On Monday, Jan. 3: Manufacturing index.
There are 19 days before the January options expire, 47 the February and 75 the March.
On the jump, market stats, econ reports, and the trading calendar . . .
Blue chip stocks (SPY) closed the latest regular session up 0.02% from the prior close. During the day SPY traversed 0.4% in a net move up of 0.2%.
The day's extremes: Open $125.53, high $125.87, low $125.33, close $125.75.
SPY traded entirely within the DeMark pivots. The next DeMark pivots are $125.54-$126.08.
In total, 1.5 billion shares were traded on the three major U.S. stock exchange, 1% fewer than on the prior trading day.
Five-year bond yields imply inflation at 2.07%, down one basis point from the prior trading day.
The Institute of Supply Management releases its manufacturing index at 10 a.m. Eastern, and at the same time the Census Bureau reports on construction spending.
Treasury announces 4-week bills for Tuesday sale at 11 a.m., and auctions 3-month and 6-month bills at 11:30 a.m.
There are several potential market-movers later in the week: Federal Open Market Committee minutes on Tuesday, weekly jobless claims on Thursday and the monthly unemployment and employment report on Friday.
By my rules, at this point in the cycle I can trade February vertical and calendar spreads. Also, March 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.
Happy New Year! And good trading in 2011!
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