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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)

22 April 2016 – Google misses, market remains resilient

Google misses in its earnings and that took down the Nasdaq 100. Otherwise the other indices remain resilient in a day that saw some panic selling in the earlier part of the day. Market remain within a 2% off its all time high and so far we have seen quite a few earnings misses.

Oil and commodities closed higher for the week. Gold retraced somewhat but is still holding above the $1200 level. The US dollar gained and the US Dollar index is set to make further gains in the coming week against the major world currencies. Bond market fell for the week and is setting up for further losses.

Dow Transportation traded upward in the first half hour followed by panic selling in the following hour. It recovered in mid-morning and grinded upward throughout the day to close with a small bullish candle. Pivot momentum remains upward. Daily volumetric buying pressure is at 78.5%.

On the weekly chart, the index made gains and is now trading above its 50 SMA.

Dow Industrial swung up and down throughout the day and closed with a small doji candle at 18003.75. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

On the weekly chart, it closed the week with an inverted hammer candle above its 3EMA.

Russell 2000 traded upward in the first half hour before selling off and reversing. It grinded its way upward to close with a bullish Marubozu candle above its 200 SMA. Pivot momentum remains upward. Volumetric buying pressure is at 99.8%.

On the weekly chart, it closed with bullish Marubozu candle just below its 50 SMA.

Nasdaq 100 gapped down below its 21 EMA and sold off sharply in the following hour before stabilising. It grinded its way upward and closed with a doji candle. Pivot momentum remains upward. Volumetric buying pressure is at 54.5%. The Nasdaq 100 is in a monthly Squeeze.

On the weekly chart, it has been trading sideways for the past 4 weeks and closed above its 50 SMA.

S&P 500 traded upward in the first half hour and then had a sharp selloff. It reversed direction and grinded its way upward to close with a small doji candle. Pivot momentum remains upward. Volumetric buying pressure is at 94.9%. The S&P 500 is in a daily and monthly Squeeze.

On the weekly chart, it made gains for the week and is trading above its 50 SMA.

Commodities
Oil (/CL) futures closed at $43.75 per barrel. Gold (/GC) futures closed down at 1233.7 an ounce. Silver (/SI) futures closed at 16.985. Commodities (DBC) ETF closed up at 14.06 just below its 200 SMA. Agriculture (DBA) ETF sold off and closed at 20.55 with a bearish Marubozu candle below its 200 SMA.

Bonds
Junk bonds ETF (HYG) closed at 83.40 above its 200 SMA. Bonds ETF (TLT) closed at 128.36 and pivot momentum is downward.

Currencies
USD/JPY made gains and closed at 111.785. EUR/USD sold off and closed at 1.1222. The dollar index (/DX) is at 95.09 and is in a Squeeze.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLF, XLV, XLB, XLI and XLY respectively. The healthcare and finance sectors continue to move up the ranking. Utilities XLU, consumer staples, XLP and technology XLK continue their sell-off.

On a 3-month lookback, the relative strength order are XLE, XLB, XLF, XLI and XLY. Financial has made the biggest gain and moved up the ranking ladder. Healthcare is moving up the ranking ladder as well and should be appearing on the radarscope soon.

Market Internals
Vix is up at 13.22. Vix futures is at 16.175. There is no increase in volatility. Skew is at 123.25. Market sentiment is bullish. Market breadth is sloping up. Volumetric accumulation/distribution is sloping up.

The Week Ahead
The market continues to hold its ground although this earnings season has proven to be less than average. The US dollar index is set to make further gains against the other world major currencies. The US treasuries bond is set to fall further. These two factors could have significant impact on the stock market.

The prognosis is that the market continues to attract the buy-the-dip investors but caution is necessary.

 

To YOUR wealth!

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