PPDT - 03/05/2012 Monday - PP-XLF = 14.89

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=14.89
MP=14.92 R1=14.94 MP=14.97 R2=15.00 MP=15.06 R3=15.11 MP=15.17 R4=15.22
MP=14.86 S1=14.83 MP=14.81 S2=14.78 MP=14.73 S3=14.67 MP=14.62 S4=14.56
O=14.92 H=14.96 L=14.85 C=14.87

FAS PP=93.56
MP=93.94 R1=94.31 MP=94.96 R2=95.61 MP=96.63 R3=97.66 MP=98.68 R4=99.71
MP=92.91 S1=92.26 MP=91.89 S2=91.51 MP=90.48 S3=89.46 MP=88.43 S4=87.41
O=94.26 H=94.85 L=92.8 C=93.02

FAZ PP=24.86
MP=25.03 R1=25.19 MP=25.29 R2=25.39 MP=25.65 R3=25.92 MP=26.18 R4=26.45
MP=24.76 S1=24.66 MP=24.50 S2=24.33 MP=24.06 S3=23.80 MP=23.53 S4=23.27
O=24.67 H=25.05 L=24.52 C=25

SPY PP=137.38
MP=137.57 R1=137.75 MP=137.98 R2=138.20 MP=138.61 R3=139.02 MP=139.43 R4=139.84
MP=137.16 S1=136.93 MP=136.75 S2=136.56 MP=136.15 S3=135.74 MP=135.33 S4=134.92
O=137.64 H=137.82 L=137 C=137.31

SPG PP=137.05
MP=137.39 R1=137.73 MP=137.97 R2=138.20 MP=138.78 R3=139.35 MP=139.93 R4=140.50
MP=136.82 S1=136.58 MP=136.24 S2=135.90 MP=135.33 S3=134.75 MP=134.18 S4=133.60
O=136.6 H=137.53 L=136.38 C=137.25

GS PP=120.67
MP=121.07 R1=121.47 MP=122.23 R2=122.99 MP=124.15 R3=125.31 MP=126.47 R4=127.63
MP=119.91 S1=119.15 MP=118.75 S2=118.35 MP=117.19 S3=116.03 MP=114.87 S4=113.71
O=121.41 H=122.18 L=119.86 C=119.96

JPM PP=40.58
MP=40.76 R1=40.93 MP=41.08 R2=41.23 MP=41.56 R3=41.88 MP=42.21 R4=42.53
MP=40.43 S1=40.28 MP=40.11 S2=39.93 MP=39.61 S3=39.28 MP=38.96 S4=38.63
O=40.43 H=40.88 L=40.23 C=40.63

MS PP=19.04
MP=19.15 R1=19.25 MP=19.44 R2=19.63 MP=19.93 R3=20.22 MP=20.52 R4=20.81
MP=18.85 S1=18.66 MP=18.56 S2=18.45 MP=18.16 S3=17.86 MP=17.57 S4=17.27
O=19.22 H=19.42 L=18.83 C=18.87

C PP=34.22
MP=34.29 R1=34.36 MP=34.49 R2=34.62 MP=34.82 R3=35.02 MP=35.22 R4=35.42
MP=34.09 S1=33.96 MP=33.89 S2=33.82 MP=33.62 S3=33.42 MP=33.22 S4=33.02
O=34.25 H=34.48 L=34.08 C=34.1

VIX PP=17.36
MP=17.47 R1=17.58 MP=17.73 R2=17.87 MP=18.13 R3=18.38 MP=18.64 R4=18.89
MP=17.22 S1=17.07 MP=16.96 S2=16.85 MP=16.60 S3=16.34 MP=16.09 S4=15.83
O=17.65 H=17.65 L=17.14 C=17.29

UUP PP=22.11
MP=22.13 R1=22.14 MP=22.16 R2=22.17 MP=22.20 R3=22.23 MP=22.26 R4=22.29
MP=22.10 S1=22.08 MP=22.07 S2=22.05 MP=22.02 S3=21.99 MP=21.96 S4=21.93
O=22.09 H=22.14 L=22.08 C=22.11

FROM: www.econoday.com

Economic Events & Analysis - 03/05/2012 Monday


10:00 AM ET Factory Orders
10:00 AM ET ISM Non-Mfg Index
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.

