PPDT - 03/14/2012 Wednesday - PP-XLF = 15.27

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=15.27
MP=15.43 R1=15.59 MP=15.68 R2=15.76 MP=16.01 R3=16.25 MP=16.50 R4=16.74
MP=15.19 S1=15.10 MP=14.94 S2=14.78 MP=14.54 S3=14.29 MP=14.05 S4=13.80
O=14.97 H=15.44 L=14.95 C=15.42

FAS PP=100.14
MP=102.77 R1=105.40 MP=106.76 R2=108.12 MP=112.11 R3=116.10 MP=120.09 R4=124.08
MP=98.78 S1=97.42 MP=94.79 S2=92.16 MP=88.17 S3=84.18 MP=80.19 S4=76.20
O=95.26 H=102.87 L=94.89 C=102.67

FAZ PP=22.88
MP=23.24 R1=23.60 MP=24.31 R2=25.01 MP=26.07 R3=27.14 MP=28.20 R4=29.27
MP=22.18 S1=21.47 MP=21.11 S2=20.75 MP=19.68 S3=18.62 MP=17.55 S4=16.49
O=24.16 H=24.28 L=22.15 C=22.2

SPY PP=139.43
MP=140.10 R1=140.76 MP=141.12 R2=141.47 MP=142.49 R3=143.51 MP=144.53 R4=145.55
MP=139.08 S1=138.72 MP=138.06 S2=137.39 MP=136.37 S3=135.35 MP=134.33 S4=133.31
O=138.32 H=140.13 L=138.09 C=140.06

SPG PP=140.64
MP=141.30 R1=141.95 MP=142.46 R2=142.96 MP=144.12 R3=145.28 MP=146.44 R4=147.60
MP=140.14 S1=139.63 MP=138.98 S2=138.32 MP=137.16 S3=136.00 MP=134.84 S4=133.68
O=140.43 H=141.64 L=139.32 C=140.95

GS PP=122.60
MP=124.70 R1=126.79 MP=127.92 R2=129.05 MP=132.27 R3=135.50 MP=138.72 R4=141.95
MP=121.47 S1=120.34 MP=118.25 S2=116.15 MP=112.92 S3=109.70 MP=106.47 S4=103.25
O=118.4 H=124.85 L=118.4 C=124.54

JPM PP=42.65
MP=43.56 R1=44.47 MP=45.02 R2=45.56 MP=47.01 R3=48.47 MP=49.92 R4=51.38
MP=42.11 S1=41.56 MP=40.65 S2=39.74 MP=38.28 S3=36.83 MP=35.37 S4=33.92
O=41.02 H=43.73 L=40.82 C=43.39

MS PP=18.81
MP=19.02 R1=19.23 MP=19.38 R2=19.53 MP=19.89 R3=20.25 MP=20.61 R4=20.97
MP=18.66 S1=18.51 MP=18.30 S2=18.09 MP=17.73 S3=17.37 MP=17.01 S4=16.65
O=18.59 H=19.11 L=18.39 C=18.93

C PP=36.01
MP=36.59 R1=37.16 MP=37.51 R2=37.86 MP=38.79 R3=39.71 MP=40.64 R4=41.56
MP=35.66 S1=35.31 MP=34.74 S2=34.16 MP=33.24 S3=32.31 MP=31.39 S4=30.46
O=34.97 H=36.72 L=34.87 C=36.45

VIX PP=14.93
MP=15.41 R1=15.88 MP=16.45 R2=17.02 MP=18.07 R3=19.11 MP=20.16 R4=21.20
MP=14.36 S1=13.79 MP=13.32 S2=12.84 MP=11.80 S3=10.75 MP=9.71 S4=8.66
O=14 H=16.08 L=13.99 C=14.73

UUP PP=22.29
MP=22.32 R1=22.35 MP=22.37 R2=22.39 MP=22.44 R3=22.49 MP=22.54 R4=22.59
MP=22.27 S1=22.25 MP=22.22 S2=22.19 MP=22.14 S3=22.09 MP=22.04 S4=21.99
O=22.33 H=22.34 L=22.24 C=22.3

FROM: www.econoday.com

Economic Events & Analysis - 03/14/2012 Wednesday


7:00 AM ET MBA Purchase Applications
8:30 AM ET Current Account
8:30 AM ET Import and Export Prices
9:00 AM ET Ben Bernanke Speaks
10:30 AM ET EIA Petroleum Status Report
1:00 PM ET 30-Yr Bond 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 1763.50
R2 1721.70
R1 1698.90

