Monday, November 15, 2010

11/16 Almanac

On Tuesday, Nov. 16: Producer price index, industrial production.

There are 4 days before the November options expire, 32 the December and 67 the January.

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


Blue chip stocks (SPY) closed the latest regular session down 0.1% from the prior close. During the day SPY traversed 0.9% in a net move down of 0.5%.

The day's extremes: Open $120.58, high $121.05, low $119.98, close $120.03.

SPY closed within the DeMark pivots after trading above their range. The next DeMark pivots are $119.47-$120.54.

In total, 2.7 billion shares were traded on the three major U.S. stock exchange, 10% fewer than on the prior trading day.

Five-year bond yields imply inflation at 1.69%, unchanged from the prior trading day.

Econ reports:

The producer price index will be released at 8:30 a.m. Eastern. It surveys prices further up the food chain than the more widely followed consumer price index, which will be released on Wednesday.

The Federal Reserve publishes the industrial production index at 9:15 a.m. It provides a fairly detailed look at the state of the manufacturing sectors.

Treasury announces international capital figures at 9 a.m. -- this is foreign money flowing into and out of the U.S. economy -- and the Homebuilders release their housing market index at 10 a.m.

Two retail reports will also be out: ICSC-Goldman store sales at 7:45 a.m., and the Redbook report at 8:55 a.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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