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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)

7 October 2016 – A quiet end to the week


The indices ended the day with little changes. The same pattern of trading action repeated from yesterday where the indices opened higher, sold down by midday and recovered by day’s end to close flattish.

The Non Farm Payroll report says that 156K jobs was added in September which was below the 172K expected. There was a flash crash of the British pound in the Asian market and causes have yet to be established.

WTI crude futures closed for the week below $50 per barrel. Gold found support at its 200 SMA and closed with a doji candle. Silver found support at its 200 SMA and closed with a bullish harami candle pattern.

The dollar index closed slightly lower for the day and saw some big moves which are due to the flash crash of the British pound.

Bonds closed for the week little change and is still in a down trend.

Dow Transportation dropped on market open and traded downward till midday. It recovered slightly after midday and closed with a bearish candle on its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 79.5%.

On the weekly chart, it closed with a doji candle above its moving averages (8 EMA, 21 EMA and 50 SMA). Momentum remains upward.

The index is in its weekly and monthly Squeeze.

Dow Industrial traded down on market open till midday before rallying back up. It closed with a high closing spinning top doji candle on its 8 EMA and 21 EMA. Momentum remains downward. Short term volumetric buying pressure is at 97.8%. The index is in a monthly Squeeze.

On its weekly chart, it closed with a small doji candle below its 8 EMA but above its 21 EMA. Momentum remains upward.

Russell 2000 traded down on market open and sold off by late morning. It rallied back up after midday and closed with bearish candle on its 50 SMA. Momentum is upward. Volumetric buying pressure is at 50.1%.

On the weekly chart, it closed with a bearish candle on its 8 EMA. Momentum remains upward.

Nasdaq 100 traded down on market open and suffered a sharp drop by late morning. It rallied back up after midday and closed with a bearish candle on its 8 EMA. Momentum is upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

On its weekly chart, the index closed with small doji candle above its moving averages. Momentum remains upward.

S&P 500 traded down till late morning before rallying back up. It closed with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is neutral but with a bearish bias. Volumetric buying pressure is at 85.8%.

On its weekly chart, it closed with a small bearish candle below its 8 EMA but above its 21 EMA. The index is still in a daily and monthly Squeeze.

Metals and Commodities
On the weekly chart, WTI Crude oil futures closed at $49.55 with a small bullish candle above its moving averages. It is Squeezing upward.

On the weekly chart, Gold futures closed at $1258.6 per ounce with a big bearish marubozu candle below its 8 EMA, 21 EMA and 200 SMA. Momentum is downward.

On the weekly chart, Silver futures closed at $17.575 per ounce with a big bearish marubozu candle below its 200 SMA, 8 EMA and 21 EMA.

On the weekly chart, agriculture (DBA) ETF closed at 20.05 in a continuing downtrend.

On the weekly chart, commodities (DBC) ETF closed at 15.18 with a small bullish candle above its movinga averages. It is Squeezing upward.

Bonds
On the weekly chart, High Yield bond ETF (HYG) closed at $87.15 with a small bullish candle above its moving averages.

On the weekly chart, Bonds ETF (TLT) closed at 133.92 with a big bearish marubozu candle below its 8 EMA and 21 EMA but above its 50 SMA.

Currencies
On the weekly chart, the dollar index closed at 96.500. Momentum has turned upward.

On the weekly chart, EUR/USD closed at 1.11999 with a bearish candle on its 8 EMA and 21 EMA.

On the weekly chart, USD/JPY closed at 102.954. 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 XLE, XLK, XLF, XLY and XLI respectively.

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

Market Internals
Vix closed at 13.48. Vix futures is at 15.325. Skew is at 119.95. Market sentiment has turned neutral. Market breadth is sloping downward. Volumetric accumulation/distribution has flattened.

The Week Ahead
Market internals and sentiment are showing a shift to the downside. The market continues its volatility and the only certainty is that it will continue till the US Presidential election. The prognosis is for more volatility with downside selling pressure.

Stock of the Day
SHOP is the Stock of the Day. Shopify is the Canadian version of AliBaba and Amazon and it continues to grow and could be challenging Amazon in the North American market soon.

 

To YOUR wealth!

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