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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)

3 March 2016 – Market, bond and gold are all Up

It looked like an indecisive day but then it rallied in late afternoon trade.

Dow Transportation traded decisively upward from market open. It closed with a bullish Marubozu candle above its 21 EMA and 50 SMA. Next target is the 200 SMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Dow Industrial range traded in the morning session and buyers came in the afternoon session. It losed with a small bullish hammer candle above its 21 EMA and 50 SMA. Next target is the 200 SMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%. The Dow Industrial is in its monthly Squeeze.

Russell 2000 traded sharply upward in the first two hours of trading and had a sharp sell-off. It recovered and then rallied upward to close with a bullish Marubozu candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Nasdaq 100 sold off on market open and traded downward for the morning session. It recovered in early afternoon session and traded upward for the rest of the day to close with a high closing doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 93.4%.

S&P 500 range traded in a 10 point range for the morning session. Buyers came in the afternoon session and it closed with a bullish hammer candle above its 50 SMA. Pivot momentum remains upward. The volumetric buying pressure is at 100%. The S&P 500 is in a monthly Squeeze.

Vix closed down at 16.70. Skew has gone up to 125.27 as more bears buy to close off their positions.

Oil (/CL) futures stabilised at $34.74 per barrel. Gold (/GC) futures is up at 1259.1 an ounce. Silver (SLV) ETF made a slight gain and closed at 14.50.

Junk bonds ETF (HYG) made slight gain and closed at 80.64. It is now trading sideways. Bonds ETF (TLT) is up at 129.43. Biotech (IBB) ETFs is down at 264.24. Semiconductor ETF (SOXL) is flat at 23.36.

The USD/JPY is trading at about 113.55.

Market sentiment is rather bullish. Market breadth continues to slope upward. The trading ranges in the indices are narrowing but continues to make small gains. The Gold/Vix ratio is above its overbought territory.

The prognosis is that the market is strong and has crept into over-enthusiastic territory. The skew is now in the normal range away from its oversold territory. Gold, bond and the indices are all trading in the same direction which is unusual. Caution is advised as market participants are buying everything in sight.

 

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