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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)

10 November 2016 – Indices at record high post election

The Dow Jones Industrial index soared to new historic high at 18873.66. Dow Jones Transportation just made a 2016 high at 8556.60. All is well post election as market turned bullish on a Trump Presidency.

Technology stocks under-performed which caused the Nasdaq to be the laggard of the major indices.

Dow Transportation shot up on market open and continued trading upward for most of the day. It pulled back slightly at the end of the day and closed with a big bullish marubozu candle. Momentum is upwards. Volumetric buying pressure is at 100%. The index is in a weekly and monthly Squeeze.

Dow Industrial short up on market open and traded higher for much of the day. It closed with a big bullish marubozu candle above its moving averages. Momentum is upwards. Short term volumetric buying pressure is at 100%. The index has exited its daily Squeeze and is still in a weekly and monthly Squeeze.

Russell 2000 was volatile till mid-morning before surging upward till late afternoon. It pulled back towards the end of the day and closed with a bullish candle. Momentum is upward. Volumetric buying pressure is at 100%.

Nasdaq 100 sold off on market open till mid-morning before pulling back. It closed with a big bearish candle below its moving averages. Momentum remains downward. Volumetric buying pressure is at 62.5%. The index is in a monthly Squeeze.

S&P 500 probed for its high of the day in the first half hour after market open before selling off till mid-morning. It then rallied upward till late afternoon and closed with a spinning top doji candle. Volumetric buying pressure is at 100%. The index is in a weekly and monthly Squeeze.

Metals and Commodities
WTI Crude oil futures traded down and closed with a bearish candle below its moving averages. It is trading at $44.42 per barrel.

Gold futures sold off and closed with a bearish candle below its moving averages. It is trading 1260.2 and momentum is downward.

Silver futures closed with a spinning top doji candle above its 50 SMA. It is trading at $18.620 per ounce and is above its 50 SMA and 21 EMA.

Agriculture (DBA) ETF traded down and closed with a bearish marubozu candle below its 50 SMA at 20.21.

Commodities (DBC) ETF traded down and closed below its moving averages at 14.69.

Bonds
Bond futures (ZB) continued selling off and closed with a bearish marubozu candle below its moving averages at 155’26. It is in a daily downtrend.

High Yield bond ETF (HYG) gapped down and closed with a big bearish marubozu candle below its moving averages at 84.26.

Bonds ETF (TLT) gapped down and closed with an inverted hammer candle below its moving averages at 122.73. It is in a sharp downtrend.

Currencies
The dollar index with a bullish spinning top doji candle above its moving averages at 98.825.

EUR/USD continued its downtrend and closed with a big bearish spinning top doji candle below its moving averages at 1.08853.

USD/JPY its sharp uptrend closed with a bullish marubozu candle at 106.868 above its moving averages. It finally breached the 200 SMA.

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

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

Market Internals
Vix closed at 14.74. Vix futures is at 15.37. Skew is at 127.00. Market sentiment has turned bullish. Market breadth has flattened. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The market continues to be bullish post election. From the market internals, we have to be cautious as the market breadth has not turned upward. The prognosis is we should take a bullish bias but some caution is required.

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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