Friday, July 9, 2010

7/12 Almanac

On Monday, July 12: No econ reports. Zero. Zip. Nada. Nichevo.

There are 5 days before the July options expire, 40 the August and 68 the September.

On the jump, market stats, econ reports, trading calendar and a good book...


Blue chip stocks (SPY) closed the latest regular session up 0.8% from the prior close. During the day SPY traversed 1.0% low to high in a net move up of 0.8%.

Friday's extremes: Open $107.13, high $107.97, low $106.93, close $107.96.

SPY closed above the DeMark pivots. The next DeMark pivots are $107.45-$108.49.

In total, 2.5 billion shares were traded on the three major U.S. stock exchanges, 24% fewer than on the prior trading day.

SPY at a glance:

SPY $107.96

Econ reports:

No economics reports are scheduled for release on Monday. The rest of the week has big market-movers planned for every day: International trade on Tuesday, retails sales on Wednesday, producer prices and industrial production on Thursday and consumer prices on Friday.

It shapes up as a volatile week. And of course, Volatility is the Mother of Profit. (Hi, Mom!)

Trading Calendar:

By my rules, at this point in the cycle I can trade August calendar, vertical, diagonal and butterfly spreads, iron condors and covered calls. Also, September single calls or puts, and shares.

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.


  • psar - Parabolic Stop and Reverse
  • adx - Average Directional Index
  • pps - Person's Proprietary Signal
  • ma20 - 20-day moving average
  • macd - Moving Average Convergence-Divergence
  • sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

  • trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
  • adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
  • psar, pps, macd: green for bull mode, red for bear
  • sto: green for overbought, red for oversold, yellow for the neutral zone.

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