There are 18 days before the October options expire, 53 the November and 81 the December.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session down 0.5% from the prior close. During the day SPY traversed 0.7% in a net move down of 0.5%.
The day's extremes: Open $114.86, high $114.99, low $114.16, close $114.27.
SPY closed within the DeMark pivots. The next DeMark pivots are $113.80-$114.63.
In total, 2.8 billion shares were traded on the three major U.S. stock exchanges, 7% fewer than the prior trading day.
Econ reports:
The S&P Case-Shiller home price index, released at 9 a.m. Eastern, is a potential market mover if there is an unexpected move in the prices. Otherwise, not.
Consumer confidence, out at 10 a.m., tracks whether we're willing to shop our way back to prosperity. Also an occasional market-mover.
Small fry: Shopping center sales at 7:45 a.m., the Redbook retail sales report at 8:55 a.m. and the State Street investor confidence index, out at 10 a.m., which looks at levels of risk within portolios. The State Street index doesn't really move markets, but it's still an extremely interesting report. You can find the official website here.
The big reports come late in the week: GDP, personal income and spending, manufacturing.
Trading Calendar:
By my rules, at this point in the cycle I can trade shares. Seriously. It's an awkward time in the calendar.
What I'm looking for:
- LO: A move back above 1% from the 20-day moving average, 2) a decisive bull phase from the fast stochastic, or 3) a whipsaw back to bull phase on Person's Proprietary Signal. Analysis.
Good trading!
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