PP 1679.90

S1 1657.10
S2 1638.10
S3 1596.30


SILVER

R3 35.41
R2 34.42
R1 33.97

PP 33.43

S1 32.98
S2 32.44
S3 31.45


IWM

R3 85.90
R2 84.21
R1 83.63

PP 82.52

S1 81.94
S2 80.83
S3 79.14




TNA

R3 67.69
R2 64.70
R1 63.69

PP 61.71

S1 60.70
S2 58.72
S3 55.73



TZA

R3 20.10
R2 19.13
R1 18.50

PP 18.16

S1 17.53
S2 17.19
S3 16.22


SDS

R3 16.50
R2 16.02
R1 15.70

PP 15.54

S1 15.22
S2 15.06
S3 14.58

SSO

R3 60.25
R2 58.60
R1 58.05

PP 56.95

S1 56.40
S2 55.30
S3 53.65

…………………………..GLTA

[ask2lern]

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

Indexes blow through resistance levels

U.S. equity indexes rallied strongly yesterday after the Fed decided to leave rates unchanged at 0.25 percent while acknowledging that inflation is indeed driving oil prices higher.

The Russell 2000 outperformed the large caps, gaining 2.08 percent to 831.23 and closing 10 points above Monday's resistance of 821.19. The RUT is still slightly under its 2012 highs of 832.23, last seen on March 12, 2012.

The S&P 500 surged 1.81 percent to settle at 1395.95, its highest close since May 2008. The SPX easily blew through Monday's resistance of 1377.76, marking 1396.13 as its new immediate resistance.

The Nasdaq 100, which has been the leader of this latest move into fresh territory, traded higher by 1.91 percent to settle at a new 11-year high of 2697.43. Apple and Google strength helped bolster the index, gaining 2.92 percent and 2.09 percent respectively.

S&P 500
Resistance is now 1396.13 (yesterday's high), then 1409.09 and 1410.66.
Support is now 1370.92, then 1385.19 and 1381.19

Nasdaq 100
Resistance is now 2697.64 (yesterday's high), then 2700 even.
Support is now 2690, then 2673.86 (pre Fed-announcement resistance) and 2650.

Russell 2000
Resistance is now 831.23 (yesterday's high), then 833.20.
Support is now 823.54 (pre-Fed resistance), then 817.26.

[ask2lern]

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

Mortgage, oil, trade data on calendar

Today's calendar will bring a reprieve to investors looking for less heady economic data.

The day kicks off with MBA mortgage purchase applications at 7 a.m. ET. The MBA report is a leading indictor for single-family home sales.

Import and export prices follow at 8:30 a.m. ET. Imports measure the price of goods bought in the United States but manufactured abroad, while exports measure goods sold abroad and made in the United States.

The consensus forecast calls for February import prices to come in at 0.3 percent, with a range of expectations from 0.2 percent to 0.4 percent. The last reading was 0.02 percent.

February export prices are forecast at 0.6 percent, with a range of estimates from 0.2 percent to 1.7 percent. The last reading was 0.3 percent.

Next on the docket is the IEA petroleum report at 10:30 a.m. ET, which measures crude-oil inventories produced here or abroad.

To cap the day off there is a 30-year Treasury note auction kicking at 1 p.m. ET.

[ask2lern]

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

What do crazy moves mean for VIX?

The CBOE Volatility Index started yesterday's session at a five-year low of 13.99, then climbed right along with the S&P 500 to above 15. That was unusual right off the bat because the two indexes usually move inversely.

Then, just before the Fed announcement, the VIX rocketed higher to 16. After the announcement, it instantly collapsed to 14.7.

Then it went right back up to 15.87. Then it dropped back to close at 14.8.

In all my years of covering the VIX, I have never seen the index make 6 moves of 7 percent in a matter of hours. But before you think volatility was really whipping around, it wasn't.

The actual volatilities of the SPX options, and the VIX futures, were essentially unchanged through all of that. The March VIX futures opened the day at 17.35 and were right there before the announcement. They did climb to 17.45 and have now sold off to 17.00, down 4.23 percent. The April VIX futures are down 3.22 percent to 21.05.

So what was going on the VIX? I am not really sure. But keying off of what Group One's Jamie Tyrrell told me yesterday from the pits, the strange activity appears to have involved bids in the out-of-the-money SPX puts.

Traders initially pulled the bids, dropping the VIX. Then the bids came back, were pulled again after the announcement, then came back again.

Those out-of-the-money puts have a big influence on the VIX calculation--but it doesn't really matter if you understand what is going on.

