Friday, November 26, 2010

11/29 Almanac

On Monday, Nov. 29: No econ reports.

There are 19 days before the December options expire, 54 the January and 82 the February.

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


There is some ambiguity over what the "official" close is, as early closing caused display systems to treat after-hours trades as though they were part of the regular trading day. I've chosen the final price in the 1:00 p.m. Eastern minute (using a tick chart) as my "official" close for the purpose of the following calculations.

Blue chip stocks (SPY) closed the latest regular session down 0.8% from the prior close. During the day SPY traversed 0.7% in a net move up of 0.03%.

The day's extremes: Open $119.16, high $119.81, low $119.03, close $119.19.

SPY closed below the DeMark pivots after trading within their range. The next DeMark pivots are $119.11-$119.89.

In total, 1.1 billion shares were traded on the three major U.S. stock exchange, 56% fewer than on the prior trading day.

Five-year bond yields imply inflation at 1.73%, down 1 basis point from the prior trading day.

Econ reports:

There are no reports on the economy scheduled for release. Treasury will announce results of the 4-week T-bill auction at 11 a.m. Eastern.

The most significant econ reports of the week are the manufacturing index on Wednesday, pending home sales on Thursday, and the 800-pound gorilla of the economy as it relates to politics, employment and unemployment on Friday.

Trading Calendar:

By my rules, at this point in the cycle I can trade 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.

Enjoy the weekend!

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