Friday, October 8, 2010

10/11 Almanac

On Monday, Oct. 11: It's Columbus Day, perhaps the most controversial holiday on the calendar.

The stock and futures markets are open, as is the CBOE options market, with the exception of a few products. Read the press release for details.

There are 5 days before the October options expire, 40 the November and 68 the December.

On the jump, market stats, econ reports, and the trading calendar . . .


Blue chip stocks (SPY) closed the latest regular session up 0.6% from the prior close. During the day SPY traversed 1.1% in a net move up of 0.4%.

The day's extremes: Open $116.05, high $116.86, low $115.61, close $116.54.

SPY closed above the DeMark pivots. The next DeMark pivots are $116.08-$117.33.

In total, 2.9 billion shares were traded on the three major U.S. stock exchanges, 7% more than the prior trading day.

Econ reports:

No econ reports on Monday. The markets working, but the government is not.

The major reports come latter in the week: International trade and producer prices on Thursday, and consumer prices and retail sales on Friday. Potential market-movers all.

Trading Calendar:

By my rules, at this point in the cycle I can trade November vertical, calendar, diagonal and diagonal spreads, and also iron condors. I can sell November covered calls, and trade December straddles, calls and puts. And of course, shares are good at any time.

What I'm looking for:
  • Nothing in particular at this point. I'm just tracking existing trends.

Watchlist stocks:
  • Bull: CMG, ENP, LVS, MO.
  • Income: AOD, NLY.
Good trading!

No comments:

Post a Comment