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)

22 September 2016 – Up Up and Away!

Nasdaq 100 made another all-time high and the market blasted upward post FOMC. The other indices such as the S&P 500 and Dow Jones Industrial are about 1% away from their all time highs. Post-FOMC, there is little fear in the marketplace and indices have ripped higher as investors pour in in an all out “buy everything” mode.

Energy stocks did well as WTI crude ripped higher by 2% after the EIA announced that domestic crude supplies fell by 6.2 millions barrels. Stocks, bonds, oil and gold and anything that have a price on it was bought up, well most of it anyway.

On the economic front, the Labor Department announced that applications for insurance benefits declined by 8,000 to 252,000 which was below the 260,000 expectation. As a comparison, this is the 81st consecutive week with claims below 300,000 (longest run since 1970).

Dow Transportation gapped up on market open and traded upward till after midday when it was sold down. It closed with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Volumetric buying pressure is at 30.3%. The index is in its monthly Squeeze.

Dow Industrial gapped up on market open and held its high and range traded for the rest of the day. It closed with an inverted hammer above its 21 EMA but below its 50 SMA. Momentum is neutral. Short term volumetric buying pressure is at 81.6%. The index is in a monthly Squeeze.

Russell 2000 gapped up on market open and traded upward throughout the day. It closed with a bullish marubozu candle above its 21 EMA and 50 SMA. Momentum is upward. Volumetric buying pressure is at 99.9%.

Nasdaq 100 gapped up on market and was volatile in the first three hours of trading as it grinded upward. There was more volatility in the afternoon and it made new high at 4895.5 before the bulls closed it with a small marubozu candle. Momentum remains upward. Volumetric buying pressure is at 99.8%. The index is still in a daily and monthly Squeezes.

S&P 500 gapped up on market open and range traded for the rest of the day. It closed with a bullish marubozu candle above its 21 EMA and 50 SMA. Momentum reversed upward. Volumetric buying pressure is at 69.7%. The index is still in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures traded upward and and above $46 per barrel before pulling back. It is now trading at $45.80 per barrel.

Gold futures is trading at $1338.70 per ounce and formed an inverted hammer above its 50 SMA. Momentum remains upward.

Silver futures is trading at $19.890 per ounce and formed a doji candle above its 50 SMA and 21 EMA. Momentum is upward.

Agriculture (DBA) ETF closed at 20.56 with a bearish candle below its 50 SMA. Momentum is upward.

Commodities (DBC) ETF gapped up and closed with a bearish candle at 14.74 . Momentum is upward.

Bonds
High Yield bond ETF (HYG) closed at 86.86 with a doji candle above its moving averages. Momentum is upward.

Bonds ETF (TLT) gapped up and closed at 136.95 with a small inverted hammer candle above its 21 EMA and below its 50 SMA. Bond futures (/ZB) closed at 167 28/32 with a bullish candle below its 21 EMA. Momentum remains downward.

Currencies
The dollar index is at 95.440 and is in a daily Squeeze. Momentum is neutral.

EUR/USD is trading at 1.1198 and is in a daily Squeeze. Momentum is neutral.

USD/JPY is trading at 101.145 and closed with a small bullish candle below its 21 EMA and 50 SMA. Momentum is downward.

On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLK, XLV and XLI respectively.

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

Market Internals
Vix closed at 12.02. Vix futures is at 15.30. Skew is at 124.29. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward showing accumulation.

The Week Ahead
Market participants have poured into the market after the FED no rate hike call. There is no known negatives on the horizon. The prognosis is for the market to continue trending upwards.

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).

 

To YOUR wealth!

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