing all it does is look back at you.



.......oh wait a minute maybe that was Buffet who thinks that - well whaddaya expect I'm on Lipitor:

www.washingtonpost.com/business/fda-adds-warnings-about-memory-loss-and-blood-sugar-to-widely-used-class-of-cholesterol-drugs/2012/02/28/gIQADiiVgR_story.html

[Clinton SPX]

another build on oil
smaller than expected

[dino]

djt back test 50 and fail

[Clinton SPX]

NVDA just moved to top of my board

[dino]

should bounce here

[jack]

Dunno what the Bernank said but whatever it was it killed what woulda been a good day for my miner...AND THEN SOME!!!

I've taken a marked dislike of the man as a consequence.

Bwahahahahahaa!

[Clinton SPX]

took profits on NVDA

[jack]

Ron Paul on Bloomies talking about the $USD devaluation

www.bloomberg.com/radio/

[jack]

Feb 29, 2012 10:49:10 GMT -5 Clinton SPX said:

took profits on NVDA

Gratz Clint!

[jack]

Holy crap the Bernank is on Bloomies w/ Paul!!!

[dino]

Feb 29, 2012 10:44:18 GMT -5 dino said:

should bounce here

!@#$... sold half my puts there. see, here's where they got short traders all screwed up. i don't hesitate for a second when i got a gain on shorts. i at least sell half no matter what and most times sell all. buyers had been stepping in at even the weakest supports. oh well, a gain is a gain, right?!?!?! lol...

[dino]

crap i can't update my es chart fast enough. coming up on the channel bottom already. didn't expect that today...

[Clinton SPX]

LONG GPL
nothing like a 10% swing in 1 hour
weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[Clinton SPX]

what a gift IMO I see tails

[herceg1967]

Feb 29, 2012 10:56:41 GMT -5 Clinton SPX said:

what a gift IMO I see tails

Not yet............if volatility is expected, take what you can........missed some on X, but it's right back down...............so watching again.......

[Clinton SPX]

oil under 106

[dino]

transports not doing much. way below the 50 (relatively speaking).