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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)

20 June 2016 – Brexit emotions roil market

The indices were up by a huge pre-market due to fears of Brexit receding. Latest polls in the UK indicate the Remain sentiment is leading the Leave sentiment. The referendum is due to take place this Thursday, 23 June. Oil prices gained for the day. Bonds remained strong. Gold lost ground and the dollar index continued its downtrend.

Dow Transportation had a huge rally pre-market which continued in the first hour after market open. It reached the high of the day and sold off slowly for the rest of the day and closed with an inverted hammer candle below its 21 EMA, 50 SMA and 200 SMA. Momentum remains downward. Daily volumetric buying pressure is at 53.3%.

Dow Industrial shot up on market open and reached its high of the day in the first half hour of trading. It sold off slowly for the rest of the day and closed with an inverted hammer candle on its 50 SMA. Momentum remains downward. Short term volumetric buying pressure is at 57.4%. The index is in a monthly Squeeze.

Russell 2000 shot up on market open and reached its high of the day in the first two hours of trading. It had a slow sell-off and closed with an bullish candle above its 8 EMA and 21 EMA. Momentum remains upward. Volumetric buying pressure is at 25.1%.

Nasdaq 100 gapped up on market open and continued its rally upward in the first hour and half of the day. It then sold of slowly and closed below its 50 SMA and 200 SMA with a bearish candle. Momentum remains downward. Volumetric buying pressure is at 58%. The index is in a monthly Squeeze.

S&P 500 gapped up on market open and traded slightly upward in the first hour of trading. It had a slow sell-off for the rest of the day and closed with an inverted hammer candle. Momentum remains downward. Volumetric buying pressure is at 68.2%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures traded up to $49.73 per barrel. Gold (/GC) futures spiked up to $1291.5 per ounce. Silver (/SI) futures is at 17.525 per ounce.

Agriculture (DBA) ETF closed at 22.51. Commodities (DBC) ETF closed at 15.41.

Bonds
High Yield bond ETF (HYG) spiked up to 83.62. Bonds ETF (TLT) dropped down to 136.16.

Currencies
The dollar index is at 93.555. EUR/USD is trading at 1.13369. USD/JPY is at 103.950 continuing its downtrend.

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

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

Market Internals
Vix closed at 18.37. Vix futures is at 18.45. Skew is at 137.81. Market sentiment is bullish. Market breadth is flattening. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The market is giving mixed signals. On one hand, it gapped up over the weekend which is a rather bullish signal but sold off within the day. The prognosis is that it will remain volatile till for the rest of the week as Brexit referendum is on this coming Thursday.

 

To YOUR wealth!

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