There are 8 days before the December options expire, 43 the January and 71 the February.
On the jump, market stats, econ reports, and the trading calendar . . .
Blue chip stocks (SPY) closed the latest regular session up 0.4% from the prior close. During the day SPY traversed 0.7% in a net move down of 0.2%.
The day's extremes: Open $123.97, high $124.02, low $123.15, close $123.76.
SPY traded above the DeMark pivots before closing within their range. The next DeMark pivots are $123.02-$123.89.
In total, 2.7 billion shares were traded on the three major U.S. stock exchange, 5% fewer than on the prior trading day.
Five-year bond yields imply inflation at 1.83%, down 1 basis point from the prior trading day.
The international trade report, what is sometimes called the balance of payments, will be out at 8:30 a.m. Eastern.
Also, import and export prices at 8:30 a.m., consumer sentiment at 9:55 a.m., and the Treasury budget (think deficit) at 2 p.m.
By my rules, at this point in the cycle I can trade January vertical and calendar spreads, and February straddles, calls and puts. And of course, shares are good at any time.
What I'm looking for:
- A new paradigm for choosing income plays. Love the dividends! Hate the capital loss!! Musings on the subject.
Click here for stocks on my watchlists.