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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)

21 June 2016 – The waiting game

The Brexit referendum in on the Thursday, 23rd June and that has dominated trading. The market is playing a waiting game and the indices range traded in a narrow range.

Dow Transportation had a small gap down on market open and spent the rest of the day grinding upward. It closed with a doji candle below its 21 EMA and 50 SMA. Momentum remains downward. Daily volumetric buying pressure is at 61.6%.

Dow Industrial traded with a small range throughout the day and closed with a small doji candle above its 50 SMA. Momentum remains downward. Short term volumetric buying pressure is at 39.3%. The index is in a monthly Squeeze.

Russell 2000 sold off on market open till midday before recovering. It traded upward in the afternoon session and closed with a small bearish candle above its 21 EMA and 50 SMA. Momentum remains upward. Volumetric buying pressure is at 10.3%.

Nasdaq 100 traded in a small range throughout the day and closed with a small doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Momentum remains downward. Volumetric buying pressure is at 37.1%. The index is in a monthly Squeeze.

S&P 500 range traded within a small range in the morning session and attempted an upside break out in the afternoon session. It closed with an inverted hammer candle above its 21 EMA and 50 SMA. Momentum remains downward. Volumetric buying pressure is at 59%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures traded up to $50.17 per barrel. Gold (/GC) futures traded down to $1272 per ounce. Silver (/SI) futures is at 17.300 per ounce.

Agriculture (DBA) ETF closed down at 22.18. Commodities (DBC) ETF closed at 15.29.

Bonds
High Yield bond ETF (HYG) spiked up to 83.94. Bonds ETF (TLT) dropped down to 133.54.

Currencies
The dollar index is at 94.100 and in a down trend. EUR/USD is trading at 1.12457. USD/JPY is at 104.591 continuing its downtrend.

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

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

Market Internals
Vix closed at 18.48. Vix futures is at 18.65. Skew is at 135.92. Market sentiment is overly bullish. Market breadth is flattening. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
Market participants are waiting on the Brexit referendum this Thursday, 23 June. We are likely to see a rather volatile market on Thursday and Friday as market reacts to the results of the referendum. Meanwhile, the prognosis is that we can expect another day of range trading in the market.

 

To YOUR wealth!

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