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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)

29 July 2016 – New highs close out the week

The S&P 500 made new all time high at 2177.09 and the Nasdaq 100 made new 2016 high at 4743.25. The Russell 2000 made a new year high at 1224.77.

The news for the day was that from the Bank of Japan (BoJ). The BoJ has committed to increase its ETF purchases and keep rates steady at the close of its two day meeting.

Oil ended slightly higher on Friday close. Gold had a good day and made gains. The US Dollar index fell after the BoJ announcement.

GDP annual growth rate in Q2 was 1.2% which means the economy growth rate is below expectation. Personal consumption rose 4.2% in Q2 and GDP price index rose 2.2%. Michigan Consumer Sentiment for July is at 90.0. The current economic conditions index fell to 109.0 vs 110.8 last month.

Dow Transportation probed for the bottom in the first forty minutes after market open before surging upward till midday. It pulled back in the afternoon to close with a doji candle above its 21 EMA. Momentum remains upward. Weekly volumetric buying pressure is at 89.5%.

The index is in daily and weekly uptrend and also in a weekly Squeeze. It is in a monthly downtrend.

Dow Industrial probed for the bottom in the first forty minutes after market open. It surged upward till midday and range traded in the afternoon session to close with a small doji candle just below its 8 EMA but above its 21 EMA. Momentum remains upward. Short term volumetric buying pressure is at 89.3%.

The index is in a daily, weekly and monthly uptrend It is also in a monthly Squeeze.

Russell 2000 probed for the bottom of the day in the first forty minutes after market open before reversing sharply upward till midday. It range traded till the end of the day and closed with a spinning top doji candle above its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 100%.

The index is in a daily, weekly and monthly uptrend. It is also in a monthly Squeeze.

Nasdaq 100 probed for the bottom in the first forty minutes of trading before surging upward till midday. It pulled back in the afternoon and closed with a doji candle above its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 100%.

The index is in a daily, weekly and montly uptrend. It is also in a monthly Squeeze.

S&P 500 probed for the bottom in the first forty minutes after market open. It then surged upward till midday before range trading for the rest of the day and closed with a spinning top doji candle above its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 100%.

The index is in a daily, weekly and montly uptrend. It is also in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures bounced off its 200 SMA and closed at $41.38 per barrel with a spinning top doji candle. On the weekly chart, it closed with a bearish marubozu candle. On the monthly chart, oil has been in a downtrend since July 2014.

Gold (/GC) futures made gains and closed out the week at $1357.9 per ounce. On the weekly chart, it closed out the week with a solid bullish candle. On the monthly chart, gold is still in an uptrend.

Silver (/SI) futures closed for the week at 20.385 per ounce. It is in a daily Squeeze. On the daily, weekly and monthly chart, silver is in an uptrend.

Agriculture (DBA) ETF continued its daily, weekly and monthly downtrend and closed at 20.59.

Commodities (DBC) ETF continues its monthly and weekly downtrend and closed at 14.28. The weekly chart shows the recent uptrend has ended and it is pulling back into a downtrend.

Bonds
High Yield bond ETF (HYG) closed at 85.41. The daily and weekly chart shows and uptrend. On the monthly chart, it has broken out into an uptrend.

Bonds ETF (TLT) closed for the week at 141.56 with a bullish candle above all its moving averages. It is in a daily, weekly and monthly uptrend.

Currencies
The dollar index closed for the week at 95.515 with a big bearish marubozu candle on its 50 SMA. It has turned to a bearish daily downtrend but is still in a weekly and monthly uptrend.

EUR/USD closed at 1.11736 with a bullish marubozu candle above its 50 SMA. It has just turned from a daily downtrend to a daily uptrend. The weekly and monthly chart is still showing a downtrend.

USD/JPY closed at 102.072 with a big bearish marubozu candle. It has just turned to a daily trend. The weekly and monthly trend is still in a downtrend.

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

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

Market Internals
Vix is at 11.87. Vix futures is at 13.825. Skew is at 128.25. Market sentiment is bullish. Market breadth has flattened. Volumetric accumulation/distribution has flattened as well.

The Week Ahead
Market internals continue to remain strong and has flattened. Monday is the beginning of the new month and money managers will be under pressure to be buying for the new month. The prognosis is for more moves to the upside but market internals could be indicating a short term exhaustion.

Stock of the Day
The Stock of the Day is Amazon. This company has never ceases to amaze the investing public with its innovative approaches and continues to grow its sales revenue.

 

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