Friday, June 11, 2010

6/14 Almanac

On Monday, June 14: Zip, nada, nuthin'.

There are 5 days before the June options expire, 33 the July and 68 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 0.5% from the prior close. During the day SPY traversed 1.5% low to high in a net move up of 1.4%.

Friday's extremes: Open $108.19, high $109.75, low $108.12, close $109.68.

SPY traded entirely within the DeMark pivots. The next DeMark pivots are $108.90-$110.53.

In total, 2.8 billion shares were traded on the three major U.S. stock exchanges, down 16.7% from the prior trading day.

Econ reports:

No economic reports are scheduled for release on Monday.


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.


Enjoy the weekend!


The Great Reflation: How Investors Can Profit From the New World of Money
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
New to private trading? Here's a look at How to Become a Private Trader.

No comments:

Post a Comment