There are 8 days before the June options expire, 36 the July and 71 the August.
On the jump, market stats, econ reports, trading calendar and a good book...
Stats
Blue chip stocks (SPY) closed the latest regular session up 2.9% from the prior close. During the day SPY traversed 3.1% low to high in a net move up of 1.2%. Thursday's extremes: Open $107.86, high $109.28, low $106.04, close $109.15. SPY closed above the DeMark pivots. The next DeMark pivots are $107.60-$110.84. In total, 3.4 billion shares were traded on the three major U.S. stock exchanges, down 8.7% from the prior trading day. Econ reports: The government's monthly retail sales report will be released at 8:30 a.m. Eastern. If we're shoppin' till we're droppin', then happy days must be here again, yes? Consumer sentiment at 9:55 a.m. tells how we feel about it all, and business inventories at 10 a.m. let's us know if things are flying off the shelves. All in all, a retailish sort of day. Can you say, "Consumers rule!". | Everything you need to know about the economic indicators that drive the markets. From the staff of The Economist. |
Trading Calendar:
By my rules, at this point in the cycle I can trade July covered calls, iron condors, butterflies, and diagonal, calendar and vertical spreads. Also, August single calls or puts. Shares, of course, are good anytime.
Good trading!
OK. The credit bubble burst. Housing, burst. Shockwaves reverberated. Markets collapsed. What lies ahead as we remerge from the wreckage.
New to Private Trader? Check out the Reader's Guide
No comments:
Post a Comment