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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)

25 October 2016 – Earnings season volatility

With earnings season, comes volatility and today’s market was just that. The indices appeared to swing up and down on alternate days. Technology sector continues to outperform the rest of the market with the Nasdaq outperforming the other indices.

WTI crude oil futures pulled back below its $50 per barrel mark. Gold and Silver had a positive day with gold in a short term uptrend.

The dollar index continues it sharp uptrend and that continues to put pressure on the market.

US Treasure bond had a positive day and is in a short-term uptrend but on the intermediate term, it is still in a downtrend.

There were a few large corporate earnings reporting and the results were mixed. CAT, MMM, V, UA, MAS, WHR, WAT, SHW slide on poor earnings expectation. MRK, PG, UTX, LMT, KEY, VLO, BHI were big winners.

Earnings report after the bell are COF, DFS, AMP in financials. CMG, CAKE, PNRA is restaurant space and others.

For tomorrow, we have BA, HLT, CMCSA, KO, STT, NSC, LUV, HES amongst others.

Dow Transportation traded without direction throughout the day. It closed with an inverted hammer candle below its 21 EMA. Momentum is upward. Volumetric buying pressure is at 0%. The index is in a daily and monthly Squeeze.

Dow Industrial traded upward in the first hour after market open but retraces back to its open and below. It range traded throughout the day and closed with an inverted hammer candle below its 21 EMA. Momentum remains downward. Short term volumetric buying pressure is at 26.2%. The index is in a daily and monthly Squeeze.

Russell 2000 sold off till midmorning below finding support. It then range traded throughout the day and closed with a bearish candle below its moving averages. Momentum remains downward. Volumetric buying pressure is at 14.3%.

Nasdaq 100 pulled back on market open and continued trading downward for the rest of the day. It closed with a bearish candle above its moving averages. Momentum remains upward. Volumetric buying pressure is at 80.8%. The index is in a daily and monthly Squeeze.

S&P 500 traded upward in the first half hour but pulled back by mid-morning. It range traded for the rest of the day and closed with a bearish candle below its moving averages. Momentum is downward. Volumetric buying pressure is at 54.3%. The index is in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil futures traded down for the day and painted a bearish candle below its 21 EMA and below $50 per barrel. It is trading at $49.35 per barrel. The uptrend continues.

Gold futures traded up and painted a bullish candle below its 21 EMA at $1275.6 per ounce. It is just below its 21 EMA. Momentum is downward.

Silver futures is trading at $17.795 per ounce and its 21 EMA.

Agriculture (DBA) ETF continues its surge upward and closed with a bullish marubozu candle above its 50 SMA at 20.58.

Commodities (DBC) ETF pulled back from its uptrend and closed with a bearish candle below its 8 EMA at 15.27. The uptrend continues.

Bonds
Bond futures (ZB) traded sideways at 164’27. It is at its 8 EMA but below its 21 EMA.

High Yield bond ETF (HYG) is Squeezing upward and closed at 87.37 above its moving averages. The uptrend continues.

Bonds ETF (TLT) gapped down but closed positive at 133.08. Momentum remains downward.

Currencies
The dollar index closed with a doji candle at 98.715 and above its moving averages in a sharp uptrend.

EUR/USD continues to trade downward. It is trading at 1.08921.

USD/JPY was up slightly for day and is trading at 104.285 in a continuing uptrend.

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

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

Market Internals
Vix closed at 13.46. Vix futures is at 15.40 and is in a Squeeze. Skew is at 122.83. Market sentiment is bullish. Market breadth has flattened. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
Earnings season is always volatile. The market internals are not showing any strength and has largely flattened. The prognosis is for the market to continue sideways.
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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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