[ask2lern]

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


GOLD


R3 1739.53
R2 1725.33
R1 1718.67

PP 1711.13

S1 1704.47
S2 1696.93
S3 1682.73


SILVER

R3 36.57
R2 35.66
R1 35.24

PP 34.75

S1 34.33
S2 33.84
S3 32.93


IWM

R3 84.18
R2 82.38
R1 81.31

PP 80.58

S1 79.51
S2 78.78
S3 76.98




TNA

R3 65.28
R2 61.38
R1 59.05

PP 57.48

S1 55.15
S2 53.58
S3 49.68



TZA

R3 22.29
R2 21.03
R1 20.52

PP 19.77

S1 19.26
S2 18.51
S3 17.25


SDS

R3 16.42
R2 16.23
R1 16.15

PP 16.04

S1 15.96
S2 15.85
S3 15.66

SSO

R3 56.68
R2 56.02
R1 55.67

PP 55.36

S1 55.01
S2 54.70
S3 54.05

…………………………..GLTA

[ask2lern]

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

Russell 2000 leads declines in indexes

Profit-taking hit the major indexes Friday as the dollar remained firm.

Thursday's late-day rally failed to carry over into the session as the S&P 500 declined 0.32 percent to close at 1369.63. The Russell 2000 saw the worst declines, losing 1.57 percent to finish at 802.42.

The Nasdaq 100 fared the best, declining only 0.07 percent to close at 2641.58. The NDX's largest component, Apple, remained firm at the $545 level, while Microsoft hit a new 2012 intraday high of $32.44. The NDX was the only index to make a new 2012 high Friday, hitting 2650 shortly after the open.

The market pullback was exacerbated by a strong dollar against the euro. U.S. dollar futures closed up nearly 1 percent to settle at 79.49, their highest level in nearly a week. Because of this strength, commodity markets were lower across the board, sending the iShares Silver Trust (SLV) down 1.97 percent to $33.76 and the SPDR Gold Trust (GLD) down 0.16 to $166.34.

Crude oil futures reversed their sharp rise to close below the $107 level after trading as high as $110.55 on Thursday. The widely followed U.S. Oil Fund (USO), which tracks crude prices, dropped 2.35 percent $40.77.

S&P 500 (SPX)
Support is 1366.48 and 1365. Resistance remains 1375 and then 1378.04 (2012 high).

Nasdaq 100 (NDX)
Support is 2634.52 (Friday's low) and 2625.42. Resistance remains 2650 (Friday's high).

Russell 2000 (RUT)
Support is 800.13, then 798.45. Resistance is 810, then 820.

[ask2lern]

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

Manufacturing, factory reports on tap

Two economic numbers set to kick off the week

There are only two releases on today's economic calendar.

First up is the ISM non-manufacturing index for February at 10 a.m. ET. Analysts are expecting a print of 56.8 percent, unchanged from the previous reading. Estimates range from 54.5 to 58 percent. Last Thursday, the ISM manufacturing index fell to 52.4 in February from 54.1 in January.

Also coming out at 10 a.m. ET is January factory orders, which has a stronger potential to move markets. The consensus forecast is -1.6 percent, among estimates ranging from -2.2 percent to 0.5 percent. Because the number is expected to be soft, markets could react positively if it comes in better than anticipated.

[ask2lern]

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

VIX futures surge on pullback in SPX

The CBOE Volatility Index finished last week at 17.29, barely higher on Friday's session while the VIX futures outpaced that gain.

The small rise in the volatility index came as the S&P 500 gave up 0.32 percent to close at 1369.63. It is not surprising that the VIX wasn't up more, as the SPX options are priced down for the weekend time decay, and the actual volatility for the SPX is less than 9 percent. The VIX and the SPX usually move inversely.

The March and April VIX futures were both up 1.5 percent to 20.35 and 23.65 respectively. The gains increased in later-dated contracts, as the June, July, and August futures were all up more than 2.5 percent to 26.55, 27.75, and 28.3 respectively, increasing the spread between the various futures--known as the contango, when it is upward sloping this way.

[ask2lern]

redliontrader þ @redliontrader
Is the correction over? What correction.. checkout the breadth $study bit.ly/yPsVjX

[ask2lern]

Dynamic Hedge þ @dynamichedge
Choose Your Own Adventure: SPX 2013 - bit.ly/AAyJ8w

[cosmic]

Soxl down 3%+ premarket. That's nuts!

[Clinton SPX]

slower growth out of china
ONLY <sarc> 7% is the new target

[timber]

i think slower growth out of china is good for us equaties.....china is now consuming more

[trading4dough]

gtsu all

hope you are banking lots of coin

been a ride the past couple months

threw an update in the saloon

ttyl

[cosmic]

Mar 5, 2012 9:19:10 GMT -5 trading4dough said:

gtsu all

hope you are banking lots of coin

been a ride the past couple months

threw an update in the saloon

ttyl

Going to look now good to see you

[ask2lern]

HFTAlert þ @hftalert
algos quiet..seeing some buying into the lows..prob. covering $SPY stks.co/2fnT

[ask2lern]

Stocktwits þ @stocktwits
@street_Insider Feb. ISM Non-Manufacturing Index: Up to 57.3, vs. Cons. 56.0 $$

[ask2lern]

Rick Xiphos þ @xiphos_Trading
$QQQ stks.co/2foM Weak openings closed higher than the open 15/16 times this year. Hard to bet against that.

