There are 15 days before the June options expire, 43 the July and 78 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 0.3% from the prior close. During the day SPY traversed 1.4% low to high in a net move up of 0.05%. Thursday's extremes: Open $110.65, high $111.06, low $109.58, close $110.71. SPY traded entirely within the DeMark pivots. The next DeMark pivots are $110.15-$111.63. In total, 3.39 billion shares were traded on the three major U.S. stock exchanges, down 1.8% from the prior trading day. Econ reports: The government's monthly employment report, which includes the headline-making unemployment percentage, will be released at 8:30 a.m. Eastern and is likely to color the market day. FedHeads: Atlanta Fed Pres Dennis Lockhart at 9:30 a.m. That's two mornings in a row for our Dennis. | 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 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.
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