Thursday, November 11, 2010

11/12 Almanac

On Friday, Nov. 12: Consumer sentiment.

There are 8 days before the November options expire, 36 the December and 71 the January.

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


Blue chip stocks (SPY) closed the latest regular session down 0.4% from the prior close. During the day SPY traversed 0.9% in a net move up of 0.5%.

The day's extremes: Open $121.05, high $121.82, low $120.68, close $121.64.

SPY traded below the DeMark pivots before closing within their range. The next DeMark pivots are $121.16-$122.30.

In total, 3.5 billion shares were traded on the three major U.S. stock exchange, 13% more than on the prior trading day.

Five-year bond yields imply inflation at 1.73%, up 2 basis points.

Econ reports:

The Reuters/U of Michigan consumer sentiment report will be released at 9:55 a.m. Eastern. The Federal Reserve releases its balance sheet and the often ignore money supply numbers at 4:30 p.m.

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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