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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)

21 July 2016 – A pullback in the indices

The indices pulled back for a breather after many days of new highs. Dow Transportation continues to under-perform. The dollar index pared recent gains after BoJ rejected the idea of helicopter money. Gold was up slightly after recent pullback. Oil continues to trade in the $45 per barrel region. Bonds continue to lose ground as money continues to rotate into the equity market.

Dow Transportation gapped down on market open and rallied in the first hour to its opening price and hit resistance. It traded down throughout the rest of the day to close with a bearish marubozu candle below its 8 EMA. Momentum remains upward. Daily volumetric buying pressure is at 82.1%. The index is in a weekly Squeeze.

Dow Industrial range traded till mid-morning before selling off. It closed with a bearish marubozu candle above its 8 EMA. Momentum remains upward. Short term volumetric buying pressure is at 96%. The index is in a monthly Squeeze.

Russell 2000 probed for the high of the day in the first hour of trading. It then sold off and traded downward for the rest of the day to close with a bearish candle below its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 78.6%.

Nasdaq 100 probed for its high of the day in the first half hour. It traded downward for most of the day and closed with a bearish candle above its 3EMA. Momentum remains upward. Volumetric buying pressure is at 96.8%. The index is in a monthly Squeeze.

S&P 500 range traded till late morning and started selling off till end of the day. It closed with a bearish candle above its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 96.1%. The index is still in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures continues its downtrend and is trading at $44.82 per barrel. Gold (/GC) futures had a slight bounce and is trading at $1327.6 per ounce. Silver (/SI) futures is trading at 19.810 per ounce.

Agriculture (DBA) ETF continued its sell-off and closed at 20.73. Commodities (DBC) ETF closed at 14.59 and is heading south.

Bonds
High Yield bond ETF (HYG) closed at 85.79 and is looking to breakout to the upside. Bonds ETF (TLT) closed at 138.56.

Currencies
The dollar index is at 96.985 and has enter into a daily Squeeze. EUR/USD is trading at 1.1024 and continues its downtrend. USD/JPY is trading at 105.788 and is at its downtrending 50 SMA.

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

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

Market Internals
Vix closed down at 12.74. Vix futures is at 15.80. Skew is at 128.01. Market sentiment is now neutral. Market breadth continues to slope upward. Volumetric accumulation/distribution is flattening.

The Week Ahead
The market took a breather for a day and is still in a strong uptrend. The market internals continue to be strong although market sentiment is neutral. The prognosis is for the uptrend to continue but in the short term, sideways trading can be expected.

 

To YOUR wealth!

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