There are 19 days before the October options expire, 54 the November and 82 the December.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 2.1% from the prior close. During the day SPY traversed 1.1% in a net move up of 0.9%.
The day's extremes: Open $113.75, high $114.89, low $113.65, close $114.89.
SPY closed above the DeMark pivots. The next DeMark pivots are $114.24-$115.48.
In total, 3 billion shares were traded on the three major U.S. stock exchanges, 6% more than the prior trading day.
Econ reports:
The Treasury Dept. releases auction results for 4-week T-bills at 11 a.m. Eastern. Nobody cares. Nobody.
The 4-week bill is paying 0.13% interest at this rate. It would take 588 years to double your money at that rate. But --- it's risk-free!!
The big reports come late in the week: GDP, personal income and spending, manufacturing.
Trading Calendar:
By my rules, at this point in the cycle I can trade shares. Seriously. It's an awkward time in the calendar.
What I'm looking for:
- LO: A move back above 1% from the 20-day moving average, 2) a decisive bull phase from the fast stochastic, or 3) a whipsaw back to bull phase on Person's Proprietary Signal. Analysis.
Enjoy the weekend!
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