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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)

23 May 2016 – A waiting …. day

It was a rather quiet day of range trading in the indices. Commodities like oil, gold and silver were weak. Trading volume was low and all eyes on the potential rate hike in June which is just a week away. Buying pressure in all the indices is low.

Dow Transportation range traded between 7640.22 and 7686.27. It sold off in the last two hours of trading and closed with small bearish candle on its 8 EMA. Momentum remains downward. Daily volumetric buying pressure is at 0%.

Dow Industrial swing up and down and repeated that cycle twice during the trading day. It sold off in the last two hours of trading and closed with a small doji candle. Momentum remains downward. Short term volumetric buying pressure is at 0.8%. The index is in a monthly Squeeze.

Russell 2000 cycle up and down in the morning and afternoon session and closed with a low closing doji candle. It is trading below its 200 SMA and close on its 21 EMA. Momentum remains downward. Volumetric buying pressure is at 30.6%.

Nasdaq 100 traded slightly upward for the first hour after market open and then had a slow sell-off throughout the day. It closed with a small inverted hammer candle below its 21 EMA. Volumetric buying pressure is at 45.6%. The index is in a daily and monthly Squeeze.

S&P 500 swung wildly up and down in the first two hours of trading before making a small move upward by midday. It sold off in the last two hours of trading and closed with a small bearish Marubozu candle. Volumetric buying pressure is at 27%. The index is in a daily and monthly Squeeze.

Metals and Commodities
Oil (/CL) futures is down slightly at 47.97 but upward momentum remain in place.

Gold (/GC) futures is at $1246.5. Silver (/SI) futures is at 16.325. Both gold and silver have pulled back lately.

Agriculture (DBA) ETF closed at 20.87. Commodities (DBC) ETF closed at 14.58.

Bonds
High Yield bond ETF (HYG) closed at 83.16. Bonds ETF (TLT) made a slight gains and closed 130.44.

Currencies
The dollar index continue to rally and is now above its 50 SMA at 95.355. EUR/USD is trading at 1.12049. USD/JPY is at 109.40.

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

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

Market Internals
Vix closed at 15.82. Vix futures is at 17.52. Skew is at 124.74. Market sentiment is bullish. Market breadth continues sloping downward. Volumetric accumulation/distribution has a slight slope upward.

The Week Ahead
It was a day that the indices range traded within a small range. The market does not know what it wants to do as it waits for direction from the FED. A hike in interest rate is generally not good for the market in the short term which is a higher probability now. On the other hand, the US economy is perceived to be on the mend which means the market should not be selling off. Hence the tussle between the bulls and the bears. The prognosis is that market continues to range trade until some major events push the market decisively in one direction.

 

To YOUR wealth!

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