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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)

24 January 2016 – Markets bounced

After 3 weeks of selling, the market were rather oversold. Oil had a reversal and that gave market participants the confidence to get into the market. As the indices and particularly the S&P 500 bounced out of its oversold zone, the question is how far? Are we due for another leg down after the bounce or will the bounce turns out to be something more?

The VIX has fallen to 22.34 as of close of Friday, 22 January as the S&P 500 bounced upward.

The Shanghai Composite Index managed to follow oil prices upward and closed at 2916.56 as oil futures turned around and closed above $30. For the SSE index, the 3000 level is now the resistance level for it to breach. Currently, there is correlation between the US market and the Shanghai market. We have not seen the bottom in the Shanghai market and if that correlation persists, we should see further downside for the US market.

The Nikkei futures had a big day on Friday and gained 825 points to close at 17305. It had reached a low of 15820 the previous day after three weeks of incessant selling. Looking at the daily candlesticks chart, the Nikkei had a Morning Star candle pattern. On the weekly chart, it shows a hammer candle in an oversold zone.

The Week Ahead.
Looking at the week ahead, we have potential market movers. With the recent sell-off in the Nikkei, and the strengthening of the Yen versus the US Dollar, the Bank of Japan might be tempted to announce further monetary easing. The Yen has recently been gaining against the US Dollar which had contributed to the sell-off in the US market.

The FOMC meets this week but there shouldn’t be any surprises coming out of it.

Mario Draghi signaled that there could be further monetary easing in March 2016 conducted by the ECB. A likely result would be the EUR/USD moving lower.

 

To Your Wealth

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