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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)

8 September 2016 – ECB disappoints, Bond tanks, Apple falls

The European Central Bank (ECB) left all three main rates unchanged and there is no discussion on the extension of its asset purchase plan. Following that news, the bond market tanks. Apple suffered a big reversal downward and brought the Nasdaq, S&P500 and the Dow Jones Industrial index with it.

The Nasdaq snapped a 4-day winning streak which led by Apple following an analyst downgrade. Oil prices rose on news of inventories drawdown and gold finishes the day lower.

Dow Transportation traded sideways till midday before buyers came in. It traded upward in the afternoon and closed with a small bullish candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in its monthly Squeeze.

Dow Industrial range traded throughout the day in tight ranges and closed with a small doji candle on its 21 EMA.. Momentum is upward. Short term volumetric buying pressure is at 73.5%. The index is in a daily and monthly Squeeze.

Russell 2000 traded in tight ranges throughout the day and closed with a small bearish hammer candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 82.4%.

Nasdaq 100 traded in a small range in the morning and sold off after midday. It recovered and traded upward in the afternoon session to close with a small bearish candle on its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 79.4%. The index is in a monthly Squeeze.

S&P 500 range traded throughout the day and closed with a small doji candle on its 8 EMA. Momentum is upward. Volumetric buying pressure is at 81.4%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil futures had a big day on news of inventories drawdown and gained over $2 per barrel and is trading at $47.24 per barrel above all its its moving averages. Momentum is upward.

Gold futures traded down to $1342.5 to its 50 SMA. Momentum is upward.

Silver futures traded down to 19.705 to its 50 SMA. Momentum is upward.

Agriculture (DBA) ETF closed at 20.48 above its 8 EMA but below its 21 EMA. Momentum remains downward.

Commodities (DBC) ETF closed at 14.88 with a bullish candle above all its moving averages. Momentum has reversed upward.

Bonds
High Yield bond ETF (HYG) closed with a bearish candle at 86.60 with a bearish candle above its 21 EMA. Momentum remains upward.

Bonds ETF (TLT) closed at 137.79. Bond futures (/ZB) closed with a big bearish candle below all its moving averages. Momentum remains downward. It is in a daily Squeeze.

Currencies
The dollar index is at 94.905 with downward momentum.

EUR/USD closed with an inverted hammer candle above all its moving averages. It is trading at 1.12731 above all its moving averages. Momentum is upward.

USD/JPY traded upward to form a bullish candle and is trading at 102.132 below all its moving averages. Momentum remains upward.

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

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

Market Internals
Vix closed 12.51. Vix futures is at 13.42. Skew is at 129.74. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution continues to slope upward.

The Week Ahead
The indices are showing mixed signals. Dow Industrial, Nasdaq 100 and S&P 500 e-minis futures rolled over to a new contract month and that could have affected the indices. Market internals continue to show strength and the prognosis is for the indices to recover.

Stock of the Day
PETX is the pick of the day. Aratana Therapeutics Inc is a pet therapeutics company focused on licensing, developing and commercializing piopharmaceutical products for companion animals.

 

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