Bursa Malaysia – KLSE

FRED

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)

14 December 2016 – FED increases rates by 25 basis points

The FED raised the benchmark interest rates by 25 bps to 0.5%-0.75% and forecast at least three rate hikes in 2017. This is a vote of confidence in the economy.

The indices pulled back slightly as the rate hike has already been factored in. This is a welcome pause for the indices to catch a breather as investors re-evaluate their positions. The dollar index spiked upward and bonds continued with its sell-off.

WTI oil futures dropped below $51 per barrel from its recent $54 per barrel as data overnight showed US crude stockpiles grew to 3.9M barrels as reported by API. Gold futures continued on its downtrend as the US dollar index spiked upward. It is now trading below $1150 per ounce.

The US dollar index spiked upward to above 102 on news of the rate hike. Bonds ended lower due to more selling.

On the economic front, retail sales rise just 0.1% in November. Producer Prices (PPI) for November rose 0.4% vs est. up 0.1%. Industrial Production fell (-0.4%) vs est. drop of (-0.3%) after rising 0.1% in October.

Business inventories for Oct fell (-0.2%) MoM vs estimate of (-0.1%) after rising 0.8% the prior month. Wholesalers inventories fell (-0.4%) MoM in Oct. after rising 0.1% prior month.

Dow Transportation sold down on market open and continued downward till the end of the day. It closed with a bearish candle below its 8 EMA with a bearish candle. Momentum remains upward. Volumetric buying pressure is at 41.8%. The index is in a monthly Squeeze.

Dow Industrial traded indecisively till the FOMC announcement of a rate hike. It was a volatile trading and closed down with a bearish spinning top doji candle on its 3 EMA and above its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 93.6%. It has exited its monthly Squeeze.

Russell 2000 probed for its top of the day and then sold off and closed with a bearish candle below its 8 EMA. Momentum is upward. Volumetric buying pressure is at 41.7%.

Nasdaq 100 traded indecisively till the FOMC announcement on the interest rate hike. It was after that and closed with a bearish candle above all its moving averages. Momentum has reversed upward. Volumetric buying pressure is at 96.3%. The index is in a weekly and monthly Squeeze.

S&P 500 traded indecisively till the FOMC announcement. Trading was rather volatile and it closed with a bearish candle above its 8 EMA. Momentum is upward. Volumetric buying pressure is at 89.1%. The index is in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures sold down and had a daily close below its 8 EMA. It is trading at $50.88 per barrel.

Gold futures continue to trade downwards and is trading at $1144.4 per ounce.

Silver futures traded down and is trading below its 8 EMA and 21 EMA. It is trading at $16.825 per ounce. It is in a Squeeze.

Agriculture (DBA) ETF traded upwards and closed with a bullish candle at 20.07 above its 21 EMA.

Commodities (DBC) ETF was volatile and closed with a bearish candle on its 8 EMA.

Bonds
Bond futures (ZB) traded downwards and continued on its downtrend. It closed at 147’28.

High Yield bond ETF (HYG) sold off and closed with a big bearish marubozu candle on its 21 EMA at 85.93.

Bonds ETF (TLT) sold down and closed with a big bearish candle below its moving averages at 116.82. Momentum is downward.

Currencies
The dollar index traded upward and closed with a big bullish marubozu candle. It is trading at 102.155 above its moving averages. It is in a Squeeze.

EUR/USD closed with a bearish candle and continued on its downtrend. It is in a Squeeze.

USD/JPY continued on its sharp uptrend and is trading at 117.329 above its moving averages.

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

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

Market Internals
Vix closed at 13.19. Vix futures is at 13.45. Skew is at 125.43. Market sentiment is bullish. Market breadth has flattened. Volumetric accumulation/distribution has flattened.

The Week Ahead
The indices pulled back slightly after the interest rate hike. This looks to be a pause for the indices as the buying pressure is still strong.. The prognosis is for a temporary pause for the indices before it starts on its move upward again.

Stock of the Day
The Stock of the Day is MITK. Mitek Systems, Inc. develops, markets and sells mobile capture and identity verification software solutions for enterprise customers.

 

To YOUR wealth!

Would you like to learn to trade stocks, options or futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948.


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