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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)

10 February 2016 – It was a fizzle

With premarket looking rather ominously bullish, the market fizzled as Janet Yellen congressional testimony dragged on.

Dow Transportation tried to break through its fractal resistance at 7069.16 but failed. The index range traded for the rest of the day and closed with a small inverted hammer candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 80.58.0%. Fractal support and resistance remains at 6655.86 and 7069.16 respectively. The index is in a daily Squeeze.

Dow Industrial traded upward in the first hour and reversed downward for the rest of the day. It closed with a bearish hammer candle. Pivot momentum remains downward. Short term volumetric buying pressure is at 73.25%. Fractal support and resistance remains at 15960.66 and 16485.84 respectively. The Dow Industrial is in a daily and monthly Squeeze.

Russell 2000 traded upward in the first hour after market open but the momentum fizzled out. It range traded for the rest of the day and sold off in the last hour to close with a low closing doji. Pivot momentum remains downward. Short term volumetric buying pressure is at 0% which mean a strong selling pressure. New fractal support and resistance are at 955.71 and 1037.27. The index is in a daily Squeeze and is poised to break out to the downside.

Nasdaq 100 gapped up on market open and continued trading upward in the first hour. It range traded for the rest of the day and sold down in the last hour and closed with an inverted hammer. Pivot momentum remains downward. Short term volumetric buying pressure is at 0.0% which means strong selling pressure. Fractal support and resistance remain at 3787.23 and 4301.63 respectively. The index is in a daily and monthly Squeeze.

S&P 500 traded upward in the first hour after market open and then range traded for the rest of the day. It sold down in the last hour and closed with a low closing doji candle. Pivot momentum remains downward. The volumetric buying pressure is at 33.61%. Fractal support and resistance remain at 1812.29 and 1940 respectively. The S&P 500 is in a daily and monthly Squeezes.

Vix remains steady at 26.29 showing fear in the marketplace.

For commodities, oil (/CL) price dropped to $26.91 per barrel. Gold (/GC) continues to show strength and is trading at 1209.2 an ounce. Silver (SLV) showed a slight gain at 14.55.

Junk bonds (HYG) continued its sell-off. The treasury bonds continued to scream higher as investors escape to safety. Semiconductor (SOXL) and Biotech (IBB) ETFs continued its downward trend.

The Yen continued to appreciate against the dollar which put downward pressure on the market. Likewise, the Euro is appreciating against the dollar.

Market sentiment has turned bullish. Market breadth continues to turn downward. The indices face strong selling pressure and looked set to break out of their Squeezes. The prognosis is that the market is poised for big moves and need a catalyst for it. Short term direction is sideways and intermediate direction is downward.

 

To YOUR wealth!

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