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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 October 2016 – Setting up for a reversal?

It was another day of selling continuing from pre-market selling and carrying till late morning before the bulls re-appeared. The recent selldown in the market has been attributed to concerns on the FED raising interest rates sooner rather than later.

Dollar index pulled back after a week and half of making gains. Oil made slight gains and is trading above $50 per barrel. Gold and Silver made small gains but is still in a downtrend.

Bonds gained as well following days of losses and is still in a downtrend. Metals and materials were amongst the biggest losers on weaker China export data.

Dow Transportation dropped in the first half hour before reversing and surging upward. It traded upward for the rest of the day and closed with a bullish hammer candle above its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 95.4%. The index is in a monthly Squeeze.

Dow Industrial sold in the first hour and found support before rallying upward. It continued trading upward and closed with a high closing doji candle below its moving averages. Momentum remains downward. Short term volumetric buying pressure is at 93.4%. The index is in a daily and monthly Squeeze.

Russell 2000 sold off in the first hour and found support. It rallied back up for the rest of the day and closed with a high closing doji below its moving averages. Momentum is downward. Volumetric buying pressure is at 0%.

Nasdaq 100 gapped down on market open and sold off for the first half hour before rallying back up. It traded upward for the rest of the day and closed with a spinning top doji candle below its 50 SMA. Momentum is downward. Volumetric buying pressure is at 75.3%. The index is in a monthly Squeeze.

S&P 500 gapped down on market open and continued trading downward for the first hour. It found support and rallied back up for the rest of the day and closed with a high closing spinning top doji candle below its moving averages. Momentum is downward. Volumetric buying pressure is at 71.2%. The index is in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil futures made small gains and is back above $50. It is trading $50.50. It uptrend continues although it has been trading sideways for the last 4 days.

Gold futures is trading at $1258.5 per ounce and continues to trade sideways on its 200 SMA. Momentum is downward.

Silver futures is trading at $17.465 per ounce just above its 200 SMA in sideways trading.

Agriculture (DBA) ETF closed at 20.08 with a small bullish candle. Momentum remains downward.

Commodities (DBC) ETF traded upward and closed at 15.25 above its moving averages.

Bonds
Bond futures (ZB) traded sideways at 164’18. Its downtrend continues.

High Yield bond ETF (HYG) closed at 86.66 with a doji candle below its moving averages. Momentum remains upward.

Bonds ETF (TLT) made gains closed at 133.46 with a small doji candle below its 8 EMA and 21 EMA.

Currencies
The dollar index pulled back from its recent uptrend and formed a bearish engulfing candle. It is at 97.550.

EUR/USD formed a bullish engulfing candle and is trading at 1.10527. It is still in a downtrend.

USD/JPY continued its uptrend above its 8 EMA, 21 EMA and 50 SMA at 103.917.

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

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

Market Internals
Vix closed at 16.69. Vix futures is at 17.07 and has been Squeezing upward. Skew is at 123.32. Market sentiment has turned bearish. Market breadth continues to slope downward showing nett losers compared to gainers. Volumetric accumulation/distribution is sloping downward which means nett distribution.

The Week Ahead
The uncertainty with interest rate hike and US politics have caused many investors to take a risk-off attitude. Market internals are telling us that there is little buying pressure. The prognosis is that the market will continue to be under selling pressure.

Stock of the Day
The Stock of the Day is FSLR. First Solar is a provider of photovoltaic (PV) solar energy solutions. The company designs, manufactures and sells PV solar modules with thin-film semiconductor technology and also develops, designs, constructs and sells PV solar power solutions.

 

To YOUR wealth!

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