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)

21 March 2016 – Market momentum slowing?

The week started on a bullish note with further upward moves in the indices but signs of over bullishness is starting to appear in the market.

For the week ahead, we have economic reports including the PMI Manufacturing Index on Tuesday, new home sales Wednesday, durable goods orders Thursday and the final numbers on fourth-quarter GDP and corporate profits, due Friday. We could see some market reaction to any one of those reports.

Dow Transportation had a indecisive day. It had a gap up on market open but sold off immediately. It managed to recover and grind its way upward to close with a small doji candle. Pivot momentum remains upward. Daily volumetric buying pressure is at 100%.

Dow Industrial see-saw up and down in the first hour of trading before buyers came in. It grinded its way upward in late morning trading and closed the day with a doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Russell 2000 has been the weakest of the five indices that we track. It range traded within a 7 point range and closed the day with a small spinning top doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 98.1%.

Nasdaq 100 managed to make a 16.15 points gain for the day. It range traded for the morning session and grinded its way upward to close with a bullish candle with a doji sandwich candle pattern. It closed above its 200 SMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

S&P 500 range traded in the morning session before grinding its way upward in the afternoon session. It closed with a spinning top doji candle. Pivot momentum remains upward. Volumetric buying pressure is at 100%. The S&P 500 is in a monthly Squeeze.

Commodities
Oil (/CL) future is trading at $41.55 per barrel. Gold (/GC) future is trading at 1243.3 an ounce. Silver (SLV) ETF is up at 15.06. The price of oil continues to keep the market bullish as long as it holds. The DBC ETF continues to trade upward and is at 13.62.

Bonds
Junk bonds ETF (HYG) had a pause and closed at 82.31. Bonds ETF (TLT) is at 128.07.

Currencies
USD/JPY is at 112.13 and is still in a downtrend. The dollar index (/DX) is at 95.465. EUR/USD is at 1.1233.

Relative Strength – Sectors
On a month lookback period, the ETFs outperforming the S&P 500 are XLE, XLB, XLF, XLI and XLK. On a quarterly lookback period, the relative strength order are XLE, XLB, XLI, XLF, XLY, XLU and XLK. Essentially this means that the energy sector and basic material (commodities) have been strong for the last 3 months and continue to be outperform. The finance sector is looking to move up.

Market Internals
Vix closed down at 13.79. Skew is up at 129.35. Market sentiment remains bullish. Market breadth continues to slope upward.

The week ahead
The prognosis is that the market continues its momentum upward but in overbought conditions. With the number of dojis in the indices, it is likely we could see a sideway market for a short few days before resuming its move upward.

 

To YOUR wealth!

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