Wednesday, June 29, 2011

6/30 Almanac

On Thursday, June 30: Jobless claims.

There are 16 trading days before the July options expire, 51 the August, 79 the September and 113 the October.

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


Blue chip stocks (SPY) closed the latest regular session up 0.9% from the prior close. During the day SPY traversed 1.0% in a net move up of 0.4%.

The day's extremes: Open $130.20, high $130.93, low $129.63, close $130.72.

SPY closed above the DeMark pivots after trading within their range. The next DeMark pivots are $130.18-$131.48.

In total, 2.7 billion shares were traded on the three major U.S. stock exchanges, 1% more than the prior trading day.

Five-year bond yields imply inflation at 2.10%, 17 basis points higher than the prior trading day.

Econ reports:

The weekly jobless claims report will be out at 8:30 a.m. Eastern. A surprise here has huge impact on the markets.

Also out, an index of Chicago-area business activity by the Institute of Supply Management, at 9:45 a.m., the natural gas report at 10:30 a.m., and the Federal Reserve balance sheet and money supply report, both at 4:30 p.m.

Treasury announces funding needs for 3- and 6-month bills at 11 a.m.

St. Louis Fed Pres. James Bullard gives a speech. He lacks a seat on the monetary policy committee. A child of the Fed, Bullard took office under President George W. Bush.

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 October or later straddles, strangles, calls and puts. And of course, shares are good at any time.

Good trading!

No comments:

Post a Comment