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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)

1 September 2016 – The tussle continues ……..

The indices were down most of the day but managed to recover towards the end of the day to close with an indecisively and Dow Transportation ended the day positive. The bears have been selling in the earlier part of the day and the bulls have been buying towards the close for the last few days. It is a slow downtrend with all the indices in volatility Squeezes waiting to explode either up or down.

WTI crude continue its sell off. Gold and Silver made gains for the day but is still in a downtrend.

Bonds recovered from its initial sell-off and made small gains.

The dollar index traded down for the day and has been volatile of late.

Dow Transportation had a quick rally upward in the first half hour and was sold off immediately. It found support at its 21 EMA and grinded its way upward by midday and range traded for most of the day before a final burst upward to close with a spinning top doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 97.5%. The index is in a daily and weekly Squeeze.

Dow Industrial sold off till late morning and found support at is 50 SMA and rallied back up by midday. It range traded for most of the afternoon and had a last hour rally to close with a bullish hammer candle below its 8 EMA and 21 EMA. Momentum is downward. Short term volumetric buying pressure is at 80.5%. The index is in a daily and monthly Squeeze.

Russell 2000 suffered a sharp drop till mid-morning before rallying back upward. It range traded for most of the day with a last hour rally upward to close with a high closing doji candle on its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 99.8%.

Nasdaq 100 had a quick rally and was sold down sharply till mid-morning. It rallied back up by midday and range traded for the rest of the day to close with a bullish hammer candle on its 8 EMA and above its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 99.7%. The index is in a monthly Squeeze.

S&P 500 suffered a sharp drop till mid-morning and rallied back up by mid-day. It range traded for most of the day and closed with a high closing doji below its 21 EMA. Momentum is downward. Volumetric buying pressure is at 99.8%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil futures traded down to $43.59 per barrel which is below its its 21 EMA and 50 SMA. Momentum is downward.

Gold futures traded slightly higher at $1317 but momentum is downward.

Silver futures traded slightly higher at $19.025 above its 8 EMA. Momentum remains downward.

Agriculture (DBA) ETF continued is downtrend and closed at 20.23.

Commodities (DBC) ETF gapped down and closed at 14.23 with a bearish candle. Momentum is downward.

Bonds
High Yield bond ETF (HYG) gapped down and closed with a bullish hammer candle above its 21 EMA at 86.50. Momentum remains upward.

Bonds ETF (TLT) gapped down and closed with a bullish candle above all its moving averages at 139.77. It is in a daily Squeeze.

Currencies
The dollar index closed at 95.630 with a big bearish candle above its 8 EMA and 21 EMA. Momentum is upward.

EUR/USD gained and closed with a bullish candle and is trading at 1.11954 on its 21 EMA. Momentum is downward.

USD/JPY traded higher at 103.335 above all its moving averages. Momentum is upward.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLF, XLE, XLK, XLI 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 13.48. Vix futures is at 14.73. Skew is at 129.83. Market sentiment is bullish. Market breadth continues to deteriorate. Volumetric accumulation/distribution has flattened.

The Week Ahead
Market continues to be volatile and is trading indecisively ahead of Friday’s Non-Farm payroll report. Market internals are giving mixed signals. Market breadth has been deteriorating for the last 5 weeks. The prognosis reamins to trade cautiously and hedge to the downside.

Stock of the Day
CC is our pick of the day. Chemours Co. is a provider of performance chemicals. It is into Titanium Technologies, Fluoroproducts and Chemical Solutions.

 

To YOUR wealth!

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