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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)

14 April 2016 – A state of indecision

Market took a breather in today’s trading. Oil and Gold pulled back slightly. Financial stocks continue to show strength. US dollar index advanced slightly which means the US dollars gained against the other currencies.

The U.S. high-yield bonds is in a bit of trouble with defaults topping $14 billion in April. Peabody Energy Corp. and Energy XXI Ltd. are the latest to file for bankruptcy this week.

Dow Transportation range traded within a 77.54 points throughout the day. It closed with a small doji candle above its 3EMA. Pivot momentum remains upward. Daily volumetric buying pressure is at 73%.

Dow Industrial traded up in the morning session. It pulled back in the afternoon session and closed with a small doji candle above its 3EMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 88.2%.

Russell 2000 traded indecisively before a burst of buying came in late morning. It pulled back in afternoon trading to close with a small doji candle below its 200 SMA. Pivot momentum is upward. Volumetric buying pressure is at 87%.

Nasdaq 100 traded upward in the morning session. It pulled back in the afternoon session to close with a small doji candle above its 3EMA. Pivot momentum remains upward. Volumetric buying pressure is at 89%. The Nasdaq 100 is in a monthly Squeeze.

S&P 500 traded upward till early afternoon. It pulled back to close with a doji candle. Volumetric buying pressure is at 100%. The S&P 500 is in a daily and monthly Squeeze.

Commodities
Oil (/CL) futures is at $41.44 per barrel and has crossed its 200 SMA. Gold (/GC) futures is down at 1228.0 an ounce and is on its 50 SMA. Silver (/SI) futures is at 16.155. Commodities (DBC) ETF closed up at 13.61.

Bonds
Junk bonds ETF (HYG) is at 82.62. Bonds ETF (TLT) is down at 130.76.

Currencies
USD/JPY traded up at 109.35. EUR/USD is at 1.1262. The dollar index (/DX) is at 94.95.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLV, XLB, XLF, XLI and XLK respectively. Financials continue to show strength.

On a 3-month lookback, the relative strength order are XLE, XLB, XLI, XLF, XLY and XLK respectively. Financials made gains while technology lost out.

Market Internals
Vix is down at 13.72. Vix futures is at 14.63. Skew is at 127.13. Market sentiment remains bullish. Market breadth is sloping up. Volumetric accumulation/distribution is sloping up as well.

The Week Ahead
This market continue to show strength and after 2 months of uptrend, it is undecided. Since 11 February 2016 when it reached a low of 1810.1, it has gained 272.68 points. It has just broken out from the previous high for this year. Momentum favours the bullish case for the indices.

The prognosis is that the bullish trend is likely to continue although it will be a slow grind.

 

To YOUR wealth!

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