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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)

10 August 2016 – Finally…a pullback

The indices pulled back slightly after many days of making new historic highs. There is no major market moving news and the market traded without much direction. Technology and financial stocks are leading the market and the laggards are Utilities and Consumer Staples.

Oil pulled back to below $42 per barrel and looks to resume its downtrend. Gold and Silver made slight gain. The US dollar index dipped further and bond made slight gains.

Dow Transportation traded downward in the first hour after market open and then range traded for the rest of the day. It closed with a bearish candle below its 21 EMA. Momentum is neutral. Daily volumetric buying pressure is at 36.6%. The index is in a weekly Squeeze.

Dow Industrial made slight gain in the first half hour after market open before selling off. It traded downward for the rest of the day and closed with a bearish candle above its 8 EMA. Momentum remains upward. Short term volumetric buying pressure is at 81%. The index is in a daily and monthly Squeeze.

Russell 2000 traded downward on market open and continued in that direction till late morning. It range traded for the rest of the day to close on its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 69.9%.

Nasdaq 100 traded downward on market open till late morning before range trading for the rest of the day. It closed with a bearish candle on its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 97.5%. The index is in a monthly Squeeze.

S&P 500 traded downward from market open and range traded in the afternoon session. It closed with a bearish marubozu candle on its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 90.5%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
Oil (/CL) futures traded lower to $41.32 per barrel. Gold (/GC) futures made gains and is trading $1351.5 per ounce. Silver (/SI) futures made slight gain and is trading at 20.260 per ounce.

Agriculture (DBA) ETF closed lower at 20.71. Commodities (DBC) ETF closed lower at 14.23.

Bonds
High Yield bond ETF (HYG) formed a Dark Cloud Cover candle pattern closed at 86.03. Bonds ETF (TLT) bounced off its 50 SMA and closed at 140.16. It is in a daily Squeeze.

Currencies
The dollar index is lower at 95.520. EUR/USD made gains and is trading at 1.11850. USD/JPY is down at 101.106.

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

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

Market Internals
Vix made slight gains and is at 12.05. Vix futures is at 13.02. Skew is at 133.25. Market sentiment is neutral. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping downward as well.

The Week Ahead
The Vix reading shows that there is still no fear in the market. The slight pullback is rather normal market behaviour. Market internals are showing a drop in bullishness and more caution. The prognosis is that there is still a bullish bias to the market.

Stock of the Day
SBGL is our pick of the day. It is a South-Africa based company and it owns and operates gold and uranium operations.

 

To YOUR wealth!

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