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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)

14 July 2016 – Ever higher …… onward to 2200 (S&P 500)!

Gaps and more gaps in the rush to new highs everyday! The S&P 500 hit a new all time high of 2168.99 and the Dow Industrial was at new all time high of 18537.57. Will the S&P 500 hit 2200 next week and the Dow Industrial 20,000 by the end of the month? It is very possible as these two indices are in a monthly Squeeze and S&P 500 is also in a weekly Squeeze. So S&P 500 at 2200 by next week is a very real possibility.

Oil continues to trade around the $45 per barrel mark as data shows an oil glut. Bonds and gold ended lower and the market zooms ever higher.

Dow Transportation gapped up on market open and range traded for the rest of the day. It closed with a bullish marubozu candle above all its moving averages. Momentum remains upward. Daily volumetric buying pressure is at 100%. The index is in a weekly Squeeze.

Dow Industrial had a big gap up on market open and range traded for the rest of the day. It closed with a bullish marubozu candle above all its moving averages. It made a new all time high of 18537.57. Momentum remains upward. Short term volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

Russell 2000 range traded throughout the day and closed with a small inverted hammer candle. Momentum remains upward. Volumetric buying pressure is at 83.4%.

Nasdaq 100 had a big gap up on market open and sold off after market open. It range traded throughout the day and closed with a marubozu candle above all its moving averages. It made a new yearly high of 4604.76. Momentum remains upward. Volumetric buying pressure is at 93.6%. The index is in a monthly Squeeze.

S&P 500 had a big gap up on market open and range traded throughout the day and closed with a bullish inverted hammer candle. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a weekly and monthly Squeezes.

Metals and Commodities
Oil (/CL) futures is trading sideways at $45.11 per barrel. Gold (/GC) futures pulled back to $1328.4 per ounce. Silver (/SI) futures is trading at 20.25 per ounce.

Agriculture (DBA) ETF is at 21.78. Commodities (DBC) ETF closed at 14.97.

Bonds
High Yield bond ETF (HYG) closed at 85.8. It is still above all its moving averages. Bonds ETF (TLT) closed at 139.59.

Currencies
The dollar index is at 96.025 and is sideways. EUR/USD is trading at 1.11339 and continues its downtrend. USD/JPY is traded at 106.222.

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

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

Market Internals
Vix closed down at 12.82. Vix futures is at 14.15. Skew is at 128.28. Market sentiment is EXTREMELY bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping sharply upward.

The Week Ahead
The S&P 500 and Dow Industrial continues to break out to new all-time high. Market internals continue to show super strength. The market is extremely bullish and idle cash are rushing back into the market. The prognosis is for the market to keep recording new highs for the short term.

 

To YOUR wealth!

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