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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)

8 June 2016 – New 2016 high for S&P 500

The Dow Transportation Index continues to lead the market higher and it was another positive day for the Dow Industrial, Russell 2000 and S&P 500. A weaker dollar and rising commodities prices are a support for the market. Oil continues to make new high for 2016 as it breached the US$51 per barrel. Fear has left the market with the Vix below 14.

Dow Transportation traded upward in the first hour of trading and pulled back to its opening price. It range traded around its opening price till the end of the day and closed with a small inverted hammer candle. Momentum remains upward. Daily volumetric buying pressure is at 83.7%.

Dow Industrial shot up on market open and made its high for the day in the first half hour of trading. It range traded throughout the day and closed with a small marubozu candle. Momentum remains upward. Short term volumetric buying pressure is at 99.7%. The index is in a monthly Squeeze.

Russell 2000 has been extremely bullish the last two weeks. It rallied upward on market open and continued trading upward till the end of the day. It closed with a big marubozu candle above its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 99.9%.

Nasdaq 100 probed and found its high and low for the day in the first hour of trading. It the range traded till the end of the day and closed with a doji candle on its 3 EMA. Momentum remains upward. Volumetric buying pressure is at 90.3%. The index is in a monthly Squeeze.

S&P 500 took off on market open and reached its morning high before selling off. It probed and found support in mid-morning trading and then grinded its way upward for the rest of the day and closed with a bullish marubozu candle. Momentum remains upward. Volumetric buying pressure is at 99.8%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures made new high for 2016 and is trading at $51.61 per barrel in an uptrend. Gold (/GC) futures is at $1264.4. Silver (/SI) futures is at 17.170 and is above its 50 SMA.

Agriculture (DBA) ETF is at 22.96 in a continuing move upward. Commodities (DBC) ETF closed with a bullish candle at 15.58. Both ETFs are in a bullish uptrend.

Bonds
High Yield bond ETF (HYG) closed at 84.57. Bonds ETF (TLT) closed at 133.27.

Currencies
The dollar index continued its downtrend and is trading at 93.455. EUR/USD is trading at 1.14140. USD/JPY is at 106.642.

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

On a 3-month lookback, the relative strength order are XLE, XLB, XLV, XLF and XLI are outperforming the S&P 500.

Market Internals
Vix closed at 14.08. Vix futures is at 15.13. Volatility is low.

Skew is at 129.23. Market sentiment remains bullish. Market breadth is continues to slope upward. Volumetric accumulation/distribution is sloping upward as well.

The Week Ahead
Market internals show that this market is strong although trading volume has decreased. The prognosis is that the market can continue to grind upward but caution is advised.

 

To YOUR wealth!

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