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)

28 April 2016 – Bank of Japan disappoints, Nasdaq leads the market downward

The Bank of Japan disappointed the market by doing nothing and held its negative interest rate and did not announce any further stimulus measures. That caused a 20 point drop in the S&P 500 e-mini during aftermarket trading.

Equity market traded higher till midday before selling off with accelerating losses into the close. Facebook is a pillar of strength with earnings that beat analysts expectation by a wide margin and gapped up 8% during pre-market trading. This helped boost market sentiment when market opened but that was not to last.

Oil continues to make new 2016 high. The dollar index lost against the major currencies and is poised for further big moves downward.

GDP for the quarter was reported at 0.5%, below expectations and the prior quarter reading. Earnings results have been mix especially in the technology sector especially with the likes of AAPL, GOOGL, MSFT, and NFLX. The market has been trading sideways to downward for more than a week now.

Dow Transportation traded upward on market open and met resistance at about 8070. It range traded till the afternoon session and sold off to close with a bearish Marubozu candle on its 21 EMA. Pivot momentum remains upward. Daily volumetric buying pressure is at 73.4%.

Dow Industrial traded upward on market open and did a rounded top. It reached its peak by late morning and sold off slowly in the afternoon and picked up momentum at the end of the day to close with a bearish candle on its 21 EMA. Pivot momentum remains upward. Short term volumetric buying pressure is at 79.4%.

Russell 2000 did a rounted top trade for the day. It traded upward till midday and the a slow sell-off which picked momentum towards the end of the day to close with a bearish candle. Pivot momentum remains upward. Volumetric buying pressure is at 88.5%.

Nasdaq 100 traded upward till midday before encountering a slow selloff which picked up momentum. It closed with a bearish candle just below its 50 SMA. Pivot momentum remains downward. Volumetric buying pressure is at 88.3%. The Nasdaq 100 is in a monthly Squeeze.

S&P 500 did a rounded top trade for the day. It traded upward till midday and then began selling off and closed with a bearish Marubozu candle on its 21 EMA. Pivot momentum remains upward. Volumetric buying pressure is at 88.8%. The S&P 500 is in a monthly Squeeze.

Commodities
Oil (/CL) futures is at $45.75 per barrel. Gold (/GC) futures is at 1268.5 an ounce. Silver (/SI) futures is at 17.650. Commodities (DBC) ETF closed at 14.44. Agriculture (DBA) ETF closed at 20.87.

Bonds
Junk bonds ETF (HYG) closed 83.71. Bonds ETF (TLT) made gains and closed at 129.05.

Currencies
USD/JPY is at 108.14. EUR/USD is at 1.1353 and is in a Squeeze. The dollar index (/DX) is at 93.725 and is Squeezing downward.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLB, XLF, XLV, XLI and XLU respectively. Energy still has the strongest upward momentum.

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

Market Internals
Vix made gains at 15.22. Vix futures is at 16.44. Skew is at 125.44. Market sentiment remains bullish. Market breadth continues to slope upward. Volumetric accumulation/distribution continues to slope upward as well.

The Week Ahead
Oil continues to move up. Gold and Silver continue to show strength and they are usually negatively correlated to the market. The indices are starting to weaken and led by the Nasdaq 100. Earnings results will drive the market direction and so far it has been mixed.

The prognosis is that the buying pressure has decrease and selling pressure has increased. The mixed earnings result is starting to put pressure on the market and we will continue to see more volatility.

 

To YOUR wealth!

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