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)

16 February 2016 – Market continues its upward grind

The market upward grind continues as the bulls buy into oversold conditions. News of potential agreement to oil production cuts by Saudi Arabia and Russia helped to drive oil prices higher which brought the market up with it.

Dow Transportation had a gap up on market open and sold off in the first half hour. The buyers came in and it traded upward for the rest of the day to close with a small bullish candle in a trend continuation candle pattern. Pivot momentum is upward. Short term volumetric buying pressure is at 100%. It has broken out of its previous resistance are at 7100.31. New support and resistance are at respectively 6792.32 and 7652.8 The index has exited its daily Squeeze.

Dow Industrial gapped up on market open and range traded for the first hour. Buyers came in late morning and it continued trading upward for the rest of the day to close with a small bullish Marubozu candle. Pivot momentum has reversed upward. Short term volumetric buying pressure is at 100%. Fractal support and resistance are at 15503.01 and 16201.89 respectively. The Dow Industrial is in a daily and monthly Squeezes.

Russell 2000 had a gap up on market open and continued trading upward for the rest of the day. It closed with a bullish Marubozu candle and broken out of its previous resistance at 983.45. Pivot momentum has reversed upward. Short term volumetric buying pressure is at 48.51%. Fractal support and resistance is at 943.1 and 1037.27.

Nasdaq 100 gapped up on market open and then sold off in the two hour hours of trading. Buyers came in late morning and traded upward for the rest of the day to close with a hammer candle. Pivot momentum has reversed upward. Short term volumetric buying pressure is at 99.22%. Fractal support and resistance has changed to 3888.78 and 4301.63 as it has broken out of its previous resistance at 4045.48.

S&P 500 gapped up on market open and range traded for the first two hours of trading. Buyers came in late morning and it traded upward for the rest of the day to close with a bullish Marubozu candle. Pivot momentum remains upward. The volumetric buying pressure is at 98.98%. New fractal support and resistance are at 1810.1 and 1947.2 and it has broken out of its previous resistance at 1881.6. The S&P 500 is in a daily and monthly Squeezes.

Vix has dropped to 24.11 as the S&P 500 rises.

Oil (/CL) futures rallied to over $30 per barrel but has since dropped back to $29.11 per barrel. Gold (/GC) futures sold off to 1209.5 an ounce from its overbought condition. Silver (SLV) ETF lost some ground to 14.51 as gold sold off.

Junk bonds (HYG) bounced and closed at 76.79. Bonds ETF (TLT) weakened as equity market gained to close at 130.11. Semiconductor (SOXL) ETF made gains and closed at 18.18. Biotech (IBB) ETFs made gains as well and closed at 258.72.

The USD/JPY is trading sideways at about 113.72. EUR/USD gained some and is trading at about 1.1168.

Market sentiment is bullish. Market breadth is sloping slightly upward. The indices continue to trade upward in anticipation of oil production cuts and oil price stabilisation. The USD/JPY has stabilised and that has help the equity market make some ground.

The prognosis is that the market continues to be volatile with potential quick reversal. The indices could be facing resistance at the round numbers. S&P 500 is near the 1900 round numbers and some selling could happen.

 

To YOUR wealth!

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