PPDT - 03/07/2012 Wednesday - PP-XLF = 14.49

[ask2lern]

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


GOLD


R3 1722.23
R2 1698.33
R1 1686.97

PP 1674.43

S1 1663.07
S2 1650.53
S3 1626.63


SILVER

R3 35.48
R2 34.16
R1 33.60

PP 32.84

S1 32.28
S2 31.52
S3 30.20


IWM

R3 81.34
R2 80.13
R1 79.44

PP 78.92

S1 78.23
S2 77.71
S3 76.50




TNA

R3 59.03
R2 56.48
R1 54.99

PP 53.93

S1 52.44
S2 51.38
S3 48.83



TZA

R3 22.76
R2 21.87
R1 21.50

PP 20.98

S1 20.61
S2 20.09
S3 19.20


SDS

R3 17.15
R2 16.89
R1 16.78

PP 16.63

S1 16.52
S2 16.37
S3 16.11

SSO

R3 55.03
R2 54.16
R1 53.69

PP 53.29

S1 52.82
S2 52.42
S3 51.55

…………………………..GLTA

[ask2lern]

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

Indexes break below support levels

The major indexes fell through support levels yesterday as fears of a Eurozone economic contraction sent investors fleeing to the safety of the dollar.

The S&P 500 and the Nasdaq 100 saw their worst declines of 2012, both dropping more than 1.5 percent at their lows. The Russell 2000 fell even more.

The SPX took out previous support at 1360, finding a bottom at 1340.03 before closing slightly off the session low. It closed at 1343.36, down 1.54 percent on the day.

The NDX traded down to the 2575.13 level shortly after the open, which ended up being the low of the day. It proved to be the stronger index, finishing the session off 0.99 percent to 2588.95.

The RUT closed just off its low at 787.09, down 2.06 percent, breaking previous support of 795. The small-cap index has lost some 43 points in the last week.

S&P 500
Support is now 1340.03 (yesterday's low), then 1335.17.

Resistance is now 1345, then 1347.48.

Nasdaq 100
Support is now 2575.13 (yesterday's low), then 2570.07.

Resistance is now 2592.85, then 2605.59.

Russell 2000
Support is now 785.41 (yesterday's low), then 780.

Resistance is now 789.68, then 792.05.

[ask2lern]

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

Employment numbers lead calendar

Today's economic calendar will focus primarily on the ADP employment numbers for February, as well as crude inventories.

The first report of the day is MBA purchase applications, scheduled for 7:30 a.m. ET. There is no forecast for this mortgage data, which came in at -0.03 percent in its last reading.

The Challenger job-cut report is also due at 7:30 a.m. ET. This release tracks layoffs that have been announced but not yet made, so it is often viewed as a leading indicator for employment. There is no forecast for this report, which showed a 38.9 percent gain in the last reading.

The ADP employment number will be released at 8:15 a.m. ET. The consensus forecast calls for growth of 218,000 jobs for February. This report has has the highest probability of moving the futures in pre-market trading.

Productivity and Costs is scheduled for 8:30 a.m. ET. A reading of 0.9 percent is expected for non-farm productivity, while 1.2 percent is forecast for unit labor costs.

The Energy Information Administration, which provides weekly status report on oil supplies and demand, will come out at 10:30 a.m. ET. A draw down on crude inventories historically results in a rise in prices, while a build usually sends prices lower.

A late-day release that has the potential to move markets in the last hour is consumer credit for January, set to be released at 3 p.m. ET. Analysts are expecting between $10 billion and $12.5 billion, compared with the previous $19.5 bilion.

[ask2lern]

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

SPX drop sends VIX surging above 20

The CBOE Volatility Index finished the day up 15.62 percent to 20.87 as the S&P 500 was fell 21 points to 1343.

The VIX came in off its high of 21.25 in the early afternoon as the SPX bounced off its low of 1340. The two indexes usually move inversely.

