Monday, December 27, 2010

12/28 Almanac

On Tuesday, Dec. 28: Home price index, consumer confidence.

There are 25 days before the January options expire, 53 the February and 81 the March.

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


Blue chip stocks (SPY) closed the latest regular session up 0.04% from the prior close. During the day SPY traversed 0.6% in a net move up of 0.4%.

The day's extremes: Open $125.13, high $125.74, low $125.04, close $125.65.

SPY traded above and below the DeMark pivots before closing within their range. The next DeMark pivots are $125.35-$126.05.

In total, 1.6 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 2.05%, down one basis point from the prior trading day.

Econ reports:

Nothing likely to move markets. The most significant releases are the S&P Case-Shiller home price index at 9 a.m. Eastern, and the consumer confidence report at 10 a.m.

Small fry: A couple of retail reports -- ICSC-Goldman store sales at 7:45 a.m. and Redbook at 8:55 a.m. -- and the State Street investor confidence index at 10 a.m.

Treasury will auction 4-week bills at 11:30 a.m. and 5-year notes at 1 p.m.

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, after New Year's Day:

Click here for stocks on my watchlists.

Good trading!

No comments:

Post a Comment