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)

13 June 2016 – Is the market tumbling due to Brexit fears?

The indices had a wild ride to the downside extending the indices losses to three days. Is this the start of a downtrend or the coiling of a spring for an upward break?

Fear had entered the market as the Vix shot up to above 20 since 5 months ago. The indices looked to bounce upward in early trading but the rally was sold into. The buy-the-dip crowd was there but was eventually overwhelmed towards the last hour of trading. UK Brexit fears seem to dominate the recent trading as the decision date gets closer. Fund managers are taking precaution by reducing their equity portfolio exposure and also taking a more defensive hedged positions in gold, silver and bonds. Oil (WTI Crude) traded below $US 50 per barrel.

Dow Transportation gapped down on market open and range traded for the most part of the day. It sold off at the end of the day to close with a small marubozu candle. Momentum has reversed downward. Daily volumetric buying pressure is at 65.7%.

Dow Industrial traded upward in the first hour of trading. The rally was sold into and it spent the rest of the day trending downward and closed with a bearish marubozu candle. Momentum remains upward. Short term volumetric buying pressure is at 62.8%. The index is in a monthly Squeeze.

Russell 2000 traded upward in the first hour of trading. The rally was sold into and it spent the rest of the day trending downward to close with a bearish marubozu candle on its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 36.1%.

Nasdaq 100 traded upward in the first hour of trading before trading down. It range traded for most of the afternoon before selling off and closed with a bearish candle above the 200 SMA. Momentum has reversed downward. Volumetric buying pressure is at 63.5%. The index is in a monthly Squeeze.

S&P 500 traded upward in the first hour of trading. The rally was sold into and it trended downward for the rest of the day and closed with a bearish marubozu candle above its 50 SMA. Momentum remains upward. Volumetric buying pressure is at 65.1%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures is trading at $48.34 per barrel and it is in a Squeeze. The uptrend is still in place. Gold (/GC) futures is at $1282.6. Silver (/SI) futures is at 17.310 and is above its 50 SMA.

Agriculture (DBA) ETF is at 22.68 in a continuing move upward. Commodities (DBC) ETF closed with a bullish candle at 15.36. Both ETFs are in a bullish uptrend.

Bonds
High Yield bond ETF (HYG) closed at 83.27. Bonds ETF (TLT) closed at 135.38. Bonds continue its uptrend.

Currencies
The dollar index is at 94.460. EUR/USD is trading at 1.12914. USD/JPY is at 105.982.

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

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

Market Internals
Vix closed up at 20.97. Vix futures is at 21.52. Skew is at 137.49. Market sentiment is neutral. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
Brexit news dominates the newscycle and the fear of brexit will cause the market to be volatile. The referendum is to be held on the 23 June and so for the next week and half, we can expect funds to take defensive positions. The prognosis is for more volatility and gold, silver, bitcoins and bonds to perform well.

 

To YOUR wealth!

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