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Post by kryptos2009 on Jan 25, 2011 23:29:23 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=16.36 MP=16.44 R1=16.51 MP=16.56 R2=16.61 MP=16.74 R3=16.86 MP=16.99 R4=17.11 MP=16.31 S1=16.26 MP=16.19 S2=16.11 MP=15.99 S3=15.86 MP=15.74 S4=15.61 O=16.36 H=16.46 L=16.21 C=16.41 FAS PP=29.86 MP=30.22 R1=30.57 MP=30.77 R2=30.97 MP=31.53 R3=32.08 MP=32.64 R4=33.19 MP=29.66 S1=29.46 MP=29.11 S2=28.75 MP=28.20 S3=27.64 MP=27.09 S4=26.53 O=29.8 H=30.26 L=29.15 C=30.17 FAZ PP=8.65 MP=8.71 R1=8.77 MP=8.87 R2=8.96 MP=9.12 R3=9.27 MP=9.43 R4=9.58 MP=8.56 S1=8.46 MP=8.40 S2=8.34 MP=8.19 S3=8.03 MP=7.88 S4=7.72 O=8.67 H=8.85 L=8.54 C=8.57 SPY PP=128.85 MP=129.23 R1=129.60 MP=129.81 R2=130.02 MP=130.61 R3=131.19 MP=131.78 R4=132.36 MP=128.64 S1=128.43 MP=128.06 S2=127.68 MP=127.10 S3=126.51 MP=125.93 S4=125.34 O=128.76 H=129.28 L=128.11 C=129.17 SPG PP=100.08 MP=100.60 R1=101.12 MP=101.40 R2=101.68 MP=102.48 R3=103.28 MP=104.08 R4=104.88 MP=99.80 S1=99.52 MP=99.00 S2=98.48 MP=97.68 S3=96.88 MP=96.08 S4=95.28 O=99.58 H=100.64 L=99.04 C=100.56 GS PP=162.30 MP=163.39 R1=164.47 MP=165.72 R2=166.97 MP=169.30 R3=171.64 MP=173.97 R4=176.31 MP=161.05 S1=159.80 MP=158.72 S2=157.63 MP=155.29 S3=152.96 MP=150.62 S4=148.29 O=163.05 H=164.79 L=160.12 C=161.98 JPM PP=44.85 MP=45.15 R1=45.45 MP=45.74 R2=46.02 MP=46.61 R3=47.19 MP=47.78 R4=48.36 MP=44.57 S1=44.28 MP=43.98 S2=43.68 MP=43.10 S3=42.51 MP=41.93 S4=41.34 O=44.82 H=45.43 L=44.26 C=44.87 MS PP=29.27 MP=29.48 R1=29.69 MP=29.86 R2=30.03 MP=30.41 R3=30.79 MP=31.17 R4=31.55 MP=29.10 S1=28.93 MP=28.72 S2=28.51 MP=28.13 S3=27.75 MP=27.37 S4=26.99 O=29.46 H=29.62 L=28.86 C=29.34 C PP=4.82 MP=4.84 R1=4.86 MP=4.89 R2=4.91 MP=4.95 R3=5.00 MP=5.04 R4=5.09 MP=4.80 S1=4.77 MP=4.75 S2=4.73 MP=4.68 S3=4.64 MP=4.59 S4=4.55 O=4.85 H=4.86 L=4.77 C=4.82 VIX PP=17.91 MP=18.07 R1=18.23 MP=18.55 R2=18.87 MP=19.35 R3=19.83 MP=20.31 R4=20.79 MP=17.59 S1=17.27 MP=17.11 S2=16.95 MP=16.47 S3=15.99 MP=15.51 S4=15.03 O=18.22 H=18.55 L=17.59 C=17.59 UUP PP=22.46 MP=22.49 R1=22.52 MP=22.57 R2=22.62 MP=22.70 R3=22.78 MP=22.86 R4=22.94 MP=22.41 S1=22.36 MP=22.33 S2=22.30 MP=22.22 S3=22.14 MP=22.06 S4=21.98 O=22.53 H=22.55 L=22.39 C=22.43 FROM: www.econoday.comEconomic Events & Analysis - 1/26/2011 Wednesday7:00 AM ET MBA Purchase Applications 10:00 AM ET New Home Sales 10:30 AM ET EIA Petroleum Status Report 1:00 PM ET 5-Yr Note Auction 2:15 PM ET FOMC Meeting Announcement 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.
