On Monday, March 14: Couple of Treasury auctions, no econ, no Fedster speeches.
There are 5 days before March options expire, 33 the April and 68 the May.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session up 0.7% from the prior close. During the day SPY traversed 1.4% in a net move up of 1.0%.
The day's extremes: Open $129.52, high $131.31, low $129.49, close $130.84.
SPY traded entirely below the DeMark pivots. The next DeMark pivots are $130.17-$131.99.
In total, 2.7 billion shares were traded on the three major U.S. stock exchange, 13% fewer than on the trading day two days prior.
Five-year bond yields imply inflation at 2.62%, four basis points lower than on the prior trading day.
Econ reports:
There are no econ reports scheduled for release.
Treasury will auction 3- and 6-month bills at 11:30 a.m.
No Fedsters are speaking, but if they were...
The Federal Reserve often posts transcripts of speeches and testimony within a few days of the event.
Later in the week, look for the Federal Open Market Committee money-policy announcement on Tuesday, housing starts and the producer price index on Wednesday, and the consumer price index, jobless claims, industrial production, leading indicators and the Philly Fed survey on Thursday.
On Friday: Quadruple witching day. S-s-s-s-s-c-a-r-y!
Trading Calendar:
By my rules, at this point in the cycle I can trade April diagonal, butterfly, vertical and calendar spreads, iron condors and covered calls. Also, May or later straddles, calls and puts. And of course, shares are good at any time.
Enjoy the weekend!
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