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)

28 July 2016 – A quiet day

US stock indices had a fairly quiet day post FOMC meeting. The focus is on the BoJ central bank decision with anticipation of more stimulus. Technology stocks continue to outperform and the Nasdaq 100 the other indices. Worse performing are the Dow Jones Transportation stocks and index. The S&P 500 has been moving sideways for the past two weeks.

Gold surged and oil continues to fall and is trading below $41 per barrel. The dollar index and bonds are sideways.

Dow Transportation traded upward in the first half hour and remain range bound within a rather small range throughout the day. It closed with a small spinning top doji candle above its 21 EMA. Momentum remains upward. Daily volumetric buying pressure is at 96.8%. The index is in a weekly Squeeze.

Dow Industrial probed for the bottom in the first two hours after market open before reversing upward. It traded upward till the end of the day to close with a high closing doji candle just below its 8 EMA. Momentum remains upward. Short term volumetric buying pressure is at 99%. The index is in a monthly Squeeze.

Russell 2000 traded downward till mid-morning before reversing upward for the rest of the day. It closed with small doji candle on its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 95.5%. The index is in a monthly Squeeze.

Nasdaq 100 traded sideways for the first half of the day before surging upward to new yearly high at 4725.78. It closed with a bullish candle above its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 99.7%. The index is in a monthly Squeeze.

S&P 500 probed for its bottom by mid-morning before reversing upward for the rest of the day. It closed with a spinning top doji candle on its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is still in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures continues its downtrend and is trading at $41.08 per barrel. Gold (/GC) futures is trading at $1344.8 per ounce. Silver (/SI) futures is trading at 20.280 per ounce.

Agriculture (DBA) ETF continued its downtrend and closed at 20.46. Commodities (DBC) ETF continues its downtrend and closed at 14.16.

Bonds
High Yield bond ETF (HYG) closed down at 85.33. Bonds ETF (TLT) is trading sideways at 140.39.

Currencies
The dollar index is sideways at 96.530. EUR/USD is at 1.1078. USD/JPY traded sideways at 104.372.

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

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

Market Internals
Vix is at 12.72. Vix futures is at 14.45. Skew is at 128.51. Market sentiment is very bullish. Market breadth has flattened. Volumetric accumulation/distribution has flattened as well.

The Week Ahead
Market internals show that there is no fear in the market and the market remains strong. The Nasdaq 100 continues to power to new yearly high on solid performance by tech companies such as Apple and Facebook. The prognosis is for the upward momentum to continue.

Stock of the Day
Facebook continues to outperform in its latest earnings report. Betting on Facebook is akin to betting on a young Mark Zuckerberg. This is a repeat of betting on Steve Jobs when he was starting out in Silicon Valley with Apple. It is just a matter of time before Facebook becomes the most valuable company in the US market.

 

To YOUR wealth!

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