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)

22 March 2016 – Market stays strong despite the tragedy in Brussels

The pre-market reacted to the tragedy in Brussels but the cash market recovered and showed its strength. Except for the transportation index, the other indices recovered from the initial sell-off.

Dow Transportation had a small gap down on market open due to the tragedy in Brussels. It range traded throughout the day and closed with a small bearish candle. Pivot momentum remains upward. Daily volumetric buying pressure is at 100%.

Dow Industrial was indecisive in the first hour of trading. It then traded upward till late afternoon before selling off to close with a small doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Russell 2000 had a small gap down on market open and traded downward in the first half hour. Buyers came in and it traded upward for most part of the day and closed with a doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 99.9%.

Nasdaq 100 gapped down on market open but immediately rallied and traded upward for the rest of the day. It closed above its 200 SMA with a bullish Marubozu candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

S&P 500 gapped down on market open but rallied upward for most part of the day. It sold off in the last hour of trading and closed with a 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 $41.02 per barrel. Gold (/GC) future is trading at 1237.2 an ounce. Silver (SLV) ETF is up at 15.12. The price of oil continues to keep the market bullish as long as it holds. DBC ETF closed at 13.72.

Bonds
Junk bonds ETF (HYG) had a pause and closed at 82.09. Bonds ETF (TLT) is at 128.04. The bonds are just trading sideways which means indecision.

Currencies
USD/JPY is at 112.37 and is in a Squeeze. The dollar index (/DX) is at 95.740. EUR/USD is at 1.1208.

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, XLK and XLU. The technology sector has moved up a notch and the utilities sector has moved down a notch. .

Market Internals
Vix closed up at 14.17. Skew is up at 130.99. Market sentiment has moved to neutral. Market breadth continues to slope upward.

The week ahead
The prognosis is that the market remains bullish overall and a sideways market with small pullbacks are likely.

 

To YOUR wealth!

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