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)

17 March 2016 – A FED market

The market liked the messages from the FOMC meeting the previous day and took off upward.

Dow Transportation shot upwards on market open and continued trading upward throughout the day. It closed with a bullish Marubozu candle above its 200 SMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Dow Industrial traded indecisively in the first hour before it took off upwards. It traded upwards for the rest of the day and closed with a bullish Marubozu candle above 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 traded downward in the first half hour before buyers came in and it rocketed upwards. It continued its upward ascent throughout the day and closed with a big bullish candle above its 50 SMA. Next target is the 200 SMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Nasdaq 100 traded downward in the first hour of trading before buyers came in. It grinded its way upward and closed with a spinning top doji candle below its 200 SMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 99.8%.

S&P 500 hesitated in the first half hour of trading before buyers came in. It rocket upwards for the rest of the day and closed with a bullish candle. Pivot momentum remains upward. The volumetric buying pressure is at 100%. The S&P 500 is in a monthly Squeeze.

Vix closed down at 14.44. Skew is down at 126.65 which is within its normal range.

Oil (/CL) futures is up at $41.62 per barrel and it looks like the bottom for oil has been set. Gold (/GC) futures is up at 1265.1 an ounce. Silver (SLV) ETF is at 15.16. It is a weak season for gold and further downside can be expected. DBA (commodities ETF) is up at 21.15 in a vertical move upward.

Junk bonds ETF (HYG) continues to show strength and is up at 82.21. Bonds ETF (TLT) closed at 128.79. Biotech (IBB) ETFs is down at 247.09 in a biotech sell-off. It is about to reach a double bottom. Semiconductor ETF (SOXL) continues to show strength and closed up at 25.78 above its 200 SMA for the first time in 4 months.

The USD/JPY closed down at 111.12 and has formed a Squeeze. The market has not been correlated to this currency pair for the last week but that could change rather quickly.

Analysis
Market sentiment is very bullish. Market breadth continues to slope upward. The S&P 500 is in a rising wedge pattern and could reach its peak at 2060.

The prognosis is that the market likes the announcement from the FED and continues its bullish trend. Coupled with stocks buyback, the market has been doing very well for the last 5 weeks. Stocks buyback is due to end and also there is a end of quarter ETF rebalancing and that will increase the volatility.

Volumetric buying pressure remains very strong. The upward momentum remains but is extended. This market is likely to pullback within the next few days.

 

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>