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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)

17 May 2016 – Soros, Icahn are significantly short, market takes the hint!

All the indices with the exception of the Dow Transportation reversed Monday’s gain and all are below their 50 SMA. FED June hike is a real possibility as economic data has improved. The days of cheap credit is seeping away and without solid market fundamentals, it is difficult to sustain a market that is at elevated levels. Russell 2000 led the declines and is trading below Monday’s opening price. The energy was the out-performer due to the spike in the price of oil.

Consumer Price Index (CPI) jumped at the fastest pace in more than three years due to the higher gas price at the pump. Construction of new houses for April is the bright spot after reversing a sharp decline in March.

Economic Data
· Housing starts is up 6.6% in April to an annual pace of 1.17M, which is above the consensus of 1.125M. March was revised upward to 1.1M rate. Building Permits for new construction rose 3.6% to an annual rate of 1.12M. Construction on apartments, condos and other buildings and Single family homes surged by at least 3.3 – 10.7%. e 3.3%
· CPI jumped in April by 0.4% due to the the increase in price of gasoline.
· Industrial production rose 0.7% in April (MoM) after falling (-0.9%) in March.

Dow Transportation traded upward for the first two hours after market open and met resistance at the 200 SMA and 21 EMA. It flatlined till late morning before selling off for the rest of the day and closed with an inverted hammer candle. Momentum remains downward. Daily volumetric buying pressure is at 0%.

Dow Industrial range traded for the morning session and sold off at midday. It closed with a bearish marubozu candle below its 50 SMA. Momentum remains downward. Short term volumetric buying pressure is at 16.8%. The index is in a monthly Squeeze.

Russell 2000 range traded for the first hour and grinded its way upward till late morning. It sold off by midday and closed with a bearish candle below its 50 SMA. Momentum remains downward. Volumetric buying pressure is at 0%.

Nasdaq 100 range traded till late morning before the selling volume increased. It continued trading downward in the afternoon session to close with a bearish marubozu candle below its 50 SMA. Volumetric buying pressure is at 11.2%. The index is in a monthly Squeeze.

S&P 500 range traded till late morning before selling off till close. It sliced through its 50 SMA and closed with a bearish marubozu candle below it. Volumetric buying pressure is at 21.4. The index is in a monthly Squeeze.

Commodities
Oil (/CL) futures surged upward and is trading at $49.02 per barrel. Gold (/GC) futures made gains and is trading at 1273.7. Silver (/SI) futures is at 17.125 and is in a Squeeze. Agriculture (DBA) ETF made gains and is at 21.47. Commodities (DBC) ETF closed at 14.75.

Bonds
High Yield bond ETF (HYG) closed at 83.07. Bonds ETF (TLT) closed 131.36.

Currencies
USD/JPY is at 109.206. EUR/USD is at 1.1285. The dollar index (/DX) is at 94.745.

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

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

Market Internals
Vix closed up at 15.57. Vix futures is down slightly at 18.20 and has exited its Squeeze. Skew is at 122.96. Market sentiment is neutral. Market breadth has been sloping down for the last 11 session. Volumetric accumulation/distribution is sloping down as well.

The Week Ahead
The market could not hold its gain that it made on Monday and reversed downward. This is a bearish sign. Our prognosis that the indices will be under selling pressure and there will be a breakdown of its current trading ranges.

 

To YOUR wealth!

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