Wednesday, August 18, 2010

8/19 Almanac

On Thursday, Aug. 19: Jobless claims, leading indicators.

There are 2 days before the August options expire, 30 the September and 58 the October.

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


Blue chip stocks (SPY) closed the latest regular session up 0.2% from the prior close. During the day SPY traversed 1.4% low to high in a net move up of 0.2%.

The day's extremes: Open $109.54, high $110.38, low $108.91, close $109.79.

SPY traded below the DeMark pivots before closing within their range. The next DeMark pivots are $109.35-$110.82.

In total, 2.6 billion shares were traded on the three major U.S. stock exchanges, 13% fewer than on the prior trading day.

Econ reports:

Weekly jobless claims are out at 8:30 a.m. Eastern. They often move the market. Not much in the way of econ.

Natural gas inventories will be released at 10:30 a.m. It will sometimes move the energy sector.

And my favorite econ report, which hardly ever moves anything: The leading indicators, out at 10 a.m.

Also look for the Philadelphia Fed survey, which tracks manufacturing trends, at 10 a.m., and a flurry of Treasury auction announcements at 11 a.m.

Trading Calendar:

By my rules, at this point in the cycle I can trade September iron condors, covered calls and diagonal, butterfly, calendar and vertical spreads. Also, November straddles and single calls or puts. Shares, of course, are good anytime.

Good trading!


  • 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