The VIX futures were up across the board, though by diminishing percentages in later months. The March futures were up 11.4 percent to 22.45; the April futures were up 6.8 percent to 25.25; and the August futures were up just 0.7 percent to 28.80.

The VIX-based exchange-traded funds and notes continue to show unusual activity. The iPath S&P 500 VIX Short-Term Futures (VXX) exchange-traded note was up 8 percent while the ProShares Trust Ultra VIX Short (UVXY) exchange-traded fund was up 15.6 percent, both expected returns.

But the VelocityShares Daily 2X VIX Short-Term (TVIX) exchange-traded note, which should have a return in line with the UVXY, was up only 5.44 percent just when a pop would have been expected.

[kryptos2009]

Thanks Ask!!!!!

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=14.49
MP=14.54 R1=14.58 MP=14.65 R2=14.71 MP=14.82 R3=14.93 MP=15.04 R4=15.15
MP=14.43 S1=14.36 MP=14.32 S2=14.27 MP=14.16 S3=14.05 MP=13.94 S4=13.83
O=14.58 H=14.62 L=14.4 C=14.45

FAS PP=87.00
MP=87.69 R1=88.37 MP=89.46 R2=90.55 MP=92.32 R3=94.10 MP=95.87 R4=97.65
MP=85.91 S1=84.82 MP=84.14 S2=83.45 MP=81.67 S3=79.90 MP=78.12 S4=76.35
O=88.67 H=89.17 L=85.62 C=86.2

FAZ PP=26.62
MP=26.91 R1=27.20 MP=27.40 R2=27.59 MP=28.07 R3=28.56 MP=29.04 R4=29.53
MP=26.43 S1=26.23 MP=25.94 S2=25.65 MP=25.16 S3=24.68 MP=24.19 S4=23.71
O=26.16 H=27 L=26.03 C=26.82

SPY PP=134.85
MP=135.09 R1=135.33 MP=135.63 R2=135.92 MP=136.45 R3=136.99 MP=137.52 R4=138.06
MP=134.56 S1=134.26 MP=134.02 S2=133.78 MP=133.24 S3=132.71 MP=132.17 S4=131.64
O=135.35 H=135.43 L=134.36 C=134.75

SPG PP=137.18
MP=137.47 R1=137.75 MP=138.25 R2=138.75 MP=139.54 R3=140.32 MP=141.11 R4=141.89
MP=136.68 S1=136.18 MP=135.90 S2=135.61 MP=134.83 S3=134.04 MP=133.26 S4=132.47
O=137.34 H=138.19 L=136.62 C=136.74

GS PP=114.34
MP=114.96 R1=115.57 MP=116.52 R2=117.47 MP=119.04 R3=120.60 MP=122.17 R4=123.73
MP=113.39 S1=112.44 MP=111.83 S2=111.21 MP=109.65 S3=108.08 MP=106.52 S4=104.95
O=116.12 H=116.24 L=113.11 C=113.67

JPM PP=39.44
MP=39.60 R1=39.75 MP=39.97 R2=40.19 MP=40.56 R3=40.94 MP=41.31 R4=41.69
MP=39.22 S1=39.00 MP=38.85 S2=38.69 MP=38.31 S3=37.94 MP=37.56 S4=37.19
O=39.45 H=39.87 L=39.12 C=39.32

MS PP=17.46
MP=17.57 R1=17.68 MP=17.86 R2=18.04 MP=18.33 R3=18.62 MP=18.91 R4=19.20
MP=17.28 S1=17.10 MP=16.99 S2=16.88 MP=16.59 S3=16.30 MP=16.01 S4=15.72
O=17.77 H=17.82 L=17.24 C=17.32

C PP=32.28
MP=32.54 R1=32.79 MP=33.13 R2=33.46 MP=34.05 R3=34.64 MP=35.23 R4=35.82
MP=31.95 S1=31.61 MP=31.36 S2=31.10 MP=30.51 S3=29.92 MP=29.33 S4=28.74
O=32.76 H=32.95 L=31.77 C=32.12

