There are 10 days before the October options expire, 45 the November and 73 the December.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 2.0% from the prior close. During the day SPY traversed 1.4% in a net move up of 1.1%.
The day's extremes: Open $114.80, high $116.32, low $114.67, close $116.04.
SPY traded entirely above the DeMark pivots. The next DeMark pivots are $115.36-$117.01.
In total, 3.5 billion shares were traded on the three major U.S. stock exchanges, 24% more than the prior trading day.
Econ reports:
Friday's monthly employment report from the government always has a few rumbles earlier in the week that maybe point to what the figures will be.
One such is the Automatic Data Processing employment report, from the company that handles a huge portion of the nation's payrolls, out at 8:15 a.m. Eastern. The Challenger job-cut report, also from the private sector, counts layoffs. It's out at 7:30 a.m.
The petroleum inventories report will be released at 10:30 a.m.
Small fry: Mortgage bankers report on applications for mortgages at 7 a.m.
Trading Calendar:
By my rules, at this point in the cycle I can trade November vertical and calendar spreads, December straddles, calls and puts. And of course, shares are good at any time.
What I'm looking for:
- ENDP: Break above the swing high of $34.26 to trigger reentry. Analysis.
- MO: A break above the swing high of $24.39 to trigger reentry, or a break below the 20-day moving average to trigger an exit. Analysis.
- Bull: CMG, LVS.
- Income: AOD, NLY.
Good trading!
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