There are 3 days before the August options expire, 31 the September and 59 the October.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 1.2% from the prior close. During the day SPY traversed 1.4% low to high in a net move up of 0.4%.
The day's extremes: Open $109.19, high $110.39, low $108.88, close $109.59.
SPY closed above the DeMark pivots. The next DeMark pivots are $109.24-$110.75.
In total, 2. billion shares were traded on the three major U.S. stock exchanges, 13% more than on the prior trading day.
Econ reports:
Not much in the way of econ.
The weekly petroleum inventories report comes out at 10:30 a.m. Eastern. It can certainly move the energy sector, sometimes the broader market.
Small fry: Mortgage bankers purchase applications, a leading indicator for housing, at 7:00 a.m.
Trading Calendar:
By my rules, at this point in the cycle I can trade September iron condors, covered calls and diagonal, butterfly, calendar and vertical spreads. Also, October straddles and single calls or puts. Shares, of course, are good anytime.
Good trading!
Abbreviations:
- psar - Parabolic Stop and Reverse
- adx - Average Directional Index
- pps - Person's Proprietary Signal
- ma20 - 20-day moving average
- macd - Moving Average Convergence-Divergence
- sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
- trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.
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