Wednesday, December 8, 2010

12/9 Almanac

On Thursday, Dec. 9: Weekly jobless claims.

There are 9 days before the December options expire, 44 the January and 72 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 0.8% in a net move up of 0.3%.

The day's extremes: Open $122.98, high $123.38, low $122.41, close $123.29.

SPY traded entirely within the DeMark pivots. The next DeMark pivots are $122.85-$123.82.

In total, 2.9 billion shares were traded on the three major U.S. stock exchange, 10% fewer than on the prior trading day.

Five-year bond yields imply inflation at 1.84%, up 1 basis point from the prior trading day.

Econ reports:

The weekly jobless claims report will be out at 8:30 a.m. Eastern. A surprise here can move skittish markets.

The energy sector will be watching the natural gas report at 10:30 a.m.

Also, wholesale trade at 10 a.m., and the Fed balance sheet and money supply at 4:30 p.m.

Treasury will announce results of the 6-month and 52-week bill auctions at 11 a.m., and of the 30-year bond auction at 1 p.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:

Click here for stocks on my watchlists.

Good trading!

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