Tuesday, September 14, 2010

9/15 Almanac

On Wednesday, Sept. 15: Retail sales.

There are 3 days before the September options expire, 31 the October and 66 the November.

On the jump, market stats, econ reports, and the trading calendar . . .

Stats

Blue chip stocks (SPY) closed the latest regular session down 0.04% from the prior close. During the day SPY traversed 1.1% in a net move up of 0.1%.

The day's extremes: Open $112.50, high $113.29, low $112.08, close $112.70.

SPY closed within the DeMark pivots. The next DeMark pivots are $112.37-$113.58.

In total, 3.0 billion shares were traded on the three major U.S. stock exchanges, 25% more than on the prior trading day.


Econ reports:

Industrial production, sometimes a market mover, is out at 9:15 a.m. Eastern, and petroleum inventories, at 10:30 a.m.

Small fry: Mortgage bankers tally purchase applications (a leading indicator of housing) at 7 a.m.; the Empire State manufacturing survey at 8:30 a.m.; import and export prices, also at 8:30 a.m.


Trading Calendar:

By my rules, at this point in the cycle I can trade October covered calls, iron condors, 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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