Wednesday, November 10, 2010

11/11 Almanac

On Thursday, Nov. 11: Veterans Day. Stocks, futures and options trade. Bonds don't. Government closed.

There are 9 days before the November options expire, 37 the December and 72 the January.

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


Blue chip stocks (SPY) closed the latest regular session up 0.4% from the prior close. During the day SPY traversed 1.2% in a net move up of 0.4%.

The day's extremes: Open $121.58, high $122.16, low $120.66, close $122.10.

SPY traded entirely within the DeMark pivots. The next DeMark pivots are $121.38-$122.88.

In total, 3.1 billion shares were traded on the three major U.S. stock exchange, 5% fewer than on the prior trading day.

Five-year bond yields imply inflation at 1.7%.

Econ reports:

No economic reports will be released because it's Veterans Day.

Trading Calendar:

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

What I'm looking for:

Click here for stocks on my watchlists.

Good trading!

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