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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)

9 August 2016 – New all-time highs but same ending

The S&P 500 and Nasdaq 100 made new all time high of 4811.01 and 2187.66 respectively but could not maintain the intraday momentum. Stocks ended up little changed by the end of the day. Over 80% of the S&P 500 companies have reported and earnings for the day was mixed.

Oil traded lower to below $43 per barrel. The US Dollar index was down and bonds were strong for the day.

Dow Transportation traded downward on market open and continued in that direction throughout the day. It closed with a bearish candle on its 3 EMA line. Momentum remains upward. Daily volumetric buying pressure is at 52%. The index is in a weekly Squeeze.

Dow Industrial traded upward till mid-morning before seling off till late afternoon. It had a late day bounce to close with a small doji candle on its 3 EMA line. Momentum remains upward. Short term volumetric buying pressure is at 89.2%. The index is in a monthly Squeeze.

Russell 2000 had a surge about half an hour after market open but it did not have the follow through momentum. It range traded till the end of the day and closed with a small doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 85.8%.

Nasdaq 100 surged upward on market open before selling off in late morning trading. It range traded for the rest of the day and closed with a small inverted hammer candle. Momentum remains upward. Volumetric buying pressure is at 98.8%. The index is in a monthly Squeeze.

S&P 500 surged upward on market open till late morning before selling off till late afternoon. It bounced in the last hour of trading and closed with a small doji candle. Momentum remains upward. Volumetric buying pressure is at 95%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
Oil (/CL) futures traded lower to $42.71 per barrel. Gold (/GC) futures made gains and is trading $1352.5 per ounce. Silver (/SI) futures is trading at 20.000 per ounce.

Agriculture (DBA) ETF closed lower at 20.84. Commodities (DBC) ETF closed lower at 14.40.

Bonds
High Yield bond ETF (HYG) had a good day and made gains and closed at 86.19. Bonds ETF (TLT) bounced off its 50 SMA and closed at 139.62. It is in a daily Squeeze.

Currencies
The dollar index is lower at 95.810. EUR/USD is trading at 1.10832. USD/JPY is at 1.11393.

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

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

Market Internals
Vix made gains and is at 11.66. Vix futures is at 12.48. Skew is at 135.56. Market sentiment remains bullish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The Vix continues to tell that there is no fear in the market but the Skew is beginning to rise. Skew measures market participants perception of risk for outlier events. Market breadth is losing momentum but volume accumulation continues to increase. The indices continues to make new all-time high. The prognosis is for the market to grind upward but market participants are starting to price in risk.

Stock of the Day
ENDP is our pick of the day. This is a pharmaceutical company and the just reported good earnings and gapped up for the day.

 

To YOUR wealth!

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