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)

27 June 2016 – Pro-Brexit market

The indices had down and carried on from where it left off on Friday. Presumably, some funds were forced to liquidate due to margin calls. UK credit rating has been downgraded by S&P after the Brexit vote. The S&P 500 broke below the 2000 support level and also the 200 SMA. The defensive sectors such as Utilities and consumer staples did well as funds rotate into them. Bonds gained as well as the market sold off. The dollar gained against the euro and the british pound.

Dow Transportation gapped down and traded downward in the first hour. It range traded for the rest of the day. It closed with a bearish Marubozu candle far below all its moving averages. Momentum remains downward. Daily volumetric buying pressure is at 0%.

Dow Industrial had a small gap down and range traded for most part of the day. It closed with a bearish marubozu candle below its 200 SMA. Momentum is downward. Short term volumetric buying pressure is at 1.4%. The index is in a daily and monthly Squeeze.

Russell 2000 gapped down and continued trading downward for the rest of the day. It closed with a big bearish marubozu candle. Momentum is downward. Volumetric buying pressure is at 0.4%.

Nasdaq 100 had a big gap down on market open and continued trading downward for the first two hours. It range traded for the rest of the day and closed way below all its moving averages. Momentum remains downward. Volumetric buying pressure is at 0.9%. The index is in a monthly Squeeze.

S&P 500 gapped down on market open and continued trading downward in the first hour. It then range tradd for the rest of the day and closed with a big bearish marubozu candle below all its moving averages. Volumetric buying pressure is at 0.9%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures traded down to $47.01 per barrel. Gold (/GC) futures is at $1320.90 per ounce. Silver (/SI) futures is at 17.755 per ounce.

Agriculture (DBA) ETF closed down at 21.78. Commodities (DBC) ETF gapped up and closed at 14.98.

Bonds
High Yield bond ETF (HYG) sold off and closed at 82.05. Bonds ETF (TLT) dropped down to 132.23.

Currencies
The dollar index is at 96.245 and has gained since the Brexit vote. EUR/USD is trading at 1.10515. USD/JPY is at 101.800 continuing its downtrend.

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

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

Market Internals
Vix closed at 23.85. Vix futures is at 21.90. Skew is at 136.43 and has lost it elevated values. Market sentiment is bearish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping upward as well.

The Week Ahead
The market is suffering the aftershock of the Brexit vote. Key support levels for the indices have been broken. The prognosis is that the overall momentum of the indices is downward.

 

To YOUR wealth!

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>