There are 18 days before the November options expire, 46 the December and 81 the January.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 0.03% (4¢) from the prior close. During the day SPY traversed 1.6% in a net move down of 0.5%.
The day's extremes: Open $119.07, high $119.75, low $117.85, close $118.53.
SPY closed above the DeMark pivots after trading within their range. The next DeMark pivots are $117.24-$119.14.
In total, 2.9 billion shares were traded on the three major U.S. stock exchange, 8% fewer than on the prior trading day.
Five-year bond yields imply inflation at 1.6%.
Econ reports:
Automakers will release results throughout the day, and election returns will be reported during the night.
Also, two retail reports: ICSC-Goldman store sales at 7:45 a.m. Eastern, and Redbook at 8:55 a.m.
Trading Calendar:
By my rules, at this point in the cycle I can trade December vertical and calendar spreads, and trade January straddles, calls and puts. And of course, shares are good at any time.
What I'm looking for:
- Monitoring existing positions.
Watchlist stocks:
- Bull: CMG, ENP, IDCC, LVS, MO.
- Income: AOD, MRF, NLY.
Good trading!
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