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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)

7 September 2016 – Day of the Transport and Nasdaq

Nasdaq 100 hit all time high while the Dow Jones Transportation led the market with a big bullish candle. Meanwhile the S&P 500 continued its range trading while the Russell 2000 also painted a bullish candle.

The central banks are busy meeting this month and as a result, there is be increased volatilities. The ECB will meet on Thursday, 8 September followed by the FOMC later in the month and then the Bank of Japan. The dollar index has been whipsawing and continues its recent short term downtrend.

Oil continued its move upward while Gold climbed back up above its 50 SMA.

Dow Transportation gapped up and traded upward till mid-morning. It then range traded for the rest of the day and closed with a big bullish marubozu candle. Momentum remains upward. Volumetric buying pressure is at 100%. The index has exited its daily Squeeze but is still in its monthly Squeeze.

Dow Industrial traded without direction in the first hour of trading and then sold off till late morning. It recovered and traded upward and closed with a small doji candle above all its moving averages. Momentum is upward. Short term volumetric buying pressure is at 99.6%. The index is in a daily and monthly Squeeze.

Russell 2000 traded upward on market open and pulled back slightly by late morning. Buying pressure came back in and it traded steadily upward for the rest of the day to close with a bullish marubozu candle. Momentum remains upward. Volumetric buying pressure is at 100%.

Nasdaq 100 broke out to new high at 4839.59 before selling down till late morning. It grinded upward for the rest of the day and closed with a small 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 sold down after the first hour of trading and it bounced and grinded upward for the rest of the day to close with a doji candle above all its moving averages. Momentum is upward. Volumetric buying pressure is at 100%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil futures continues to trade upward following from the big day yesterday. It is trading at $46.34 per barrel above all its its moving averages. Momentum is upward.

Gold futures traded sideways at $1350.5. Momentum is upward.

Silver futures pulled back from yesterday’s big day and formed a bearish candle. It is trading at 19.925 above all its moving averages. Momentum is upward.

Agriculture (DBA) ETF closed with a bullish candle above its 8 EMA at 20.50. Momentum remains downward.

Commodities (DBC) ETF had a gap up and closed with a bullish hammer candle at 14.62 above its 8 EMA. Momentum remains downward.

Bonds
High Yield bond ETF (HYG) closed with a bearish candle at 86.76 on its 8 EMA. Momentum remains upward.

Bonds ETF (TLT) closed with a bearish at 139.54. It is trading sideways and is in a daily Squeeze.

Currencies
The dollar index is at 94.905 with downward momentum.

EUR/USD pulled back with a small rolling pin candle and is trading at 1.12460 above all its moving averages. Momentum is upward.

USD/JPY traded downward to form a bearish candle below its moving averages at 101.750 below all its moving averages. Momentum remains upward.

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

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

Market Internals
Vix closed 11.94. Vix futures is at 13.30. Skew is at 130.94. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution continues to slopw upward.

The Week Ahead
The market internals are showing strength. The indices are in their Squeezes. The Dow Jones Transportation index, Nasdaq 100 and the Russell 2000 are leading the market upward which is a good sign. The prognosis is for more upside action.

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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