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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)

11 May 2016 – Consumer worries, Market reverses

Macy misses on its earning and plunged. It brought down the other retailers in sympathy. Energy stocks was a good day for the bulls after a more than 3% rally in WTI crude. Bonds did the inverse of the market and had a rally. Healthcare was under pressure since the presidential candidates took it upon themselves to attack their price gouging practices. Is the retail sector the canary in the coal mine? All our indicators are pointing down in agreement.

Dow Transportation formed a descending triangle pattern in the morning session. It broke down after midday and plunged through its 200 SMA to form bearish Marubozu candle. Momentum remains downward. Daily volumetric buying pressure is at 15.8%.

Dow Industrial traded downward on market open and formed a descending triangle pattern in the morning session. It broke down after midday and continued trading downward and closed with a bearish Marubozu candle. Momentum has reversed downward. Short term volumetric buying pressure is at 68.9%. The index is in a monthly Squeeze.

Russell 2000 formed a descending triangle in the morning session before breaking down. It closed below its 200 SMA with a bearish Marubozu candle. Momentum remains downward. Volumetric buying pressure is at 44.5%.

Nasdaq 100 traded upward in the first two hours of trading and bounced off its 200 SMA and reversed downward. It continued downward in the afternoon session and closed with a bearish Marubozu candle. Momentum remains downward. Volumetric buying pressure is at 55%. The index is in a monthly Squeeze.

S&P 500 formed a descending triangle in the morning session. It broke down in afternoon trading and closed with a bearish Marubozu candle. Momentum has reversed downward. Volumetric buying pressure is at 73.1%. The index is in a monthly Squeeze.

Commodities
Oil (/CL) futures is at $45.95 per barrel. Gold (/GC) futures is at 1276.3. Silver (/SI) futures is at 17.400. Agriculture (DBA) ETF closed at 21.28. Commodities (DBC) ETF closed at 14.48.

Bonds
High Yield bond ETF (HYG) closed at 83.02. Bonds ETF (TLT) closed 131.61.

Currencies
USD/JPY made further gains and is at 108.488. EUR/USD is at 1.1426. The dollar index (/DX) is at 93.825.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLU, XLP, XLF, XLK, XLI, XLV and XLB respectively. Consumer ETF XLP and XLY had a big drop.

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

Market Internals
Vix closed down at 14.69. Vix futures is up at 15.60. Skew is at 124.10. Market sentiment remains bullish. Market breadth has flattened. Volumetric accumulation/distribution is flattening.

The Week Ahead
All our indicators are pointing downwards. Market fundamental appears to be deteriorating slowly. The prognosis is that market will continue to be volatile but with a downward bias.

 

To YOUR wealth!

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