5/9 Almanac

On Monday, May 9: Treasury bill auctions (yawn).

There are 12 days before May options expire, 40 the June, 68 the July and 103 the August.

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


Stats

Blue chip stocks (SPY) closed the latest regular session up 0.4% from the prior close. During the day SPY traversed 1.8% in a net move down of 0.6%.

The day's extremes: Open $134.94, high $135.63, low $133.22, close $134.20.

SPY closed within the DeMark pivots after trading above their range. The next DeMark pivots are $132.51-$134.92.

In total, 3 billion shares were traded on the three major U.S. stock exchanges, 9% fewer than on the prior trading day.

Five-year bond yields imply inflation at 2.31%, three basis points lower than the prior trading day.


Econ reports:

There's nothing happening here. What it is ain't exactly clear. Just T-bills.

Treasury auctions 3- and 6-month bills at 11:30 a.m. Eastern. Otherwise, no econ. No Fedsters.

For past Fedster sightings...

The Federal Reserve maintains an archive where it posts transcripts of speeches and testimony within a few days of the event.

Later in the week, things get interesting, with international trade on Wednesday, producer prices and retail sales on Thursday, and the grand finalé, consumer prices on Friday.


Trading Calendar:

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


Enjoy the weekend!