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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)

14 June 2016 – Hard selling in the Transportation

The indices rallied on market open but was sold down hard. All the indices managed to recover back to within their opening range except for the Transportation index. On the corporate front, Microsoft (MSFT) has announced on Monday that it is buying LinkedIn (LNKD) for $26.2 billion. Latest poll conducted on Brexit indicates that there is a majority of British “Leave” crowd willing to exit the European Union.

Market attention has shifted to the FED which has kicked off its June meeting. The FED is not expected to raise interest rate but if it does, it will catch the market off-guard.

Dow Transportation rallied upward in the first 20 minutes. It was a short-live rally as heavy selling continued for the rest of the morning and afternoon. It closed with bearish “rolling pin” candle below its 50 SMA. Momentum is downward. Daily volumetric buying pressure is at 49.7%.

Dow Industrial sold off on market open and reached its low of the day by late morning. It spent the rest of the day. Momentum has reversed downward. Short term volumetric buying pressure is at 55.9%. The index is in a monthly Squeeze.

Russell 2000 rallied in the first 20 minutes after market open and the rallied was sold into. It reached its low of the day in the first two hours of trading and grinded its way upward to close with a spinning top doji candle above its 200 SMA. Momentum remains upward. Volumetric buying pressure is at 34.4%.

Nasdaq 100 traded upward in the first 20 minutes after market open and the rally was sold into. It reached its bottom of the day by mid-morning and then grinded its way upward to close with a spinning top doji candle. Momentum is downward. Volumetric buying pressure is at 73.2%. The index is in a monthly Squeeze.

S&P 500 reached its high of the day in the first 20 minutes of trading and the rally was sold into. It reached its low of the day by mid-morning and range traded for the rest of the day and closed with a doji candle on its 50 SMA. Momentum has reversed downward. Volumetric buying pressure is at 68.4%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures traded down to $47.80 per barrel and it is in a daily Squeeze. Gold (/GC) futures is at $1286.2 per ounce. Silver (/SI) futures is at 17.365 per ounce and is above its 3 EMA and the other moving averages.

Agriculture (DBA) ETF closed at 22.70 in a continuing move upward. Commodities (DBC) ETF closed with a bullish candle at 15.26. Both ETFs are in a bullish uptrend.

Bonds
High Yield bond ETF (HYG) closed at 82.99. Bonds ETF (TLT) closed at 135.28. Bonds continue its uptrend.

Currencies
The dollar index is at 95.090. EUR/USD is trading at 1.12057. USD/JPY is at 106.208.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLU, XLP, XLE, XLV, XLK, XLB and XLI respectively. XLP which is Consumer Staples have moved up the rank.

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

Market Internals
Vix closed at 20.50. Vix futures is at 21.09. Skew is at 138.02. Market sentiment is neutral. Market breadth is sloping gently downward. Volumetric accumulation/distribution is sloping sharply downward.

The Week Ahead
Fear of Brexit could well come true according to the latest poll. Market has digested the news and there is no panic selling just yet. The prognosis is that the market will continue to be volatile and market participants are undecided. Volatility continues.

 

To YOUR wealth!

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