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)

15 July 2016 – Market remains resilient and all time highs

The market remains resilient despite the terrorist attack on Bastille Day in France. And as we write, there is a coup-d’etat in Turkey. Where will the market be when it opens on Monday?

The market had a mixed day with most of the indices pulling back slightly due to events in Nice, France. Dow Industrial reached an all time high of 18557.43.

Dow Transportation gapped down on market open and proceeded to range trade for the rest of the day. It closed with a bearish marubozu candle above all its moving averages. Momentum remains upward. Daily volumetric buying pressure is at 94%.

On the weekly chart, it closed with a bullish marubozu candle above all its moving averages. Its 50 week SMA is still in a down trend. The index is in a weekly Squeeze.

Dow Industrial traded sideways on market open till mid-morning and sold off till midday. It traded upward in the afternoon session and closed with a doji candle above all its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 91.2%. The index is in a monthly Squeeze.

On the weekly chart, it closed with a bullish breakout marubozu candle above all its moving averages.

Russell 2000 range traded throughout the day and closed with a small doji candle. Momentum remains upward. Volumetric buying pressure is at 75.5%.

On the weekly chart, it closed with a bullish breakout marubozu candle above all its moving averages. The index is in a monthly Squeeze.

Nasdaq 100 traded downward on market open till midday before recovering partially at the close. It ended the day with a small bearish ‘rolling pin’ candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 86.6%.

On the weekly chart, it closed with a bullish marubozu candle above all its moving averages. The index is in a weekly and monthly Squeeze.

S&P 500 traded sideways in the first two after market open before selling off. It rallied after midday and closed with a bearish spinning top doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 90.2%.

On the weekly chart, it closed with a bullish breakout marubozu candle above all its moving averages. The index is in a weekly and monthly Squeezes.

Metals and Commodities
Oil (/CL) futures closed the week with a slight gain at $46.98 per barrel. It has pulled back since making a high of $51.67 per barrel five weeks ago.

Gold (/GC) futures closed the week with a bearish weekly candle at $1337.7 per ounce. Silver (/SI) futures closed at 20.295 per ounce.

Agriculture (DBA) ETF closed the week with a weekly bearish candle at 21.34. Commodities (DBC) ETF closed the week with a weekly doji candle at 14.93.

Bonds
High Yield bond ETF (HYG) closed with a weekly doji candle at 85.63. It is still in an uptrend which bodes well for the market. Bonds ETF (TLT) closed at 138.39.

Currencies
The dollar index closed the week with a bullish hammer candle at 96.720. It is in a weekly and monthly Squeeze. EUR/USD closed the week with a small bearish weekly gravestone doji at 1.10339. USD/JPY closed the week with a bullish weekly marubozu candle at 104.84.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 (8.54%) are XLI (11.2%), XLF (10.32%), XLB (10.31), XLY (9.17%), XLK (9.09%) and XLV (8.8%) respectively.

On a 3-month lookback, the relative strength order are XLE (11.54%), XLU (11.29%), XLI (11.2%), XLF (10.32%), XLB (10.31%), XLY (9.17%), XLK (0.09%) and XLV (8.8%) are outperforming the S&P 500.

Market Internals
Vix closed down at 12.67. Vix futures is at 13.825. Skew is at 129.76. Market sentiment is EXTREMELY bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping sharply upward.

The Week Ahead
The market consolidated into the close for the week. The market participants are rather bullish and the US economic data and the current earnings season are giving it the optimism. The prognosis is for the market to continue its uptrend.

 

To YOUR wealth!

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