FRED

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)

19 August 2016 – Week ended in indecision

The market started the week making new all-time highs in the S&P 500 and Nasdaq 100 and new 2016 high in the Russell 2000. It ended the week undecided with the bears and bulls in a tussle.

Oil continued its uptrend and closed the week at $49.12 per barrel. Gold has been trading sideways and closed indecisively for the week at 1345.80 per ounce. Silver traded down for the week and closed at 19.305 per ounce.

Bond lost its upward momentum and is trading sideways.

The dollar index closed down for the week and is in a downward momentum.

Dow Transportation had a positive week and is playing catch-up to the other indices. On the weekly chart, it closed with a bullish marubozu candle above all its moving averages. Weekly momentum is upward. Weekly volumetric buying pressure is at 100.0%. The index is in a weekly Squeeze.

Dow Industrial started the week with a new all time high of 18668.44 and ended the week with a weekly doji candle. Weekly momentum remains upward. Weekly volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

Russell 2000 started the week by making a 2016 high of 1243.83 and closed the week with a spinning top doji candle above all its moving averages. Weekly momentum remains upward. Weekly volumetric buying pressure is at 100%.

Nasdaq 100 started the week by making an all time high of 4837.67 and closed the week with a small doji candle. Weekly momentum remains upward. Weekly volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

S&P 500 started the week by making an all time high of 2193.81. It closed with a small doji candle on its weekly chart above all its moving averages. Weekly momentum remains upward. Weekly volumetric buying pressure is at 100%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
Oil (/CL) futures continue to soar higher and closed at 49.12 per barrel. It closed with a bullish marubozu candle on its weekly chart, above all its above all its moving averages.

Gold (/GC) futures has been trading sideways at 1345.80 per ounce. It closed with a low closing doji candle above all its moving averages.

Silver (/SI) futures closed at 19.305 per ounce. It is in a small downtrend on its weekly chart and also in a Squeeze.

Agriculture (DBA) ETF closed at 20.86 and in a sideway market. Commodities (DBC) ETF continues its upward momentum and closed higher at 15.12.

Bonds
High Yield bond ETF (HYG) closed with a doji candle on its weekly chart at 86.59. It continues it uptrend.

Bonds ETF (TLT) closed at 138.71 with a small spinning top doji candle in a sideway momentum. It is in a daily Squeeze.

Currencies
The dollar index closed at 94.495 with a bearish marubozu candle on its weekly chart. It is in a weekly Squeeze.
EUR/USD is in an uptrend and closed with a bullish marubozu candle above all its moving averages at 1.13244.

USD/JPY continued is downtrend and closed at 100.19 with a small bearish marubozu candle.

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

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

Market Internals
Vix closed at 11.34. Vix futures closed at 14.675. Skew is at 136.58. Market sentiment remains bullish. Market breadth continues to slope downward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The Vix and Vix futures is telling us that market participants are not fearful of any serious downtrend. Market breadth continues to deteriorate. The market still has a bullish bias but market breadth is showing deterioration and hence caution is required. The prognosis is that the market bias remains upward but caution is required if the market breadth continues to deteriorate.

Stock of the Day
AMBR is the stock pick for the day. It is a provider of Cloud-based global trade management solutions.

 

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