Wednesday, November 24, 2010

11/26 Almanac

On Thursday, Nov. 25: All markets are closed, except for forex. Europe and East Asia don't celebrate thanksgiving when the Americans do, so they'll be trading during their market hours.

On Friday, Nov. 26: Fed balance sheet, money supply. The markets close early, stocks at 1 p.m. Eastern and bonds at 2 p.m.

There are 22 days before the December options expire, 57 the January and 85 the February.

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 0.8%.

The day's extremes: Open $119.20, high $120.22, low $119.18, close $120.20.

SPY traded entirely above the DeMark pivots. The next DeMark pivots are $119.69-$120.73.

In total, 2.4 billion shares were traded on the three major U.S. stock exchange, 17% fewer than on the prior trading day.

Five-year bond yields imply inflation at 1.66%, down 4 basis point from the prior trading day.

Econ reports:

On Friday, the Federal Reserve releases its balance sheet and the money supply stats at 4 p.m. Eastern. The stock markets close at 1 p.m. Eastern, and bond trading at 2 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 February 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.

Have a great Thanksgiving!

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