Friday, November 12, 2010

11/15 Almanac

On Monday, Nov. 15: Retail sales.

There are 5 days before the November options expire, 33 the December and 68 the January.

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


Stats

Blue chip stocks (SPY) closed the latest regular session down 1.2% from the prior close. During the day SPY traversed 1.4% in a net move down of 0.5%.

The day's extremes: Open $120.82, high $121.35, low $119.65, close $120.20.

SPY closed below the DeMark pivots. The next DeMark pivots are $119.08-$120.78.

In total, 3 billion shares were traded on the three major U.S. stock exchange, 13% fewer than on the prior trading day.

Five-year bond yields imply inflation at 1.69%, down 4 basis points from the prior trading day.


Econ reports:

The Census Bureau releases its monthly retail sales report at 8:30 a.m. Eastern This is sometimes a market-mover, especially nowadays, as traders watch closely for signs that people are confident enough to pick up their shopping.

Small fry: Empire State manufacturing survey at 8:30 a.m., business inventories at 10 a.m.

Treasury announces 4-week T-bill auction results at 11 a.m.

Four other potential market-movers are scheduled during the week: Producer price index and industrial production on Tuesday, consumer price index and housing starts on Wednesday, and the Philadelphia Fed survey on Thursday.


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.


Enjoy the weekend!





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