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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)

26 May 2016 – All is quiet ahead of Memorial weekend

It was quiet day of trading ahead of the long memorial weekend. The S&P 500 is close to the 2100 level, WTI crude oil cross above $50 per barrel and then fell back and bonds strengthened. Dow Transportation continues to lag the rest of the other indices with no buying pressure.

Dow Transportation continues to show lack of buying pressure. It traded slightly downward and remain in a small range trading the whole day and closed with a small doji candle on its 200 SMA. Momentum remains downward. Daily volumetric buying pressure is at 0.3%.

Dow Industrial traded downward in the first hour and made a small recovery by the end of the day to close with a doji candle. Momentum remains upward. Short term volumetric buying pressure is at 73.1%. The index is in a monthly Squeeze.

Russell 2000 traded downward for the first two hours before it recovered. It managed to grind its way upward and closed with a small doji candle. Momentum remains upward. Volumetric buying pressure is at 79.4%. The index is in a monthly Squeeze.

Nasdaq 100 traded downward in the first half hour and then reversed upward for the rest of the day. It closed with a small spinning to doji candle above its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is in a daily and monthly Squeeze.

S&P 500 traded downward in the first half hour and range traded till after midday. It recovered slightly and closed with a small doji candle above its 3 EMA. Volumetric buying pressure is at 99.9%. The index is in a daily and monthly Squeeze.

Metals and Commodities
Oil (/CL) futures crossed above $50 per barrel before pulling back and is trading at 49.20. Gold (/GC) futures is down at $1222.5. Silver (/SI) futures is at 16.315.

Agriculture (DBA) ETF closed at 21.30 above its 21 EMA. Commodities (DBC) ETF closed at 14.74.

Bonds
High Yield bond ETF (HYG) closed at 83.55. Bonds ETF (TLT) closed at 130.04.

Currencies
The dollar index is trading at 95.16. EUR/USD is trading at 1.1193. USD/JPY is at 109.913.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLK, XLB, XLF and XLV respectively. On a 3-month lookback, the relative strength order are XLE, XLB and XLF .

Market Internals
Vix closed at 13.43. Vix futures is at 15.95. Skew is at 129.28. Market sentiment remains bullish. Market breadth is sloping slightly upward. Volumetric accumulation/distribution continues to slope upward.

The Week Ahead
The market is consolidating ahead of the memorial weekend. After a couple of days of big moves on Tuesday and Wednesday, it is likely to consolidate sideways while building energy to breakout upwards. The prognosis for Friday is to expect further sideways action ahead of the memorial weekend.

 

To YOUR wealth!

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