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)

24 August 2016 – Fear of rate hike by FED

The indices pulled back on fear of rate hike by the FED which could be imminent by Friday. Nasdaq 100 suffered one of the bigger pullbacks led by biotech/pharma as price gauging caught the attention of a few senators.

Gold plunged more than 1% today and is trading at 1327.3 per ounce below its 50 SMA.

Crude lost more than 2% and is trading at 46.67 per barrel on its 8 EMA.

Bonds were little changed and trading sideways at 139.7.

Dow Transportation formed a intraday rounded top as it traded upward till midday. It traded down in the afternoon session and broke support and closed with a doji candle on its 3 EMA. Daily momentum remains upward. Daily volumetric buying pressure is at 73.9%. The index is in a weekly Squeeze.

Dow Industrial traded down till mid-morning and bounced upward till midday. It sold off in the afternoon session and closed with a bearish marubozu candle on its 21 EMA. Momentum remains upward. Short term volumetric buying pressure is at 76.9%. The index is in a monthly Squeeze.

Russell 2000 range traded till midday and then had a big sell-off. It closed with a bearish marubozu candle on its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 77.3%.

Nasdaq 100 had a slow sell-off till after midday when it plunged. It closed with a bearish rolling pin candle above its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 88.9%. The index is in a monthly Squeeze.

S&P 500 traded down on market open and had a slight bounced till midday. It plunged on big sell-off and closed with a bearish rolling pin candle on its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 92.5%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
Gold plunged more than 1% today and is trading at $1327.3 per ounce and closed with a big bearish marubozu candle below its 50 SMA. Silver continues its downtrend and closed with a bearish marubozu candle. Momentum for gold and silver have now shifted downward.

Crude lost more than 2% and is trading at 46.67 per barrel on its 8 EMA.

Bonds were little changed and trading sideways at 139.7.

Agriculture (DBA) ETF closed at 20.74 and momentum is neutral. Commodities (DBC) ETF formed a trend reversal candle and closed at 14.86.

Bonds
High Yield bond ETF (HYG) pulled back to its 8 EMA and closed at 86.50.

Bonds ETF (TLT) closed sideways at 139.70. It is in a daily Squeeze.

Currencies
The dollar index continued its downward trend and is at 94.690 on its 8 EMA. EUR/USD pulled back to below its 8 EMA is trading at 1.1270. USD/JPY is in a downward trend and is trading at 100.46.

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

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

Market Internals
Vix closed higher at 13.45. Vix futures surged to 15.20. Skew is at 130.43. Market sentiment has a bearish bias now. Market breadth has flattened. Volumetric accumulation/distribution has flattened.

The Week Ahead
The Vix futures is pricing in potential volatility. Market breadth continues to deteriorate. Market is now taking notice of the potential rate hike announcement on Friday by the FED. The prognosis is to remain cautious in this market.

Stock of the Day
KTOS is our pick of the day. We recommended this company before. It is in the technology sector focusing on defense.

 

To YOUR wealth!

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