Thursday, July 8, 2010

7/9 Almanac

On Friday, July 9: One econ report of breath-taking insignificance.

There are 8 days before the July options expire, 43 the August and 71 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 1.0% from the prior close. During the day SPY traversed 1.3% low to high in a net move up of 0.2%.

Friday's extremes: Open $107.00, high $107.28, low $105.91, close $107.16.

SPY traded entirely within the DeMark pivots. The next DeMark pivots are $106.54-$107.91.

In total, 3.2 billion shares were traded on the three major U.S. stock exchanges, 8.6% fewer than on the prior trading day.

SPY at a glance:

SPY $107.16

Econ reports:

Wholesale trade numbers are out at 10 a.m. Eastern. It is not a market moving report, generally. It is, however, this Friday the only game in town.

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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