[Clinton SPX]

Market sure feels beary but its so boring makes me think we run out of sellers soon

[ask2lern]

I am still using 136.79 as S on SPY as long as we do not break lower on volume and hold it for 5-10 min I expet all is well for more up..............................

[ask2lern]

VIX rise is a bit concerning IMO.......................

[Clinton SPX]

rah ro spoke too soon

[ask2lern]

Mar 5, 2012 10:15:39 GMT -5 ask2lern said:

I am still using 136.79 as S on SPY as long as we do not break lower on volume and hold it for 5-10 min I expet all is well for more up..............................

Volume picking up here most expecting a BTD save................not me......................

[Clinton SPX]

FLOW dont care bout no sell off

[Clinton SPX]

Off to work
BBL
GL traders

[crumbdon]

OK, what gives? Most big banks off 1.0-2.3%, yet RIFIN only down 0.5? Now that's some fuzzy math.

Anyone have an explanation?

[crumbdon]

Mar 5, 2012 10:37:16 GMT -5 crumbdon said:

OK, what gives? Most big banks off 1.0-2.3%, yet RIFIN only down 0.5? Now that's some fuzzy math.

Anyone have an explanation?

Nevermind--got my answer. AIG +3.3% 4.3%

[ask2lern]

Weekly SPY 140 PUTS very active today vol so far is 18K on OI of 1.2K.......................

[huh?]

Took some profits on TZA today...looks like IWM hit some support.

[herceg1967]

Wow, Bloomberg very optimistic..........

Stocks Cheaper Than Any U.S. Peak in 23 Years
By Whitney Kisling - Mar 5, 2012 9:38 AM ET

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Corporate profits that doubled since 2009 have left the Standard & Poor’s 500 Index cheaper than at all 34 peaks since 1989, even as options traders push the cost of protecting against losses to the highest in four years.
Companies in the benchmark gauge of U.S. stocks trade for 14.1 times earnings after advancing 102 percent since March 2009 to an almost four-year high last week, data compiled by Bloomberg show. Valuations are lower than at every 52-week peak since 1989. Traders have pushed the price of contracts that pay should the S&P 500 drop 20 percent to the most since 2007 compared with ones betting on a rally of the same size.
Enlarge image
Traders work on the floor of the New York Stock Exchange on March 2, 2012. Photographer: Richard Drew/AP