Keeping an eye on the VIX futures, or even just the iPath S&P 500 VIX Short-Term Futures Note (VXX), can give you a better idea of what is happening in such situations.

The VXX was around 21.60 at the open, then right back there before and after the Fed announcement, so it gave a pretty good look at the (non-)movement in the VIX futures. The moves in the spot VIX were odd and interesting, but ultimately meaningless.

[ask2lern]

Jamie Saettele þ @jamiesaettele
$SPY stks.co/2q4R blue and red dots indicate highest 30 day $TRIN and lowest 30 day TRIN

[Clinton SPX]

I put these trend lines in last night before I went to sleep
Im hoping euro rallies all day today

Attachments:

[Clinton SPX]

shanghai got crushed last night so Im not expecting much from commods today

[ask2lern]

redliontrader þ @redliontrader
Watching for an NR7 and weak breadth.. then we like short $study bit.ly/xrmHKX

redliontrader þ @redliontrader
Breadth and a Thrust.. Watching the 50 DPI very closely today $study bit.ly/AAWlj7

[Clinton SPX]

gap up on JPM
ugly gap downs on SLV GLD

[ask2lern]

XLF has a upside gap to fill from 7/11/11 at 15.70...................

[ask2lern]

Both April SPY ITM and NTM CALLS and PUTS are Red......................

[dino]

hey ask - i sent an email to that steve guy about the real time hft accumulators. cool stuff, thanks for posting that yesterday. +1.

[Clinton SPX]

Long FFL (WFC, JPM)
nice little dip here
I think the good fins are gonna rock today

[ask2lern]

If this is a blow of top we should see some good up moves on strong volume soon otherwise consolidate and move higher would be the "new" pattern IMO........................

[ask2lern]

Steve Grasso þ @grassosteve
more room to the upside in S&P cash i had mentioned a break of 1333 or 1370 was good for 50 handles ,, more room to the upside to 1420-1425

[jack]

Mar 14, 2012 8:49:28 GMT -5 ask2lern said:

If this is a blow of top we should see some good up moves on strong volume soon otherwise consolidate and move higher would be the "new" pattern IMO........................

Agree - 200pts on the Dow seemed like a LOT yest, but "Blow-off Top"?

[cosmic]

LOL someone seems to be trying a dump a whole bunch of overpriced FAS calls, and there are no buyers. Good luck on the sell.

[Clinton SPX]

UUP so overbought
come on baby I need a collapse

[Clinton SPX]

bah, euro does not want to help me out today

[herceg1967]

TVIX making a nice move..........unfortunately did not get filled PM with my bid.............touched 13.45 and did not pick up my shares.........

[Clinton SPX]

C lighting the HOD

[Clinton SPX]

this is the bernanks dream
fins rallying
dollar strong and GLD SLV selling

[Clinton SPX]

sneaky bastards think they can steer everyone into fins by dropping the euro

well its working
even I bought some finstoday

[walnut]

Mar 14, 2012 8:55:50 GMT -5 cosmic said:

LOL someone seems to be trying a dump a whole bunch of overpriced FAS calls, and there are no buyers. Good luck on the sell.

Where do you see that Cos?

[herceg1967]

The headline says it all IMO....................................

Bernanke Keeps Easing Option While Signaling Economy Improving
By Caroline Salas Gage and Steve Matthews - Mar 14, 2012 12:00 AM ET

LinkedIn
Google +1
0 COMMENTS
Print
QUEUE
Q
Federal Reserve Chairman Ben S. Bernanke is keeping additional easing on the policy-making table even after upgrading his view on the U.S. expansion.
Stocks rose and Treasuries fell after the Federal Open Market Committee yesterday improved its outlook for growth, reducing expectations the central bank will begin a third round of bond buying. At the same time, the FOMC reiterated in a post- meeting statement that the joblessness rate is “elevated” and “significant downside risks” remain.
Enlarge image
Federal Reserve Board Chairman Ben Bernanke before the Senate Banking, Housing and Urban Affairs Committee on March 1, 2012 in Washington. Photographer: Win McNamee/Getty Images

