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Post by ask2lern on Mar 8, 2012 7:15:41 GMT -5
Good Morning Gang Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD
R3 1737.43 R2 1711.23 R1 1698.27
PP 1685.03
S1 1672.07 S2 1658.83 S3 1632.63
SILVER
R3 35.25 R2 34.28 R1 33.90
PP 33.31
S1 32.93 S2 32.34 S3 31.37
IWM
R3 80.83 R2 80.05 R1 79.77
PP 79.27
S1 78.99 S2 78.49 S3 77.71
TNA
R3 57.72 R2 56.16 R1 55.57
PP 54.60
S1 54.01 S2 53.04 S3 51.48
TZA
R3 21.92 R2 21.30 R1 20.90
PP 20.68
S1 20.28 S2 20.06 S3 19.44
SDS
R3 16.95 R2 16.71 R1 16.56
PP 16.47
S1 16.32 S2 16.23 S3 15.99
SSO
R3 55.37 R2 54.59 R1 54.26
PP 53.81
S1 53.48 S2 53.03 S3 52.25
…………………………..GLTA
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Post by ask2lern on Mar 8, 2012 7:17:15 GMT -5
from www.optionmonster.com ........................GLTA Rebounding indexes regain key levelsEquity indexes rebounded yesterday to finish the session on a high note. The S&P 500 halved Tuesday's losses, rallying 0.69 percent to close at 1352.63. Investors greeted the morning's ADP employment report with buy orders, sparking a sharp move over the index's 1350 resistance level. The Russell 2000 outperformed the large-cap indexes, closing out the day up 1.13 percent at 795.95. The RUT saw steep losses on Tuesday but quickly regained the key 790 level shortly after the open. That level is now support. The Nasdaq 100 kept pace with the S&P 500 even as its largest component, Apple, saw volatile trading around its late-afternoon iPad event. The NDX gained 0.73 percent to end the day at 2607.85, well over the key technical and psychological 2600 level. S&P 500Support is now 1350, then 1347.65. Resistance is now 1355, then 1355.83. Nasdaq 100 Support is now 2600, then 2595.40. Resistance is now 2614.20 (Tuesday's high), then 2620. Russell 2000Support is now 790, then 787.49 (Tuesday's close). Resistance is now 796.62 (Tuesday's open), then 800.
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Post by ask2lern on Mar 8, 2012 7:18:41 GMT -5
From www.optionmonster.com ......................GLTA Calendar focuses on employment dataToday's economic calendar will again focus on the job market. First on the docket is the Challenger job-cuts report for February 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. Jobless claims will be released at 8:30 a.m. ET. This report, which includes initial and continuing filings, will be the one watched most closely by traders. The consensus forecast calls for 351,000 initial claims. Going into that report, keep in mind that the ADP employment number yesterday came in slightly below expectations but that the market shrugged that data. So a bullish reading today could spark investor optimism. For continuing claims, a range 3.405 million to 3.45 million is expected, compared with the last report of 3.402 million. Both initial and continuing claims can move the market.
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Post by Clinton SPX on Mar 8, 2012 7:26:12 GMT -5
German Industrial Output Rises More Than Forecast on Construction: EconomyQ German industrial output increased more than economists forecast in January, rebounding from a December slump as construction activity jumped.
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Post by ask2lern on Mar 8, 2012 7:43:58 GMT -5
CNBC þ @cnbc CHALLENGER: FEBRUARY JOB CUTS DIP TO 51,758 vs. 53,486 In January
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Post by timber on Mar 8, 2012 7:52:16 GMT -5
fed likely to extend operation twist...on bloomy just now....interest rates likely to rise...
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Post by huh? on Mar 8, 2012 8:35:25 GMT -5
Frustrating morning in PM already...5 buy orders for short positions and 2 sell orders for long positions and not one has executed. I put in an order for UVXY WAY above the ask price, and nuttin'.
It's gonna be a long day me thinks.
