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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)

28 October 2016 – A lower close into the week


The indices ended lower for the week. Dow Transportation and Nasdaq 100 are still holding up while Russell 2000 have broken down below its 1200 level and leading the market downward.

It was a wild day in the equity market driven by news, earnings and oil. We are less than 2 weeks away from the US presidential election and fresh news of FBI probe into Hillary Clinton’s emails which renewed uncertainty about the election. That took the puff out of the market at midday.

On the economic news front, Q3 GDP posted its first better than expected reading since Q3 2014. Expectation for a rate hike in December is high at 85%.

Dow Transportation traded upward till midday and suffered a sharp drop at midday. It recovered later in the day and closed with doji candle on its 21 EMA. Momentum is downward. Volumetric buying pressure is at 80.2%.

On its weekly chart, it closed with a spinning top doji candle above its moving averages. The index is in its daily and monthly Squeeze.

Dow Industrial traded largely upward till midday and suffered a sharp drop till early afternoon. It recovered to close with a spinning top doji candle on its 21 EMA. Momentum remains downward. Short term volumetric buying pressure is at 90.3%. The index is in a daily and monthly Squeeze.

On its weekly chart, it closed with a small doji candle on its 21 EMA. The 8 EMA is converging onto the 21 EMA. The uptrend remains.

Russell 2000 traded upward till midday and then had a sharp drop. It managed to recover slightly and closed with a low closing doji candle below its moving averages. Momentum is downward. Volumetric buying pressure is at 58.8%.

On its weekly chart, it closed with a bearish marubozu candle below its 21 EMA. Momentum is still upward.

Nasdaq 100 gapped down and then traded upward till midday before suffering a sharp drop. It managed to recover slightly and closed with low closing spinning top doji below its 50 SMA. Momentum is downward. Volumetric buying pressure is at 87.9%. The index is in a daily and monthly Squeeze.

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

S&P 500 traded upward on market open till midday when it had a sharp drop. It managed to recover slightly and closed with a low closing spinning top doji candle below its moving averages. Momentum is downward. Volumetric buying pressure is at 87%.

On its weekly chart, it closed with a bearish spinning top doji candle below its 21 EMA. Momentum remains upward.

Metals and Commodities (Weekly charts)
WTI Crude oil futures closed at $48.66 with a bearish marubozu candle above its 8 EMA.

Gold futures closed at $1276.0 per ounce with a small bullish spinning top candle on its 200 SMA. Momentum is downward.

Silver futures closed at $17.755 per ounce with a small spinning top doji candle below its moving averages. Momentum is downward.

Agriculture (DBA) ETF closed at 20.63 with a bullish marubozu candle on its 21 EMA. It remains in a downtrend.

Commodities (DBC) ETF closed at 15.16 with a small bearish candle above its moving averages. It continues its uptrend.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 162.06 with a bearish marubozu candle below its 50 SMA. Momentum is downward.

High Yield bond ETF (HYG) closed at $86.28 with a bearish candle below its 8 EMA. The uptrend continues.

Bonds ETF (TLT) closed at 130.45 with a bullish candle above its 50 SMA but below its 8EMA and 21 EMA. It is trending downward.

Currencies (Weekly charts)
The dollar index closed at 98.295 with a bearish candle above its moving averages and has exited its weekly Squeeze.

EUR/USD closed at 1.09867 with a bullish marubozu candle below its moving averages. Momentum is downward.

USD/JPY closed at 104.699 with a bullish candle above its 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, XLF, XLB, XLP, XLK, XLI and XLE respectively.

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

Market Internals
Vix closed at 16.19. Vix futures is at 16.625. Skew is at 126.35. Market sentiment is bearish. Market breadth is sloping downward. Volumetric accumulation/distribution is downward.

The Week Ahead
The Russell 2000 is leading the market down and is turning bearish on its weekly chart. Nasdaq 100 and Dow Jones Transportation are still relatively bullish while the Dow Jones Industrial and S&P 500 are under selling pressure. The prognosis is for the volatility to continue during this earnings season and till after the presidential election.

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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