There are 12 days before the January options expire, 40 the February and 68 the March.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session down 0.2% from the prior close. During the day SPY traversed 1.3% in a net move down of 0.3%.
The day's extremes: Open $127.56, high $127.77, low $126.15, close $127.14.
SPY traded both above and below the DeMark pivots before closing within their range. The next DeMark pivots are $125.84-$127.46.
In total, 3.1 billion shares were traded on the three major U.S. stock exchange, 4% fewer than on the prior trading day.
Five-year bond yields imply inflation at 2.18%, down four basis points from the prior trading day.
Econ reports:
No economic reports are scheduled for release. Treasury will auction 3- and 6-month bills at 11:30 a.m.
There are six major releases later in the week: International trade, producer prices and weekly jobless claims on Thursday, and consumer prices, retail sales and industrial production on Friday.
Trading Calendar:
By my rules, at this point in the cycle I can trade February vertical, calendar, diagonal and butterfly spreads, iron condors and covered calls. Also, March straddles, calls and puts. And of course, shares are good at any time.
What I'm looking for:
- I plan to rework the Watchlist this weekend to get rid of deadwood and add potential February earnings plays.
Click here for stocks on my Watchlist.
Enjoy the weekend!
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