Thursday, December 23, 2010

12/27 Almanac

On Friday, Dec. 24: All markets are closed. No econ reports.

On Monday, Dec. 27: Treasury auction announcement.

There are 26 days before the January options expire, 54 the February and 82 the March.

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


Stats

Blue chip stocks (SPY) closed the latest regular session down 0.1% from the prior close. During the day SPY traversed 0.4% in a net move down of 0.03%.

The day's extremes: Open $125.64, high $125.78, low $125.29, close $125.60.

SPY traded entirely within the DeMark pivots. The next DeMark pivots are $125.20-$125.69.

In total, 1.9 billion shares were traded on the three major U.S. stock exchange, 20% fewer than on the prior trading day.

Five-year bond yields imply inflation at 2.06%, up three basis points from the prior trading day.


Econ reports:

There are no econ reports Friday or Monday. Treasury on Monday will announce auction results for the 4-week bills, and conduction auctions for the 3-month and 6-month bills and 2-year notes.

The markets are closed on Friday for Christmas.

One major report is scheduled next week: Pending home sales on Thursday.


Trading Calendar:

By my rules, at this point in the cycle I can trade January vertical, diagonal, butterfly and calendar spreads, iron condors and covered calls. Also, March 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 Christmas!

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