There are 10 days before the December options expire, 45 the January and 73 the February.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 0.05% from the prior close. During the day SPY traversed 1.0% in a net move down of 0.9%.
The day's extremes: Open $123.94, high $124.01, low $122.76, close $122.83.
SPY traded above the DeMark pivots before closing within their range. The next DeMark pivots are $122.17-$123.42.
In total, 3.2 billion shares were traded on the three major U.S. stock exchange, 35% more than on the prior trading day.
Five-year bond yields imply inflation at 1.83%, up 8 basis points from the prior trading day.
Econ reports:
The petroleum status report, out at 10:30 a.m. Eastern, can sometimes move the energy sector.
Other reports, never market movers: The mortgage bankers purchase applications, a leading indicator for housing markets, at 7 a.m., and the services survey, a quarterly study of info-tech industries conducted by the Census Bureau, at 10 a.m.
Trading Calendar:
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:
- LULU exit. Analysis.
Click here for stocks on my watchlists.
Good trading!
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