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Post by ask2lern on Jan 26, 2011 7:04:00 GMT -5
Thanks Krypto…………… Morning Gang!! here are the pivots……….…hope everyone has a great day ……GLTA GOLD R3 1358.83 R2 1344.73 R1 1339.27 PP 1330.63 S1 1325.17 S2 1316.63 S3 1302.43 SILVER R3 27.52 R2 27.18 R1 27.04 PP 26.84 S1 26.70 S2 26.50 S3 26.16 IWM R3 79.48 R2 78.53 R1 78.20 PP 77.58 S1 77.25 S2 76.63 S3 75.68 TNA R3 75.30 R2 72.77 R1 71.91 PP 70.24 S1 69.38 S2 67.71 S3 65.18 TZA R3 16.96 R2 16.39 R1 16.01 PP 15.82 S1 15.44 S2 15.25 S3 14.68 SDS R3 23.52 R2 23.07 R1 22.80 PP 22.62 S1 22.35 S2 22.17 S3 21.72 ………………………..GLTA
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Post by ask2lern on Jan 26, 2011 7:06:40 GMT -5
From www.optionmonster.com ........................................GLTA Late-day rally rescues index levelsJanuary 26, 2011 Wed 12:08 AM CT The indexes looked certain to end the day with steep losses yesterday until the Great Flattening Effect reasserted itself once again in the last half-hour of the day, bringing the indexes up to a fractionally positive finish. In view of the slight close above resistance for the second day running, I have altered resistance for both the Nasdaq 100 and the Russell 2000 accordingly. The S&P 500 levels remain as they were because it did not breach resistance. Nasdaq 100 (NDX)First support is at 2263.03. First resistance is at 2304.08. For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $55.55. First resistance is at $56.59. S&P 500 (SPX)First support is at 1276.17. First resistance is at 1294.60. For the Standard & Poor's Depository Receipts (SPY) first support is at $127.60. First resistance is at $129.54. Russell 2000 (RUT)First support is at 767.66, the 50-day moving average. First resistance is at 783.22. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $76.73, the 50-day moving average. First resistance is at $78.24. By: Bryan McCormick
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Post by ask2lern on Jan 26, 2011 7:13:00 GMT -5
From www.optionmonster.com .............................FYI the editing lines are my addition because nothing is Bearish ;D Calendar features housing, oil, FedJanuary 26, 2011 Wed 12:02 AM CT MBA Purchase Applications will be released at 7 a.m. ET. The purchases component of the mortgage report is the one traders tend to focus because it indicates new activity, not just refinancing. Last week's purchases data came in at 188.8. A number that is higher by 5 percent or more would be bullish; a reading that is lower by that same margin would be bearish Bullish.New Home Sales will be released at 10 a.m. ET. The consensus estimate calls for a slight rise to 0.3 million units, up from the previous 0.29 million. The range is from a bearish bullish 0.23 million units to a more bullish 0.32 million units. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute issues a competing report based on its own supply data. The forecast for both reports was for a build of 1.2 million barrels. But the API release, which came out last night after the market closed, showed a build of 2.12 million barrels instead. If the EIA data confirms this build or shows an even-larger one, it could be bearish Bullish for crude pricing. If the build is smaller than the API's 2.12 million barrels or is a negative number indicating a draw, it could be bullish for oil. The EIA is a government body, and the API is a private industry group. The two reports do not always agree either in terms of amount or direction. The FOMC will release its decision on rates and policy at 2:15 p.m. ET. At this stage there is no expectation for a change either in rates or policy bias from the current accommodative stance. By: Bryan McCormick
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Post by Rich on Jan 26, 2011 7:46:10 GMT -5
that's sneaky good, Ask!
