On Friday, Dec. 3: Unemployment rate and net change in jobs.
There are 15 days before the December options expire, 50 the January and 78 the February.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 1.3% from the prior close. During the day SPY traversed 1.3% in a net move up of 1.1%.
The day's extremes: Open $121.20, high $122.65, low $121.13, close $122.56.
SPY closed above the DeMark pivots after trading within their range. The next DeMark pivots are $121.85-$123.37.
In total, 3.1 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 1.79%, up 4 basis points from the prior trading day.
Econ reports:
The most watched of economic reports, the employment situation, will be released at 8:30 a.m. Eastern. The markets have spent the week positioning for the report, and will react strongly to any surprises.
Also, factory orders and the non-manufacturing index, both at 10 a.m.
Trading Calendar:
By my rules, at this point in the cycle I can trade January vertical spreads and 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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