Monday, July 12, 2010

7/13 Almanac

On Tuesday, July 13: International trade, Treasury budget.

There are 4 days before the July options expire, 39 the August and 67 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 0.1% from the prior close. During the day SPY traversed 1.0% low to high in a net move up of 0.4%.

Friday's extremes: Open $107.60, high $108.24, low $107.15, close $108.03.

SPY traded below and closed with the DeMark pivots. The next DeMark pivots are $107.59-$108.68.

In total, 2.6 billion shares were traded on the three major U.S. stock exchanges, 7% more than on the prior trading day.

Econ reports:

The international trade report at 8:30 a.m. Eastern examines the Americans' trade with foreign countries, whether they're selling more abroad than they're buying, or vice versa. It can be real market mover if there's a surprise. This report is a major motivator in U.S. efforts to persuade China to raise of the value of its currency, the yuan.

The Treasury budget, due out at 2 p.m., is what people are talking about when they discuss the federal budget deficit, which is a major weapon these days in the propaganda war between the center-left Democrats and rightist Republicans,

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.

Good trading!

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.

No comments:

Post a Comment