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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)

20 July 2016 – Another day of higher highs

Quarterly earnings continue to provide the fuel for the indices to break out. It was another day of new all time highs in the Dow Jones Industrial and S&P 500. Nasdaq 100 made a new yearly high. Russell 2000 made decent gains but the Dow Transportation is lagging behind and had an indecisive day. MSFT, SAP, MS and ASML led the market when it reported good earnings.

Gold and Silver continued its pullback as the equity market took off upward. The Vix is now below 12 and there is no fear in the market. The market appears to be on cruise control.

Dow Transportation surged on market for the first hour after market open and then had a slow sell-off for the rest of the day. It closed with a small doji candle above all its moving averages. It is the laggard of the indices. Momentum remains upward. Daily volumetric buying pressure is at 93.1%. The index is in a weekly Squeeze.

Dow Industrial surged upward on market open and made new all time high of 18622.01 by my mid-morning. It then range traded throughout the day and closed with a small spinning top doji candle above all its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

Russell 2000 surged upward on market open and continued trading upward throughout the day. It made a 2016 high at 1212.08 and closed with a bullish candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 86.3%.

Nasdaq 100 surged on market open till mid-morning and continued trading upward for the rest of the day. It made a 2016 high of 4665.67 and closed with a bullish marubozu candle above all its moving averages. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

S&P 500 surged on market open till mid-morning and made new all-time high of 2175.63. It range traded for the rest of the day and closed with bullish marubozu candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%. The index is still in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures traded to below $45 before recovering and is trading at $45.80 per barrel. Gold (/GC) futures continued its pullback and is trading at $1313.2 per ounce. Silver (/SI) futures is trading at 19.365 per ounce.

Agriculture (DBA) ETF continued its downtrend and closed at 20.81. Commodities (DBC) ETF closed at 14.67 and is heading south.

Bonds
High Yield bond ETF (HYG) closed at 85.91 and is looking to breakout to the upside. Bonds ETF (TLT) closed at 139.04.

Currencies
The dollar index is at 97.200 and has enter into a daily Squeeze. EUR/USD is trading at 1.10148 and continues its downtrend. USD/JPY is trading at 107.449 and has broken out to the upside. It has now a bullish momentum.

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

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

Market Internals
Vix closed down at 11.77. Vix futures is at 15.53. Skew is at 128.49. Market sentiment remains rather bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
This earning season has provided the fuel for the indices to continue its upward momentum. There is no fear in the market especially when the Vix is below 12. Market internals continue to show strength. All the indices except the Dow Transportation are in a monthly Squeeze and they have yet to exit their Squeeze. This could be a moonshot for the indices! The prognosis is for the market to continue powering up.

 

To YOUR wealth!

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