There are 11 days before the October options expire, 46 the November and 74 the December.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session down 0.8% from the prior close. During the day SPY traversed 1.5% in a net move down of 0.5%.
The day's extremes: Open $114.37, high $114.85, low $113.18, close $113.75.
SPY traded closed below the DeMark pivots. The next DeMark pivots are $112.63-$114.30.
In total, 2.8 billion shares were traded on the three major U.S. stock exchanges, 6% fewer than the prior trading day.
Econ reports:
Not much here.
ICSC-Goldman releases comparable sales figures for major retailers at 7:45 a.m., and Redbook does it's version of retail sales at 8:55 a.m. These reports can move the retail sector, but generally aren't considered in the top-tier of reports.
The Institute for Supply Management reports on non-manufacturing activity at 10 a.m. This index includes retail, but much, much more: Ag, telcom, retail and wholesale, mining, and the list goes on. Traditionally, not a market mover.
Trading Calendar:
By my rules, at this point in the cycle I can trade November vertical and calendar spreads, December straddles, calls and puts. And of course, shares are good at any time.
What I'm looking for:
- CMG: Pullback to near the 20-day moving average (for entry as a bull play. Analysis.
- ENDP: Break above the swing high of $34.26 to trigger reentry. Analysis.
- MO: A break above the swing high to trigger reentry, or a break below the 20-day moving average to trigger an exit. Analysis.
- Bull: ENDP, LVS.
- Income: AOD, NLY.
Good trading!
No comments:
Post a Comment