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 . . .
Stats
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!
Abbreviations:
- 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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