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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)

26 September 2016 – Deutsche Bank tanks, US election uncertainty

The market has been volatile lately and post-FOMC, it looked like there was nothing stopping the bulls. Wrong! US election loomed and political uncertainty and the sense of unease with the events in the US, with shootings and deaths over the weekend contributed to that unease. Meanwhile in Europe, Deutsche Bank is in meltdown mode with huge losses and no political support from the German government.

Stocks opened lower and continued lower throughout the day. WTI crude jumped over 3% and has been volatile lately. The financial sector underperformed due to problems at Deutsche Bank. Bonds gained for the day while the dollar index ended down. Otherwise, the political debate between Hillary Clinton and Donald Trump dominated the news channel.

Dow Transportation gapped down on market open and traded upward in the first hour and then range traded for the rest of the day. It closed with a small doji candle above its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 31%. The index is in its monthly Squeeze.

Dow Industrial gapped down on market open and continued trading downward for the rest of the day. It closed with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward. Short term volumetric buying pressure is at 26.9%. The index is in a monthly Squeeze.

Russell 2000 gapped down on market open and continued downward for the rest of the day. It closed with a bearish marubozu candle above its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 45.6%.

Nasdaq 100 gapped down on market open and range traded for the rest of the day. It closed with a small bearish candle above its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 74.3%. The index is still in a daily and monthly Squeezes.

S&P 500 gapped down on market open and range traded for the rest of the day. It closed with a bearish marubozu candle below its 21 EMA and 50 SMA. Momentum has reversed downward. Volumetric buying pressure is at 13.2%. The index is still in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures found support at its 50 SMA and traded upward and closed with a bullish candle. It is trading at $45.53 per barrel and has formed a symmetrical triangle.

Gold futures made small gain for the day and is trading at $1341.2 per ounce. Momentum remains upward.

Silver futures lost for the day and is trading at $19.475 per ounce. Momentum is sideways.

Agriculture (DBA) ETF closed at 20.41 and below its 21 EMA. Momentum is neutral.

Commodities (DBC) ETF closed at 14.67 and formed a low closing spinning top doji candle. Momentum is upward.

Bonds
High Yield bond ETF (HYG) closed at 86.38 with a bearish marubozu candle on its 21 EMA. Momentum remains upward.

Bonds ETF (TLT) closed with a bullish candle above its 21 EMA but remains below its 50 SMA. Momentum remains downward.

Currencies
The dollar index is at 95.315 and is in a daily Squeeze. Momentum is downward.

EUR/USD is trading at 1.12431 and is in a daily Squeeze. Momentum is upward.

USD/JPY is trading at 100.331 and closed with a small doji 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, XLI and XLV 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 14.50. Vix futures is at 16.43. Skew is at 121.72. Market sentiment has turned bearish. Market breadth has flattened. Volumetric accumulation/distribution is sloping has flattened.

The Week Ahead
The market has shown its volatility towards the end of the month especially with the political uncertainty. Market internals are showing mixed signals. The prognosis is for more volatility.

Stock of the Day
There is no Stock of the Day for the day. .

 

To YOUR wealth!

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