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)

16 June 2016 – The bulls are alive!

The indices sold off on market open and continued on its downtrend in the first hour after market open. The market bulls are very much alive and the indices climbed back up above its open and more to snap the last 5 session of losses. Oil (WTI crude) continued its pullback.

Bonds, gold and silver were down as the indices bounced upward. There were no central banks pronouncements to impact on the market. Brexit fears continues to dominate trading emotions. Quadruple witching is tomorrow and that will make up for another volatile day.

Dow Transportation had a shallow move down on market open in the first hour. It rallied upward and continued the uptrend till the end of the day to close with a high closing doji candle. Momentum remains downward. Daily volumetric buying pressure is at 50.4%.

Dow Industrial traded downward in the first hour after market open and then rallied upward for the rest of the day. It closed with a hammer candle on its 3 EMA but below its 50 SMA. Momentum remains downward. Short term volumetric buying pressure is at 59.6%. The index is in a monthly Squeeze.

Russell 2000 traded downward in the first hour after market open and bounced off its 50 SMA. It rallied upward for the rest of the day and closed with a high closing doji candle below its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 44.5%.

Nasdaq 100 traded downward in the first hour after market open and reversed sharply upward for the rest of the day. It closed with a big bullish candle above its 200 SMA and on its 3 EMA. Momentum remains downward. Volumetric buying pressure is at 81.1%. The index is in a monthly Squeeze.

S&P 500 traded downward in the first hour after market open and reversed sharply upward to close with a big bullish hammer candle. Momentum remains downward. Volumetric buying pressure is at 76.9%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures traded down to $47.14 per barrel. Gold (/GC) futures spiked up but then pulled back to $1285.6 per ounce. Silver (/SI) futures is at 17.345 per ounce and is above its 3 EMA and the other moving averages.

Agriculture (DBA) ETF closed at 22.55. Commodities (DBC) ETF closed at 14.92. Both ETFs are trading sideways.

Bonds
High Yield bond ETF (HYG) closed at 83.03 below its 50 SMA and has formed a hammer candle. Bonds ETF (TLT) closed at 136.46. Bonds continue its uptrend.

Currencies
The dollar index is at 94.540. EUR/USD is trading at 1.12618. USD/JPY is at 104.585.

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

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

Market Internals
Vix closed at 19.37. Vix futures is at 19.70. Skew is at 142.50. Market sentiment is neutral. Market breadth is sloping downward. Volumetric accumulation/distribution continues to slope downward.

The Week Ahead
The indices painted a reversal candle for the day and as such we can expect the following day to close positive. The market will continue to experience volatility due to the uncertainty in Brexit which continues to dominate the news cycle. The FED is increasing impotent in influencing the market and fear of a recession in the US economy persist. The prognosis is for the volatility to persist.

 

To YOUR wealth!

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