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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)

Week ending 8 February 2016 – A Bear market in the Year of the Monkey

First of all, we wish our readers a Happy Year of the Monkey 2016. May your wishes and dreams come true.

The market has made a decisive move downwards and we are calling it a bear market. The Dow Jones Transportation is down 25.42% from its peak of 9310.22 and is in its own bear market. The Russell 2000 is down 23.95%, Dow Jones Industrial is down 11.70%, Nasdaq 100 is down 15.09% and Samp;&P500 is down 11.92% from their respective peaks of 9310.22, 1296, 4739.75 and 2134.72. It looks like the Dow Jones Industrial, Nasdaq 100 and Samp&;P 500 has quite of bit of catching up to do with the Transportation and Russell 2000 index.

Gold continues to show strength with heavy volume coming in to buy. The indices are correlated with the price of oil and if we expect the indices to head down further, then we can also expect the price of oil to weaken further and trade below US$30 per barrel. Will the market weaken further but the price of oil stabilises which means that the correlation between the price of oil and the indices loses correlation?

The Friday job report has the US unemployment rate at 4.9% which is the lowest since February 2008 shows job recovery remaining firm. The number of new jobs created at 159,000 is decreasing from previous months and well below the 200,000+ that it has been achieving in previous months.

We are right in the middle of earnings season. Google gapped up on good earnings but was sold off with the bearish sentiment in the market. Most of the multi-national companies provided less than stellar guidance for the quarter and year ahead due to the headwind with the strong US dollar.

The Week Ahead.
The indices are heading lower and it catches up with the weakening base currencies chart. Are the mining and commodities stocks bottoming? XME which is the ETF for commodities shows buying volume increasing. Let’s watch how it performs in the coming week?

 

To Your Wealth

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