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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)

22 July 2016 – Closing the week on a high

The indices closed out the week on a high note. The Nasdaq 100 made a new 2016 high and the Dow Transportation put up a solid positive performance. The rest of the indices rounded out the week on a high note.

Defensive sectors such as Utilities, Telecom and REIT were the top performers. Crude oil continued their downtrend and gold and silver slipped. The dollar index had a solid positive day.

Dow Transportation surged on market open and continued trading upward throughout the day. It closed with a bullish candle above all its moving averages. Momentum remains upward. Daily volumetric buying pressure is at 82.1%. The index is in a weekly Squeeze.

On the weekly chart, the index closed with a high closing doji above all its moving averages. It is still in a Squeeze.

Dow Industrial probed for its bottom in the first hour of trading and rallied upward for the rest of the day. It closed with a bullish hammer candle above all its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

On the weekly chart, the index had a small gap up and closed the week with a small spinning top doji candle far above all its moving averages. It made new all time high of 18622.01 during the week.

Russell 2000 traded sideways in the first hour after market open before surging upward for the rest of the day. It closed with a bullish candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 99.8%. The index is in a monthly Squeeze.

On the weekly chart, the index closed with a small bullish candle way above all its weekly moving averages. It is still under-performing compared to the other indices.

Nasdaq 100 probed for its bottom in the first ten minutes after market open before reversing and surging upward and made a new 2016 high at 4670.54. It range traded for the rest of the afternoon to close with a bullish candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 86.2%. The index is has exited its weekly Squeeze and is still in a monthly Squeeze.

On the weekly chart, the index had a small gap up and closed with a bullish marubozu candle way above all its moving averages. It has exited its weekly Squeeze.

S&P 500 probed for its bottom in the first ten minutes after market open before surging upward for the rest of the day. It closed with a bullish marubozu candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100. The index is still in a monthly Squeeze.

On the weekly chart, the index closed with a small bullish marubozu candle above all its moving averages. It has exited its weekly Squeeze.

Metals and Commodities
Oil (/CL) future continues its pullback on its weekly chart. It closed at $44.26 per barrel for the week.

Gold (/GC) future closed down for the week with a bearish candle at 1322.1 per ounce. It is still above its 8 EMA on the weekly chart. Silver (/SI) futures closed the week with a bearish candle above its 8 EMA at 19.690 per ounce. It has pulled back and is still in an uptrend.

Agriculture (DBA) ETF closed with a bearish candle (weekly) at 20.73. It is now in a downtrend. Commodities (DBC) ETF closed with a bearish candle (weekly) at 14.56.

Bonds
High Yield bond ETF (HYG) continued its uptrend and closed at 86.17 with a bullish candle in a doji sandwich candle pattern on its weekly chart. Bonds ETF (TLT) closed at 138.80 with a high closing spinning top doji candle on its weekly chart.

Currencies
The dollar index closed at 97.415 and is in a daily and weekly Squeeze upward. EUR/USD closed at 1.09747 and is in a weekly Squeeze downward. USD/JPY closed at 106.210 and is in a weekly downtrend.

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

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

Market Internals
Vix closed at 12.02. Vix futures is at 15.375. Skew is at 128.36. Market sentiment is bullish. Market breadth continues to slope upward. Volumetric accumulation/distribution is flattening.

The Week Ahead
The market continued its strong uptrend after taking a day’s rest. Market internals shows the market has been going up with volume backing it up and the gainers are outpacing the losers. The prognosis is that this upward move has legs.

 

To YOUR wealth!

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