We Are Here!

Marker Animations

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)

10 May 2016 – Commodities, Stocks in big moves upwards

It was an ominous warning that the market was going to move big when the indices moved up by a significant amount during pre-market hours. Commodities, stocks and the indices moved up big after lagging the previous day. Volume was below average and short-squeezes are part of the reason for the big moves upward. Earnings are winding to a close. Talks of rate hike in June is just that, talk.

The indices moved upwards during pre-market due to fear of Bank of Japan threatening to intervene to push down the Japanese Yen. This caught the shorts off-guard which resulted in a short squeeze.

Dow Transportation launched itself upwards from its 200 SMA on market open and traded upward in the first hour. It then range traded for the rest of the day and closed with a bullish Marubozu candle on its 50 SMA. Momentum remains downward. Daily volumetric buying pressure is at 56.4%.

Dow Industrial made big gains pre-market and continued its upward momentum on market open. It closed with a bullish Marubozu candle above its 21 EMA. Momentum has reversed upward. Short term volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

Russell 2000 swung up and down in the first two hours of trading before it rocketed upward. It then spent the rest of the afternoon range trading to close with a bullish Marubozu candle above its 200 SMA. Momentum remains upward. Volumetric buying pressure is at 78.9%.

Nasdaq 100 had a big gap-up on market open and continued its upward momentum for the rest of the day. It closed with a bullish Marubozu candle below its 50 SMA and 200 SMA. Volumetric buying pressure is at 97.8%. The index is in a monthly Squeeze.

S&P 500 gapped up on market open and continued trading upward for the rest of the day. It closed with a bullish Marubozu candle above its 21 EMA. Momentum has reversed upward. Volumetric buying pressure is at 98.3%. The index is in a monthly Squeeze.

Commodities
Oil (/CL) futures is at $44.20 per barrel. Gold (/GC) futures is at 1274.2. Silver (/SI) futures is at 17.340. Agriculture (DBA) ETF closed at 21.19. Commodities (DBC) ETF closed at 14.15 above its 200 SMA.

Bonds
High Yield bond ETF (HYG) closed at 83.08. Bonds ETF (TLT) closed 130.87.

Currencies
USD/JPY made further gains and is at 108.551. EUR/USD is at 1.1393. The dollar index (/DX) is at 94.060.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLF, XLE, XLU, XLP, XLY, XLB, XLI, XLV and XLK respectively. XLP, XLU, XLY and XLI show 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 13.96. Vix futures is up at 14.90. Skew is at 124.10. Market sentiment has turned bullish. Market breadth is flattening. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
The question on everybody’s mind is will this market keep going upward. Market internals look solid but market fundamental is not. Earnings growth is poor this quarter. A likely scenario is that the indices with range trade within a certain range for some time.

The prognosis is that market will continue to be volatile. Until it breaks out of last year’s high, this market will continue to range trade.

 

To YOUR wealth!

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>