There are 9 days before the September options expire, 37 the October and 72 the November.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 0.7% from the prior close. During the day SPY traversed 1.0% low to high in a net move up of 0.5%.
The day's extremes: Open $109.86, high $110.85, low $109.81, close $110.41.
SPY closed above the DeMark pivots. The next DeMark pivots are $110.11-$111.15.
In total, 2.19 billion shares were traded on the three major U.S. stock exchanges, 15% more than on the prior trading day.
Econ reports:
International trade figures will be released at 8:30 a.m. Eastern. It's a sometimes-market-moving report that tells how much we're paying foreigners to make stuff (trade deficit) vs. what they're paying us to make stuff (trade surplus).
Export-oriented companies love trade surpluses; importers hate them. China is the world's largest producer of trade deficits in other countries. So people who think about these things get very nervous about the report.
Other potential movers: Weekly obless claims at 8:30 a.m., natural gas inventories at 10:30 a.m., and petroleum inventories at 11 a.m.
Also, small fry: The Treasury will announce auction results for the 3-month and 6-month bills at 11 a.m., and the 30-year bonds at 1 p.m., and the Fed balance sheet and money supply numbers are out at 4:30 p.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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