Thursday, June 9, 2011

6/10 Almanac

On Friday, June 10: Import and export prices, Treasury budget.

There are eight trading days before the June options expire, 36 the July, 71 the August and 99 the September.

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


Blue chip stocks (SPY) closed the latest regular session up 0.8% from the prior close. During the day SPY traversed 1.1% in a net move up of 0.5%.

The day's extremes: Open $128.77, high $129.93, low $128.46, close $129.40.

SPY closed above the DeMark pivots after trading within their range. The next DeMark pivots are $128.93-$130.40.

In total, 2.6 billion shares were traded on the three major U.S. stock exchanges, 16% fewer than on the prior trading day.

Five-year bond yields imply inflation at 2.09%, one point higher than the prior trading day.

Econ reports:

The Labor Department reports on import and export prices at 8:30 a.m. Eastern, and the Treasury Department releases its monthly budget report at 2 p.m. The latter answers the key question: Is the deficit large enough to make Tea Partiers swoon?

Not a Fedster is stirring.

The Federal Reserve maintains an archive, where it 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 July vertical, calendar, diagonal and butterfly spreads, iron condors and covered calls, as well as September or later straddles, strangles, calls and puts. And of course, shares are good at any time.

Good trading!

No comments:

Post a Comment