There are 32 days before the May options expire, 60 the June and 88 the July.
On the jump, market stats, mediawatch, rules, econ reports, portfolio and a good book...
Blue chip stocks (SPY) closed the latest regular session up 0.4% from the prior close. During the day SPY traversed 1.2% low to high in a net move up intraday of 0.7%.
Today's extremes: Open $119.01, high $119.93, low $118.47, close $119.81.
SPY traded entirely within the range of the DeMark pivots. The next DeMark pivots are $119.14/$120.60.
In total, 3.4 billion shares were traded on the three major U.S. stock exchanges, down 1.2 billion from the prior trading day.
Mediawatch: No Grand Narrative. I, personally, feel the loss, and my life is the poorer for it. Where is Greece? Where is the ever popular confidence in the economy? The old skeins of yarn from which The Narrative is oft woven? Stephan Bernard and Tim Paradis, with banks and airlines, for AP. Leah Schnurr with IBM trading prior to its earnings release, for Reuters. The IBM theme is boguser than most: The price is rising within the range that it fell on Friday. So, two days, it's a wash. No meaning whatsoever. But it's a great opportunity to use the word "boguser". If there were three market stories today, the IBM theme would no doubt be "bogusest". | Technical analyst Martin Pring reveals the secrets of the craft. No trader should be without this book. |
Econ reports:
The International Council of Shopping Centers reports retail chain sales at 7:45 a.m. Eastern. Redbook does its own version of retail sales at 8:55 a.m.
Neither is a market mover. In terms of market news, Tuesday is an inconsequential day.
Dividend shares: AOD, JNK, NLY
Special situation: PALM
Zombie shares: MCO
Good trading!
New to private trading? Here's a look at How to Become a Private Trader.
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