Friday, January 21, 2011

1/24 Almanac

On Monday, Jan. 24: Treasury auctions, no econ.

There are 26 days before the February options expire, 55 the March and 83 the April.

On the jump, market stats, econ reports, and the trading calendar . . .


Blue chip stocks (SPY) closed the latest regular session up 0.2% from the prior close. During the day SPY traversed 0.7% in a net move down of 0.4%.

The day's extremes: Open $128.88, high $129.17, low $128.26, close $128.37.

SPY closed above the DeMark pivots. The next DeMark pivots are $127.86-$128.77.

In total, 3.1 billion shares were traded on the three major U.S. stock exchange, 9% fewer than on the prior trading day.

Five-year bond yields imply inflation at 2.20%, up one basis point from the prior trading day.

Econ reports:

Treasury will auction 3- and 6-month bills at 11:30 a.m. Eastern. There are no economic reports or Fed speeches.

Later in the week, the econ desert blossoms, with consumer confidence on Tuesday, new home sales and a monetary policy announcement from the Federal Open Market Committee on Wednesday, durable goods, jobless claims and pending home sales on Thursday, and gross domestic product on Friday.

A busy, busy week.

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, April or later straddles, calls and puts. And of course, shares are good at any time.

What I'm looking for:
  • Clarity in the markets following Thursday morning's barrage of bear signals.

Click here for stocks on my Watchlist.

Enjoy the weekend!

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