Wednesday, July 28, 2010

7/29 Almanac

On Thursday, July 29: Jobless claims, natural gas.

There are 23 days before the August options expire, 51 the September and 79 the October.

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


Blue chip stocks (SPY) closed the latest regular session down 0.7% from the prior close. During the day SPY traversed 1.1% high to low in a net move down of 0.4%.

The day's extremes: Open $111.32, high $111.66, low $110.46, close $110.83.

SPY traded below the DeMark pivots before closing within them. The next DeMark pivots are $110.05-$111.25.

In total, 2.8 billion shares were traded on the three major U.S. stock exchanges, 11.6% fewer than on the prior trading day.

Econ reports:

The weekly jobless claims will be released at 8:30 a.m. Eastern, and natural gas inventories at 10:30 a.m. Each has on occasion moved the markets.

Small fry: The Fed balance sheet and money supply report at 4:30 p.m.

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 straddles and October single calls or puts. Shares, of course, are good anytime.

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.

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