There are 17 days before the January options expire, 45 the February and 73 the March.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session down 0.1% from the prior close. During the day SPY traversed 0.9% in a net move down of 0.3%.
The day's extremes: Open $127.33, high $127.37, low $126.19, close $126.98.
SPY closed within the DeMark pivots after trading below their range. The next DeMark pivots are $126.00-$127.18.
In total, 3 billion shares were traded on the three major U.S. stock exchange, 2.9% more than on the prior trading day.
Five-year bond yields imply inflation at 2.11%, up three basis points from the prior trading day.
Econ reports:
ADP -- the payroll check processing people -- put out their version of a national employment report, at 8:15 a.m. Eastern. It's a preview of the government's report, due for release on Friday. Also, the outplace firm Challenger, Gray and Christmas at 7:30 a.m. release its job-cut report.
Also, by the clock, mortgage bankers purchase applications, a leading indicator for housing, at 7 a.m., the Institute for Supply Management's non-manufacturing index at 10 a.m., and petroleum inventories at 10:30 a.m.
Trading Calendar:
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:
- Late January earnings play entries. Also, I'm working up some global and sector slow trades.
Click here for stocks on my Watchlist.
Good trading!
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