Friday, August 27, 2010

8/30 Almanac

On Monday, Aug. 30: Income and outlays.

There are 19 days before the September options expire, 47 the October and 82 the November.

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


Blue chip stocks (SPY) closed the latest regular session up 1.5% from the prior close. During the day SPY traversed 2.6% low to high in a net move up of 0.9%.

The day's extremes: Open $105.89, high $106.97, low $104.31, close $106.86.

SPY closed above the DeMark pivots. The next DeMark pivots are $105.59-$108.25.

In total, 3.2 billion shares were traded on the three major U.S. stock exchanges, 13% more than on the prior trading day.

Econ reports:

The Commerce Department releases its personal income and outlays report at 8:30 a.m. Eastern. It tells how much people made, and how much of that they spent. The difference is the savings rate, a key piece of information for policy markers worried about the face that We Are Pinching Our Pennies Bigtime.

The big report of the week comes Friday: Employment.

Trading Calendar:

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

Enjoy the weekend!


  • 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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