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)

25 August 2016 – Market waiting for Yellen

The biotech sector continues to be a drag on the indices as politicians hone in on alleged price gouging in the sector. This is an election year and the market has taken notice of the politicians. Meanwhile, the FED members meet at Jackson Hole, Wyoming and the outcome will be known on Friday. There were no other catalysts to move the market. Volume remains thin as earnings season and summer wind down.

Dow Transportation grinded upward till mid-morning and then sold off. It traded downward for the rest of the day and closed with a bearish marubozu candle on its 21 EMA. Daily momentum remains upward. Daily volumetric buying pressure is at 60.6%. The index is in a weekly Squeeze.

Dow Industrial grinded upward in a scrappy trading for the first 2 hours after market open. Sellers came in and it traded downward for the rest of the day and closed with a small spinning top doji candle below its 21 EMA. Momentum has reversed downward. Short term volumetric buying pressure is at 80.8%. The index is in a monthly Squeeze.

Russell 2000 surged upward in the first 2 hours after market open. It pulled back slightly and range traded for the rest of the day and closed above its 8 EMA with a spinning top doji candle. Momentum remains upward. Volumetric buying pressure is at 90.8%.

Nasdaq 100 traded upward in the first 2 hours after market open in scrappy trading. It pulled back by the end of the day and closed with a small low closing doji candle on its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 91.4%. The index is in a monthly Squeeze.

S&P 500 traded upward in the first 2 hours in scrappy trading. It suffered a slow pullback till the end of the day and closed with a low closing doji candle on its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 99.8%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
Gold futures traded at $1325.9 and formed a small doji candle below its 50 SMA. Momentum remains downward.

Silver futures traded sideways at $18.555 and formed a small doji candle below its 3 EMA. Momentum remains downward.

Crude oil gained for the day and is trading above its 8 EMA at $47.28 per barrel. Momentum remains upward.

Agriculture (DBA) ETF closed at 20.66 and momentum is downward. Commodities (DBC) ETF closed at 14.92 on its 8 EMA.

Bonds
High Yield bond ETF (HYG) made gain and closed above its 8 EMA at 86.66. The uptrend remains.

Bonds ETF (TLT) closed sideways at 139.17. It is in a daily Squeeze.

Currencies
The dollar index is at 94.640 below its 8 EMA. Momentum remains downward.

EUR/USD traded sideways at 1.12898 and remains above its 8 EMA. Momentum remains upward.

USD/JPY is at 100.472 at its 8 EMA in a downward momentum.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLF, XLI, XLK, XLU, XLB and XLY 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 13.63. Vix futures is at 15.05. Skew is at 131.06. Market sentiment is bullish. Market breadth continues to deteriorate. Volumetric accumulation/distribution has flattened.

The Week Ahead
The market internals are telling us that there are downward selling pressure on this market as the market breadth continues to deteriorate. Many market participants remains bullish on the market. The prognosis is that the bulls and bears continue to tussle and the outcome of the FED meeting on rate increase will be the determinant on the short term market direction.

Stock of the Day
KTOS remains our pick of the day. It is in the technology sector focusing on defense.

 

To YOUR wealth!

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