PPDT - 03/01/2012 Thursday - PP-XLF = 14.81

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=14.81
MP=14.86 R1=14.91 MP=14.98 R2=15.05 MP=15.17 R3=15.29 MP=15.41 R4=15.53
MP=14.74 S1=14.67 MP=14.62 S2=14.57 MP=14.45 S3=14.33 MP=14.21 S4=14.09
O=14.83 H=14.96 L=14.72 C=14.76

FAS PP=92.46
MP=93.19 R1=93.92 MP=95.19 R2=96.46 MP=98.46 R3=100.46 MP=102.46 R4=104.46
MP=91.19 S1=89.92 MP=89.19 S2=88.46 MP=86.46 S3=84.46 MP=82.46 S4=80.46
O=93.17 H=95 L=91 C=91.38

FAZ PP=25.20
MP=25.55 R1=25.89 MP=26.08 R2=26.27 MP=26.80 R3=27.34 MP=27.87 R4=28.41
MP=25.01 S1=24.82 MP=24.48 S2=24.13 MP=23.59 S3=23.06 MP=22.52 S4=21.99
O=25.03 H=25.57 L=24.5 C=25.52

SPY PP=137.25
MP=137.61 R1=137.96 MP=138.43 R2=138.90 MP=139.73 R3=140.55 MP=141.38 R4=142.20
MP=136.78 S1=136.31 MP=135.96 S2=135.60 MP=134.78 S3=133.95 MP=133.13 S4=132.30
O=137.76 H=138.19 L=136.54 C=137.02

SPG PP=136.14
MP=136.62 R1=137.09 MP=137.89 R2=138.69 MP=139.97 R3=141.24 MP=142.52 R4=143.79
MP=135.34 S1=134.54 MP=134.07 S2=133.59 MP=132.32 S3=131.04 MP=129.77 S4=128.49
O=136.67 H=137.75 L=135.2 C=135.48

GS PP=116.14
MP=116.64 R1=117.13 MP=118.13 R2=119.13 MP=120.62 R3=122.12 MP=123.61 R4=125.11
MP=115.14 S1=114.14 MP=113.65 S2=113.15 MP=111.65 S3=110.16 MP=108.66 S4=107.17
O=116.51 H=118.13 L=115.14 C=115.14

JPM PP=39.40
MP=39.59 R1=39.78 MP=40.05 R2=40.32 MP=40.78 R3=41.24 MP=41.70 R4=42.16
MP=39.13 S1=38.86 MP=38.67 S2=38.48 MP=38.02 S3=37.56 MP=37.10 S4=36.64
O=39.33 H=39.94 L=39.02 C=39.24

MS PP=18.70
MP=18.83 R1=18.95 MP=19.15 R2=19.35 MP=19.68 R3=20.00 MP=20.33 R4=20.65
MP=18.50 S1=18.30 MP=18.18 S2=18.05 MP=17.73 S3=17.40 MP=17.08 S4=16.75
O=18.83 H=19.11 L=18.46 C=18.54

C PP=33.53
MP=33.66 R1=33.79 MP=34.03 R2=34.27 MP=34.64 R3=35.01 MP=35.38 R4=35.75
MP=33.29 S1=33.05 MP=32.92 S2=32.79 MP=32.42 S3=32.05 MP=31.68 S4=31.31
O=33.52 H=34 L=33.26 C=33.32

VIX PP=18.24
MP=18.59 R1=18.94 MP=19.20 R2=19.46 MP=20.07 R3=20.68 MP=21.29 R4=21.90
MP=17.98 S1=17.72 MP=17.37 S2=17.02 MP=16.41 S3=15.80 MP=15.19 S4=14.58
O=17.8 H=18.75 L=17.53 C=18.43

UUP PP=21.89
MP=21.97 R1=22.05 MP=22.09 R2=22.13 MP=22.25 R3=22.37 MP=22.49 R4=22.61
MP=21.85 S1=21.81 MP=21.73 S2=21.65 MP=21.53 S3=21.41 MP=21.29 S4=21.17
O=21.77 H=21.98 L=21.74 C=21.96

FROM: www.econoday.com

Economic Events & Analysis - 03/01/2012 Thursday


Weekly Bill Settlement

Motor Vehicle Sales

Chain Store Sales

8:00 AM ET Sandra Pianalto Speaks
8:30 AM ET Jobless Claims
8:30 AM ET Personal Income and Outlays
9:45 AM ET Bloomberg Consumer Comfort Index
10:00 AM ET ISM Mfg Index
10:00 AM ET Construction Spending
10:00 AM ET Ben Bernanke Speaks
10:30 AM ET EIA Natural Gas Report
10:30 AM ET Sarah Bloom Raskin Speaks
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
11:00 AM ET 52-Week Bill Announcement
12:30 PM ET Dennis Lockhart Speaks
4:30 PM ET Fed Balance Sheet
4:30 PM ET Money Supply
10:00 PM ET John Williams Speaks


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.

