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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)

23 November 2016 – Thanksgiving highs!

The major indices of Dow Industrial, Russell 2000 and S&P 500 marched higher heading into the Thanksgiving Day. The three indices closed at all time historic highs. Dow Transportation closed above 9000 which is the highest for the last 2 years. US market will be closed on Thursday and close early at 1 pm EST on Friday.

The dollar index continued its march higher. WTI Oil futures traded sideways and is above $48 per barrel. Gold futures broke its support at $1200 per ounce.

FED minutes from prior meeting showed that many members judged that risks to economic and financial stability could increase over time if the labor market overheated appreciably or expressed concern that an extended period of low interest rates risked intensifying incentives for investors to reach for yield. This could potentially leads to mispricing of risk and misallocation of capital. Fed fund futures are now fully pricing in a December rate hike by the FOMC.

Dow Transportation surged on market open and continued trading upward till the end of the day. It closed with a bullish marubozu candle at 9000.04 and above all its moving averages. Momentum remains sharply upwards. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

Dow Industrial surged on market open and continued trading upward till the end of the day. It closed with a bullish marubozu candle above its moving averages and made new all-time historic high at 19083.76. Momentum remains upward. Short term volumetric buying pressure is at 99.9%. The index is still in a monthly Squeeze.

Russell 2000 probed for the bottom in the first half hour after market open before reversing sharply upward. It continued its surge upward till the end of the day and closed with a bullish candle above all its moving averages. Momentum is upward and in a sharp uptrend. Volumetric buying pressure is at 100%.

Nasdaq 100 range traded throughout the day and closed with a small doji candle at 4853.8621. Momentum is upward. Volumetric buying pressure is at 97.8%. The index is in a weekly and monthly Squeeze.

S&P 500 surged upward on market open and broke to new historic high at 2204.8. It closed with a bullish marubozu candle above all its moving averages. Momentum is upward and in a sharp uptrend. Volumetric buying pressure is at 99.9%. The index is in a weekly and monthly Squeeze.

Metals and Commodities
WTI Crude oil futures was volatile throughout the day and closed with a big spinning top doji candle above its moving averages.

Gold futures broke below its support at $1200 per ounce.

Silver futures is trading at $16.345 per ounce and looks to continue its downtrend.

Agriculture (DBA) ETF gapped down and then surged upward and closed with a bullish candle on its 50 SMA at 20.28.

Commodities (DBC) ETF surged upward and closed with a bullish candle above its moving averages at 15.12.

Bonds
Bond futures (ZB) traded sideways and has found a temporary bottom at 152’29.

High Yield bond ETF (HYG) closed with a bullish marubozu candle above its 21 EMA at 85.62.

Bonds ETF (TLT) gapped down and managed to close positive with a bullish candle below all its moving averages at 120.64. Momentum is downward.

Currencies
The dollar index continued its uptrend and is trading at 101.730 above all its moving averages. It is still in a sharp uptrend.

EUR/USD continued its downtrend and is trading at 1.05435.

USD/JPY pulled back from its sharp uptrend and is trading at 112.575.

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

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

Market Internals
Vix closed at 12.43. Vix futures is at 14.49. Skew is at 125.33. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The market internals continued to show strength in this market as it continues to make historic highs. The financial, industrial, energy, basic materials and consumer discretionary sector continue to out-perform the other sectors. The prognosis is for continuing upward moves in the indices.

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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