There are 29 days before the November options expire, 57 the December and 92 the January.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 1.0% from the prior close. During the day SPY traversed 1.6% in a net move down of 0.2%.
The day's extremes: Open $118.40, high $119.09, low $117.21, close $118.13.
SPY closed within the DeMark pivots after trading above and below their range. The next DeMark pivots are $117.37-$118.94.
In total, 3.1 billion shares were traded on the three major U.S. stock exchanges, about the same as the prior trading day.
Econ reports:
No econ reports, Treasury auction announcements, speeches -- nothing. The G20 finance ministers and heads of central banks are meeting in Korea, and they very well could commit market-moving news.
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:
- NLY: A rise above $18.40 or so for re-entry on the bull side. Analysis.
- IDCC: A break above $30.67 for entry on the bull side. Analysis.
Watchlist stocks:
- Bull: CMG, ENP, IDCC, LVS, MO.
- Income: AOD, MRF, NLY.
Good trading!
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