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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)

19 April 2016 – Dow and S&P 500 breach round numbers

The Dow Jones Industrial index breached the 18,000 level and the S&P 500 breached its 2100 level. The indices have travelled far since its lows on 11 February 2016. Gold, silver and copper jumped higher. Oil came down after the Doha meeting and has since then reversed higher. Agriculture and commodities closed higher for the day.

The US dollar index was broadly lower against the major currencies. Bonds largely retraced downwards. With the indices reaching round numbers and within reach of its historic high from last year, is the market due to breach it or turn around downwards.

Dow Transportation gapped up on market open and continued trading upwards in the first hour. It pulled back in late morning trading before recovering and closed the day with a bullish Marubozu candle. Pivot momentum remains upward. Daily volumetric buying pressure is at 88.56%.

Dow Industrial had a small gap up on market open and traded upward in the first hour of trading. It breached the 18,000 level and closed the day at 18053.60 with a spinning top doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Russell 2000 had a small gap up on market open and swung wildly up and down to close with a spinning top doji candle. Pivot momentum is upward. Volumetric buying pressure is at 99.5%.

Nasdaq 100 gapped down on market open and largely traded downward. It sold off till late morning before recovering and closed with big spinning top doji candle. Pivot momentum remains upward. Volumetric buying pressure is at 80.2%. The Nasdaq 100 is in a monthly Squeeze.

S&P 500 traded upward on market open and breached the 2100 level. It pulled back in late morning trading before recovering in afternoon trading to close at 2100.80 with a small bullish candle. Pivot momentum remains upward. Volumetric buying pressure is at 99.8%. The S&P 500 is in a daily and monthly Squeeze.

Commodities
Oil (/CL) futures is at $41.77 per barrel. Gold (/GC) futures closed at 1258.2 an ounce. Silver (/SI) futures is at 17.19. Commodities (DBC) ETF closed up at 13.91. Agriculture (DBA) ETF is at 20.92.

Bonds
Junk bonds ETF (HYG) closed higher at 83.31. Bonds ETF (TLT) lost and closed at 130.90.

Currencies
USD/JPY traded up at 108.94. EUR/USD is at 1.1367. The dollar index (/DX) is at 94.030.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLB, XLF, XLV, XLY and XLI respectively. Energy and basic materials are both doing well and healthcare and finance is making some moves.

On a 3-month lookback, the relative strength order are XLE, XLB, XLI, XLF, XLY and XLK respectively. Financials are holding itself.

Market Internals
Vix is down at 13.24. Vix futures is at 16.45 and is starting to price in future volatility. Skew is at 126.19. Market sentiment remains bullish. Market breadth is sloping up. Volumetric accumulation/distribution is sloping up as well. All is well with the market from the market internals.

The Week Ahead
The market has breached round numbers and it has to hold those numbers. The market continues to show its strength and have confounded many pundits with its strength. With the breaching of the round numbers, we could see some consolidation in the coming days.

 

To YOUR wealth!

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