[jack]

Bernank speaking AGAIN???

(Oh well...)

[herceg1967]

Only 54% Of Young Adults In America Have A Job
Submitted by Tyler Durden on 02/29/2012 23:32 -0500

Greece Obama Administration Unemployment


A month ago, Zero Hedge readers were stunned to learn that unemployment among Europe's young adults has exploded as a result of the European financial crisis, and peaking anywhere between 46% in the case of Greece all they way to 51% for Spain. Which makes us wonder what the reaction will be to the discovery that when it comes to young adults (18-24) in the US, the employment rate is just barely above half, or 54%, which just happens to be the lowest in 64 years, and 7% worse than when Obama took office promising a whole lot of change 3 years ago.

And while technically this means 46% are unemployed, or the same percentage as in Greece, the US ratio, which comes from Pew, shows the ratio as a % of the total population: a very sensitive topic now that every month we see another 250,000 drop off mysteriously from the total labor force. However, unlike those on the trailing age end, young adults by definition are the labor force in their age group demographic, so it would be difficult to explain away this horrendous number by claiming that ever more 24 year olds are retiring. Although, yes, we agree that some may be dropping out of the labor force in order to go to college, incidentally the locus of the latest credit bubble, where they meet a fate worse even than secular unemployment: they become debt slaves of the Federal System, with non-dischargable debt at that, which even assuming they can get a job would take ages to pay back!

But wait: there's more - of all age groups, this is the one that has actually seen its wages drop the most under the Obama administration.

So not only are they unemployed, young adults are at least poor.

Net result: double the change, zero the hope.

[ask2lern]

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


GOLD


R3 1927.23
R2 1825.63
R1 1761.67

PP 1724.03

S1 1660.07
S2 1622.43
S3 1520.83


SILVER

R3 43.23
R2 39.29
R1 37.01

PP 35.35

S1 33.07
S2 31.41
S3 27.47


IWM

R3 85.64
R2 83.65
R1 82.35

PP 81.66

S1 80.36
S2 79.67
S3 77.68




TNA

R3 68.83
R2 64.34
R1 61.40

PP 59.85

S1 56.91
S2 55.36
S3 50.87



TZA

R3 21.73
R2 20.39
R1 19.95

PP 19.05

S1 18.61
S2 17.71
S3 16.37


SDS

R3 16.75
R2 16.41
R1 16.29

PP 16.07

S1 15.95
S2 15.73
S3 15.39

SSO

R3 57.57
R2 56.39
R1 55.60

PP 55.21

S1 54.42
S2 54.03
S3 52.85

…………………………..GLTA

[ask2lern]

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

Russell 2000 gives up month's gains

The major indexes were down across the board yesterday, with the Russell 2000 again the weakest.

The Russell 2000 was down 12.86, or 1.56 percent, to 810.94. This was its lowest close since Feb. 1, giving up the gains of the month. The S&P 500 and the Nasdaq 100 saw intraday multi-year highs before reversing lower.

The SPX was down 6.5, or 0.47 percent, to 1365.68. This brings it back to the opening range from Monday as it still holds considerable gains for the month and year.

The NDX was down 10.36, or 0.39 percent, to 2623.1. It remains above yesterday's open.

The CBOE Volatility Index rose 2.62 percent to 18.43. The March VIX futures were up just 1 percent to 21.05, but the rest of the VIX futures actually lost ground on the day.

Nasdaq 100 (NDX)
Support is 2596.5, 2551.35, and 2532.26. Resistance is at 2634.23 and 2645.2.

S&P 500 (SPX)
Support is at 1361.7, 1341.22, and 1300.49. Resistance is at 1373.09 and 1378.04.

Russell 2000 (RUT)
Support is 810.19 and 800.22. Resistance levels are 824.46 and 843.40.

[ask2lern]

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

Europe PMI, job data lead calendar

Today's economic calendar is crowded today with European data and several key U.S. reports.

The news begins overnight when France, Germany, and the Eurozone release their purchasing managers indexes. Most European economic data has been stronger than expected recently, and another positive reading could lift sentiment early.

U.S. retailers will announce monthly same-store sales throughout the morning, which could trigger significant volatility in the retail sector before the bell.

At 8:30 a.m. ET, the Labor Department will report initial weekly jobless claims. Economists expect an increase to 355,000 from 351,000 last week. A bigger-than-expected number would be bearish, while a smaller one would be viewed favorably.

Personal spending and personal incomes will be released at the same time. These seldom move markets, and the impact will probably be overshadowed by the retail reports and unemployment claims.

