Tuesday, July 6, 2010

7/7 Almanac

On Wednesday, July 7: A couple of minor retail reports, of the who-cares variety.

There are 10 days before the July options expire, 45 the August and 73 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 0.7% from the prior close. During the day SPY traversed 2.4% high to low in a net move down of 0.7%.

Friday's extremes: Open $103.64, high $104.37, low $101.88, close $102.87.

SPY closed above the DeMark pivots. The next DeMark pivots are $101.13-$103.62.

In total, 2.7 billion shares were traded on the three major U.S. stock exchanges, 35.1% fewer than on the prior trading day.

SPY at a glance:

SPY $102.76

Econ reports:

The economic highlights of the day, if such lackluster reports can indeed be called "highlights", are comparable store sales, released at 7:45 a.m. Eastern by the International Council of Shopping Centers and Goldman Sachs, and a weekly index of retail sales, released at 8:55 a.m. by Redbook Research.

At 7 a.m. the Mortgage Bankers' Association releases an index of applications for home loans. It's considered a leading indicator and rarely influences the stock market.

Trading Calendar:

By my rules, at this point in the cycle I can trade August calendar and vertical spreads, 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