Play Video
March 14 (Bloomberg) -- David Semmens, a U.S. economist at Standard Chartered Bank, talks about quantitative easing by the Federal Reserve and the outlook for the U.S. economy. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)
Even after the most robust six-month period of job growth since 2006, unemployment persists at 8.3 percent and Bernanke is holding to his plan to keep the benchmark interest rate close to zero through at least late 2014.
“The way the statement was crafted was to keep their options open,” said Stephen Stanley, chief economist at Pierpont Securities LLC in Stamford, Connecticut. “What they’re trying to tell us is ‘Hey, don’t change your policy outlook because we’re not ready to say things have changed enough’” that no more stimulus is needed.
The Fed has kept its benchmark rate near zero since December 2008, and in January extended a previous pledge to keep rates low through mid-2013. It has also bought $2.3 trillion of bonds in two rounds of so-called quantitative easing.
Unemployment will “decline gradually” toward Fed goals and the inflation outlook is “subdued,” the FOMC said. Policy makers said they expect “moderate economic growth,” compared with a prediction of a “modest” expansion after their January meeting.
Shifting Stance
“The FOMC is clearly shifting its stance away from blanket gloom to something more realistic, but they have a long way to go,” said Ian Shepherdson, chief U.S. economist at High Frequency Economics Ltd. in Valhalla, New York. “The data will force their hand.”
The Standard & Poor’s 500 Index rose 1.8 percent to 1,395.95 at 4 p.m. in New York, and the Dow Jones Industrial Average reached the highest level since 2007. Yields on 10-year Treasuries rose to 2.13 percent from 2.03 percent on March 12.
Treasury yields are climbing as the economy strengthens and the Fed may be forced to raise its benchmark rate before late 2014, said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. The 10-year Treasury note yield has increased from 1.8 percent on Jan. 31.
“Yields are rising with the tide of a stronger economy,” said Rupkey, who predicts the Fed will need to tighten monetary policy in 2013. “They should really welcome it. Higher yields mean the many unorthodox monetary policy measures are starting to bear fruit.”
No Welcome
Fed officials probably don’t welcome the rise in interest rates and likely want to keep stimulus options open so as not to see “the market re-price the policy outlook prematurely,” Stanley said.
A government report yesterday showed retail sales advanced 1.1 percent in February for the most in five months. The gain followed a 0.6 percent increase in January that was larger than previously estimated. Demand improved in 11 of 13 industry categories, including auto dealers and clothing stores.
The odds of additional stimulus were decreasing before the FOMC statement. Sixty-one percent of economists in a March 9-12 poll by Bloomberg News said Bernanke will refrain from any action to expand the Fed’s $2.89 trillion balance sheet this year. In January, 50 percent of those surveyed predicted more bond buying.
Economists were split over whether the Fed, if it chooses to ease further, would purchase bonds while taking steps to ensure its move doesn’t increase inflation pressures. Thirty percent of economists say the Fed would “sterilize” the impact of its purchases by using repurchase agreements and term deposits to prevent new money from entering the economy.
No Suggestion
“There is nothing here to suggest it would happen anytime soon,” said Jay Bryson, senior global economist with Wells Fargo Securities LLC in Charlotte, North Carolina.
“You would need to have the economy hitting another soft path” for more stimulus, he said. Still, “they are not slamming the door on more QE.”
The FOMC’s meetings in April and June would be “good opportunities for the Fed to do something” if policy makers see additional stimulus as needed, Roberto Perli, a managing director at International Strategy and Investment Group Inc. in Washington said in a Bloomberg Radio interview.
“They want to keep their powder dry in case they need to take further action later in the year,” said Bill Hampel, chief economist for the Washington-based Credit Union National Association. The organization represents 8,000 member-owned co- operatives with $961.8 billion in assets.
“In case they need to do a QE3, this is giving them leeway to do it if they think it’s necessary later in the year,” he said.
To contact the reporter on this story: Caroline Salas Gage in New York at [e-mail]; Steve Matthews in Atlanta at [e-mail];
To contact the editor responsible for this story: Chris Wellisz at [e-mail]

[ask2lern]

In the SPY Weekly's the 140 PUTS are very active with huge premiums but they are buying aggressively on the ASK............

[walnut]

yeah I would not sell a spy 140 put for anything less than $2 lol

[cosmic]

Mar 14, 2012 9:21:21 GMT -5 walnut said:

Mar 14, 2012 8:55:50 GMT -5 cosmic said:

LOL someone seems to be trying a dump a whole bunch of overpriced FAS calls, and there are no buyers. Good luck on the sell.

Where do you see that Cos?

It was closer to the open. The Ask got hit with 150+ contracts and FAS was going down. Now that it's reversed the buyers may have appeared

[herceg1967]

Mar 14, 2012 9:33:40 GMT -5 ask2lern said:

In the SPY Weekly's the 140 PUTS are very active with huge premiums but they are buying aggressively on the ASK............

Do you think they are hedges or someone expecting a nice pull back by EOW.............