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Futures (ES, NQ, GC, CL) – 28 June 2017

28 June 2017

Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)

Futures (ES, NQ, GC, CL) – 27 June 2017

27 June 2017

Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)

Futures (ES, NQ, GC, CL) – 23 June 17

23 June 2017

Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)

Options – 18 December 15 Monthly Income – Bull PUT on SPX

Update

14 December 2015

We closed this CALL credit spread and bought it back for $0.05. Overall, it was a small profit to be redeployed for the next trade.

8 December 2015

We sold a monthly CALL credit spread at 2135/2145 for $1.10. The total Return-on-Risk for this new trade is 1.10/8.90 = 12.36 % excluding transaction cost. The PUT credit spread was closed for $1.75.

27 November 2015

We sold a monthly PUT credit spread at 2015/2005 for $1.15. The total Return-on-Risk for this new trade is 1.15/8.85 = 13.00 % excluding transaction cost. Expiration is at 9:30 am, 18 December 2015 (EST)

Options – 21 August 15 Monthly Income – Bull PUT on SPX

Update

21 August 2015

This PUT credit spread expired worthless. The Settlement price was 2015.47.

13 July 2015

We sold a monthly PUT credit spread at 1980/1970 for $1.30. The total Return-on-Risk for this new trade is 1.30/8.70 = 14.94 % excluding transaction cost. Expiration is at 9:30 am, 21 August 2015 (EST)

Options – 17 July 15 Monthly Income – Bull PUT on SPX

Update

13 July 2015

We closed this trade by buying it back for $0.05. Option expiration is this coming Friday morning.

15 June 2015

We sold a monthly PUT credit spread at 1980/1970 for $1.30. The total Return-on-Risk for this new trade is 1.30/8.70 = 14.94 % excluding transaction cost. Expiration is at 9:30 am, 17 July 2015 (EST)

Options – 18 June 15 Monthly Income – Bear Call on SPX

Update

5 June 2015

We closed this trade by buying it back for $0.05. Option expiration is another 2 weeks away.

18 May 2015

We sold a monthly CALL credit spread at 2185/2195 for $1.05. The total Return-on-Risk for this new trade is 1.05/8.95 = 11.7 % excluding transaction cost. Expiration is at 9:30 am, 19 June 2015 (EST)

15 January 2016 – The bears triggered panic selling

The Shanghai Exchange Index closed below 3000 and we had a long weekend coming and that seems to have triggered some panic selling. The Vix is trading in the high 20s which is a sign of fear by market participants.

Dow Transportation gapped down and dropped on market open. It continued trading downward till early afternoon when buyers came in and it closed with a hammer candle in oversold territory. Pivot momentum remains downward. MPM is showing nett selling pressure. The index closed at 6689.94 which is about 28% below its peak of 9310.22 achieved on 28 November 2014.

Dow Industrial gapped down and dropped on market open. It continued trading downward till early afternoon and reversed upward to close with a hammer candle pattern. Pivot momentum remains downward. MPM is showing nett selling pressure. The index is grossly oversold.

Russell 2000 dropped on market open and continued selling off till midday and broke through the 1000 levels. Buyers came in and it closed with a hammer candle in oversold territory. Pivot momentum remains downward. MPM is showing nett selling pressure.

Nasdaq 100 had a huge gap down on market open and continued selling down till midday. Buyers came in and it traded upward to close with a spinning top doji candle in oversold territory. Pivot momentum remains downward. MPM is showing nett selling pressure.

S&P 500 dropped on market open and sold down till midday when it reversed upward. It closed with a bearish candle at 1880.33 in oversold territory. Pivot momentum remains downward. MPM is showing nett selling pressure.

Market sentiment is bearish. Market breadth continues to slope downward showing overall nett losers to gainers. Vix has increased to 27.02 showing there is fear in the market. The market is reacting to several global events such as the selling off in the Shanghai Exchange index and poor economic data from the US itself. The Russell 2000 has already entered bear market territory and it looks like the rest of the indices will play catch-up. The prognosis is that the market is extremely bearish and sideways and further downside move is possible although the indices are due for a bounce as they are grossly oversold.

 

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