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)

6 June 2016 – New highs for 2016

The indices surged on market open for the first hour. It rallied into the close on comments from Fed Chair Yellen not to give too much importance to the past month’s jobs report. The S&P 500 went on to make new high for 2016. Yellen insisted that the Fed will raise rates but she did not give any timeframe for it.

Oil and gold made gains while the dollar slipped. Brexit is increasing on the market radar.

On the economic front, Yellen said in a speech that she expects the US economy to continue to improve and further gradual increase in interest to be appropriate.

Dow Transportation has been the least bullish of the indices that we tracked. It traded upward for the first half hour and made its high for the morning session. It sold off and by late morning, it made its low for the day before reversing sharply upward till the end of the day to close with a hammer candle. Momentum remains upward. Daily volumetric buying pressure is at 76.5%.

Dow Industrial surged on market open and pulled back slightly late morning. It saw another surge in the afternoon session and closed with a bullish marubozu candle. Momentum remains upward. Short term volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

Russell 2000 surged on market open and continued its bullish move upward till the end of the day. It closed with a bullish marubozu candle and made new high for 2016. Momentum remains upward. Volumetric buying pressure is at 99.9%.

Nasdaq 100 traded upward on market open till mid-morning before a big pullback to make the low for the day. It surge upward in early afternoon trade and closed with a spinning top doji candle above its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

S&P 500 surged upward on market open but pulled back by late morning and formed its low of the day. It had another surge in early afternoon trading and closed with a bullish marubozu candle above its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures made gains and is trading $49.57 per barrel. Gold (/GC) futures is at $1246.7. Silver (/SI) futures is at 16.440. .

Agriculture (DBA) ETF gapped up and closed with a spinning top doji candle at 22.33. Commodities (DBC) ETF gapped up and closed with a small spinning top doji candle at 15.17. Both ETFs are in a rather bullish uptrend.

Bonds
High Yield bond ETF (HYG) gapped up and closed at 83.88. Bonds ETF (TLT) gapped up and closed at 132.24. TLT is in a daily Squeeze.

Currencies
The dollar index is at 94.030. EUR/USD is trading at 1.1353. USD/JPY is at 107.767.

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

On a 3-month lookback, the relative strength order are XLE, XLB, XLV and XLF outperforming the S&P 500.

Market Internals
Vix closed at 13.65. Vix futures is at 14.50. The Vix futures tells us that there is no fear of volatility in the market. The market has discounted a rate hike for June.

Skew is at 125.57. Market sentiment remains bullish. Market breadth is continues to slope upward. Volumetric accumulation/distribution is sloping upward as well.

The Week Ahead
Market internals show that the market participants continue to be bullish on this market. The indices are starting to make new high for 2016. There are monthly Squeezes in three of the indices and it is possible that this market could Squeeze very much higher. The prognosis that the market uptrend continues.

 

To YOUR wealth!

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