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Post by ask2lern on Jan 26, 2011 7:50:05 GMT -5
10 Things You Need To Know Before The Opening Bell 1. Chinese indices were higher in overnight trading, while the Nikkei was down. Major European indices are higher this morning, with U.S. futures also trading higher ahead of the open. 2. New Home Sales data is released at 10:00 AM ET. Sales are expected to rise modestly to 300,000. Follow the release at Money Game 3. Egypt's government has banned any further protests in the wake of yesterday's riots. It is expected that protests against President Hosni Mubarak's government will continue today. The egyptian stock market, meanwhile, has crashed nearly 6%. Check out these incredible photos from yesterday's protests 4. Angela Merkel's coalition partner in Germany has yet again refused to expand the bailout package for Europe's troubled states. EU Economic and Monetary Affairs Commissioner Oli Rehn made a personal appeal, only to be rejected. Here are the 15 costliest economic and political risks that could wreck the global economy 5. Toyota has announced another massive recall, this one impacting 1.4 million automobiles. This time, the recall hits the Japanese market, with 1.2 million of the recalls impacting cars there. 6. German software company SAP announced Q4 profits 36% lower than last year, a result of a fine it had to pay to Oracle. Shares of the the company are up in the U.S. pre-market and in Germany. 7. Yahoo announced results that beat expectations yesterday, but shares of the company still sold off in after hours trading. The company is cutting costs in order to achieve goals, rather than growing. 8. Wellpoint, the largest health insurance company in the U.S., beat analyst estimates for Q4 profits. The company's successful quarter is partially the product of America's high unemployment number and people choosing not to spend on healthcare. Don't miss 50 depressing facts about the U.S. healthcare system that will make you beg for reform 9. President Obama made his State of the Union address last evening. In it, he pushed for a cut in corporate taxes as well as investment in new government projects, like high speed rail. Here are the biggest cuts the Republicans want to make to the budget 10. The FOMC will make its monetary policy announcement at 2:15 PM ET. It is expected that rates will remain near zero and the quantitative easing program will be continued. Follow the release at Money Game Read more: www.businessinsider.com/10-things-january-26-2011-1#ixzz1C93rE3Cl................................GL
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Post by abdogman on Jan 26, 2011 8:42:57 GMT -5
Good Morning Gang.....Kryptos and Ask thx for nmbrs and info ....GLTA!!
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Post by abdogman on Jan 26, 2011 9:33:24 GMT -5
xlf 16.45 on 1m
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Post by abdogman on Jan 26, 2011 9:34:37 GMT -5
macd is neg on 1m iyr and xlf macdf on 1m fas at 0/0
xlf 16.45 fas 30.40
iyr 57.29
on 1m
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Post by deadmoney95 on Jan 26, 2011 9:36:32 GMT -5
Good morning everyone. Great stuff, thanks.
Carl F:
March S&P E-mini Futures: Today's range estimate is 1286-1298. I still think a drop to 1260 or so is likely. A daily close below 1267.50 would probably mean that a drop to or below the 50 day moving average (currently at 1240 cash) has started. In any case by the end of April this market will have traded at 1350.
Caldaro:
For the day (Tuesday) the SPX/DOW were mixed, and the NDX/NAZ were +0.10%. Bonds gained 19 ticks, Crude slid $1.60, Gold slipped $1.00, and the USD was lower. Support for the SPX remains at 1261 and then 1240, with resistance at 1291 and then 1303. Short term momentum declined to slightly oversold this morning, after yesterday’s slightly overbought, and then bounced higher. Tomorrow, New home sales at 10:00, then the FED concludes its two day FOMC meeting with a statement around 2:00.
The market opened lower today, rallied back to SPX 1291, then zigzag’d its way down to 1281 in the afternoon, but ended the day spiking back to the highs at the close. The short term OEW charts flip-flopped in the process (positive-negative-positive) as short term support was at SPX 1285. We have had five trading days since the SPX 1296 uptrend high, and with the exception of a few trading hours the SPX has remained between the low 1280′s and low 1290′s. This market has looked like it has been ready to head lower, but all it has done is consolidate after the recent 25 point pullback. Also, the trigger we have been waiting for to place a tentative “green” Major wave 1 label at SPX 1296 has yet to occur. An interesting situation after a six month uptrend. Short term support remains at SPX 1285, then at the lower pivots. Overhead resistance remains at 1291, then 1303, and the fibonacci cluster between SPX 1289 and 1306. This is a potential inflection point for the market, especially with the FOMC statement scheduled for tomorrow afternoon. Best to your trading!
MEDIUM TERM: uptrend may have topped at SPX 1296
LONG TERM: bull market
Cobra:
SHORT-TERM: THE MARKET IS RANGE BOUNDED BUT THE UP MOMENTUM IS WEAKENING
Still no conclusion today, the SPY is stuck in a range. However, resistance or support, the more times it’s being tested the weaker it is, so chances are pretty high that we’ll see a breakout on the upside tomorrow, and via FOMC, as forecasted in 01/21 Market Recap, very likely we’ll see a new high.
On the other hand, bears still have hopes. Besides the reversal of reversal of reversal in those days which is a typical pattern for an important top, if you still remember my N vs N rule, then you should see, apparently the up momentum is weakening, so again, no need to despair (as I’ve sensed from my blog and my forum).
