We Are Here!

Marker Animations

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)

Week ending 4 March 2016 – An overly bullish market participants

Late market participants are hopping on the bullish bandwagon and buying just about everything in sight which is an indication of an intermediate market top.

The jobs data reported that the US economy added 242,000 jobs in February 2016. The figures for December and January were revised up by 30,000. The unemployment rate is at 4.9%.

WSJ reported that top officials from the Eurozone warned the BoJ about intervening in the currency market and driving the value of the Yen down. Money printing is alright as a strategy to devalue the currency.

Dow Transportation soared on market open and reached its peak for the day in the early afternoon. It suffered a big drop within an hour and range traded for the rest of the day to close with an inverted hammer candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 98.7%.

On the weekly chart, it closed with a bullish chart within a doji sandwich candle pattern. Next target is the weekly 50 SMA. It is now trading at 17.8% below its peak. It is still in correction territory.

Dow Industrial soared in the morning trading and then range traded before dropping in the afternoon session. It closed above 17000 with a small spinning top doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

On the weekly chart, it closed with a bullish candle in an uptrend. The weekly 50 SMA is the next resistance it has to overcome to go further up. It closed at 7.3% below its peak. The Dow Industrial is in its monthly Squeeze.

Russell 2000 soared in the first two hours after market open and then range traded till mid afternoon. It dropped like a stone within an hour and had a bounce before closing with a spinning top doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

On the weekly chart, it closed with a big bullish candle above its weekly 200 SMA and on its 21 EMA. Next target is the 50 SMA. It closed at 16.3% below its peak and is still in correction territory.

Nasdaq 100 had a M-shaped trading day. It traded upward on market open and did a scoop pattern to reach its peak for the day. It then sold off and closed the day with a doji candle above its 50 SMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 89.2%.

On the weekly chart, it closed with a bullish candle within a bullish doji sandwich candle pattern on its 21 EMA. Next target is the weekly 50 SMA. It is now trading at 8.6% below its peak.

S&P 500 soared on market open and reached its peak in early afternoon trading. It sold off and close the day with spining top doji above its 50 SMA at 1999.99. Next target is its daily 200 SMA. Pivot momentum remains upward. The volumetric buying pressure is at 98%. The S&P 500 is in a monthly Squeeze.

On the weekly chart, it closed with a bullish candle above its weekly 21 EMA. It is now trading at 6.3% below its peak which was at 2134.72.

Vix closed down at 16.86 as fear leaves the market. Skew remains at 125.27 which is within the normal market conditions.

Oil (/CL) futures gained and is at $36.33 per barrel. Gold (/GC) futures is up at 1260.1 an ounce. Silver (SLV) ETF made a slight gain and closed at 14.76. Oil is growing from strength to strength and that has helped the market.

Junk bonds ETF (HYG) closed with a doji at 80.87. Bonds ETF (TLT) is down at 128.60. Biotech (IBB) ETFs is down at 263.13. Semiconductor ETF (SOXL) made small gain at 24.10. Junk bonds is also attracting the buyers as the yield is good at over 7%.

The USD/JPY is trading at 113.794 and is trading sideways for the week past.

The week ahead
Market sentiment is bullish. Market breadth continues to slope upward. Market internals are starting to show indiscriminate buying as late buyers joined in.

The prognosis is that the market is strong. We could see an intermediate pullback which will shake out the late comers in the coming week.

 

To YOUR wealth!

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>