Wednesday, July 7, 2010

7/8 Almanac

On Thursday, July 8: Jobless claims, oil and natural gas inventories.

There are 9 days before the July options expire, 44 the August and 72 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 3.2% from the prior close. During the day SPY traversed 3.1% low to high in a net move up of 2.9%.

Friday's extremes: Open $103.13, high $106.11, low $103.02, close $106.11.

SPY closed above the DeMark pivots. The next DeMark pivots are $104.57-$107.79.

In total, 3.5 billion shares were traded on the three major U.S. stock exchanges, 28.6% more than on the prior trading day.

SPY at a glance:

SPY $102.76

Econ reports:

The big potential market mover is weekly jobless claims, at 8:30 a.m. Eastern time.

Energy-sector movers: Natural gas inventories at 10:30 a.m., and petroleum at 11 a.m.

Minor league: Consumer credit at 3 p.m., and two from the Fed: It's balance sheet and the nation's money supply, both at 4:30 p.m.

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.

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