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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)

29 August 2016 – Market broke out to the upside

After 2 days of indecision doji candles, the indices broke out to the upside. Has the market discounted the potential impact of the rate hikes as the US economy continues to perform well?

The indices rallied on low volume ahead of the Labor Day weekend and with the earnings season just about behind it. This coming Friday jobs report could cause a market reaction.

WTI crude dipped below $47 per barrel and the dollar index continued its upward rise. This is a trend reversal and will have wide ranging impact on the market.

Gold and silver traded sideways. Bond ETF looks set to break out to the upside.

Dow Transportation rallied on market open till early afternoon before pulling back. It closed with a small bullish candle above its 21 EMA. Daily momentum remains upward. Daily volumetric buying pressure is at 52.4%. The index is in a weekly Squeeze.

Dow Industrial rallied on market open and traded upward till early afternoon. It range traded for the rest of the day and closed with bullish candle above its 21 EMA. Momentum is neutral. Short term volumetric buying pressure is at 79.5%. The index is in a monthly Squeeze.

Russell 2000 rallied on market open after Friday’s big indecision candle. It closed with a bullish harami candle above its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 100%.

Nasdaq 100 traded sideways in the first 2 hours of trading before rallying upward till after midday. It pulled back in the afternoon and closed with a small doji candle. Momentum remains upward. Volumetric buying pressure is at 92%. The index is in a monthly Squeeze.

S&P 500 rallied upward on market open and buying pressure was persistent throughout the day. It closed with a bullish marubozu candle above all its moving averages. Momentum has reversed upward. Volumetric buying pressure is at 100%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
Gold futures continues to trade sideways at $1326.9 and formed a small spinning top doji candle below its 50 SMA. Momentum remains downward.

Silver futures gained for the day and is trading at $18.855 and formed a bullish hammer candle on its 8 EMA. Momentum remains downward.

WTI Crude oil traded down and dipped below $47 per barrel but is trading at $47.08 per barrel. Momentum remains upward.

Agriculture (DBA) ETF closed at 20.38 and momentum is downward. Commodities (DBC) ETF closed at 14.81 and pulled back to its 50 SMA.

Bonds
High Yield bond ETF (HYG) made gain and closed with a bullish marubozu candle above all its moving averages at 86.99. The uptrend remains.

Bonds ETF (TLT) closed with a bullish marubozu candle at 140.21. It is in a daily Squeeze.

Currencies
The dollar index is at 95.710 below its 8 EMA. Momentum is neutral.

EUR/USD traded downward at 1.11702 below its 8 EMA. Momentum is downward.

USD/JPY is at trading at 102.148 above its 21 EMA. Momentum is upward.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLF, XLI, XLK and XLB 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 lower at 12.94. Vix futures is at 14.72. Skew is at 131.30. Market sentiment is bullish. Market breadth continues to deteriorate. Volumetric accumulation/distribution has is sloping upward.

The Week Ahead
The market internals tell us that the market participants remain bullish but the market breadth is showing weakness. Hence caution is needed in this market.

Stock of the Day
TROX is our pick of the day. It is engaged in the production and marketing of titanium bearing mineral sands and titanium dioxide pigment.

 

To YOUR wealth!

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