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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)

1 June 2016 – Indices erased pre-market losses

Indices erased pre-market losses in a day of grinding action. Dollar index was lower, oil and gold traded lower as well. The FED Beige Book showed that the US economy expanded modestly since mid-April. Labour market tightens as employers continue to add jobs and wages is nudging higher.

Members of Opec is due to meet on Thursday. There will be data on the oil inventory on Thursday and non-farm payroll data on Friday.

Economic Data
* ISM manufacturing index for May rises to 51.3 from 50.8. New orders fell steady at 55.7 vs 55.8 for the previous month.

* Construction spending for April fell -1.8%. Residential construction declined 1.5% and public construction spending fell 2.8%.

* Markit Manufacturing PMI for May is 50.7 which is slightly less than 50.8 in April.

Dow Transportation gapped down pre-market but traded upward on market open. It grinded its way upward throughout the day and closed with a small hammer candle below its 50 SMA. Momentum remains upward. Daily volumetric buying pressure is at 29.6%.

Dow Industrial gapped down pre-market but rallied upward on market open. It continued trading upward for the rest of the day and closed with a spinning top doji candle on its 50 SMA. Momentum remains upward. Short term volumetric buying pressure is at 99.6%. The index is in a monthly Squeeze.

Russell 2000 had a small gap down on market open but immediately rallied upward. It continued its upward climb and closed with a bullish candle. Volumetric buying pressure is at 99.9%. The index has exited its monthly Squeeze.

Nasdaq 100 gapped down on market open and and shot upward in the first hour of trading. It then range traded for the rest of the day and closed with a spinning top doji candle. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

S&P 500 gapped down on market open but reversed direction in the first half hour. It continued trading upward for the rest of the day and closed with a bullish candle. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures lost slightly and is trading at $48.93 per barrel. Gold (/GC) futures is at $1213.5. Silver (/SI) futures is at 15.96. Both gold and silver contiues to trade down for the last four weeks.

Agriculture (DBA) ETF closed at 21.46 and has created a Piercing Line candle pattern. Commodities (DBC) ETF closed at 14.86. Agriculture and commodities have created an inverse head and shoulder pattern on the weekly chart.

Bonds
High Yield bond ETF (HYG) gapped down but closed positive for the day at 83.34. Bonds ETF (TLT) gapped down but recover to close at 130.42.

Currencies
The dollar index is at 95.375. EUR/USD is trading at 1.11893. USD/JPY is at 109.353.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLK, XLE, XLF, XLV and XLU respectively. Technology sector is now leading the sectors.

On a 3-month lookback, the relative strength order are XLE, XLB, XLF, XLV and XLU. The healthcare sector is also moving up the relative strength rank.

Market Internals
Vix closed higher at 14.20. Vix futures is at 15.45. Vix futures is not pricing in any near term volatility.

Skew is at 132.46. Market sentiment remains bullish. Market breadth is continues to sloping upward. Volumetric accumulation/distribution is sloping upward as well.

The Week Ahead
The market is showing increasing confidence and bullishness. There is no fear of any near term volatility which means that the market is not pricing in a June rate hike. The prognosis is that the market continues to out-fox those bears and the market internals are indicating a potential for more upward moves.

 

To YOUR wealth!

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