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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)

16 May 2016 – Warren Buffett into Apple, Oil surged

The indices surged and caught many shorts with their pants down after last Friday’s plunge. Oil jumped by over 3% and AAPL led the market upwards after it was disclosed that Warren Buffett’s Berkshire Hathaway has bought a stake in the company. The only troubling thing about this surge is that the Dow Transportation made small gains compared to their others. Dow Industrial gained more than 200 points while Nasdaq gained about 53 points. Goldman Sachs has pronounced that the global oversupply in the oil market has ended. Bonds which tends to trade inversely to the market was down. Commodities prices were broadly higher and the US dollar index was about flat.

Economic Data
* NY Empire State manufacturing index declined in May to a negative -9.02 which was way below the consensus of 6.5. April reading was 9.6. New orders fell to -5.54 from 11.14 in April. Manufacturers sentiment is at 28.48 compared to the April’s 29.40.

* The NaHB May Home Builders’ confidence report is at 58 and has remain steady for the last four months.

Dow Transportation range traded on market open and made small gains by mid-morning. It fell back into its trading range for the rest of the day and closed with a small inverted hammer candle. Momentum remains downward. Daily volumetric buying pressure is at 2%.

Dow Industrial surged upward on market open till late afternoon. It pulled back slightly to close with a bullish candle above its 50 SMA. Momentum remains downward. Short term volumetric buying pressure is at 47.5%. The index is in a monthly Squeeze.

Russell 2000 surged on market open till late morning before losing momentum. It made made another small gain in late afternoon before pulling back to close above its 50 SMA with a bullish marubozu candle. Momentum remains downward. Volumetric buying pressure is at 21.4%.

Nasdaq 100 surged on market open till late afternoon and bounced off its 21 EMA. It closed with a bullish candle below its 50 SMA and 21 EMA. Volumetric buying pressure is at 50.8%. The index is in a monthly Squeeze.

S&P 500 surged on market open and crossed its 50 SMA upwards. It pulled back in the last hour of trading to close with a big bullish candle on its 21 EMA and above its 50 SMA. Volumetric buying pressure is at 50.9%. The index is in a monthly Squeeze.

Commodities
Oil (/CL) futures surged upward and is trading at $47.84 per barrel. Gold (/GC) futures made gains and is trading at 1277.9. Silver (/SI) futures is at 17.210 and is in a Squeeze. Agriculture (DBA) ETF made gains and is at 21.40. Commodities (DBC) ETF closed at 14.64.

Bonds
High Yield bond ETF (HYG) closed at 83.24. Bonds ETF (TLT) closed 131.14.

Currencies
USD/JPY is at 108.948. EUR/USD is at 1.1318. The dollar index (/DX) is at 94.505.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLU, XLP, XLB, XLK, XLV and XLI respectively.

On a 3-month lookback, the relative strength order are XLE, XLB, XLF, XLI, XLY and XLU.

Market Internals
Vix closed down at 14.68. Vix futures is down slightly at 15.17. Skew is at 124.13. Market sentiment is back to bullish. Market breadth is sloping downward. Volumetric accumulation/distribution has flattened.

The Week Ahead
We have key data points on Tuesday in Housing Starts, CPI, Industrial Production. The market continues to range trade. The next market mover is likely to be a raise in the interest rate by the FED. The prognosis is that selling pressure continues and we are in a range trading market.

 

To YOUR wealth!

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