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 April 2016 – Market chops around

We are seeing the indices chopping around as it has met with heavy resistance levels. Earnings season is here and will provide more volatility to the market.

Dow Transportation gapped down on market open and immediately rallied upwards till late morning. It sold off in early afternoon session and closed with a small bearish Marubozu candle. Pivot momentum remains downward. Daily volumetric buying pressure is at 79.5%.

Dow Industrial traded down on market open and range traded for the morning session before selling off. It closed with a bearish Marubozu candle on its 21 EMA. Pivot momentum has reversed downward. Short term volumetric buying pressure is at 91.6%.

Russell 2000 sold off on market open for the first hour before range trading for the rest of the morning. It sold off again in early afternoon trading and closed with a big bearish Marubozu candle. Pivot momentum has reversed downward. Volumetric buying pressure is at 82.7%.

Nasdaq 100 gapped down on market open and traded downward for the first two hours. It then range traded till early afternoon before selling off and closed with a bearish Marubozu candle. Pivot momentum has reversed downward. Volumetric buying pressure is at 89.3%. The Nasdaq 100 is in a monthly Squeeze.

S&P 500 gapped down on market open and traded downward for the first hour. It then range traded till early afternoon before selling off to close with a big Marubozu candle. Pivot momentum has reversed downward. Volumetric buying pressure is at 91.6%. The S&P 500 is in a monthly Squeeze.

Commodities
Oil (/CL) futures gained is trading down at $37.91 per barrel. Gold (/GC) futures is trading at 1238.3 an ounce. Silver (/SI) futures is at 15.185. Commodities (DBC) ETF closed at 12.95.

Bonds
Junk bonds ETF (HYG) is at 81.15 in a sideways market. Bonds ETF (TLT) is at 132.85.

Currencies
USD/JPY is at 108.79 which should be creating problems for the market. The dollar index (/DX) is at 94.59 in a sideway market. EUR/USD is at 1.1371 in a sideway action.

Relative Strength – Sectors
On a month lookback period, the ETFs outperforming the S&P 500 are XLV, XLK and XLY respectively. There is a rotation to healthcare XLV and its component stocks.

On a quarterly lookback period, the relative strength order areXLE, XLB, XLI, XLK, XLY and XLU respectively. Financial stocks are not doing well.

Market Internals
Vix closed up at 16.16. Skew is down at 125.13. Market sentiment is neutral. Market breadth has rounded downward. Volumetric accumulation/distribution has rounded downward as well.

The Week Ahead
The beginning of the earnings season has contributed to the increase in volatility. Earnings is expected to deteriorate further and there is a disconnect between the divergence between the prices of the indices and their fundamentals. Also, the indices are hitting strong resistance levels.

The prognosis is that the volatility will continue throughout the earnings season.

 

To YOUR wealth!

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