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)

14 September 2016 – Indices at Support. Will it hold?

The indices found buyers in the morning and largely gave back all its gains by the end of the day. Nasdaq 100 is the only indices closing above its 50 day moving average. Apple made gain for the day and on a day when stocks closed lower in broad selling in the afternoon.

WTI crude continue to slip and close below $44 per barrel in a continuing downtrend. The dollar index continues its sideways action and bond futures found support on its 200 SMA. It too has been trading downwards.

Dow Transportation range traded throughout the day in rather tight ranges and closed with a small spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward. Volumetric buying pressure is at 60.6%. The index is in its monthly Squeeze.

Dow Industrial traded upward till mid-morning and range traded till midday. Sellers came in and it closed with a low closing spinning top doji candle its 8 EMA, 21 EMA and 50 SMA. Momentum remains downward. Short term volumetric buying pressure is at 6.3%. The index is in a monthly Squeeze.

Russell 2000 range traded in a narrow range and closed with a small doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward. Volumetric buying pressure is at 25.1%.

Nasdaq 100 traded upward till midday before sellers came in. It cloased with a spinning top doji candle on its 50 SMA but below its 8 EMA and 21 EMA. Momentum remains downward. Volumetric buying pressure is at 56.4%. The index is still in a monthly Squeeze.

S&P 500 traded upward in the morning but gave up its early gains in the afternoon. It closed with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Volumetric buying pressure is at 31.1%. The index is still in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures continue its sell-off and closed with a bearish candle below its 50 SMA. It is trading at $43.65 per barrel. Momentum is downward.

Gold futures continues to range trade up and down within a range. It is trading at $1326.7 below its 21 EMA and 50 SMA. Momentum remains downward.

Silver futures traded sideways to $19.040. Momentum remains downward.

Agriculture (DBA) ETF closed at 20.05 in a continuing downtrend below its 21 EMA, 50 SMA and 200 SMA. Momentum remains downward.

Commodities (DBC) ETF closed at 14.35 with a long bearish low closing candle below its 50 SMA and 21 EMA. Momentum is downward.

Bonds
High Yield bond ETF (HYG) sold off and closed at 85.39 with a low closing doji candle below its 50 SMA, 8 EMA and 21 EMA. Momentum is downward.

Bonds ETF (TLT) sold off and closed at 134.25 with a small inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA . Bond futures (/ZB) sold off and found support at its 200 SMA. It is trading at 165 22/32. Momentum remains downward.

Currencies
The dollar index continue its sideways action and is trading at 95.250 with sideway momentum.

EUR/USD made gains for the day and closed with a bullish candle at 1.12431. The 8 EMA and 21 EMA have converged. Momentum is neutral.

USD/JPY is trading sideways at 102.304. Its 8 EMA, 21 EMA and 50 SMA have converged. Momentum is sideways.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are showing showing more selling pressure than buying pressure.

The relative strength order of the ETFs that are underperforming the S&P 500 are XLE, XLB, XLV, XLY, XLP, XLU, XLI and XLF respectively.

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

Market Internals
Vix closed at 18.14. Vix futures is at 18.35. Skew is at 127.40. Market sentiment is neutral. Market breadth continues to deteriorate. Volumetric accumulation/distribution is sloping downward showing distribution.

The Week Ahead
The market is showing lack of buying pressure. Market internals are weakening as market participants wait on the FED on the next interest rate direction. The prognosis is to trade cautiously as the market is vulnerable to news driven events.

Stock of the Day
The Stock of the Day is WFT. Weatherford International plc offers equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.

 

To YOUR wealth!

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