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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 September 2016 – Volatility and the election year

The major indices reversed upward after two days of decline. The market renewed its confidence from the September Consumer Confidence which rose to 104.1. There is no sign of a production freeze deal at the Opec meeting and oil traded down for the day. The debate between the presidential candidates Donald Trump and Hillary Clinton was scored in favour of Hillary Clinton by the media.

Dow Transportation traded upward on market open and continued upward throughout the day. It closed with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Momentum remains upward. Volumetric buying pressure is at 48.1%. The index is in its monthly Squeeze.

Dow Industrial traded upward on market open and continued upward for the rest of the day. It painted a bullish engulfing candle and closed on its 8 EMA below its 21 EMA. Momentum is downward. Short term volumetric buying pressure is at 64.9%. The index is in a monthly Squeeze.

Russell 2000 grinded upward on market open and closed with a small bullish candle above its moving averages. Momentum remains upward. Volumetric buying pressure is at 55.8%.

Nasdaq 100 traded upward on market open and continued upward for the rest of the day. It closed with a bullish marubozu candle above its moving averages. Momentum remains upward. Volumetric buying pressure is at 93.8%. The index is in a monthly Squeezes.

S&P 500 traded upward on market open and continued upward for the rest of the day. It closed with a bullish engulfing candle on its 21 EMA. Momentum is neutral. Volumetric buying pressure is at 45.4%. The index is still in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures had a volatile day and painted an uneven ‘rolling pin’ candle. It closed down at 44.87 on news of no production freezes.

Gold futures traded down for the day and closed at 1330.0. Momentum is sideways.

Silver futures traded down to 19.215 per ounce. Momentum is downard.

Agriculture (DBA) ETF closed at 20.35 with a spinning top doji candle and below its 21 EMA. Momentum is downward.

Commodities (DBC) ETF closed at 14.53 with a small spinning top doji candle below its 50 SMA and 21 EMA. Momentum is downward.

Bonds
High Yield bond ETF (HYG) closed at 86.63 with a bullish engulfing candle above its moving averages. Momentum remains upward.

Bonds ETF (TLT) gapped up and closed at 138.70 with a spinning top doji candle. Momentum is upward.

Currencies
The dollar index is at 95.430 and is in a daily Squeeze. Momentum is downward.

EUR/USD is trading at 1.12121 and is in a daily Squeeze. Momentum is upward.

USD/JPY is trading at 100.565 and closed with a small doji candle below its 21 EMA and 50 SMA. Momentum is downward.

On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLU, XLI, XLV and XLY respectively.

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

Market Internals
Vix closed at 13.10. Vix futures is at 15.65. Skew is at 123.74. Market sentiment is bullish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping is sloping downward.

The Week Ahead
The market continues to chop around and market participants have been whipsawed. The prognosis is for more whipsaw action in the market until it decides which direction it wants to go.

Stock of the Day
The Stock of the Day is TROX. Tronox is engaged in the production and marketing of titanium bearing mineral sands and titanium dioxide pigment.

 

To YOUR wealth!

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