There are 25 days before the September options expire, 53 the October and 88 the November.
On the jump, market stats, econ reports, and the trading calendar . . .
Blue chip stocks (SPY) closed the latest regular session down 0.4% from the prior close. During the day SPY traversed 1.4% high to low in a net move down of 0.9%.
The day's extremes: Open $108.04, high $108.57, low $107.07, close $107.12.
SPY traded entirely within the DeMark pivots. The next DeMark pivots are $106.35-$107.85.
In total, 2.5 billion shares were traded on the three major U.S. stock exchanges, 14% fewer than on the prior trading day.
The National Association of Realtors reports existing home sales at 10 a.m. Eastern. This is a major report because of what it says about the American people's mood. If more people are willing to buy a home, then happy days are closing in.
Small fry: A couple of retail reports. ICSC-Goldman store sales at 7:45 a.m. and the Redbook report at 8:55 a.m. Neither typically has much in the way of market impact.
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.
- 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.