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)

27 May 2016 – Sell in May …? You gotta be joking!

It was the best week for the bulls for the last few months. Housing data has improved and there is less fear of interest rate hike in the coming months. The market appears to have shrugged off Brexit and the below average earnings season and continues to power ahead. The US dollar index continues its upward trajectory after Janet Yellen speech at Harvard University. Bonds had a quiet week and traded lower. Commodities and the US dollar index continue to make steady gains.

Economic Data
GDP was revised up from a preliminary 0.5% to 0.8% for Q2. Personal consumption rose 1.9% in 1Q after rising 2.4% in the previous quarter.

On the weekly chart, Dow Transportation continued its second week of gain and is now trading below its 50 SMA. The index has failed to break the 50-week SMA and it bears watching whether it will be successful this time around. Weekly buying pressure is at 89.9% and momentum has reversed upward. It closed the week at 7772.28 with a bullish candle sandwiched between its 21 EMA and 50 SMA on the weekly chart. Weekly momentum has reversed upward. The index is in a monthly Squeeze.

On the weekly chart, Dow Industrial closed the week with a big bullish candle and a 3-candle morning star candle pattern above it 3 EMA, 8 EMA, 21 EMA and 50 SMA. Weekly buying pressure is at 90.8% and weekly momentum remains upward.

On the weekly chart, Russell 2000 closed with a big candle above its 50 SMA. It has also formed a morning star candle pattern. Weekly momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

On the weekly chart, Nasdaq 100 closed with a big marubozu candle above its 50 SMA. Weekly volumetric buying pressure is at 95%. The Nasdaq 100 is in a monthly Squeeze.

On the weekly chart, S&P 500 closed with a big marubozu candle above its 3 EMA, 8 EMA, 50 SMA and 200 SMA. Weekly momentum remains upward. Weekly volumetric buying pressure is at 96.8%. The S&P 500 has exited its daily Squeeze and is still in a monthly Squeeze.

Commodities
On the weekly chart, oil (/CL) futures closed at $49.56 per barrel with a bullish candle and above its 3 EMA, 8 EMA, 21 EMA and 50 SMA. Weekly momentum remains upward. Weekly buying pressure is at 100%.

On the weekly chart, gold (/GC) futures closed down at $1215.30 an ounce with a big bearish candle. It is trading below its 3 EMA, 8 EMA and 21 EMA but above its 50 SMA. Weekly momentum remains upward but warning sign of further down move has appeared. Weekly volumetric buying pressure is at 1.2%

On the weekly chart, silver (/SI) futures closed at $16.250 an ounce. This is the fourth week that silver has traded downward. Momentum remains upward. Weekly volumetric buying pressure is at 40.8%.

On the weekly chart, agriculture ETF (DBA) closed at 21.41 at the end of the weekly. It closed with a bullish engulfing candle above its 50 SMA. Weekly momentum remains upward. Weekly volumetric buying pressure is at 100%.

On the weekly chart, commodities (DBC) ETF closed at 14.80 with a small bullish candle in a doji sandwich candle pattern. It is now trading above its weekly 50 SMA.

Bonds
On the weekly chart, High Yield bonds ETF (HYG) closed at 83.69 with a bullish candle above its 50 SMA. Weekly momentum remains upward and buying pressure is at 100%.

On the weekly chart, bonds ETF (TLT) closed down for the week at 129.85 with a small bearish candle. It is in a weekly and monthly squeezes. Weekly momentum remains upward and buying pressure at 91.8%.

Currencies
On the weekly chart, the dollar index closed up for the week at 95.720. Weekly momentum remains downward. Buying pressure is at 63.5%. This is the third week of steady gain for the index.

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

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

Market Internals
Vix closed at 13.12. Vix futures is at 15.375. Volatility was down for the week. Skew is at 129.61. Market sentiment remains bullish. Market breadth continues to slope upward. Volumetric accumulation/distribution is sloping upward as well.

The Week Ahead
We have seen the market reversed upward this past week which has caught the bears by surprised. This has caused a short squeeze last Tuesday and the momentum has lasted till Friday. The market is still in a big range trading box and further upside is likely to be limited. The prognosis is for further sideways movement and any weakness will bring out the bears!.

 

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>