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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)

7 March 2016 – A market top

A short term market top is developing when market participants are buying low quality stocks and pushing it higher.

Dow Transportation dropped in the first half hour after market open and then reversed higher till midday. it range traded for the rest of the afternoon and closed with a high closing doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Dow Industrial pushed higher from market open till after midday. It then range traded for the rest of the afternoon and closed with a small high closing spinning top doji candle. It is now approaching its 200 SMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%. The Dow Industrial is in its monthly Squeeze.

Russell 2000 pushed up on market open till after midday. It sold off and recovered to close with a Marubozu candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Nasdaq 100 range traded in the first two hours after market open before some buying pressure came in. It fizzled out and sold off below its open but recovered to close with a doji candle above its 50 SMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 90.77%.

S&P 500 range traded in the first half hour after market open before buyers came in and pushed it higher till midday. It sold off but recovered to close with a spinning top doji candle. Pivot momentum remains upward. The volumetric buying pressure is at 99.8%. The S&P 500 is in a monthly Squeeze.

Vix closed up at 17.35. Skew is within a normal range at 124.01.

Oil (/CL) futures surged to $37.56 per barrel. Gold (/GC) futures is up at 1271.8 an ounce. Silver (SLV) ETF is at closed at 14.90.

Junk bonds ETF (HYG) made slight gain and closed at 80.97. It is now trading sideways. Bonds ETF (TLT) is at 128.56. Biotech (IBB) ETFs is up at 269.76. Semiconductor ETF (SOXL) is at 24.37.

The USD/JPY is heading south at 112.77 which will put pressure on the market.

Market sentiment is overly bullish which means that the market is in for a short term pullback. Market breadth continues to slope upward. The Russell 2000 is catching up to the other indices will the Nasdaq 100 is undecided.

The prognosis is that the market is due for a consolidation over this coming week as market participants are overly enthusiastic. The market sentiment and the Gold/Vix ratio indicators are flashing cautionary warnings.

 

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