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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)

1 August 2016 – New All-Time highs in Nasdaq and S&P 500

The first day of the month means money managers had to deploy their cash in this bull market or miss making market beating returns that their clients expects. And so, we see that the Nasdaq 100 made new all-time highs at 4767.24 and 2178.29 respectively. Dow Transportation and Dow Industrial finished lower for the day while the Russell 2000 ended the day with a doji candle.

Oil carried on its downward momentum and is trading just above $40 per barrel. Gold and Silver made slight gains. The dollar index had a slight bounce after the big sell-off last Friday.

The 30-year treasury bond traded lower for the day.

Dow Transportation surged upward till mid-morning before selling off. It range traded in the afternoon to close with a bearish spinning top candle just below its 21 EMA. Momentum remains upward. Daily volumetric buying pressure is at 89.4%. The index is in a weekly Squeeze.

Dow Industrial rallied upward on market open till late morning before a big sell-down took place before midday. It range traded for the rest of the day and closed with s small spinning top doji candle. Momentum remains upward. Short term volumetric buying pressure is at 95.2%. The index is in a monthly Squeeze.

Russell 2000 rallied upward on market open till mid-morning before a big sell-off took place. It recovered in early afternoon trade and range traded for the rest of the day to close with a spinning top doji candle. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

Nasdaq 100 surged upward on market open and made new historic high at 4767.24 before a sharp sell-off. It recovered slightly in the afternoon session and closed with a bullish candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

S&P 500 surged upward on market open and made new historic high at 2178.29 before a sharp sell-off. It range traded for the rest of the afternoon and closed with a spinning top doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 94.4%. The index is still in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures continues its downtrend and is trading at $40.08 per barrel. Gold (/GC) futures made slight gain and is trading at $1359.9 per ounce. Silver (/SI) futures is trading at 20.495 per ounce.

Agriculture (DBA) ETF continued its downtrend and closed at 20.495. Commodities (DBC) ETF continues its downtrend and closed at 14.03.

Bonds
High Yield bond ETF (HYG) sold off and closed down at 84.55. Bonds ETF (TLT) is trading sideways at 139.77.

Currencies
The dollar index recovered slightly for the day at 95.725. EUR/USD is at 1.11641. USD/JPY traded sideways at 102.309.

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, XLV, XLF, XLU, XLY, XLI and XLB are outperforming the S&P 500.

Market Internals
Vix is at 12.44. Vix futures is at 13.68. Skew is at 128.01. Market sentiment is neutral. Market breadth is turning downward. Volumetric accumulation/distribution is turning downward as well.

The Week Ahead
Market internals show that there is no fear in the market but the potential for a pullback appears to be beginning. The prognosis is that the market is vulnerable to a pullback.

Stock of the Day
Pharmaceutical stocks are taking off and Eli Lilly has been leading the charge upwards.

 

To YOUR wealth!

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