There are 4 days before the September options expire, 32 the October and 67 the November.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 1.1% from the prior close. During the day SPY traversed 0.7% in a net move up of 0.1%.
The day's extremes: Open $112.58, high $112.95, low $112.13, close $112.70.
SPY traded entirely above the DeMark. The next DeMark pivots are $112.42-$112.42.
In total, 2.9 billion shares were traded on the three major U.S. stock exchanges, 19% more than on the prior trading day.
Econ reports:
Once again, the Census Bureau releases the monthly retail sales, at 8:30 a.m. Eastern. This report tells whether you --yes, you -- are shopping us out of the recession. If the unemployment rate doesn't fall, it's all your fault. Go! Shopping!! Now!!!
Also, the ICSC-Goldman mall store sales at 7:45 a.m., the Redbook retail report at 8:55 a.m. and business inventories at 10 a.m.
Trading Calendar:
By my rules, at this point in the cycle I can trade October covered calls, iron condors, 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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