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)

1 April 2016 – Market off to the races

The market was off to the races after the jobs report came out with 215,000 jobs created in March which was slightly above the 200,000 average forecast. Revisions to previous month was small at -1000. Average hourly earnings rose 0.3%.

Dow Transportation gapped down on market open and traded upwards throughout the day. It bounced off its 200 SMA and closed with a small bearish hammer candle. Pivot momentum has reversed downward. Daily volumetric buying pressure is at 100%. The index has been the out-performer recently and there is a sector rotation going on.

Dow Industrial had a gap down but reverse direction and shot upward. It continued trading upward for the rest of the day and closed with a big bullish candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Russell 2000 traded down on market open but reversed direction immediately. It traded upward for the rest of the day and closed with a bullish hammer candle. Pivot momentum remains upward. Volumetric buying pressure is at 100%.

Nasdaq 100 rocketed upward on market open and continued trading upward throughout the day. It closed with a big bullish Marubozu candle in a bullish engulfing candle pattern. Pivot momentum remains upward. Volumetric buying pressure is at 100%. The Nasdaq 100 is Squeeze.

S&P 500 traded down on market open and immediately reversed direction upward. It traded upward throughout the day and closed with a big bullish candle in a bullish engulfing candle pattern. Pivot momentum remains upward. Volumetric buying pressure is at 100%. The S&P 500 is in a monthly Squeeze.

Commodities
Oil (/CL) futures lost ground and is trading at $36.63 per barrel. Gold (/GC) futures is trading down at 1232.6 an ounce. Silver (/SI) futures is at 15.050. Commodities (DBC) ETF closed at 13.06.

Bonds
Junk bonds ETF (HYG) is at 81.37. Bonds ETF (TLT) is at 130.68 and in a Squeeze.

Currencies
USD/JPY traded down to 111.68 and is in a Squeeze. The dollar index (/DX) is down at 94.615. EUR/USD is up at 1.1393.

Relative Strength – Sectors
On a month lookback period, the ETFs outperforming the S&P 500 are XLU, XLK, XLB, XLY and XLI respectively. The energy sector which is a defensive sector was sold off.

On a quarterly lookback period, the relative strength order are XLB, XLE, XLI, XLK, XLY, XLU and XLF respectively. The technology sector continues to gather strength.

Market Internals
Vix closed at 13.10. Skew is down at 124.03. Market sentiment is bullish. Market breadth continues to slope up. Volumetric analysis continues to slope up which means nett accumulation.

The week ahead
The US Dollar continues to weaken which is good for the US economy especially US multi-national which are dependent on overseas market. The market is rather bullish but at the same time it is rather stretched. The improvement in the jobs report and the earnings season will be bullish for the market.

We have the April Vix futures expiring this coming Wednesday, Jobless Claims and FOMC minutes on Thursday and CPI on Friday.

The market looks healthy although overbought. Any pullbacks are likely to be bought.

 

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>