FRED

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)

1 February 2016 – A slow grind upward into indecision

The market is now closely correlated to the price of crude futures and it was a day of indecision.

Dow Transportation had a slow start and grinded its way upward till midday when more buying support came in. It had faster price acceleration and closed the day with a small spinning top doji candle at 6968.83. Pivot momentum is upward. Buying pressure is at 100% showing very strong volume entering the index. Daily fractal support and resistance are at 6403.31 and 7013.8 respectively.

Dow Industrial range traded for the most part of the day and buying pressure came in the late afternoon. It closed the day with a small doji candle at 16449.18. Pivot momentum remains upward. Buying pressure is now at 100% which means that there are volume coming into the index. Fractal support and resistance are at 15450.55 and 16593.52 respectively. The Dow Industrial is in a monthly Squeeze.

Russell 2000 dropped in the first half hour after market open and spent the rest of the day grinding upward. It closed with a small doji candle at 1032.38. Pivot momentum remains upward. Short term buying pressure is at 21% which means the price is going up without much volume support. Fractal support and resistance are at 958.47 and 1160.38.

Nasdaq 100 traded downward on market in the first half hour after market open before starting a slow grind upward. It closed with a small bullish spinning top doji candle at 4286.55. Pivot momentum remains upward. Short term volumetric Buying Pressure has increased to 67%. Fractal support and resistance are at 3992.91 and 4359.5 respectively.

S&P 500 traded downward in the first half hour after market open and probed for the day’s low. It grinded upward for the rest of the day and closed with a small doji candle at 1939.38. Pivot momentum remains upward. Volumetric buying pressure is at 55%. Fractal support and resistance are at 1812.28 and 1950.33 respectively. The S&P 500 is in a monthly Squeeze.

Vix has dropped to 19.98. Oil is trading at above $31 per barrel and is now showing much buying pressure. Gold continues to soar with good volume supporting the steady buying pressure.

Market sentiment is slightly bullish. Market breadth is showing a positive slope upward. The indices continues to grind upward. Good volume buying pressure has come into the market for the Dow Industrial. Russell 2000 continues to show weakness with low volume buying pressure even as it grind upward. The prognosis is that the market will continue to grind upward and we continue to watch the action in the Russell 2000 and the Dow Transportation as they are the leading indicators for where the market is heading in the longer term.

 

To YOUR wealth!

Note: We are using ViCS trading system to do our daily market analysis from here on. It is our latest development and we now introduced volume into our analysis of the price action.

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