There are 2 days before the August options expire, 30 the September and 58 the October.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 0.2% from the prior close. During the day SPY traversed 1.4% low to high in a net move up of 0.2%.
The day's extremes: Open $109.54, high $110.38, low $108.91, close $109.79.
SPY traded below the DeMark pivots before closing within their range. The next DeMark pivots are $109.35-$110.82.
In total, 2.6 billion shares were traded on the three major U.S. stock exchanges, 13% fewer than on the prior trading day.
Econ reports:
Weekly jobless claims are out at 8:30 a.m. Eastern. They often move the market. Not much in the way of econ.
Natural gas inventories will be released at 10:30 a.m. It will sometimes move the energy sector.
And my favorite econ report, which hardly ever moves anything: The leading indicators, out at 10 a.m.
Also look for the Philadelphia Fed survey, which tracks manufacturing trends, at 10 a.m., and a flurry of Treasury auction announcements at 11 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, November 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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