Play Video
March 2 (Bloomberg) -- Michael A. Gayed, the chief investment strategist at Pension Partners LLC, talks about the outlook and performance of retailer and consumer stocks. Gayed speaks with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Play Video
March 2 (Bloomberg) -- James McCaughan, chief executive officer of Principal Global Investors, talks about the outlook for Europe's sovereign-debt crisis and the possible impact on global stock markets. He speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
Enlarge image
The S&P 500 climbed 0.3 percent to 1,369.63 last week and closed at 1,374.09 on March 1, the highest since 2008. Photographer: Tim Boyle/Bloomberg
Rising oil prices and concern European leaders have yet to contain the credit crisis are keeping investors from paying more for profits, which are projected to reach annual records through 2013. Bears say equities aren’t cheap because the profit estimates are too optimistic. Bulls say shrinking price-earnings ratios provide a margin of safety should gains in the U.S. economy fail to match forecasts.
“Stocks have just gotten too cheap,” Paul Zemsky, the New York-based head of asset allocation for ING Investment Management, said in a telephone interview. His firm oversees $160 billion. “We were worrying about a Chinese hard landing that didn’t happen. We worried about a U.S. double dip and that didn’t happen. We worried about Europe disintegrating, that didn’t happen. The worst risks have passed.”
Weekly Gain
The S&P 500 climbed 0.3 percent to 1,369.63 last week and closed at 1,374.09 on March 1, the highest since 2008, as jobless claims fell to a four-year low and consumer confidence improved. The gauge slipped 0.3 percent to 1,365.66 at 9:36 a.m. New York time today.
The index was 6 points above its 2011 high of 1,363.61 last week, even as its price-earnings ratio fell from 15.6. Companies from Abbott Laboratories (ABT) in Abbott Park, Illinois, to Memphis, Tennessee-based International Paper Co. (IP) have rallied while valuations shrunk.
Profits grew 99 percent between the end of 2009 and 2011, and are forecast to rise another 12 percent this year and 13 percent next, data compiled by Bloomberg show.
Nine quarters of earnings growth have outpaced the index’s advance, leaving valuations 14 percent below the five-decade average of 16.4. The price-earnings ratio hasn’t been this low while the index was at a 52-week high in 23 years, according to data compiled by Bloomberg that excludes peaks that occurred within a month of one another.
Stay Away
Investors are shunning equities after one of the most volatile years on record, a period when 10-year U.S. Treasury bonds returned 9.8 percent compared with nothing for stocks. Concern Greece would default on its debt, six increases to lender reserve requirements by the People’s Bank of China and U.S. unemployment above 9 percent sent the S&P 500 down more than 19 percent between April and October before recovering.
“What you’re seeing is a gigantic exercise in behavioral finance,” Brian Barish, who helps oversee about $7 billion as Denver-based president of Cambiar Investors LLC, said of the multiple in a Feb. 29 phone interview. “It isn’t fair, but it is understandable. The ability to scare the hell out of people is much greater than the ability to attract them to equities.”
Options traders have increased bearish bets even as shares gained and earnings exceeded estimates by 3.1 percent in the fourth quarter. Six-month puts to protect against a 20 percent decline in the S&P 500 have an implied volatility of 29.09. That’s 2.2 times higher than calls to bet on a 20 percent gain, Bloomberg data on the price relationship known as skew show.
Peak Margins
Low valuations and rising options costs reflect investor concern about earnings after profit margins in the S&P 500 rose nine straight quarters and reached 14 percent between October and December, said Eric Teal, who manages $4 billion at First Citizens Bancshares Inc. Profitability has only been higher during five quarters in 2006 and 2007 and one in 1999. In both cases, the S&P 500 was in a bear market within a year.
Margins averaged 10 percent between 1991 and 2006, according to data compiled by Bloomberg.
“There is an underlying concern that profit margins have peaked and will begin to contract in coming years,” Teal, the Raleigh, North Carolina-based chief investment officer, said Feb. 28. “Thus, investors are unwilling to pay up for earnings that are clouded with uncertainty.”
Bearish Bets
For Keith Wirtz, who oversees $14.6 billion as chief investment officer for Fifth Third Asset Management in Cincinnati, there’s little surprise in options rising after the S&P 500 gained 25 percent in five months. The last time bearish bets were this high relative to bullish ones was in May 2007. The S&P 500 reached the highest price-earnings ratio in two years the following month and a record high of 1,565.15 in October 2007. What followed was the worst financial crisis since the Great Depression, with equity losses of 57 percent through March 2009.
“You’ve got risk coming from everywhere,” Wirtz said in a Feb. 29 phone interview. “That’s why the markets are skittish. You can’t put a measurement against those risks. How do you put probabilities on these kinds of outcomes? You just have to discount the worst, which is what they’re doing.”
The rally that restored more than $3.2 trillion to U.S. equity value since October is pushing up indicators used by analysts who use charts to predict future prices. About two- thirds of New York Stock Exchange-listed companies closed last week above their 200-day moving average. The 14-day relative strength index for the S&P 500, which compares the magnitude of gains and losses, has exceeded 70 on 13 days since Jan. 25. Some investors use that level as a signal a rally has come too far, too fast.
Reaching Peaks
Of the 500 companies in the benchmark equity gauge, 67 reached 52-week highs last week, data compiled by Bloomberg show. That compares with 31 in the same week last year. Shares of Abbott, the maker of nutritional drinks, heart stents and drugs, reached the highest level in three years, even as its earnings multiple shrunk to 12.1 from 12.6 in May, data compiled by Bloomberg show. Profits excluding some items increased 12 percent a year since 2009 while shares rose an average 2.4 percent each year.
International Paper’s earnings haven’t trailed analyst forecasts since 2008 and the stock reached its highest price since November 2007 last week. The world’s largest pulp and paper producer’s price-earnings ratio fell 35 percent in the past 12 months to 10.1, data compiled by Bloomberg show.
Target Earnings
Annual profit at Target Corp. (TGT), the second-largest U.S. discount retailer, has climbed 15 percent on average since fiscal 2010. Even after reaching an almost 14-month high on March 1, the shares are trading at 13.5 times earnings, compared with 13.6 in October and the average of 19 since 1990.
“A number of recent trends have emerged which should support stronger corporate profits, including better U.S. economic data, less-severe results in Europe, higher oil prices and reduced financial sector stress,” Jonathan Golub, chief U.S. market strategist at UBS Securities LLC in New York, wrote last week, raising his year-end estimate for the S&P 500 to 1,475 from 1,325. “Conditions support further increases in both earnings and stock prices.”
To contact the reporter on this story: Whitney Kisling in New York at [e-mail]

[herceg1967]

Ouch on AAPL....down 13............

[crumbdon]

Thanks to AIG/ insurers, fins not getting hit very hard today. When we turn around later today for the inevitable Mon afternoon run, FAS is gonna make a strong run from here.

UNLESS, of course, the bears can keep it down all day long....

[Clinton SPX]

ITMS was talking bout shorting IBM
I think its only dow thats green hehe