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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)

27 July 2016 – No Change in FED rates

FED decided to leave the interest rate unchanged and the indices continued their gains. The dollar index pulled back from its uptrend. Defensive sectors such as bonds and gold made gains and stocks largely gained as well. Technology stocks continue to outperformed.

Dow Transportation sold off on market open and continued trading downward for the rest of the day. It closed with a bearish marubozu candle above its 21 EMA. Momentum remains upward. Daily volumetric buying pressure is at 90.5%. The index is in a weekly Squeeze.

Dow Industrial gapped up on market open and sold down till midday. It started to trade upward and had a volatile ten minutes post FOMC announcement and went on to close with a doji candle on its 8 EMA. Momentum remains upward. Short term volumetric buying pressure is at 98.8%. The index is in a monthly Squeeze.

Russell 2000 had a volatile day and traded up in early morning trading to be sold off till 2 pm (EST) before recovering. It closed with a spinning top doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

Nasdaq 100 traded sideways in the first half hour before selling off till midday. It had a volatile ten minutes after FED announcement before surging upward to close with a spinning top doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

S&P 500 traced a rounded bottom during the days trading. It closed with a spinning top doji candle above its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 100%. The index is still in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures continues its downtrend and is trading at $42.12 per barrel. Gold (/GC) futures gained and is trading at $1346.7 per ounce. Silver (/SI) futures is trading at 20.360 per ounce.

Agriculture (DBA) ETF continued its downtrend and closed at 20.64. Commodities (DBC) ETF continues its downtrend and closed at 14.20.

Bonds
High Yield bond ETF (HYG) closed at 85.69 and closed with a bullish candle on its 8 EMA. Bonds ETF (TLT) gained at 140.65.

Currencies
The dollar index pulled back at 96.550 with a bearish candle. EUR/USD closed with a small doji candle at 1.10727. USD/JPY traded sideways at 104.850.

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

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

Market Internals
Vix closed up at 12.83. Vix futures is at 14.74. Skew is at 125.68. Market sentiment remains bullish. Market breadth continues to slope up. Volumetric accumulation/distribution is flattening.

The Week Ahead
The indices continue its upward momentum. Market internals continue to look strong. The prognosis is for the market to continue its upward move.

 

To YOUR wealth!

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