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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)

25 July 2016 – Caution ahead of FOMC

Crude prices continue their downtrend and the indices were volatile with the bulls and bears battling it out. Commodities prices continue lower after the recent gains. The dollar index pulled back slightly but is still in an uptrend. We have a big week ahead with potential market moving news. The FOMC meeting is on Wednesday and the Bank of Japan (BoJ) meeting is on Friday. And of course, the Democratic National Convention is happening this week.

Dow Transportation dropped on market open and range traded for most of the day. It closed with a bearish marubozu candle just below its 8 EMA. Momentum remains upward. Daily volumetric buying pressure is at 84.7%. The index is in a weekly Squeeze.

Dow Industrial dropped on market open and continued trading downward till middad. It ranged traded for most of the afternoon before a last hour rally to close with a bearish marubozu candle above its 8 EMA. Momentum remains upward. Short term volumetric buying pressure is at 97.2%. The index is in a monthly Squeeze.

Russell 2000 dropped on market open and continued dropping till mid-morning. It recovered till mid-afternoon before dropping to close with a small bearish candle on its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 82.2%.

Nasdaq 100 had a rather volatile day with big candles. It remained range bound throughout the day and closed with a small doji candle. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

S&P 500 traded downward in the morning and recovered in the afternoon session to form a rounded bottom. It closed with a bearish candle on its 3 EMA but above all its moving averages. Volumetric buying pressure is at 98.9%. The index is still in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures continues its downtrend and is trading at $43.19 per barrel. Gold (/GC) futures continues its pullback to $1319.9 per ounce. Silver (/SI) futures is trading at 19.685 per ounce.

Agriculture (DBA) ETF continued its downtrend and closed at 20.80. Commodities (DBC) ETF continues its downtrend and closed at 14.40.

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 continues its uptrend and is at 97.180. EUR/USD continues its downtrend and is trading at 1.09890. USD/JPY is trading at 104.740 and is continuing its downtrend.

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

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

Market Internals
Vix closed down at 12.87. Vix futures is at 15.50. Skew is at 129.65. Market sentiment remains bullish. Market breadth continues has flattened. Volumetric accumulation/distribution is flattening as well.

The Week Ahead
The indices are consolidating and market internals are telling us that there is no fear among market participants. The prognosis is that after many days of making new all-time highs, the indices are consolidating before the next moves.

 

To YOUR wealth!

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