Wednesday, August 25, 2010

8/26 Almanac

On Thursday, Aug. 26: Jobless claims.

There are 23 days before the September options expire, 51 the October and 86 the November.

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


Blue chip stocks (SPY) closed the latest regular session up 0.4% from the prior close. During the day SPY traversed 2.0% low to high in a net move up of 0.9%.

The day's extremes: Open $104.95, high $106.34, low $104.29, close $105.94.

SPY closed within the DeMark pivots after trading both above and below them. The next DeMark pivots are $104.54-$105.96.

In total, 3.1 billion shares were traded on the three major U.S. stock exchanges, 6% fewer than on the prior trading day.

Econ reports:

Weekly jobless claims at 8:30 a.m. Eastern, natural gas inventories at 10:30 a.m., and the much neglected Fed balance sheet and money supply reports at 4:30 p.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.

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