VIX PP=20.79
MP=21.04 R1=21.29 MP=21.51 R2=21.73 MP=22.20 R3=22.67 MP=23.14 R4=23.61
MP=20.57 S1=20.35 MP=20.10 S2=19.85 MP=19.38 S3=18.91 MP=18.44 S4=17.97
O=20.57 H=21.24 L=20.3 C=20.84

UUP PP=22.22
MP=22.24 R1=22.25 MP=22.26 R2=22.26 MP=22.28 R3=22.30 MP=22.32 R4=22.34
MP=22.22 S1=22.21 MP=22.20 S2=22.18 MP=22.16 S3=22.14 MP=22.12 S4=22.10
O=22.23 H=22.24 L=22.2 C=22.23

FROM: www.econoday.com

Economic Events & Analysis - 03/07/2012 Wednesday


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 Productivity and Costs
10:30 AM ET EIA Petroleum Status Report
3:00 PM ET Consumer Credit


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.

[Clinton SPX]

wow did oil just drop

[Clinton SPX]

guy on bloom trying to scare everyone on Greece

[jack]

Sold my AAPL long: +79%

;D

[Clinton SPX]

Oil still dropping
oh damn <sarc>

[Clinton SPX]

JPM looking solid so far

[Clinton SPX]

2 tails on Gold silver

[Clinton SPX]

come on mr market you can rally

[jack]

Mar 7, 2012 9:43:51 GMT -5 Clinton SPX said:

2 tails on Gold silver

lower I presume(?)

[Clinton SPX]

JPM HOD
go baby go

[jack]

Mar 7, 2012 9:44:36 GMT -5 Clinton SPX said:

come on mr market you can rally

Mr Market (the SPY) now at its 50ma(10min).....BELOW it.

[Clinton SPX]

Mar 7, 2012 9:44:44 GMT -5 jack said:

Mar 7, 2012 9:43:51 GMT -5 Clinton SPX said:

2 tails on Gold silver

lower I presume(?)

now Jack you know I dont call wicks tails
tails are always bullish (unless they dont confirm)

[Clinton SPX]

euro may ruin this though

[jack]

Mar 7, 2012 9:47:09 GMT -5 Clinton SPX said:

Mar 7, 2012 9:44:44 GMT -5 jack said:

lower I presume(?)

now Jack you know I dont call wicks tails
tails are always bullish (unless they dont confirm)

I'm gonna write that down!

[timber]

funny how it bounced off 1340 exactly just like they told me it would.....according to most we should get some more downside this month before heading up again....but im not shorting anything at the moment

[Clinton SPX]

JPM new HOD

[Clinton SPX]

topping tail is an oxymoron that I dont use

[jack]

Mar 7, 2012 9:50:13 GMT -5 jack said:

Mar 7, 2012 9:47:09 GMT -5 Clinton SPX said:

now Jack you know I dont call wicks tails
tails are always bullish (unless they dont confirm)

I'm gonna write that down!

....but I must say that I will miss using "topping tails"....reminds me of younger days somehow I guess...

[Clinton SPX]

JPM is gonnadrag this market up
PPT in action

[Clinton SPX]

VIX LOD

[Clinton SPX]

and there go the algos
JPM did it
weeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[jack]

SPYs thru its 50ma10min

[Clinton SPX]

transports blinking HOD good sign

[Clinton SPX]

traders on Bloom saying super tuesday gave clarity.
Really? so full of shit

[jack]

Not much room for the $USD to lose before it (UUP) hits its 50ma(10min)....but I guess it could just cycle around here and still keep the Market happy.

[Clinton SPX]

Mar 7, 2012 9:56:09 GMT -5 jack said:

SPYs thru its 50ma10min

bears pouncing
must get over and confirm