Thursday, November 18, 2010

11/19 Almanac

On Friday, Nov. 19: No econ. Big Ben speaks.

Friday is the last trading day for November options expire. There are 29 days before the December options expire and 64 the January.

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


Blue chip stocks (SPY) closed the latest regular session up 1.5% from the prior close. During the day SPY traversed 0.9% in a net move up of 0.5%.

The day's extremes: Open $119.36, high $120.39, low $119.35, close $119.96.

SPY traded entirely above the DeMark pivots. The next DeMark pivots are $119.66-$120.70.

In total, 3.2 billion shares were traded on the three major U.S. stock exchange, 17% more than on the prior trading day.

Five-year bond yields imply inflation at 1.69%, up 5 basis points from the prior trading day.

Econ reports:

There are no economic reports scheduled for release.

Federal Reserve Chairman Ben Bernanke addresses the European Central Bank conference at 5:15 a.m. Eastern.

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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