9/9 Almanac

On Friday, Sept. 9: Wholesale trade.

There are eight trading days before the September options expire, 43 the October, 71 the November and 99 the December.

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

Stats

Blue chip stocks (SPY) closed the latest regular session down 1.0% from the prior close. During the day SPY traversed 1.8% in a net move down of 0.4%.

The day's extremes: Open $119.57, high $120.94, low $118.77, close $119.04.

SPY closed below the DeMark pivots after trading within their range. The next DeMark pivots are $117.82-$119.99.

In total, 2.9 billion shares were traded on the three major U.S. stock exchanges, 8% more than on the prior trading day.

Five-year bond yields imply inflation at 1.78%, three basis points higher than the prior trading day.

Econ reports:

The Census Bureau releases the wholesale trade report at 10 a.m. Eastern. That's the sum total of the econ day. President Obama's address to Congress Thursday evening, at 7 p.m., will doubtless have much greater impact.

No Fedsters take the podium on Friday.

The Federal Reserve maintains an archive of speeches and testimony.

Trading Calendar:

By my rules, at this point in the cycle I can trade October vertical and calendar spreads, as well as December or later straddles, strangles, calls and puts. And of course, shares are good at any time.

Good trading!