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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)

4 August 2016 – It is a grind upward

The indices had a volatile first hour with quick up and down buying and selling and finally grinding its way up for small gains. Crude oil climbed back up from below $40 per barrel to above $41 per barrel. Gold and silver traded sideways and the US dollar index were little changed. Bonds outperformed which is good for market bulls.

The Bank of England cut its main interest rate to 0.25% from 0.5% and is looking to buy government and corporate bonds to stimulate the UK economy.

Dow Transportation sold off in the first half hour after market open and had a sharp bounce upward. It range traded throughout the day and closed with a small bullish candle just above its 50 SMA. Momentum is neutral. Daily volumetric buying pressure is at 99%. The index is in a weekly Squeeze.

Dow Industrial suffered a sharp drop in the first half hour and spent the rest of the day range trading. It closed with a small doji candle above its 21 EMA. Momentum remains upward. Short term volumetric buying pressure is at 93.4%. The index is in a monthly Squeeze.

Russell 2000 had a sharp drop and bounce in the first hour of trading. It range traded throughout the day and closed with a low closing doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 81.8%.

Nasdaq 100 suffered a sharp drop and bounce in the first hour of trading after market open. It grinded its way upward till the end of the day to close with a small bullish candle. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

S&P 500 suffered a sharp drop and bounce in the first hour of trading and then range traded for the rest of the day. It closed with a doji candle on its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 100%. The index is still in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures is trading at $41.80 per barrel. Gold (/GC) futures traded sideways at $1366.0 per ounce. Silver (/SI) futures is trading at 20.395 per ounce.

Agriculture (DBA) ETF is trading sideways and closed at 20.65. Commodities (DBC) ETF closed higher at 14.30.

Bonds
High Yield bond ETF (HYG) bounced upward and closed at 85.35. Bonds ETF (TLT) gapped down and closed at 139.45.

Currencies
The dollar index is at 95.725 on its 50 SMA. EUR/USD is trading at 1.11324. USD/JPY is at 101.324.

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

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

Market Internals
Vix made gains and is at 12.42. Vix futures is at 13.45. Skew is at 127.06. Market sentiment is just bullish. Market breadth continues to slope downward. Volumetric accumulation/distribution is sloping downward as well.

The Week Ahead
Market internals are showing a bit of weakness. There is still no fear in the market and the market is looking for a catalyst. The prognosis is this market could continue to grind upwards.

Stock of the Day
HMY is our pick of the day. This is a gold mining company and is ideal for those wanting to take a position on gold.

 

To YOUR wealth!

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