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)

2 May 2016 – US Dollar breakdown, Amazon soars

The market bounced after the selloff at the end of the previous week. The US dollar looks to be breaking down. Crude oil came down 2% and oil stocks slip. Stocks were broadly higher except for energy related stocks. The Nasdaq 100 had a bounce or is it something more significant? Apple continues downward while Amazon soars when it beat analyst expectations.

Economic data has been disappointing lately. ISM Manufacturing for April fell to 50.8 from 51.8 in March. April new orders dropped to 55.8 from 58.3 in March. Production slipped to 54.2 from 55.3 a month earlier. Employment figures are higher from 48.1 to 49.2 for April. Markit April US manufacturing PMI is at 50.8 and that is down from 51.5 in March.

Dow Transportation swung up and down in the morning trading. It managed to grind upward in the afternoon and close with a small bullish candle below its 21 EMA. Momentum has now signaled downward. Daily volumetric buying pressure is at 70.7%.

Dow Industrial traded grinded upward with up and down swings in the morning session. The selling were less pronounced in the afternoon trading and it made steady progress and closed the day with a bullish candle above its 21 EMA. Momentum remains upward. Short term volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

Russell 2000 saw the bulls and bears tussle in the morning session as it grinded its way upward. The bears were completed defeated by the afternoon and it was traded upward to close with small bullish Marubozu candle above its 200 SMA. Pivot momentum remains upward. Volumetric buying pressure is at 99.9%.

Nasdaq 100 swung wildly up and down in the morning session. The bulls trimuphed and it traded smoothly upward in the afternoon session to close with bullish candle below its 50 SMA. Momentum remains downward. Volumetric buying pressure is at 99.8%. The index is in a monthly Squeeze.

S&P 500 saw the tussle between in bears and bulls in the morning session. It broke out upward in afternoon trading and closed with a bullish candle above its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

Commodities
Oil (/CL) futures is down at $44.75 per barrel. Gold (/GC) futures is at 1293.7 after breaking above the 1300 level. Silver (/SI) futures is at 17.620. Agriculture (DBA) ETF closed at 21.10. Commodities (DBC) ETF closed at 14.38 and is still in its upward trend.

Bonds
Junk bonds ETF (HYG) closed 83.50 and continues on its upward trend. Bonds ETF (TLT) traded down to 127.82.

Currencies
USD/JPY is at 106.14 and continues downward. EUR/USD is at 1.1535 and has exited the Squeeze upward. The dollar index (/DX) is at 92.495 after it exited its Squeeze downward.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLF, XLB, XLU, XLI and XLY respectively. Finance sector continues to gain strength.

On a 3-month lookback, the relative strength order are XLE, XLB, XLF, XLY and XLI. Utilities is gaining strength and has broken above its 21 EMA.

Market Internals
Vix is at made gains at 14.68. Vix futures is at 15.80 signalling a lack of volatility in the coming month. Skew is at 127.67. Market sentiment is slightly bullish. Market breadth remains flat. Volumetric accumulation/distribution is sloping downward showing distribution.

The Week Ahead
Earnings season is rather mix so far but the general consensus is that it is deteriorating. Facebook and Amazon which are the two prominent stocks had outperformed while other technology stocks such as Apple and Netflix have disappointed with their earnings. Commodities continue to perform. Gold and Silver continue to shine. The market is more hesitant and Monday’s trading may prove to be just a bounce.

The prognosis is that the market continues to be sideways and will come under increasing selling pressure.

 

To YOUR wealth!

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