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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)

26 August 2016 – FED speaks and volatility!


The FED chairperson put her case for an increase in the federal fund rates in the coming months and the market went up. That was before another FED member, Stanley Fischer explained that Yellen’s comments were consistent with a September rate hike and the indices plunged! It managed to rally from its low at the close of the week. The Fed’s preferred inflation indicator, the PCE will be released this coming Monday.

Dow Transportation traded sideways in the first half hour before Janet Yellen’s speech. It shot up in the first half hour immediately. It then sold off till the last hour of the day and managed to pull back slightly till to close with a bearish rolling pin candle below its 21 EMA. Daily momentum remains upward. Daily volumetric buying pressure is at 45.3%.

On the weekly chart, the index is in a weekly Squeeze and it closed with bearish candle on its 8 EMA.

Dow Industrial traded sideways till the Janet Yellen’s speech at 10 am (EST). It shot up in the following half hour before the big selloff and plunged till late afternoon. The index pulled back and closed with a big bearish rolling pin candle below its 21 EMA. Momentum is downward. Short term volumetric buying pressure is at 55.5%. The index is in a monthly Squeeze.

On its weekly chart, the index closed with a bearish candle on its 8 EMA.

Russell 2000 rallied during Janet Yellen’s speech at 10 am but it was short-lived. It plunged by mid-morning and reached its low of the day by late afternoon before pulling back and closed with a long doji candle on its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 86.3%.

On its weekly chart, the index closed with a spinning top doji candle above all its moving averages.

Nasdaq 100 rallied during the Janet Yellen’s speech and hovered for another hour before plunging to its low of the day by late morning. It managed to recover by the end of the day to close with a doji candle below its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 87.4%. The index is in a monthly Squeeze.

On its weekly chart, the index closed with a spinning top doji candle on its 3 EMA.

S&P 500 rallied upward during Janet Yellen’s speech and hovered for another hour before plunging. It reached its low of the day by mid-afternoon and pulled back and closed with a spinning top doji candle below its 21 EMA. Momentum has reversed downward. Volumetric buying pressure is at 86.5%. The index is still in a daily and monthly Squeeze.

On its weekly chart, the index closed with a bearish candle above its 8 EMA.

Metals and Commodities
Gold futures closed at $1324.0 and formed a low closing doji candle below its 50 SMA. Momentum remains downward.

Silver futures closed at $18.720 and formed a inverted hammer candle below all its moving averages. Momentum remains downward.

Crude oil closed at $47.29 per barrel with a low closing doji candle above all its moving averages. Momentum remains upward.

Agriculture (DBA) ETF closed at 20.53 with a bearish rolling pin candle. It is in a Squeeze and momentum is downward.

Commodities (DBC) ETF closed at 14.87 with a big spinning top doji candle below its 8 EMA. Momentum remains upward.

Bonds
High Yield bond ETF (HYG) closed at 86.56 with a big doji candle on its 21 EMA. Momentum remains upward.

Bonds ETF (TLT) closed at 138.36 with a big bearish candle below its 50 SMA. It is in a daily Squeeze.

Currencies
The dollar index is at 95.495 with a big bullish candle below its 50 SMA and above its 8 EMA. Momentum is neutral.

EUR/USD closed at 1.11954 with a big bearish candle below its 21 EMA. Momentum is neutral.

USD/JPY closed at 101.809 with a big bullish candle above its 21 EMA. Momentum remains downward.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLF, XLI, XLK, 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 at 13.65. Vix futures is at 15.125. Skew is at 132.40. Market sentiment remains bullish. Market breadth continues to deteriorate. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
Market internals continue to deteriorate and our prognosis is for the market to pull back going into September.

Stock of the Day
ADBE remains our pick of the day. It is a software company in digital media, marketing and print and publishing.

 

To YOUR wealth!

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