Friday, September 3, 2010

9/7 Almanac

Markets are closed for Labor Day on Monday, Sept. 6. On Tuesday, Sept. 7: The 4-week Treasury bill announcement. Seriously, that's all on the calendar.

There are 11 days before the September options expire, 39 the October and 74 the November.

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

Stats

Blue chip stocks (SPY) closed the latest regular session up 1.3% from the prior close. During the day SPY traversed 1.4% low to high in a net move up of 0.3%.

The day's extremes: Open $110.54, high $110.99, low $109.45, close $110.89.

SPY closed above the DeMark pivots. The next DeMark pivots are $110.17-$111.71.

In total, 2.6 billion shares were traded on the three major U.S. stock exchanges, 1% fewer than on the prior trading day.


Econ reports:

Basically, none. Treasury will release the results of the 4-week Treasury bill auction, an event of no conceivable impact on the markets.

The week's big release comes on Thursday: International trade.


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.

Enjoy Labor Day weekend!


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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