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.
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.
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.