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)

31 May 2016 – Mixed close for May

Market was mixed after the memorial weekend and S&P 500 hit the 2100 mark. The overall trading was characterised by indecision as the indices hit resistance levels near its all time high. We now enter the June month with market moving events of Brexit and further potential rate hike. Oil futures retraces further after hitting the US$50 per barrel and gold is holding around the US$1200 per ounce.

Dow Transportation traded upward on market open and hit resistance at its 50 SMA. It pulled back and spent the rest of the day range trading to close with a low closing spinning top doji candle. Momentum remains upward. Daily volumetric buying pressure is at 16.1%.

Dow Industrial sold off on market open and continued selling off till late afternoon. It managed to pull back and closed with bearish engulfing candle. Momentum remains upward and it exited out of its daily Squeeze. Short term volumetric buying pressure is at 83.8%. The index is in a monthly Squeeze.

Russell 2000 traded upward till early afternoon before selling off. It managed to recover in the last hour of trading and closed with a short-handle inverted hammer candle. Volumetric buying pressure is at 98.9%. The index is in a monthly Squeeze.

Nasdaq 100 grinded its way downward till early afternoon before rallying sharply. It closed with a hammer candle above its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

S&P 500 traded upward in the first hour before selling off till early afternoon. Buyers came in and it rallied to close the day with a spinning top doji candle. Momentum remains upward. Volumetric buying pressure is at 98.6%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures was unable to hold above $50 per barrel and sold off and is trading at $48.88 per barrel. Gold (/GC) futures is at $1218.8. Silver (/SI) futures is at 16.00.

Agriculture (DBA) ETF closed at 21.31 above its 21 EMA. Commodities (DBC) ETF closed at 14.71.

Bonds
High Yield bond ETF (HYG) is trading sideways and closed at 83.61. Bonds ETF (TLT) gapped down but recover to close at 130.16.

Currencies
The dollar index is trading at 95.805. EUR/USD is trading at 1.1134. USD/JPY is at 110.501.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLK, XLE, XLF, XLU and XLV respectively. Technology sector has now overtaken the energy sector to be the leader of the pack.

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

Market Internals
Vix closed higher at 14.19. Vix futures is at 15.35. Skew is at 127.70. Market sentiment remains bullish. Market breadth is sloping upward indicating nett gainers. Volumetric accumulation/distribution continues to slope upward showing bullish support of the uptrend.

The Week Ahead
The market is showing indecision as it starts to hit resistance levels. We are now entering a month of June where some market moving events will determine the next market direction. Market is showing good volume support in its present uptrend and also market breadth is steadily upward. It is possible for this market to break out higher. The prognosis is that the market is waiting for further catalyst for its next move and meanwhile sideway moves are likely.

 

To YOUR wealth!

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