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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)

16 September 2016 – A quiet day and volatile week


Investors have been caught in a cauldron throughout the week as stocks have traded up and down. Overall, the majority closed down for the week as rate fears persist. The Fed is not expected to raise interest rate in September.

Oil closed down for the week and is trading below $44 per barrel. Gold and Silver traded down for the week. Silver has been unable to break above its weekly 200 SMA.

The dollar index closed up for the week on its weekly chart. It has been in a range for the last 9 weeks.

High yield bond, HYG closed up for the week and it is still in an uptrend on its weekly chart. It has been a leading indicator of what the market and it has shown sign of weakness which could be indicative of the market direction. The 30 year treasury bond futures /ZB has been in a downtrend on its weekly chart.

The FOMC and Bank of Japan (BoJ) are set to release the meeting details next Wednesday and that could roil the market.

Overall, technology stocks led by Apple is leading the market. Energy and Financials led the decliners for the week.

Dow Transportation range traded from 7747.09 to 7802.98 throughout the day. It closed with a small bearish candle below its 8 EMA and 21 EMA. Volumetric buying pressure is at 59.8%. The index is in its monthly Squeeze.

The index closed the week with a low closing doji candle on its weekly chart. It has been range trading for the last 9 weeks. Weekly momentum remains upward.

Dow Industrial gapped down on market open and proceeded to range trade for the rest of the day. It closed with a bearish candle below its 8 EMA and 21 EMA. Momentum remains downward. Short term volumetric buying pressure is at 57.2%. The index is in a monthly Squeeze.

On its weekly chart, it closed just above its 21 EMA with an inverted hammer candle.

Russell 2000 traded down in the first hour after market open. It recovered and grinded upwards for the rest of the day and closed with a hammer candle above its 50 SMA. Momentum remains downward. Volumetric buying pressure is at 66.7%.

On the weekly chart, the index closed up for the week with a spinning top doji candle above its 8 EMA and 21 EMA.

Nasdaq 100 range traded throughout the day and had buying pressure came in the last hour. It closed with a small hammer candle above its 8 EMA and 21 EMA. Momentum is upward. Volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

On its weekly chart, the index closed with a big bullish marubozu candle above its 8 EMA and 21 EMA.

S&P 500 gapped down on market open and proceeded to range trade for the rest of the day. It clsoed with a hammer candle below its 8 EMA and 21 EMA. Momentum remains downward. Volumetric buying pressure is at 60.1%.

On its weekly chart, it closed with an inverted hammer candle above its 21 EMA. The index is still in a monthly Squeeze.

Metals and Commodities
On the weekly chart, WTI Crude oil futures closed at $43.75 with a bearish candle below its 21 EMA. Momentum is downward.

On the weekly chart, Gold futures closed at $1313.2 per ounce with a bearish candle above its 21 EMA. Momentum remains upward.

On the weekly chart, Silver futures closed at $18.835 per ounce with a bearish candle above its 21 EMA. Momentum remains upward.

On the weekly chart, agriculture (DBA) ETF closed at 20.33 with a spinning top doji candle below its 8 EMA and 21 EMA. Momentum remains downward.

On the weekly chart, commodities (DBC) ETF closed at 14.44 with a small spinning top doji candle. The weekly 8 EMA and 21 EMA have converged. Momentum is downward.

Bonds
On the weekly chart, High Yield bond ETF (HYG) closed at $85.91 with a spinning top doji candle above its 21 EMA. Momentum is upward.

On the weekly chart, Bonds ETF (TLT) closed with a high closing spinning top doji candle below its 8 EMA and 21 EMA. Momentum remains downward.

Currencies
On the weekly chart, the dollar index closed at 95.995 with a bullish candle above its 8 EMA and 21 EMA. The 8 EMA and 21 EMA have converged. Momentum is sideways.

On the weekly chart, EUR/USD closed at 1.11549 with a bearish candle below its 8 EMA and 21 EMA. It is in a Squeeze. Momentum is sideways.

On the weekly chart, USD/JPY closed at 102.285 with spinning top doji candle below its 8 EMA and 21 EMA. 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, XLU and XLV respectively.

On a monthly lookback, the relative strength order of the ETFs that are underperforming the S&P 500 are XLE, XLB, XLI, XLP, XLY and XLF respectively.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK and XLF respectively.

On a 3-monthly lookback, the relative strength order of the ETFs that are underperforming the S&P 500 are XLU, XLE, XLB,XLP, XLV, XLY, XLI and XLF respectively.

Market Internals
Vix closed at 15.37. Vix futures is at 16.025. Skew is at 125.25. Market sentiment is bullish. Market breadth continues to deteriorate. Volumetric accumulation/distribution is sloping downward showing distribution.

The Week Ahead
The Nasdaq 100 continues to lead the market up showing the strength of technology companies such as Apple and Intel. Investors continue to reward companies that are leading the future where the rest of the stocks are deemed to be over-priced. Market internals show deterioration. The prognosis is for more volatility in the coming week.

Stock of the Day
The Stock of the Day is AAPL. Apple designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players.

 

To YOUR wealth!

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