Friday, February 11, 2011

2/14 Almanac

On Monday, Feb. 14: No econ reports.

There are 5 days before the February options expire, 33 the March and 61 the April.

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


Blue chip stocks (SPY) closed the latest regular session up 0.6% from the prior close. During the day SPY traversed 1.2% in a net move up of 1.0%.

The day's extremes: Open $131.80, high $133.28, low $131.77, close $133.32.

SPY closed above the DeMark pivots after trading below their range. The next DeMark pivots are $132.44-$133.95.

In total, 3.1 billion shares were traded on the three major U.S. stock exchange, 12% fewer than on the prior trading day.

Five-year bond yields imply inflation at 2.28%, down 3 basis points from the prior trading day.

Econ reports:

There no economics reports scheduled for release on Monday, although the week will quickly grow busy, with retail sales on Tuesday; housing starts, producer prices, industrial production and the Federal Open Market Committee minutes on Wednesday; and consumer prices, weekly jobless claims and the Philly Fed survey on Thursday.

Fed Vice-Chairman William Dudley gives a speech. He is a voting member of the Federal Open Market Committee.

The Federal Reserve often posts transcripts of speeches and testimony within a few days of the event.

Trading Calendar:

By my rules, at this point in the cycle I can trade March vertical, diagonal, butterfly and calendar spreads, iron condors and covered calls. Also, April or later straddles, calls and puts. And of course, shares are good at any time.

Enjoy the weekend!

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