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)

22 June 2016 – Brexit Volatility!

Volatility has increased tremendously in the market with the imminent Brexit vote. The indices are now trading up and down like yoyos. We have a Vix inversion where VIX closed above 21 but Vix futures is trading below 20. The market indices has been moving up and down according to whatever latest polls showing whether the “Remain” or “Leave” polls are leading.

Latest data shows that S&P 500 companies spent $161.4 billion on share buybacks in the first quarter of 2016. It is the second-largest quarterly expenditure on buybacks after the record spent in the third quarter of 2007.

Dow Transportation gapped down on market open but rallied upward in the first two hours of trading. It sold off by midday with another bounce and closed the day with a small bearish candle below all its moving averages. Momentum remains downward. Daily volumetric buying pressure is at 47.1%.

Dow Industrial rallied sharply upward on market open for the first two hours before selling off sharply. It had another bounce in afternoon trading and closed . Momentum remains downward. Short term volumetric buying pressure is at 10.7%. The index is in a monthly Squeeze.

Russell 2000 sold off in the first half hour of trading and then had a sharp rally upward till mid-morning. It had a sharp sell-off and closed the day with a bearish marubozu candle below its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 1.8%.

Nasdaq 100 traded indecisively in the first half hour before rallying sharply upward till mid-morning. It sold off sharply and had a bounce and closed with a bearish inverted hammer candle below all its moving averages. Momentum remains downward. Volumetric buying pressure is at 3.7%. The index is in a monthly Squeeze.

S&P 500 rallied sharply upward till mid-morning before selling off. It had a bounce and closed the day with an inverted hammer candle on its 21 EMA. Momentum remains downward. Volumetric buying pressure is at 34.1%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures traded up to $49.52 per barrel. Gold (/GC) futures traded down to $1267 per ounce. Silver (/SI) futures is at 17.295 per ounce.

Agriculture (DBA) ETF closed down at 22.03. Commodities (DBC) ETF closed at 15.20.

Bonds
High Yield bond ETF (HYG) is up at 84.02. Bonds ETF (TLT) dropped down to 133.76.

Currencies
The dollar index is at 93.605 and in a down trend. EUR/USD is trading at 1.13284. USD/JPY is at 104.850 continuing its downtrend.

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

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

Market Internals
Vix closed at 21.17. Vix futures is at 18.88. Skew is at 136.48. Market sentiment is bullish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The market is trading up and down like a yoyo with a potential for a break in either direction. It is a time of opportunity and danger. The prognosis is for another day of extreme volatility.

 

To YOUR wealth!

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