There are 31 days before the May options expire, 59 the June and 87 the July.
On the jump, market stats, mediawatch, rules, econ reports, portfolio and a good book...
Stats
Blue chip stocks (SPY) closed the latest regular session up 0.9% from the prior close. During the day SPY traversed 0.7% low to high in a net move up intraday of 0.3%.
Today's extremes: Open $120.56, high $120.98, low $120.17, close $120.88.
SPY closed above the range of the DeMark pivots. The next DeMark pivots are $120.53/$121.34.
In total, 3.2 billion shares were traded on the three major U.S. stock exchanges, up200 million from the prior trading day.
Mediawatch The Narrative has it that stocks rose because of higher oil prices. Let's validate the claim. Oil, as measured by the USO exchange-traded fund, is trading half a percent above yesterday's close, and below last Friday's close. This is not a significant rise. Blue chip stocks (SPY) are up under 1% from yesterday, and are within last Friday's range. Not a huge move. Energy stocks (XLE) are up, but they've simply reclaimed the ground that they lost on Friday. This is not a breakout. Today's narrative is simply not credible. Stephan Bernard and Tim Paradis, for AP. Ryan Vlastelica, for Reuters. | Technical analyst Martin Pring reveals the secrets of the craft. No trader should be without this book. |
Econ reports
The weekly petroleum status report is out at 10:30 a.m. Eastern. Its main impact is in the energy sector. That's it. Slim pickin's.
My Holdings
May expiry:
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.
No comments:
Post a Comment