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)

15 September 2016 – Nasdaq leads the way up

The Nasdaq 100 launched its way back up from the 50 SMA as Apple continues to outperform. It is now back near its all time high as it closed at 4819.897.

Oil traded sideways for the day. Gold continued its downtrend. The dollar index continued its sideways action.

On the economic front, retail sales report were weaker than expected.

Dow Transportation surged upward on market open and continued trading upward throughout the day. It closed with a bullish rolling pin candle in a bullish engulfing candle pattern below its 8 EMA and 21 EMA. Momentum is downward. Volumetric buying pressure is at 73.4%. The index is in its monthly Squeeze.

Dow Industrial surged upward on market open and continued trading upward throughout the day. It closed with a bullish candle in a engulfing candle pattern below its 8 EMA and 21 EMA. Momentum remains downward. Short term volumetric buying pressure is at 46.6%. The index is in a monthly Squeeze.

Russell 2000 surged upward on market open and continued trading upward throughout the day. It closed with a bullish marubozu candle above it 50 SMA but below its 8 EMA and 21 EMA. Momentum is downward. Volumetric buying pressure is at 50.5%.

Nasdaq 100 surged upward on market open and continued upwards till the end of 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 monthly Squeeze.

S&P 500 surged upward on market open and continued trading upward till the end of the day. It closed with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum remains downward. Volumetric buying pressure is at 52.9%. The index is still in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures traded indecisively and closed with a doji candle below all its moving averages. It is trading at $43.74 per barrel. Momentum is downward.

Gold futures closed with a bearish candle below its 50 SMA, 21 EMA and 8 EMA. It is trading at $1318 per ounce. Momentum remains downward.

Silver futures traded sideways and closed with a small doji candle. It is trading at $19.030. Momentum remains downward.

Agriculture (DBA) ETF closed at 20.12 in a continuing downtrend below its 21 EMA, 50 SMA and 200 SMA. Momentum remains downward.

Commodities (DBC) ETF closed at 14.42 with a spinning top doji candle below its 50 SMA, 21 EMA and 8 EMA. Momentum is downward.

Bonds
High Yield bond ETF (HYG) gained for the day and closed at 85.89 with a bullish candle below its 50 SMA, 8 EMA and 21 EMA. Momentum is downward.

Bonds ETF (TLT) gapped down and closed at 133.67 with a small doji candle below its 8 EMA, 21 EMA and 50 SMA . Bond futures (/ZB) closed at 165 17/32 with a doji candle. It found support at its 200 SMA. Momentum remains downward.

Currencies
The dollar index closed at 95.20 with a spinning top doji on its 8 EMA and 21 EMA. Momentum is sideways.

EUR/USD closed with a spinning top doji at 1.12454 above its 8 EMA and 21 EMA. It has formed a Squeeze. Momentum is neutral.

USD/JPY is trading sideways at 102.129. 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 outperforming the S&P 500 are XLK, XLV, XLU and XLE 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 16.30. Vix futures is at 17.05. Skew is at 130.57. Market sentiment is bullish. Market breadth continues to deteriorate. Volumetric accumulation/distribution is sloping downward showing distribution.

The Week Ahead
The Nasdaq 100 is leading the market back up. Apple outperforms and that has lifted up the Nasdaq. The other indices are still below their 50 SMA. The prognosis is still to be cautious although the indices are showing signs of the bulls returning to the market.

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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