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)

2 February 2016 – Market turns lower

The oil futures sold off in pre-market trading and took the cash market with it. For the moment, performance in the cash market is inter-twined with the oil futures.

Dow Transportation dropped on market open as it catches up to the index futures. It continued trading downward for the rest of the day and closed with a bearish Marubozu candle within a reverse trend kicker candle pattern. Pivot momentum has reversed downward. Buying pressure is at 76% showing weakening buying pressure. Daily fractal support and resistance are at 6403.31 and 6927.96 respectively.

Dow Industrial dropped on market open as it catches up to the index futures. It range traded for the most part of the day and grind lower to closed with a bearish Marubozu candle within a Evening Star candle pattern. Pivot momentum has reversed downward. Buying pressure is at 76%. Fractal support and resistance are at 15450.56 and 16593.51 respectively. The Dow Industrial is in a monthly Squeeze.

Russell 2000 dropped on market open as it catches up to the index futures. It spend the rest of the day grinding lower and closed with a bearish Marubozu candle. Pivot momentum has reversed downward. Buying pressure is at 9% which means a strong selling pressure. Fractal support and resistance are at 958.47 and 1021.84.

Nasdaq 100 range traded in the first two hours after market open before selling off. It closed with a bearish Marubozu candle within an Evening Star candle pattern. Pivot momentum has reversed downward. Buying pressure has decreased to 46% which means there is more selling than buying. Fractal support and resistance are at 3992.91 and 4268.11 respectively.

S&P 500 dropped on market open as it catches up to the index futures. It range traded for the first two hours before grinded downward for the rest of the day and closed with bearish Marubozu candle. Pivot momentum has reversed down upward. Buying pressure is at 38% which means there is nett selling pressure. Fractal support and resistance are at 1812.28 and 1908.85 respectively. The S&P 500 is in a monthly Squeeze.

Vix has gone up to 21.98. Oil is trading at trading below $30 per barrel which has put pressure on the market. Gold continues to soar with good volume support.

Market sentiment has turned bearish. Market breadth is flattening again. The indices are unable to continue higher through lack of buying pressure. Russell 2000 continues to lead the market downward. The prognosis is that the market lack strong buying pressure and continues to be volatile. Selling pressure is persistent in this market and as such this could be the next turn downward in the market.

 

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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