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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)

1 November 2016 – Earnings and Election volatilities

The indices continued its sell-off as election uncertainties dominate the news cycle. Investors are rotating into more defensive plays such as gold and bonds ahead of the FOMC meeting.

The dollar index continued its pullback and painted a big bearish candle and resting on its 21 EMA. WTI crude oil continued its pullback and is trading below $47 per barrel. Bonds gained slightly for the day but is still in a downtrend.

Dow Transportation gapped up on market open and sold off immediately. It continued trading downward till late afternoon and bounced off its 50 SMA and closed with a ‘rolling pin’ candle below its 21 EMA. Momentum is sideways. Volumetric buying pressure is at 29.9%. The index is in a daily and monthly Squeeze.

Dow Industrial sold off on market open and continued trading downward till later afternoon. It recovered slightly in the last hour and closed with a big bearish candle below its 21 EMA and 50 SMA. Momentum remains downward. Short term volumetric buying pressure is at 3.5%. The index is in a daily and monthly Squeeze.

Russell 2000 continued its sharp downtrend and traded downward for most of the day. It recovered slightly toward the last hour and closed with a big bearish candle below its moving averages. Momentum remains downward. Volumetric buying pressure is at 0%.

Nasdaq 100 continued its sharp sell-off and traded downward for most of the day. It recovered in the last hour to close with a big bearish candle below its moving averages. Momentum is downward. Volumetric buying pressure is at 15%. The index is in a daily and monthly Squeeze.

S&P 500 sold off on market open and continued trading downward for most of the day. It bounced off its 2100 level and closed with a big bearish candle below its 21 EMA and 50 SMA. Momentum is downward. Volumetric buying pressure is at 0%. The index is in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil continued its downtrend and painted a bearish inverted hammer candle below its moving averages. It is trading at $46.32 per barrel.

Gold futures is trading at $1291.6 per ounce and has broken out of its daily Squeeze upward.

Silver futures is trading at $18.435 per ounce and has broken out of its daily Squeeze upward.

Agriculture (DBA) ETF pulled back and closed at 20.34 below its 21 EMA and 50 SMA with a bearish marubozu candle on its 50 SMA.

Commodities (DBC) ETF gapped up but sold off and closed at 15.03 with a bearish marubozu candle below its 21 EMA.

Bonds
Bond futures (ZB) made small gain for the day and closed at 163’07 on its 21 EMA. It is still in a daily downtrend.

High Yield bond ETF (HYG) continued in its downtrend and could be the canary in the coal mine for the market. It has pulled back sharply and closed at 86.02 below its 50 SMA.

Bonds ETF (TLT) gapped up and closed with a small bullish marubozu candle at 131.25 below all its moving averages. Daily momentum remains downward.

Currencies
The dollar index pulled back and painted a big bearish marubozu candle and closed on its 21 EMA. It is at 97.660.

EUR/USD closed with a big bullish candle above its 21 EMA at 1.10636. It is in a short term uptrend.

USD/JPY pulled back to its 21 EMA and is trading at 103.761.

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

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

Market Internals
Vix closed at 18.56. Vix futures is at 18.05 and has Squeezed upward. Skew is at 126.12. Market sentiment is bearish. Market breadth is sloping downward showing nett losers to gainers. Volumetric accumulation/distribution is sloping downward showing distribution.

The Week Ahead
The indices continue to come under selling pressure due to political uncertainties. Market internals continue to deteriorate. The prognosis is for more volatility and selling pressure in the market.
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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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