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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)

21 September 2016 – Market soars post FOMC

The FED gave the market what it wanted and the indices soared past 2 pm EST. Interest rates are kept on hold again and the FED reiterated about a rate rise in the distant future. Nothing new here. Nasdaq 100 traded to new all time high and the rest of the other major indices painted a big bullish candle.

The FOMC convenes every six weeks and the next meeting will be in November. The presidential election will be held on the 8 November which essential means nothing will happen.

Earlier today, the Bank of Japan announced plans to target specific interest-rate level for the 10-year government bond.

WTI crude oil futures climbed back above $45 per barrel. Gold and Silver both painted big bullish candles.

The dollar index painted a bearish candles. Bond futures found support at the 200 SMA and painted a bullish candle as well.

Dow Transportation range traded till 2 pm EST when the FOMC announcement of no rate hike. It closed with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Volumetric buying pressure is at 46%. The index is in its monthly Squeeze.

Dow Industrial traded up in the first half hour before selling off till midday. It grinded upward till 2 pm EST and a half hour of volatile action before surging upward to close with a bullish marubozu candle on its 21 EMA. Momentum remains downward. Short term volumetric buying pressure is at 69.7%. The index is in a monthly Squeeze.

Russell 2000 traded upward in the first hour after making open and then sold down till midday. It made tentative moves upward till 2 pm EST before surging upward till the end of the day to close with a bullish marubozu candle above all the moving averages. Momentum is downward. Volumetric buying pressure is at 77.9%.

Nasdaq 100 made tentative move upward in the first hour but was sold down till midday. It started to recover till 2 pm and a half hour of volatile action before surging upward to close with a bullish candle above all its moving averages. Momentum is upward. Volumetric buying pressure is at 99.9%. The index is still in a daily and monthly Squeezes.

S&P 500 traded tentative upward for the first hour before selling off till midday. It made tentative move upward and experience a half hour of volatile action after 2 pm EST before surging upward. Momentum remains downward. Volumetric buying pressure is at 48.9%. The index is still in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures traded upward and is trading at $45.80 per barrel and formed a bullish marubozu candle above all its moving averages.

Gold futures is trading at $1336.90 per ounce and formed a bullish candle. Momentum has reversed upward.

Silver futures is trading at $19.880 per ounce and formed a bullish candle above all its moving averages. Momentum is upward.

Agriculture (DBA) ETF closed up at 20.64 and closed on its 50 SMA. Momentum is upward.

Commodities (DBC) ETF closed at 14.66 above all its 50 SMA, 21 EMA and 8 EMA. Momentum is neutral.

Bonds
High Yield bond ETF (HYG) closed at 86.57 with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum has reversed upward.

Bonds ETF (TLT) closed at 135.87 with a bullish candle above its 8 EMA but below its 21 EMA and 50 SMA.
Bond futures (/ZB) closed at 165 5/32 with a doji candle. It found support at its 200 SMA. Momentum remains downward.

Currencies
The dollar index is at 95.395 and is in a daily Squeeze. Momentum is neutral.

EUR/USD is trading at 1.1196 and is in a daily Squeeze. Momentum is neutral.

USD/JPY is trading at 100.302 and closed with a bearish marubozu candle. Momentum is downward.

Market Internals
Vix closed at 13.30. Vix futures is at 15.90. Skew is at 122.13. Market sentiment remains slightly bullish. Market breadth has flattened. Volumetric accumulation/distribution is sloping upward showing accumulation.

The Week Ahead
Market participants have turned bullish after the FED no rate hike call. There will not be another FOMC meeting of significance till December. It looks likely that the earliest rate hike will be in January 2017. The prognosis is for the market to move upwards till early next the year.

Stock of the Day
The Stock of the Day is HSBC. HSBC is the banking and financial services company and in the Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M) and Global Private Banking (GPB).

 

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