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)

7 July 2016 – Uncertainties and Indecisions

The indices started with a rally but gave up all its early gains and then some. It managed to claw back to their opening levels and making it an indecisive day of trading. Market does not know it should be doing when there are no catalysts to move it either way. Oil had a bad day and dropped to about $45 per barrel. The drop in oil was followed by the stocks selling off. Bonds held on to its recent gains and gold and silver had a positive start but gave back some of its gains. The dollar index gained for the day.

Dow Transportation rallied upward in the first half hour after market open. It sold after by mid-morning and range traded for the rest of the day and closed with a small inverted hammer candle below its 21 EMA. Momentum remains downward. Daily volumetric buying pressure is at 94.1%.

Dow Industrial rallied on market open and traded upward in the first half hour. It started selling off by mid-morning and rallied in the last hour of trading to close with a spinning top doji candle on its 3 EMA. Momentum remains upward. Short term volumetric buying pressure is at 71.1%. The index is in a monthly Squeeze.

Russell 2000 rallied upward in the half hour of trading and sold off by mid-morning. It range traded in the afternoon and rallied in the last hour of trading to close with a spinning top doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 91.8%.

Nasdaq 100 rallied in the first half hour of trading and then leveled out. It sold off and traded downward till later afternoon and had a last hour rally to close with a small spinning top doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 91.3%. The index is in a monthly Squeeze.

S&P 500 rallied in the first half hour after market open before levelling off. It sold off till later afternoon before a last hour rally to close with a spinning top doji candle above its moving averages. Momentum remains upward. Volumetric buying pressure is at 98.4%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures sold off and is trading at $45.19 per barrel. Gold (/GC) futures held on to its recent gains and traded at $1361.8 per ounce. Silver (/SI) futures is trading at 19.745 per ounce.

Agriculture (DBA) ETF sold off and closed at 21.18. Commodities (DBC) ETF sold off and closed at 14.73.

Bonds
High Yield bond ETF (HYG) is up at 84.47. Bonds ETF (TLT) closed at 142.55.

Currencies
The dollar index is at 96.340 and looks set to break to new high. EUR/USD is trading at 1.10615. USD/JPY is at 100.721 continues its downtrend.

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

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

Market Internals
Vix closed down at 14.76. Vix futures is at 16.02. Skew is at 124.72. Market sentiment is very bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The market does not have a catalyst to move it in either direction and seems rudderless at the moment. When the oil market sold off, it started to follow it and then remembered that perhaps that is a good thing. The prognosis is that the market seeks a catalyst and this Friday, we may have some news that could sway the market for a short while.

 

To YOUR wealth!

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