PPDT - 04/06/2012 Friday - PP-XLF = 15.55

[kryptos2009]

Good Morning Gang!!

Good Friday - Markets Closed, Banks Open

Here is the PP Daily Thread (PPDT) data.

XLF PP=15.55
MP=15.59 R1=15.63 MP=15.68 R2=15.72 MP=15.81 R3=15.89 MP=15.98 R4=16.06
MP=15.51 S1=15.46 MP=15.42 S2=15.38 MP=15.30 S3=15.21 MP=15.13 S4=15.04
O=15.5 H=15.64 L=15.47 C=15.54

FAS PP=104.92
MP=105.63 R1=106.34 MP=107.11 R2=107.87 MP=109.35 R3=110.82 MP=112.30 R4=113.77
MP=104.16 S1=103.39 MP=102.68 S2=101.97 MP=100.50 S3=99.02 MP=97.55 S4=96.07
O=104.03 H=106.45 L=103.5 C=104.81

FAZ PP=21.41
MP=21.56 R1=21.71 MP=21.86 R2=22.01 MP=22.31 R3=22.61 MP=22.91 R4=23.21
MP=21.26 S1=21.11 MP=20.96 S2=20.81 MP=20.51 S3=20.21 MP=19.91 S4=19.61
O=21.56 H=21.7 L=21.1 C=21.42

SPY PP=139.75
MP=140.00 R1=140.24 MP=140.47 R2=140.69 MP=141.16 R3=141.63 MP=142.10 R4=142.57
MP=139.53 S1=139.30 MP=139.06 S2=138.81 MP=138.34 S3=137.87 MP=137.40 S4=136.93
O=139.38 H=140.2 L=139.26 C=139.79

SPG PP=145.64
MP=146.10 R1=146.56 MP=146.95 R2=147.33 MP=148.18 R3=149.02 MP=149.87 R4=150.71
MP=145.26 S1=144.87 MP=144.41 S2=143.95 MP=143.11 S3=142.26 MP=141.42 S4=140.57
O=145.4 H=146.41 L=144.72 C=145.79

GS PP=118.74
MP=119.30 R1=119.85 MP=120.78 R2=121.70 MP=123.18 R3=124.66 MP=126.14 R4=127.62
MP=117.82 S1=116.89 MP=116.34 S2=115.78 MP=114.30 S3=112.82 MP=111.34 S4=109.86
O=119.45 H=120.59 L=117.63 C=118

JPM PP=44.29
MP=44.54 R1=44.78 MP=45.00 R2=45.21 MP=45.67 R3=46.13 MP=46.59 R4=47.05
MP=44.08 S1=43.86 MP=43.62 S2=43.37 MP=42.91 S3=42.45 MP=41.99 S4=41.53
O=44.13 H=44.73 L=43.81 C=44.34

MS PP=18.53
MP=18.63 R1=18.73 MP=18.91 R2=19.08 MP=19.35 R3=19.63 MP=19.90 R4=20.18
MP=18.36 S1=18.18 MP=18.08 S2=17.98 MP=17.70 S3=17.43 MP=17.15 S4=16.88
O=18.58 H=18.87 L=18.32 C=18.39

C PP=34.87
MP=35.04 R1=35.20 MP=35.41 R2=35.62 MP=35.99 R3=36.37 MP=36.74 R4=37.12
MP=34.66 S1=34.45 MP=34.29 S2=34.12 MP=33.74 S3=33.37 MP=32.99 S4=32.62
O=34.73 H=35.28 L=34.53 C=34.79

VIX PP=16.71
MP=16.92 R1=17.12 MP=17.34 R2=17.55 MP=17.97 R3=18.39 MP=18.81 R4=19.23
MP=16.50 S1=16.28 MP=16.08 S2=15.87 MP=15.45 S3=15.03 MP=14.61 S4=14.19
O=17.02 H=17.13 L=16.29 C=16.7

UUP PP=22.20
MP=22.22 R1=22.23 MP=22.24 R2=22.25 MP=22.28 R3=22.30 MP=22.33 R4=22.35
MP=22.19 S1=22.18 MP=22.17 S2=22.15 MP=22.13 S3=22.10 MP=22.08 S4=22.05
O=22.23 H=22.23 L=22.18 C=22.2

