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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)

30 August 2016 – Indices fell with Apple

Apple stock brought down the Dow Jones Industrial, Nasdaq 100 and Composite and the S&P 500 as it form a significant portion of these indices. Otherwise, the Dow Transportation and Russell 2000 had a positive day.

The EU anti-trust regulator ruled that Apple Inc’s tax arrangement with Ireland breached state-aid rules and Apple may have to pay as much as Euro 13 Billion in taxes.

Financial stocks outperformed on the expectation that rate rise is expected in the coming months and could be as early as September 2016.

Crude oil is now trading below $47 per barrel. Gold and Silver futures are trending downward after it broke support a few days earlier.

Dollar index is now in an uptrend. Bond ETF (TLT) continues to trade sideways.

Dow Transportation rallied on market open and traded upward till late morning before pulling back. It recovered in mid-afternoon and closed with a bullish marubozu candle above all its moving averages. Daily momentum remains upward. Daily volumetric buying pressure is at 68.5%. The index is in a weekly Squeeze.

Dow Industrial sold off on market open till mid-afternoon. It recovered to close with a spinning top doji below its 21 EMA. Momentum is downward. Short term volumetric buying pressure is at 72.5%. The index is in a monthly Squeeze.

Russell 2000 see-saw up and down in the morning session before selling off to mid-afternoon. It managed to recover and closed with a small doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 99.9%.

Nasdaq 100 sold off on market open and continued trading downward till mid-afternoon. It pulled back up in the last hour of trading and closed with a small spinning top doji candle on its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 89.8%. The index is in a monthly Squeeze.

S&P 500 sold off on market open and continued trading downward till mid-afternoon. It recovered and pullback and closed with a bearish spinning top doji candle on its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 99.4%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
Gold futures is trending downward and is trading at $1316.2 below all its moving averages. Momentum is downward.

Silver futures closed with a bearish candle is trading at $18.790 below all its moving averages. Momentum is downward.

WTI Crude oil is trading at $46.28 per barrel which is just above its 21 EMA. Momentum remains upward.

Agriculture (DBA) ETF closed at 20.34 and momentum is downward.

Commodities (DBC) ETF closed at 14.67. Momentum is downward.

Bonds
High Yield bond ETF (HYG) continue to gain and closed with a bullish spinning top doji candle above all its moving averages at 87.04. The uptrend remains.

Bonds ETF (TLT) traded sideways and closed at 139.67 at its 21 EMA. The 3 EMA, 8 EMA, 21 EMA and 50 SMA have now converged. It is in a daily Squeeze.

Currencies
The dollar index is at 96.075 above all its 3 EMA, 8 EMA and 21 EMA. Momentum is upward.

EUR/USD is trading at 1.11391 below its 8 EMA and on its 50 SMA. Momentum is downward.

USD/JPY is at trading at 103.253 above its 21 EMA and 50 SMA. Momentum is upward.

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

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

Market Internals
Vix closed 13.11. Vix futures is at 14.60. Skew is at 136.14. Market sentiment is bullish. Market breadth continues to deteriorate. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The market internals tell us that the market participants remain bullish but the market breadth is showing weakness. The Transportation and Russell indices are showing strength while the S&P 500, Dow Jones Industrial and Nasdaq 100 is showing some weakness. We have divergence between the indicators and coupled with the market internals, it is time to stay cautious.

Stock of the Day
BAC our pick of the day. Bank of America Corp is a bank holding company and financial holding company.

 

To YOUR wealth!

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