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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 Jul 2016 – A good week for the indices

It has been a good week for the indices. They have nearly recovered all their post-Brexit losses and made smaller gains on Friday. We have the 4th July weekend which means Monday is a holiday. Vix has collapsed to under 15.

Bonds, gold and silver had a good week. These are the defensive sectors that money rotates to in times of uncertainties.

On the economic front, ISM manufacturing for June rises to 53.2 above the estimate of 51.3. New orders rose to 57 from 55.7. Unemployment rose to 50.4 from 49.2 and inventories rose to 48.5 from 45.

Dow Transportation rallied on market open and made the high for the day in the first hour of trading. It closed with a bullish marubozu candle just above its 21 EMA. Momentum remains downward. Daily volumetric buying pressure is at 77.9%.

The weekly chart shows a Piercing Line candle pattern which closed below the 50 SMA and 21 EMA. It has entered a Squeeze. Buying pressure is at 70.5%.

Dow Industrial rallied on market open in the first hour and made its high for the day. It had a slow sell-off and settled into a range trading for the rest of the day. Momentum has reversed upward. Short term volumetric buying pressure is at 58%. The index is in a monthly Squeeze.

The weekly chart closed with a bullish engulfing candle pattern above the 21 EMA. Buying pressure is at 78.5%.

Russell 2000 traded upward and made its day high in the first hour of trading. It sold off into the early afternoon before making a late day rally and closed with a small bullish inverted candle. Momentum is upward. Volumetric buying pressure is at 70.8%.

The weekly chart closed with a bullish engulfing candle above the 21 EMA and 50 SMA. Buying pressure is at 93%.

Nasdaq 100 traded upward and made the high for the day in the first hour and half. It then had a slow selloff and closed with an inverted hammer candle above its 200 SMA and 21 EMA. Momentum is upward. Volumetric buying pressure is at 65.2%. The index is in a monthly Squeeze.

The weekly chart closed with a bullish engulfing candle above its 50 SMA and 21 EMA. Buying pressure is at 56.8%.

S&P 500 traded upward in the first hour and half and made the high for the day. It had a slow selloff and then range traded for the rest of the day to close with a inverted hammer candle. Momentum is upward. Volumetric buying pressure is at 81.1%. The index is in a monthly Squeeze.

The weekly candle launched from its 50 SMA and closed above the 21 EMA with a bullish engulfing candle. Buying pressure is at 91.3%.

Metals and Commodities
Oil (/CL) futures traded at $49.28 per barrel. Oil has been trading sideways for the last 5 weeks.

Gold (/GC) futures has been in a weekly Squeeze and closed at $1344.9 per ounce above its 200 SMA with a bullish candle.

Silver (/SI) futures closed with a big bullish marubozu candle at 19.855 per ounce, above its 200 SMA.

Agriculture (DBA) ETF closed at 21.98 with a bullish harami candle above its weekly 21 EMA.

Commodities (DBC) ETF closed at 15.54 with a bullish engulfing candle above all its moving averages. It looks set to break to new high.

Bonds
High Yield bond ETF (HYG) is up at 84.47

Bonds ETF (TLT) closed at 140.57 with a big gap up on its weekly chart after exiting the Squeeze.

Currencies
The dollar index could not break above its weekly 50 SMA and closed at 95.720 with a inverted hammer candle. It is in a weekly Squeeze.

EUR/USD gapped down and closed with a bullish chart above its weekly 50 SMA at 1.11398.

USD/JPY closed with a small bullish candle below all its weekly moving averages at 102.561.

Relative Strength – Sectors
On a monthly lookback, the ETFs outperforming the S&P 500 are XLE, XLF, XLI, XLY and XLV respectively.

On a 3-month lookback, the relative strength order are XLE, XLU, XLF, XLP and XLI are outperforming the S&P 500.

Market Internals
Vix closed down at 14.77. Vix futures is at 16.775. Skew is at 128.53. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The market participants have brought the indices back to the pre-Brexit level. The V-shape recovery has been astounding as though the market has discounted the potential impact of Brexit. Market internals are looking strong. The prognosis is that this market is looking for a reason to move higher.

 

To YOUR wealth!

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