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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)

11 February 2016 – European market tanks

European market tanked and took the US market with it. In the cash session, the indices managed to recover some of its pre-market losses.

Dow Transportation gapped down on market open and rallied in the first half hour before selling off. It range traded for the rest of the day and rallied in the last hour to close with a small hammer candle. Pivot momentum has reversed downward. Short term volumetric buying pressure is at 82.8%. Fractal support and resistance remains at 6655.86 and 7069.16 respectively. The index is in a daily Squeeze.

Dow Industrial gapped down on market open and continued trading downward for the rest of the day. It rallied in the last hour and closed with a bearish Marubozu candle. Pivot momentum remains downward. Short term volumetric buying pressure is at 65.62%. Fractal support at 15960.66 was broken and new support and resistance are at 15450.56 and 16485.84 respectively. The Dow Industrial is in a daily and monthly Squeezes.

Russell 2000 gapped down on market open and range-traded for most part of the day. It rallied in the last hour and closed with a small hammer candle. Pivot momentum remains downward. Short term volumetric buying pressure is at 16.43%. Fractal support at 955.71 was broken and new support and resistance are at 952.9 and 1037.27. The index is in a daily Squeeze and is poised to break out to the downside.

Nasdaq 100 gapped down on market open and range-traded for most part of the day. It rallied in the last hour and closed with a small bullish candle. Pivot momentum remains downward. Short term volumetric buying pressure is at 43.15%. Fractal support and resistance remain at 3888.78 and 4301.63 respectively. The index is in a monthly Squeeze.

S&P 500 gapped down on market open and continued its slow sell-off for the rest of the day. It rallied in the last hour and closed with a hammer candle. Pivot momentum remains downward. The volumetric buying pressure is at 36.66%. Fractal support and resistance remain at 1812.29 and 1940 respectively. The S&P 500 is in a daily and monthly Squeezes.

Vix has increased to 28.14 as fear increases in the marketplace.

Oil (/CL) futures price made small gain at $27.62 per barrel due to rumour of possible cut back in production by OPEC. Gold (/GC) futures continues to be the refuge of fear money and is trading at 1236.7 an ounce. Silver (SLV) ETF made small gain at 14.95.

Junk bonds (HYG) continued its sell-off. Bonds ETF (TLT) continues to ratchet higher with the market sell-off. Semiconductor (SOXL) and Biotech (IBB) ETFs continued its downward trend.

The USD/JPY continued to its downward momentum as the Yen appreciates against the dollar. EUR/USD continues to trade higher as the dollar loses strength against the major currencies.

Market sentiment is slightly bullish. Market breadth continues to turn downward. The indices continues to face strong selling pressure due to global events. The current sell-off has no China factor as the Shanghai Stock Exchange (SSE) is closed for the Chinese New Year.

Dow Transportation and Russell 2000 are 26% and 26.4 down from their peaks. They are already in bear market territory. Dow Industrial, Nasdaq 100 and S&P 500 are 14.6, 16.4 and 14.3% down from their peaks. The prognosis is that the market continues to be under selling pressure as the beginning of the bear market takes hold.

 

To YOUR wealth!

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