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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)

5 October 2016 – Another day of whipsaw action

Dow Transportation continues to push higher while the rest of the indices continue to whipsaw. It was an upday for the indices and we have been seeing alternate days of the indices being up and then down. Financials and energy stocks performed well propelled by rising oil prices.

Bonds continue its short term selling. Dollar index was up slightly for the day. WTI crude oil futures is trading near the $50 per barrel. Gold and Silver are consolidating perhaps for the next move down to its 200 SMA.

On the economic front, stronger monthly service data (ISM non-manufacturing) came in at 11-month highs this morning, helping lift demand for stocks and other risk assets. The better data this morning (Factory orders also beat) comes ahead of the nonfarm payroll report this Friday.

Hurricane Matthew is set to hit Florida tomorrow, raising concern in the insurance sector.

Dow Transportation traded indecisively in the first hour before surging upward till midday. It range traded for the rest of the day and closed with a small bullish marubozu candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 63.5%. The index is in a weekly and monthly Squeeze.

Dow Industrial surged on market open and continued trading upward for the rest of the day. It closed with a small bullish marubozu candle above its 21 EMA but below its 50 SMA. Momentum is neutral. Short term volumetric buying pressure is at 95.1%. The index is in a monthly Squeeze.

Russell 2000 surged on market open and continued trading upward till after midday. It pulled back slightly till the end of the day and closed with a bullish marubozu candle above its moving averages. Momentum remains upward. Volumetric buying pressure is at 61%.

Nasdaq 100 surged on market open but was volatile in its upward move till midday. It pulled back after midday and closed with a small inverted hammer candle above its moving averages. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

S&P 500 grinded upward in a volatile morning. It continued trading upward with less volatility in the afternoon and closed with a small bullish candle above its 21 EMA but below its 50 SMA. Momentum is neutral. Volumetric buying pressure is at 89.2%. The index is still in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures continues to trade upward and formed a bullish candle above all its moving averages and is trading at $49.65 per barrel. Momentum is upward.

Gold futures had a quiet day after the big plunge the day before. It is trading at $1269.2 per ounce. Momentum is downward.

Silver futures had a quiet day after the previous day’s big plunge. It is trading at $17.705 per ounce. Momentum remains downward.

Agriculture (DBA) ETF closed at 20.17 below its 8 EMA and 21 EMA. Momentum remains downward.

Commodities (DBC) ETF closed at 15.19 above its moving averages and continue its uptrend.

Bonds
High Yield bond ETF (HYG) closed at 86.90 with a small doji candle above its moving averages. Momentum remains upward.

Bonds ETF (TLT) closed at 134.58 and formed a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward.

Currencies
The dollar index is at 96.190 and is squeezing upward. Momentum is upward.

EUR/USD is trading at 1.11999 in a quiet day and it is in a daily Squeeze. Momentum is downward.

USD/JPY is trading at 103.498 and formed a bullish candle above its 8 EMA, 21 EMA and 50 SMA. 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 XLE, XLK, XLF, XLI and XLY respectively.

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

Market Internals
Vix closed at 12.99. Vix futures is at 15.20 and has formed a Squeeze. Skew is at 121.54. Market sentiment is rather bullish. Market breadth is sloping downward. Volumetric accumulation/distribution has flattened.

The Week Ahead
The Dow Jones Transportation continues to outperform but the rest of the indices remain choppy. Market internals are showing some signs of weakening. The prognosis is to remain cautious in this market.

Stock of the Day
The Stock of the Day is HSBC. HSBC is in the banking and financial services comppany. It manages its products and services through approximately four businesses such as Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets and Global Private Banking.

 

To YOUR wealth!

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