The news continues at 10 a.m. ET when Fed Chairman Ben Bernanke returns to Capitol Hill for more testimony on the economy and monetary policy. Also at that hour, the Institute for Supply Management will release its closely watched manufacturing index for February. Economists expect a reading of 54.6, up from the previous month's 54.1.

The Energy Informational Administration will report weekly changes in natural-gas inventories at 10:30 a.m. ET.
In the afternoon, auto makers will also announce figures on monthly vehicle sales. That could move the shares of companies such as Ford, General Motors, and Toyota.

[ask2lern]

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

VIX higher but shows unusual action

The CBOE Volatility Index ended yesterday up 2.62 percent to 18.43 as the S&P 500 gave up ground, but the action was a bit unusual.

The VIX hit its session low shortly after the open at 17.53 and suddenly spiked up to 18.75. It then retested that morning low before climbing into the close.

But most interesting was its muted response and lower high into the close as the S&P 500 pushed to its low of the day. The SPX finished down 0.47 percent to 1365.68.

The VIX futures also showed a tepid response. Contracts climbed on the first drop in the SPX but remained in negative territory through the end of the day, with the exception of the front-month futures.

Those March contracts finished the day up 1 percent to 21.05, but the rest of the futures were lower. April was down 0.4 percent to 23.95, and May fell to 25.60.

The oddities continued in the VIX-based exchange-traded funds and notes. Both the iPath S&P 500 VIX Short-Term Futures (VXX) exchange-traded note and Credit Suisse VelocityShares Daily 2x VIX Short-Term Futures Fund (TVIX) are based on the same index and trade in the two nearest-month futures, but the recent suspension of new shares in the TVIX has it diverging.

The VXX was down 1.28 percent to 18.43, while the TVIX was up 0.72 percent to 16.72.

[ask2lern]

zortrades þ @zortrades
$COMPQ stks.co/2cv0 Nasdaq vs stocks above 20day...part of the reasons why b/o's were stalling

[Clinton SPX]

QQQ up twice as much as SPY premarket
They didnt dump going into the close yesterday
today should be a techy kind of rally

[timber]

here we go

pretty good jobless claims

[timber]

personal income below est.

[herceg1967]

Mar 1, 2012 8:20:18 GMT -5 Clinton SPX said:

QQQ up twice as much as SPY premarket
They didnt dump going into the close yesterday
today should be a techy kind of rally

It will not last...............sell the pops..........JMO.......

[huh?]

Mar 1, 2012 8:35:05 GMT -5 herceg1967 said:

Mar 1, 2012 8:20:18 GMT -5 Clinton SPX said:

QQQ up twice as much as SPY premarket
They didnt dump going into the close yesterday
today should be a techy kind of rally

It will not last...............sell the pops..........JMO.......

Have to agree. EUR/USD is getting dumped hard last 24 hours. There must be some really bad news coming within next couple days.

[Clinton SPX]

9% boost on walmart div

[Clinton SPX]

BAC is hot today so far

[Clinton SPX]

VIX sure is low

[brosin]

morning gang and thanks for the info!

i notice that copper is quite green despite the dollar being fairly green as well.

also noticed that copper didn't get hit nearly as hard yesterday as the other metals, and the chart doesn't look bad at all. gotta be a good sign in my book

finviz.com/futures_charts.ashx?t=HG

[dino]

fwiw - djt 50 day 5182. high so far 5178.

[Clinton SPX]

i love how gold and silver are usually higher during the asia markets

[Clinton SPX]

check out ENTR I own it, it looks like it ready to rock

[timber]

Mar 1, 2012 9:39:35 GMT -5 Clinton SPX said:

VIX sure is low

be careful if your in tvix or vxx....i think we see a huge drop soon

[timber]

Mar 1, 2012 9:37:25 GMT -5 Clinton SPX said:

BAC is hot today so far

honestly i have no idea why people go against buffet....he is the richest man in the world and has seen it it all....makes no sense to me

[Clinton SPX]

wow, my account just crashed. They better fix this shit fast

[Clinton SPX]

Currently, you do not have any stock or ETF positions.

not good

[jack]

kaBOOm

[Clinton SPX]

ok back in action
was worried there

[herceg1967]

Mar 1, 2012 9:58:15 GMT -5 Clinton SPX said:

wow, my account just crashed. They better fix this shit fast

Scottrade I bet.............

[herceg1967]

Mar 1, 2012 9:55:36 GMT -5 timber said:

Mar 1, 2012 9:37:25 GMT -5 Clinton SPX said:

BAC is hot today so far

honestly i have no idea why people go against buffet....he is the richest man in the world and has seen it it all....makes no sense to me

You are living in the past if you rely on what someone did way back when............

[Clinton SPX]

UUP dropping
look out above

[dino]

big spy volume on the way down (again). wimpy volume on the way up. back in some puts for next week.