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)

8 Jul 2016 – Bulls set to run to new highs

Strong jobs report and the indices are on the verge of breaking to new all time high. Four of the indices are now in a weekly Squeeze and for the S&P 500, the new all time high is just a few points away. Dow Industrial reached intraday high of 18079 and S&P 500 reached a high of 2125.5. Money that has been parked in cash came into the market. Vix fell to below 14.

With the strong jobs report, is it likely that the FED will raise the rate? It was another melt-up day for the indices. Earnings is around the corner and volatility will increase.

Dow Transportation gapped up on market open and continued trading upward till the end of the day. It closed with a bullish marubozu candle above all its moving avearages. Momentum has reversed upward. Daily volumetric buying pressure is at 85.2%.

This index is the weakest of all the five indices that we track. It is in a weekly Squeeze and looks set to break out above its weekly 50 SMA.

Dow Industrial gapped up on market open and traded upward for the rest of the day. It closed with a bullish marubozu candle above all its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 93.6%. The index is in a monthly Squeeze.

The index closed at 18146.74 and is set to break out to new yearly high at 18351.36. It closed for the week with a bullish candle.

Russell 2000 gapped up on market open and traded upward till the end of the day. It closed with a big bullish marubozu candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

The index closed for the week at 1177.36 with bullish candle above all its weekly moving averages.

Nasdaq 100 had a big gap up on market open and continued trading upward till the end of the day. It closed with a bullish marubozu candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 71.9%. The index is in a weekly and monthly Squeeze.

The index closed for the week with a bullish weekly marubozu candle and is in a Squeeze.

S&P 500 gapped up on market open and continued trading upward for the rest of the day. It closed with a big bullish candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

The index closed at 4528.36 with a weekly bullish marubozu candle above all its moving averages. It is in a weekly Squeeze.

Metals and Commodities
Oil (/CL) futures closed for the week at $45.12 per barrel. Oil had a bad week and closed with a weekly bearish marubozu candle.

Gold (/GC) futures held on to its recent gains and traded at $1367.4 per ounce. It exited its weekly Squeeze upward and is now trading above its weekly 200 SMA. It broke to new yearly high for the week.

Silver (/SI) futures closed for the week at 20.350 per ounce. It has been a good week for silver and closed above its weekly 200 SMA.

Agriculture (DBA) ETF sold off and closed at 21.43 with a small bearish weekly marubozu candle.

Commodities (DBC) ETF sold off and closed at 14.88 with a small bearish weekly marubozu candle.

Bonds
High Yield bond ETF (HYG) is up at 85.59 and closed with a bullish weekly marubozu candle. The high yield bond market is healthy and has been in an uptrend for the last six months.

Bonds ETF (TLT) closed at 143.60. It exited its weekly and monthly Squeeze upward and closed with a bullish candle above all its weekly moving averages.

Currencies
The dollar index is at 96.345 and is in a weekly and monthly Squeeze. It is set to explode higher. EUR/USD is trading at 1.10492 and is in a weekly and monthly Squeeze.

USD/JPY closed at 100.449. It continues in its down trend.

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

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

Market Internals
Vix closed down at 13.20. Vix futures is at 14.775. Skew is at 127.20. Market sentiment is very bullish. Market breadth continues to slope upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The good jobs report was the catalyst to move this market to new highs and the indices look set to break out to new multi-year high. Earnings season is here again. The market looks set to break out to new multi-year highs. The prognosis is to position one’s trade to the upside as that is the direction that the market is moving.

 

To YOUR wealth!

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