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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)

8 April 2016 – Market choppiness continues

The indices had a big run pre-market and a likely source of strength was the price of oil futures which saw a 6% gain and 8% for the week. Healthcare (biotech) sector had a good week and pullbacked the last couple of days. The retail sector has been selling off for the whole week. Defensive sector such as gold and Treasuries (bonds) rallied for the week but pullback slightly towards the end of the week. The FED continues to be accommodative which has helped the market rallied till now.

Dow Transportation gapped up on market open and traded upward till its 200 SMA in the first hour of trading. It was rejected and sold off throughout the day and closed with a inverted hammer candle below its 21 EMA. Pivot momentum remains downward. Daily volumetric buying pressure is at 77.8%.

Dow Industrial gapped up on market open and traded upward for the first hour of trading. It subsequently sold off and closed with low closing doji candle above its 21 EMA. Pivot momentum remains downward. Short term volumetric buying pressure is at 86.8%.

Russell 2000 gapped up on market open and traded upward for the first hour of trading. It reversed and sold down to its 21 EMA and had couple of bounces before closing with an inverted hammer candle . Pivot momentum has reversed downward. Volumetric buying pressure is at 81.8%.

Nasdaq 100 traded upwards for the first hour before selling off hard. It managed to rally and closed with a doji candle. Pivot momentum remains downward. Volumetric buying pressure is at 82.6%. The Nasdaq 100 is in a monthly Squeeze.

S&P 500 had a big gap up on market open and continued trading upward for the first hour of trading. It sold off and traded downward till the late morning session and range traded before a wild swing up and down to close with an inverted candle. Pivot momentum has reversed downward. Volumetric buying pressure is at 90.6%. The S&P 500 is in a daily and monthly Squeeze.

Commodities
Oil (/CL) futures made gains and is at $39.66 per barrel. Gold (/GC) futures is trading at 1240.1 an ounce. Silver (/SI) futures is at 15.36. Commodities (DBC) ETF closed at 13.26.

Bonds
Junk bonds ETF (HYG) is at 81.52 in a sideways market. Bonds ETF (TLT) is at 132.01.

Currencies
USD/JPY is at 108.05 and the strength of the Yen is creating problems for the Japanese economy. The dollar index (/DX) is at 94.22 and the US dollar continues to slide against major world currencies. EUR/USD is at 1.1396 in a sideway action for the week.

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

On a quarterly lookback period, the relative strength order are XLE, XLB, XLI, XLK, XLY and XLU respectively. Energy continues to do well in a volatile market as it is a defensive sector.

Market Internals
Vix closed up at 15.36. Skew is down at 113.84. Market sentiment is bullish. Market breadth has rounded downward but flattening. Volumetric accumulation/distribution has rounded downward and flattening as well.

The Week Ahead
The market has entered a choppy phase at the beginning of earnings season and any move downward will likely to be limited in scope. The prognosis is that market choppiness will be around longer but no major move downward is expected for the coming week as the market is well hedged to the downside.

 

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