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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)

11 July 2016 – It is a breakout!

The S&P 500 broke out to new all-time high and breached the previous high at 2132.82. It reached an intraday high of 2143.16 and closed at 2136.95. All the indices were higher and in lieu of the strong employment figures last Friday, it seems there is nothing to stop the indices to achieve new highs in the coming week. We are now in earnings season and even with slower earnings growth, the indices can be expected to achieve new highs for some time to come.

Post Brexit, the UK will have a new Prime Minister by the middle of the week.

Dow Transportation range traded throughout the day and closed with a small doji candle above all its moving averages. Momentum remains upward. Daily volumetric buying pressure is at 95.3%.

Dow Industrial gapped up on market open and continued trading upward till early afternoon. It pulled back slightly in late afternoon trading and closed with a bullish candle above all its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

Russell 2000 gapped up on market open and traded upward throughout the day and reached a new yearly high at 1192.03. It closed with a bullish marubozu candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 99.9%.

Nasdaq 100 gapped up on market open and traded upward in the first half hour of trading. It pulled back by mid-morning before resuming its upward trajectory with a pullback at the end of the day to close with a bullish inverted hammer candle. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

S&P 500 gapped up on market open and traded upward in the first half hour. It had a quick pullback before resuming its upward trajectory and reached all time high of 2143.16 before pulling back in the last hour of trading to close with a small inverted hammer candle. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

Metals and Commodities
Oil (/CL) futures is in a down trend and is trading at $44.88 per barrel. Gold (/GC) futures has been trading sideways and is at $1357.6 per ounce. Silver (/SI) futures continues is uptrend and is trading at 20.475 per ounce.

Agriculture (DBA) ETF is still in a down trend and closed at 21.52. Commodities (DBC) ETF closed at 14.82 below its 50 SMA.

Bonds
High Yield bond ETF (HYG) is still in an uptrend and closed at 85.64. Bonds ETF (TLT) closed at 142.34.

Currencies
The dollar index is at 96.330 and is sitting below its 200 SMA. EUR/USD is trading at 1.10880 and continues its downtrend. USD/JPY had a big upday and is still in a downtrend at 103.050 continues its downtrend.

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

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

Market Internals
Vix closed down at 13.54. Vix futures is at 14.55. Skew is at 125.03. Market sentiment is extremely bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The S&P 500 has broken out to new all-time high and the market is extremely bullish which usually means a pullback is likely. Market internals show strength and this market has legs to go higher. The prognosis for the long term is bullish and the lagging indices will play catch-up. A small pullback is likely when market participants are overly bullish.

 

To YOUR wealth!

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