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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)

8 February 2016 – Bearish momentum continues

Bearish sentiment continues and the sell-off continues.

Dow Transportation dropped on market open and range traded for most part of the day. It rallied towards the end of the day and closed with a small doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100.0%. Fractal support and resistance are at 6655.86 and 7000.71 respectively. The index is in a daily Squeeze.

Dow Industrial dropped on market open and range traded for the rest of the day. It rallied towards the end of the day and closed with a hammer candle below its 21 EMA. Pivot momentum is downward. Short term volumetric buying pressure is at 96.04%. Fractal support and resistance are at 15960.66 and 16485.84 respectively. The Dow Industrial is in a daily and monthly Squeeze.

Russell 2000 dropped on market open and then range traded for the rest of the day. It rallied at the end of the day and closed with a small bearish Marubozu candle. Pivot momentum remains downward. Short term volumetric buying pressure is at 0% showing strong selling pressure. Fractal support and resistance are at 958.47 and 1037.27. The index is in a daily Squeeze.

Nasdaq 100 gapped down on market open and see-saw its way downward before rallying towards the end of the day. It closed with a small spinning top doji candle. Pivot momentum remains downward. Short term volumetric buying pressure is at 26.59% which means increasing volumetric sell-side pressure. The index closed at 3960.67 below its previous support. New fractal support and resistance are at 3787.23 and 4301.63 respectively. The index is in a daily and monthly Squeeze.

S&P 500 dropped on market open and then range traded for the rest of the day. It rallied at the end of the day and closed with a hammer candle. Pivot momentum remains downward. The volumetric buying pressure is at 65.36% which means a weakening buying pressure. New fractal support and resistance are at 1812.29 and 1940 respectively. The S&P 500 is in a monthly Squeeze.

Vix has increased to 26.00. Oil futures is trading flat at about $31.18 per barrel. Gold continues to show strength and is trading at 1192.1 an ounce. With the exception of the Russell 2000, the rest of the indices are in volatility compression (Squeeze) either in their daily or monthly charts or both.

Junk bonds (HYG) continues to sell-off. The semiconductor (SOXL) sector continues to face selling pressure. Likewise, the bio-technology (IBB) sell-off continues.

Market sentiment remains bearish. Market breadth has flattened. The indices faces selling pressure and are in their daily and monthly Squeezes. The prognosis is that the market continues to be bearish.

 

To YOUR wealth!

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

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