There are 15 days before the September options expire, 43 the October and 78 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 $108.72, high $109.49, low $108.49, close $109.47.
SPY traded entirely within the DeMark pivots. The next DeMark pivots are $108.98-$109.98.
In total, 2.6 billion shares were traded on the three major U.S. stock exchanges, 18% fewer than on the prior trading day.
Econ reports:
Monthly employment numbers are released at 8:30 a.m. Eastern. This report is a market mover, one of the most important. A greater than expected rise in the number of jobs would suggest that a recovery is taking hold. Fewer than expected would suggest greater likelihood that the recession is closing in on a second dip.
Small fry: The Institute for supply Managements index of non-manufacturing activity. This tracks stuff like communications, transportation, farming, mining, retail. At 10 a.m.
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.
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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