FROM: www.econoday.com

Economic Events & Analysis - 04/06/2012 Friday


Monster Employment Index

8:30 AM ET Employment Situation
12:00 PM SIFMA Early close
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]

Employers Added 120,000 Jobs in March, Fewest in Five Months
By Timothy R. Homan - Apr 6, 2012 8:35 AM ET

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QUEUE
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Employers in the U.S. added fewer jobs than forecast in March, underscoring Federal Reserve Chairman Ben S. Bernanke’s concern that recent gains may not be sustained without a pickup in growth.
The 120,000 increase in payrolls, the fewest in five months, followed a revised 240,000 gain in February that was bigger than first estimated, Labor Department figures showed today in Washington. The March increase was less than the most pessimistic forecast in a Bloomberg News survey in which the median estimate called for a 205,000 rise. Unemployment fell to 8.2 percent, the lowest since January 2009, from 8.3 percent.

[Clinton SPX]

I bet QE is back on the table soon

[dino]

well, this is how they do it. drop it when nobody's got a chance. bulls get trapped just like shorts.

and... when most aren't expecting it. look at this board - is anybody short? Purr has been short for how long and i read he's all cash. Mist, Huh?, that Dino guy - i don't think anybody is short.

[walnut]

They need to announce likely QE today or Monday looks bad.

[rex]

Well at least the last futures candle went up 3.3 points.

[walnut]

By Monday Mr. Market may have convulated his logic to make this a good thing, expecting QE

[novice08]

GM guys. How can job numbers be down substantially but unemployment rate also be down? The spin drs. need to get a move on.

[Clinton SPX]

Apr 6, 2012 10:57:14 GMT -5 novice08 said:

GM guys. How can job numbers be down substantially but unemployment rate also be down? The spin drs. need to get a move on.

supposedly less people are looking for work, as if thats a real number

[huh?]

Apr 6, 2012 11:23:35 GMT -5 Clinton SPX said:

Apr 6, 2012 10:57:14 GMT -5 novice08 said:

GM guys. How can job numbers be down substantially but unemployment rate also be down? The spin drs. need to get a move on.

supposedly less people are looking for work, as if thats a real number

The unemployment rate and unemployment filings are just a bunch of BS anyway. They are now just complete arbitrary numbers and mean nothing.

The gov shouldn't specify an unemployed rate and not include ALL of the unemployed. They are trying to redefine the term unemployed, when they should just be relaying the numbers.

They should release 2 numbers, overall unemployed and a 'need work' number (all unemployed except those who don't need to work - those collecting retirement or having sufficient assets/other income).

Right now they aren't giving us either of these. Their 'need work' number doesn't include those they 'feel' aren't actively looking for work. Well, that could be 1% of the unemployed, or 99%. It's completely up to them and likely swayed more by current political needs than any work related matter.

Whether somebody is actively looking for work could be caused by many different things, none of which changes whether or not they are unemployed.

So as far as trading goes, you have to pay little attention to these employment number anomalies. I believe today's number is way off, and likely more about adjustments. The economy is getting better - that's obvious. Caution though - that doesn't mean the market will go up with it. The momentum of our slowly improving economy hasn't changed hardly at all in the last 3 years, but the market sure has.

[huh?]

I think the more important negative news story for the markets came out yesterday, but seems to be ignored by most so far:

Egan-Jones Cuts U.S. Rating One Step to AA Citing Growing Debt
www.bloomberg.com/news/2012-04-05/egan-jones-cuts-u-s-rating-one-step-to-aa-citing-growing-debt.html

[Clinton SPX]

I think the numbers that matter are
1. collecting unemployment
2. on food stamps
3. #of people actually paying taxes

[Clinton SPX]

If you dont want to look for a job and dont cost the gov a cent then who cares?

[Clinton SPX]

damn, fighter pilots ejected from their plane letting it take out an apt complex at virginia beach.

[huh?]

Apr 6, 2012 12:01:41 GMT -5 Clinton SPX said:

I think the numbers that matter are
1. collecting unemployment
2. on food stamps
3. #of people actually paying taxes

I have a family member that can no longer collect unemployment, and he can't collect food stamps because his ex collects food stamps since he's now behind in child support due to no income. He of course won't file taxes since there is nothing to file.

