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)

27 April 2016 – Apple crushed, dovish FED, Market reverses UP

Market reversed from its early morning losses after the FED statement to leave rates unchanged in the near term. Apple was crushed by its earnings and gapped down 8% with ‘buy the dip’ crowd rushing in to buy apple at about $94.

Nasdaq 100 is being crushed by poor earnings from companies such as Netflix, Apple, Twitter and a few others in the technology sectors. Today’s afternoon rally was impressive as apple forms a significant component of the indices such as the Dow Jones Industrial, Nasdaq 100 and S&P 500. Fed officials held interest rates steady as was widely expected, but its statement once again didn’t indicate a rate hike was in the cards soon.

Oil closes at its 2016 high, bond reverses from its losses over the last 7 days and gold closed higher. The wild card now is the US dollar index which is in a volatility Squeeze and could explode in either direction. The US dollar index measures against a basket of six currencies which are the European, Japanese Yen, British Pound Sterling, Swedish Krona, Swiss Franc and Canadian dollar.

Dow Transportation traded upward in the first half hour after market open before selling off in early morning trade. Buyers came in late morning and the index traded upward for the rest of the day to close with a small bullish candle. Pivot momentum remains upward. Daily volumetric buying pressure is at 100%.

Dow Industrial traded downward in the first hour after market open before reversing. Buyers came in late morning and it traded upward throughout the day to close with a bullish high closing spinning top doji candle. Pivot momentum remains upward. Short term volumetric buying pressure is at 100%.

Russell 2000 range traded till the FOMC statement at 2pm EST. It rallied and closed with a small doji candle. Pivot momentum remains upward. Volumetric buying pressure is at 100%.

Nasdaq 100 gapped down below its 200 SMA and continued downward in the first hour after market open. It found buyers and swung its way upward to close with a doji candle below its 200 SMA. Pivot momentum has reversed downward. Volumetric buying pressure is at 100%. The Nasdaq 100 is in a monthly Squeeze.

S&P 500 traded downward in the first hour before reversing upward for the rest of the day. It closed with a high closing doji candle above its 8 EMA. Pivot momentum remains upward. Volumetric buying pressure is at 99.9%. The S&P 500 is in a monthly Squeeze.

Commodities
Oil (/CL) futures is at $45.19 per barrel. Gold (/GC) futures is at 1243.5 an ounce. Silver (/SI) futures is at 17.235. Commodities (DBC) ETF closed up at 14.36. Agriculture (DBA) ETF closed up 20.91.

Bonds
Junk bonds ETF (HYG) closed up 83.85. Bonds ETF (TLT) made gains and closed at 128.52.

Currencies
USD/JPY is at 111.77. EUR/USD is at 1.1304 and remains in a Squeeze. The dollar index (/DX) is at 94.540 and is in a Squeeze.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLF, XLB, XLV, XLI, XLU and XLY respectively. The utilities made substantial gain in the course of a day to join in the party.

On a 3-month lookback, the relative strength order are XLE, XLB, XLF, XLI and XLY.

Market Internals
Vix is at 13.77. Vix futures is lower at 15.50. Skew is at 126.09. Market sentiment remains rather bullish. Market breadth is sloping upward which means there are more gainers to losers. Volumetric accumulation/distribution is sloping up as well. We do have a healthy market.

The Week Ahead
After the FED statement, it has removed a bit of uncertainty from the market. Earnings is one of the driver for this market now. The others are the US dollar index and the price of oil. So far, the market has responded positively to this early bull market for oil. The US dollar index is in a volatility Squeeze and that is likely to be triggered by the Bank of Japan which has been trying to drive down the Japanese Yen to boost its export.

The prognosis is that the market remains strong but trading sideways. Further moves in any direction will be determined by the factors mentioned above.

 

To YOUR wealth!

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