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Post by timber on Mar 8, 2012 8:38:30 GMT -5
uvxy just split so that might be hard today...i cant get shares to short....have to look to tvix again
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Post by huh? on Mar 8, 2012 8:47:37 GMT -5
uvxy just split so that might be hard today...i cant get shares to short....have to look to tvix again Thanks Timber. Just got filled on a UVXY buy [gulp]
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Post by timber on Mar 8, 2012 9:26:25 GMT -5
im thinking inflation is projected to be up over 2 percent this year...the higher inflation coupled with an imporving economy might be enough to break that tlt chart and drive money back into stocks
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Post by timber on Mar 8, 2012 9:28:23 GMT -5
uvxy just split so that might be hard today...i cant get shares to short....have to look to tvix again Thanks Timber. Just got filled on a UVXY buy [gulp] good luck...i consider these types of trades to be one of the riskiest
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Post by huh? on Mar 8, 2012 9:30:15 GMT -5
Thanks Timber. Just got filled on a UVXY buy [gulp] good luck...i consider these types of trades to be one of the riskiest I definitely agree with that!
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Post by jack on Mar 8, 2012 9:32:10 GMT -5
im thinking inflation is projected to be up over 2 percent this year...the higher inflation coupled with an imporving economy might be enough to break that tlt chart and drive money back into stocks ...must need an eye examination - thought ya said "...to break that tit chart..."
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Post by ccash04 on Mar 8, 2012 9:36:41 GMT -5
going to play the gap fill, won't get long this push up until it decisively breaks above the recent highs, looks to be a bear flag.
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Post by Clinton SPX on Mar 8, 2012 9:39:09 GMT -5
SNSS up again today what a chart
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Post by Clinton SPX on Mar 8, 2012 9:43:14 GMT -5
spy looking gap and go so far
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Post by Clinton SPX on Mar 8, 2012 9:43:52 GMT -5
river theory on the 200ma10 so far
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Post by Clinton SPX on Mar 8, 2012 9:44:29 GMT -5
I love how the US market kicks the shit out of silver price every day
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Post by rex on Mar 8, 2012 9:44:37 GMT -5
going to play the gap fill, won't get long this push up until it decisively breaks above the recent highs, looks to be a bear flag. Unfortunately, bear patterns have not played out and are not working this year!
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Post by Clinton SPX on Mar 8, 2012 9:47:15 GMT -5
going to play the gap fill, won't get long this push up until it decisively breaks above the recent highs, looks to be a bear flag. Unfortunately, bear patterns have not played out and are not working this year! sad songs and waltzes arent selling this year
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Post by Clinton SPX on Mar 8, 2012 9:50:43 GMT -5
watch that 200ma10 on spy it might not hold and kill the river theory
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Post by Clinton SPX on Mar 8, 2012 9:51:20 GMT -5
I think JPM steps in and saves the rally again
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Post by brosin on Mar 8, 2012 9:54:40 GMT -5
going to play the gap fill, won't get long this push up until it decisively breaks above the recent highs, looks to be a bear flag. Hey welcome back CC hadn't seen you around in awhile
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Post by Clinton SPX on Mar 8, 2012 9:58:52 GMT -5
drop the peso ben, you know you want to
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Post by Clinton SPX on Mar 8, 2012 10:00:55 GMT -5
here comes JPM get ready for the market to follow
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Post by keeter on Mar 8, 2012 10:03:31 GMT -5
got soxs
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Post by timber on Mar 8, 2012 10:04:55 GMT -5
oh oh....everyone thinks that money comes out of bonds now into stocks
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Post by ccash04 on Mar 8, 2012 10:07:30 GMT -5
going to play the gap fill, won't get long this push up until it decisively breaks above the recent highs, looks to be a bear flag. Hey welcome back CC hadn't seen you around in awhile been awhile, cant stay away from the ole PPDT too long
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Post by ccash04 on Mar 8, 2012 10:07:59 GMT -5
IWM trying hard to fill that gap.
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Post by Clinton SPX on Mar 8, 2012 10:08:35 GMT -5
come on JPM turn on the squeeze machine dont wait too long
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