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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)

13 September 2016 – Back down again and found support?

The indices plunged and did not confirm Monday’s bounce. WTI crude led the market down when the IEA says it expects slower growth in demand for oil this year. Volatility has picked up as the VIX is above 18. Bond sold off and the dollar index made gain for the day.

With the exception of the Dow Transportation, the rest of the other indices seems to have found support.

Dow Transportation sold down till mid-morning and the proceeded to range trade for the rest of the day. It closed with a big bearish marubozu candle below its 50 SMA. Momentum is downward. Volumetric buying pressure is at 70.7%. The index is in its monthly Squeeze.

Dow Industrial sold down on market open and continued trading down till mid-morning. It then range traded for the rest of the day and closed with a bearish marubozu candle. Momentum remains downward. Short term volumetric buying pressure is at 53.8%. The index is in a monthly Squeeze.

Russell 2000 sold down on market open and continued trading downward till late morning. It then range traded for the rest of the day and closed with a big bearish marubozu candle. Momentum is neutral. Volumetric buying pressure is at 70%.

Nasdaq 100 sold down till late morning and then proceeded to range trade for the rest of the day. It closed with a bearish spinning top doji candle above its 50 SMA. Momentum remains downward. Volumetric buying pressure is at 89.1%. The index is still in a monthly Squeeze.

S&P 500 sold down on market open till mid-morning and then range traded for the rest of the day. Momentum remains downward. Volumetric buying pressure is at 67%. The index is still in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures sold off to its 50 SMA and is trading at $45.19 per barrel. Momentum is downward.

Gold futures continues its downtrend and is trading $1322.1 below its 21 EMA and 50 SMA. Momentum remains downward.

Silver futures traded down to 18.930 to below its 50 SMA and 21 EMA. Momentum remains downward.

Agriculture (DBA) ETF closed at 20.09 with a bearish marubozu candle below its 21 EMA and 50 SMA. Momentum remains downward.

Commodities (DBC) ETF closed at 14.46 with a bearish candle below its 50 SMA and 21 EMA. Momentum is downward.

Bonds
High Yield bond ETF (HYG) sold off and closed at 85.41 with a bearish candle below its 50 SMA. Momentum is downward.

Bonds ETF (TLT) sold off and closed at 134.04 with a bearish candle. Bond futures (/ZB) sold off and closed at 165 8/32 with bearish candle. Momentum remains downward.

Currencies
The dollar index gained and trading at 95.510 with upward momentum bias.

EUR/USD closed with a doji candle at 1.12204. The 8 EMA and 21 EMA have converged. Momentum is neutral.

USD/JPY closed with small bullish cande and is trading at 102.84. Momentum is upward.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLP, XLV, XLB, XLU, XLI, XLY and XLF respectively.

The relative strength order of the ETFs that are underperforming the S&P 500 are XLB, XLE, XLY, XLU, XLV, XLP, XLI and XLF respectively.

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

Market Internals
Vix closed at 17.85. Vix futures is at 17.53. Skew is at 131.56. Market sentiment is bearish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
Monday’s big bullish candles and Piercing Line candle patterns in the indices were not confirmed. Market internals are showing a deterioration. The major indices sold down to support levels and have held. The prognosis is for more volatility.

Stock of the Day
The Stock of the Day is WFT. Weatherford International plc offers equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.

 

To YOUR wealth!

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