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)

19 July 2016 – Netflix tanks, market holds

The indices were in a holding pattern at the start of the earnings season. Netflix (NFLX) took a hit after reporting disappointing subscriber number. Stocks were mixed, still at record levels. Trading were little changed for a second straight session. Microsoft (MSFT) reported earnings and investors took profit on the stock as it traded down for the day. It is case of buy the rumour and sell the news. The tech stocks are reporting over the next few days and we should see some movement in the Nasdaq 100. Bonds and dollar gained and oil lost a bit of ground.

Dow Transportation traded upward on market open and held its high of the day till the middle of the day. It ranged traded and petered out to close with a small doji 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 traded upward on market open and range traded for most of the day and had a last hour rally. It closed with a small bullish candle above all its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 99.8%. The index is in a monthly Squeeze.

Russell 2000 range traded till late morning before selling off. It traded downward throughout the afternoon and closed with a bearish marubozu candle. Momentum remains upward. Volumetric buying pressure is at 77.6%.

Nasdaq 100 traded within a 12 point range throughout the day. It closed with a small doji candle above all its moving averages. Volumetric buying pressure is at 99.2%. The index has just exited its weekly Squeeze and is in a monthly Squeeze.

S&P 500 traded upward till mid-morning and spent most of the day range trading. It had a last hour rally and closed with a doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index has exited its weekly Squeeze and is still in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures is trading at $45.53 per barrel and is still in a downtrend. Gold (/GC) futures has pulled back to its 21 EMA and is trading at $1333.9 per ounce. Silver (/SI) futures is trading at 20.020 per ounce.

Agriculture (DBA) ETF is at 21.06 and is in a down trend. Commodities (DBC) ETF closed at 14.77 and is heading south.

Bonds
High Yield bond ETF (HYG) closed at 85.69 and is trading sideways. Bonds ETF (TLT) closed at 139.04.

Currencies
The dollar index is at 97.175 and broke out to the upside from its ascending triangle. EUR/USD is trading at 1.10045 and continues its downtrend. USD/JPY is trading at 106.048 and is at its downsloping 50 SMA.

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

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

Market Internals
Vix closed down at 11.97. Vix futures is at 15.80. Skew is at 129.92. Market sentiment remains bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The indices are trading sideways at this early stage of earnings season. Vix is at a low level signalling that there is no fear of major down move in the market. Vix futures is at higher level signalling that market participants are factoring in future volatility. The Russell 2000 and Dow Jones Transportation are still way below their all-time high from last year. The S&P 500 and Dow Jones Industrial indices are at all time high. The divergence is something to keep in mind. The prognosis is for the market to be sideways to upwards. A small pullback is possible.

 

To YOUR wealth!

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