Monday, November 29, 2010

11/30 Almanac

On Tuesday, Nov. 30: Home price index, consumer confidence.

There are 18 days before the December options expire, 53 the January and 81 the February.

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


Blue chip stocks (SPY) closed the latest regular session down 0.03% from the prior close. During the day SPY traversed 1.5% in a net move up of 0.6%.

The day's extremes: Open $118.50, high $119.48, low $117.74, close $119.16.

SPY traded below the DeMark pivots before trading within their range. The next DeMark pivots are $118.45-$120.19.

In total, 2.6 billion shares were traded on the three major U.S. stock exchange, 142% more than on the prior trading day. (Friday was a shortened trading day, the day after Thanksgiving, and so the percentage change is quite high.)

Five-year bond yields imply inflation at 1.74%, up 1 basis point from the prior trading day.

Econ reports:

Standard & Poor's releases the monthly Case-Shiller home price index, which looks individually at the housing markets in 20 metro areas. Since houses and apartments are, by definition, a local market, I find this to be the most useful of the housing reports. It's out at 9 a.m. Eastern.

The Conference Board releases its consumer confidence survey at 10 a.m. Is there any group on the planet more surveyed than consumers are? Just asking.

Also, a pair of retail reports, ICSC-Goldman store sales at 7:45 a.m. and Redbook at 8:55 a.m., the State Street investor confidence index at 10 a.m. and farm prices at 3 p.m.

Also, Fed Chair Ben Bernanke makes a public appearance at 8 p.m.

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.

Good trading!

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