There are 16 days before the September options expire, 44 the October and 79 the November.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 3% from the prior close. During the day SPY traversed 1.8% low to high in a net move up of 1.6%.
The day's extremes: Open $106.73, high $108.61, low $106.66, close $108.46.
SPY traded entirely above the DeMark pivots. The next DeMark pivots are $107.56-$109.51.
In total, 3.2 billion shares were traded on the three major U.S. stock exchanges, 7% fewer than on the prior trading day.
Econ reports:
The National Association of Realtors pending home sales index tracks transactions where a contract has been signed, but not yet closed. It will be released at 10 a.m. Eastern and can move markets.
Also out, three workforce related reports: Jobless claims and productivity at 8:30 a.m., and the less followed Monster (.com) Employment Index at 6 a.m. I had no idea monsters were such early risers. That was never the case on Buffy the Vampire Slayer.
Also out, chain store sales sometime during the day, factory orders, natural gas inventories, and Treasury auction announcements for the 3-month and 6-month bills, 3-year and 10-year notes and the 30-year bonds.
Ben Bernanke testifies before the Financial Crisis Inquiry Commission at 9 a.m. Probably more history and theory than the markets today, but who knows.
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!
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.
No comments:
Post a Comment