So you can rule all 3 out - he still has no money and is actively looking for work everyday and desperately needs work. If he submits resumes to every company possible one week, and there are no new opportunities the next for him to submit to, is he no longer unemployed?

[Clinton SPX]

Apr 6, 2012 12:12:10 GMT -5 huh? said:

Apr 6, 2012 12:01:41 GMT -5 Clinton SPX said:

I think the numbers that matter are
1. collecting unemployment
2. on food stamps
3. #of people actually paying taxes

I have a family member that can no longer collect unemployment, and he can't collect food stamps because his ex collects food stamps since he's now behind in child support due to no income. He of course won't file taxes since there is nothing to file.

So you can rule all 3 out - he still has no money and is actively looking for work everyday and desperately needs work. If he submits resumes to every company possible one week, and there are no new opportunities the next for him to submit to, is he no longer unemployed?

No but hes not costing the gov anything.
But if you want a real number then publish How many are working

all those not working are unemployed then

[Clinton SPX]

Apr 6, 2012 12:11:12 GMT -5 Clinton SPX said:

damn, fighter pilots ejected from their plane letting it take out an apt complex at virginia beach.

Navy F-18 crashes in Va. Beach
I-264 shut down in both directions at Laskin

Updated: Friday, 06 Apr 2012, 1:09 PM EDT
Published : Friday, 06 Apr 2012, 12:28 PM EDT

Rachel West
VIRGINIA BEACH, Va. (WAVY) - The Navy confirms to WAVY.com that an F-18 jet has crashed in Virginia Beach Friday afternoon.

Grazia Moyers, spokeswoman for the Virginia Beach Police Department, told WAVY.com just before 12:30 p.m. what police believe is a military aircraft has gone down.

Commander Rosi with the Navy told WAVY.com the plane was an F-18 with Strike Fighter Squadron 106. Rosi added two aircrew safely ejected from the plane that was based in Oceana.

Sentara Healthcare says one pilot is at Sentara Virginia Beach General Hospital.

Further information is not available at this time.

Police are responding to the scene at this time and will assist the military and the State Police, Moyer added.

Virginia State Police have shut down Interstate 264 at Laskin Road in both directions, Sgt. Anaya with the VSP said.

Virginia Department of Transportation traffic cameras show thick, black smoke rising from the Birdneck Road area Friday afternoon around 12:30 p.m.

WAVY.com has a crew on the way to the scene and will have more as soon as it comes in.

[huh?]

Apr 6, 2012 12:14:47 GMT -5 Clinton SPX said:

No but hes not costing the gov anything.

Wha...? The point was the number of those not working and the economic impact. Not government debt.

Anyway, my point is this:

So far as trading goes, over the last 2 years the supposed unemployment rate has been relatively flat, yet the market has not at all.

The market has moved completely independent of any of the employment related numbers and therefore they should not be used to trade the market IMO.

[exabi]

Been watching it live on WAVY...no word on ground injuries yet, but it hit an apartment complex.

[Clinton SPX]

Apr 6, 2012 12:27:02 GMT -5 huh? said:

Apr 6, 2012 12:14:47 GMT -5 Clinton SPX said:

No but hes not costing the gov anything.

Wha...? The point was the number of those not working and the economic impact. Not government debt.

Anyway, my point is this:

So far as trading goes, over the last 2 years the supposed unemployment rate has been relatively flat, yet the market has not at all.

The market has moved completely independent of any of the employment related numbers and therefore they should not be used to trade the market IMO.

I agree with that
The market should only care how many have money to spend not how many are broke. Wall street should only care about an employment number. imo

[Rich]

Apr 6, 2012 12:11:12 GMT -5 Clinton SPX said:

damn, fighter pilots ejected from their plane letting it take out an apt complex at virginia beach.

heavy sports week, baseball and masters, I missed this completely. geez

[Clinton SPX]

[exabi]

Apparently only seven injuries (including the aircrew), none life threatening. One of the crew landed on a deck in his ejection seat.....they stayed with the plane as long as they could...were only 6 blocks from the beach. It is a Good Friday.

[theMIST]

Dino,

I'm all cash wishing I had held onto my long TVIX position right now. LOL