About FOMC tomorrow, except as mentioned in today’s After Bell Quick Summary: generally bullish and roller-coaster show, the intraday pattern tends to go steady higher and a little bit pullback before the close. The chart below is from Bespoke.
INTERMEDIATE-TERM: IN WAIT AND SEE MODE, WHETHER THE 01/18 HIGHS IS THE WAVE 5 HIGH REMAINS TO BE SEEN
Since even the short-term I have no answer for whether the pullback is over, so whether the intermediate-term was topped, we’ll have to wait and see.
SEASONALITY: THE LAST 2 TRADING DAYS OF EACH MONTH SINCE AUGUST 2009 WERE BEARISH
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Post by abdogman on Jan 26, 2011 9:38:20 GMT -5
macd on 1m fas neg now as well as 1m iyr xlf
xlf 16.44 fas 30.33
iyr 57.28
on 1m
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Post by abdogman on Jan 26, 2011 9:40:56 GMT -5
xlf 16.41 fas 30.18
iyr 57.09
on 1m
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Post by abdogman on Jan 26, 2011 9:43:14 GMT -5
xlf 16.39 fas 30.10
iyr 57.07
on 1m
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Post by abdogman on Jan 26, 2011 9:52:40 GMT -5
macd on 1m xlf fas and iyr moving toward 0/0 from neg xlf 16.40 fas 30.07
iyr 57.06
news at 1000EDT
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Post by abdogman on Jan 26, 2011 9:55:48 GMT -5
macd on 1m xlf fas iyr now +
xlf 16.43 fas 30.15
iyr 57.04
on 1m BB's narrowing on above
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Post by abdogman on Jan 26, 2011 10:00:30 GMT -5
1000EDT
December New Home Sales 329K vs 300K Briefing.com consensus; M/M change 17.5%
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Post by jack on Jan 26, 2011 10:02:39 GMT -5
SEASONALITY: THE LAST 2 TRADING DAYS OF EACH MONTH SINCE AUGUST 2009 WERE BEARISH
(from DM's post)
Jeez!!! One could just about take that kind of info to the bank DM - thx.
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Post by abdogman on Jan 26, 2011 10:03:18 GMT -5
macd on 1m xlf fas iyr is +
xlf 16.41 fas 30.14
iyr 57.15
on 1m
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Post by abdogman on Jan 26, 2011 10:09:37 GMT -5
xlf 16.43 fas 30.28
iyr 57.24
on 1m
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Post by abdogman on Jan 26, 2011 10:13:51 GMT -5
xlf 16.46 fas 30.42
iyr 57.33
on 1m
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Post by ccash04 on Jan 26, 2011 10:17:34 GMT -5
1000EDT December New Home Sales 329K vs 300K Briefing.com consensus; M/M change 17.5% Did the govt sell the same house to itself over and over again??
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Post by abdogman on Jan 26, 2011 10:19:12 GMT -5
1012EDT Stock indices run to fresh session high with Dow +16 touches 12,000 for first time since June 2008
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Post by abdogman on Jan 26, 2011 10:20:01 GMT -5
petrol news at 1030EDT
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Post by abdogman on Jan 26, 2011 10:22:52 GMT -5
xlf 16.48 fas 30.46
iyr 57.42
on 1m
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Post by brosin on Jan 26, 2011 10:27:16 GMT -5
Good morning gang - thanks for all the info!
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Post by abdogman on Jan 26, 2011 10:27:59 GMT -5
xlf 16.49 fas 30.49
iyr 57.44
on 1m
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Post by abdogman on Jan 26, 2011 10:31:00 GMT -5
1030EDT
* Crude oil inventories had a build of 4836K (consensus is a build of 1200K) * Distillate inventories had a draw of 140K (consensus is a draw of 500K) * Gasoline inventories had a build of 2404K (consensus is a build of 2300K) * The change in refinery utilization was -1.20% (consensus is 0.00%)
DOE data
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Post by abdogman on Jan 26, 2011 10:31:43 GMT -5
BB's narrowing on 1m xlf fas iyr macd at slightly less than 0/0 on above
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Post by abdogman on Jan 26, 2011 10:33:12 GMT -5
macd neg now on 1m xlf fas iyr
BB's still narrow on above
xlf 16.48 fas 30.50
iyr 57.45
on 1m
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Post by abdogman on Jan 26, 2011 10:33:59 GMT -5
aud/jpy on 1m is DRO-PING
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