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)

5 May 2016 – Rotation into bonds, market plays defense

Indices closed mostly lower as money rotated into bonds as funds start to play defense in anticipation of further downward moves in the market. Earlier in the day, oil has made significant gain due to traders playing on the wild fire in Alberta, Canada.

Payroll data is tomorrow, Friday which will give the market more volatility. Earnings have been mixed so far from companies that have reported.

Dow Transportation started trading below its 200 SMA and swung up and down without any directions. It sold off about mid-day in a burst of selling and continued trading downward throughout the day and closed with a bearish Marubozu candle. Momentum remainis downward. Daily volumetric buying pressure is at 16%.

Dow Industrial swung up and down in the first half of the day. It sold off in a burst of selling at about midday and managed to make some recovery at the end of the day to close with a small doji candle. Momentum remains downward. Short term volumetric buying pressure is at 74.8%. The index is in a monthly Squeeze.

Russell 2000 grinded its way downward in morning trading. A half hour burst of selling at midday and then range trading for the rest of the day to close with an inverted hammer candle. Momentum remains downward. Volumetric buying pressure is at 49%.

Nasdaq 100 tried to rally in the morning session but was sold down. It had a burst of selling at midday and found support at about 4300. It closed with a small bearish candle. Momentum remains downward. Volumetric buying pressure is at 38.1%. The index is in a monthly Squeeze.

S&P 500 swung up and down in the morning session before encountering a burst of selling at about midday. It support at the 50 SMA and closed with a small doji candle. Momentum remains downward. Volumetric buying pressure is at 72.6%. The index is in a monthly Squeeze.

Commodities
Oil (/CL) futures is at $44.55 per barrel. Gold (/GC) futures is at 1278.90. Silver (/SI) futures is at 17.380. Agriculture (DBA) ETF closed at 20.77 and is trading sideways. Commodities (DBC) ETF closed at 14.03 and closed below its 200 SMA.

Bonds
Junk bonds ETF (HYG) closed at 82.58. Bonds ETF (TLT) closed up 131.01. Market players are rotating into bonds as defensive play.

Currencies
USD/JPY made further gains and is at 107.27. EUR/USD is at 1.1404. The dollar index (/DX) is at 93.715 as it made further gains.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLF, XLU, XLB, XLP, XLY, XLI and XLV respectively. XLU, XLP, XLE and XLY shows positive short term momentum.

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

Market Internals
Vix closed down at 15.91. Vix futures is up at 16.95. Skew is at 123.74. Market sentiment is neutral. Market breadth is sloping down as the number of decliners increase. Volumetric accumulation/distribution is sloping downward and selling volume continue to outpace buying volume.

The Week Ahead
The Dow Transportation and Russell 2000 have taken over leading the market downward. Mix earnings and no positive catalyst continue to dampen market sentiment. We have a payroll report tomorrow and will move the market one way or the other. The prognosis is that market continues to come under sustain selling pressure and we should see further downward market moves.

 

To YOUR wealth!

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