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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)

17 June 2016 – A down week and a slow topping process?

The indices ended lower for the week amid fear of Brexit. Is Brexit really bad for the market? A few of the well-known players like George Soros, Carl Icahn and Stan Druckenmiller have made known their bearishness on the market and taken positions accordingly. Gold is the go to safe haven. Oil is seeing signs of pulling back since their recent run upward. We are starting to see short term sell signal on the weekly chart.

The following commentaries are based on the weekly charts.

Indices
Dow Transportation could not break above their 50 SMA and close the week with a bearish candle. Momentum has reversed downward. Volumetric buying pressure is at 77.1%.

Dow Industrial closed the week with a bearish candle but is still above its 21 EMA and 50 SMA. It remains resilient but the first sign of bearishness is starting to appear. Momentum remains upward. Volumetric buying pressure is at 79.1%. The index is in a monthly Squeeze.

Russell 2000 has formed a evening star candle pattern. It bounced off its 50 SMA and closed with a bearish candle above its 50 SMA. The index is in a monthly Squeeze.

Nasdaq 100 ended the week with a bearish candle below its 50 SMA. It has been trading sideways for the last four months and has formed a wedge pattern. Volumetric buying pressure is at 61.2%. The Nasdaq 100 is in a monthly Squeeze.

S&P 500 ended the week with a bearish candle continuing from its bearishness the previous week. It closed above its 21 EMA and sign of weakness is starting to appear. Volumetric buying pressure is at 83.8%. The S&P 500 is in a monthly Squeeze.

Commodities
Oil (/CL) futures closed at $48.86 per barrel which is about the same as the previous week. It is another week of doji candle. Momentum remains upward. Buying pressure is at 97.3%.

Gold (/GC) futures closed at $1301.6 an ounce with a big bullish candle. It did not manage to cross its 200 SMA. Momentum remains upward. Volumetric buying pressure is at 59.7%. It is in a weekly Squeeze.

Silver (/SI) futures closed at $17.520 an ounce with a big bullish candle above its 3 EMA, 8 EMA and 21 EMA. Momentum remains upward. Volumetric buying pressure is at 100%.

Agriculture ETF (DBA) closed at 22.77 with a hammer candle. Momentum remains upward. Volumetric buying pressure is at 100%.

Commodities (DBC) ETF gapped up and closed at 15.27 with a small doji candle. Momentum remains upward. Volumetric buying pressure is at 100%.

Bonds
High Yield bonds ETF (HYG) closed at 83.13 with a bearish candle above its 50 SMA. It is still in an uptrend on its weekly chart. Momentum remains upward. Buying pressure is at 91.6%.

Bonds ETF (TLT) closed up for the week at 135.61 with a low closing doji in an uptrend. It is also in a weekly and monthly Squeezes. Momentum remains upward and buying pressure at 100%.

Currencies
The dollar index closed at 94.285 with a bearish candle below all its moving averages. Momentum remains downward. Buying pressure is at 42.5%.

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

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

Market Internals
Vix shot up and closed at 19.41. Vix futures is at 20.075. Skew is at 137.94. Market sentiment is bullish. Market breadth continues to slope downward. Volumetric accumulation/distribution is starting to turn upward.

The Week Ahead
We saw another week of negative closes in the indices. We should see a small bounce upward and plenty of volatility. Brexit is the coming week and so the uncertainty will drive volatility. The prognosis is that the coming week will see plenty of volatility.

 

To YOUR wealth!

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