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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)

23 September 2016 – Bulls in charge for the week


We have seen a big week for the market after the Bank of Japan and the Fed have made their decisions. The market exploded upward on Wednesday and today, the market traded largely downwards and spent the entire day in negative territory. This came after two days of big moves to the upside and traders were taking profit to close off the week.

WTI crude oil has been rising for the past three days and today, it closed down at $44.59 per barrel. It has formed a wedge formation on its daily chart. The commodities and agriculture ETF have been pulling back for the last 3 months as well.

Gold and Silver is still in its daily and weekly uptrend. Gold and Silver futures have been pulling back for the last 3 months.

The dollar index has been trading sideways for the last 5 weeks and it looks to explode upward or sideways.

Bond futures traded higher and closed with a bullish candle below its 21 EMA on the weekly chart.

Dow Transportation range traded within its first half hour high and low throughout the day. It closed with a spinning top doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 26.4%. The index is in its weekly and monthly Squeeze.

On the weekly chart, it closed with a bullish marubozu candle above its 21 EMA. The weekly candles are sideways next to each other for the last 3 months.

Dow Industrial sold off on market open and came under selling pressure throughout the day. It closed with a bearish marubozu candle below its 21 EMA and 50 SMA. Momentum remains downward. Short term volumetric buying pressure is at 57.5%. The index is in a monthly Squeeze.

On its weekly chart, it closed with a inverted hammer candle below its 8 EMA and above its 21 EMA. Momentum remains upward.

Russell 2000 dropped on market open and came under selling pressure throughout the day. It closed with a bearish marubozu candle above its moving averages. Momentum remains downward. Volumetric buying pressure is at 76.4%.

On the weekly chart, it closed with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upward.

Nasdaq 100 whipsawed down and up till after midday. It had a sharp drop in early afternoon trading and recovered to close with a bearish marubozu candle. Momentum is upward. Volumetric buying pressure is at 88.8%. The index is in a monthly Squeeze.

On its weekly chart, it closed with a spinning top doji candle above all its moving averages.

S&P 500 range traded till midday when it suffered a sharp drop. It recovered and closed with a bearish marubozu candle below its 50 SMA but above its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 44.2%.

On its weekly chart, it closed with a rolling pin candle above all its moving averages. The index is still in a monthly Squeeze.

Metals and Commodities
On the weekly chart, WTI Crude oil futures closed at $44.59 with a spinning top doji candle below its 21 EMA. Momentum is downward.

On the weekly chart, Gold futures closed at $1341.1 per ounce with a bullish candle above its 21 EMA. Momentum remains upward.

On the weekly chart, Silver futures closed at $19.775 per ounce with a bullish candle above its 200 SMA. Momentum remains upward.

On the weekly chart, agriculture (DBA) ETF closed at 20.47 with a low closing doji candle below its 8 EMA and 21 EMA. Momentum remains downward.

On the weekly chart, commodities (DBC) ETF closed at 14.57 with a small spinning top doji candle. The weekly 8 EMA and 21 EMA have converged. Momentum is neutral.

Bonds
On the weekly chart, High Yield bond ETF (HYG) closed at $86.76 with a bullish candle above its 21 EMA. Momentum is upward.

On the weekly chart, Bonds ETF (TLT) closed at 136.82 with a bullish candle below its 8 EMA but above its 21 EMA. Momentum remains upward.

Currencies
On the weekly chart, the dollar index closed at 95.410 with a bearish candle. The 8 EMA and 21 EMA have converged and a Squeeze has formed. Momentum is sideways.

On the weekly chart, EUR/USD closed at 1.12237 with a bullish candle. The 8 EMA and 21 EMA have converged. It is in a Squeeze. Momentum is sideways.

On the weekly chart, USD/JPY closed at 100.98 with bearish candle below its 8 EMA and 21 EMA. Momentum remains downward.

Relative Strength – Sectors
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-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF and XLI respectively.

Market Internals
Vix closed at 12.29. Vix futures is at 15.47. Skew is at 125.13. Market sentiment is bullish. Market breadth is sloping upward showing nett gainers to losers. Volumetric accumulation/distribution is sloping upward showing nett accumulation.

The Week Ahead
The market continues to show strength. There is unlikely to be an interest rate hike till December 2016, at the earliest. Market internals show strength. The prognosis is for new highs in the indices.

Stock of the Day
The Stock of the Day is TROX. Tronox is engaged in the production and marketing of titanium bearing mineral sands and titanium dioxide pigment.

 

To YOUR wealth!

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