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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)

15 August 2016 – Breakout into new highs!

The Dow Jones Industrial, S&P 500 and Nasdaq 100 posted new all-time high while the Russell 2000 achieved new 2016 high. The Dow Jones Transportation continues to lag behind the other indices. Market momentum remains to the upside. Oil futures had a big day and is now trading above $45 per barrel. Gold and Silver managed to hold on to their recent gains. The dollar index traded slightly down and treasury bonds traded slightly down.

Portfolio managers are chasing this market ever higher as the market pullbacks are rather shallow. There are no other news or known events that can derail this rather bullish market.

Dow Transportation gapped up on market open and continued rallying upward till midday. Some slow selling began in the afternoon session and it closed with a bullish inverted hammer candle. Momentum is upward. Daily volumetric buying pressure is at 35%. The index is in a weekly Squeeze.

Dow Industrial gapped up on market open and traded upward till midday. It achieved an all-time high of 18668.44 before range trading for the rest of the day and closed with a bullish marubozu candle in a doji sandwich pattern above all its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 98.5%. The index is in a monthly Squeeze.

Russell 2000 gapped up on market open and continued trading upward for the rest of the day. It achieved a 2016 high of 1243.83 and went on to closd with a bullish marubozu candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%.

Nasdaq 100 gapped up on market open and continued trading upward till early afternoon. It achieved an all-time high of 4837.67 before pulling back to close with a bullish marubozu candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

S&P 500 gapped up on market open and continued trading upward till late afternoon. It achieved an all-time high of 2193.81. It closed for the day with a bullish marubozu candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 99.6%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
Oil (/CL) futures had a big day and is trading at $45.60 per barrel. Gold (/GC) futures traded down slightly at 1347.5 per ounce. Silver (/SI) futures traded slightly down at 19.875 per ounce. It is in a Squeeze.

Agriculture (DBA) ETF closed at 20.88. Momentum remains downward.

Commodities (DBC) ETF gapped up and closed higher at 14.80. Momentum has shifted upward.

Bonds
High Yield bond ETF (HYG) gapped up and closed with a spinning top doji candle above all its moving averages at 86.62.

Bonds ETF (TLT) traded lower and closed at 138.76. It is in a daily Squeeze.

Currencies
The dollar index is in a downward momentum and is at 95.595. EUR/USD is in an upward momentum and is trading at 1.11795. USD/JPY is in a downward momentum and is trading at 101.149.

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

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

Market Internals
Vix closed at 11.81. Vix futures is at 12.25. Skew is at 134.45. Market sentiment is rather bullish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
With the Vix below 12 and the Vix futures below 13, market participants are not pricing in any potential negative events. Market internals remain strong but market breadth is not participating in this bullish move and hence caution is required. The S&P 500 still has its daily and monthly Squeeze and we should be looking for more upside. The prognosis is this market has more legs to run upward.

Stock of the Day
AXAS is our pick of the day. It is an independent energy company engaged in the acquisition, exploration, development and production of oil and gas.

 

To YOUR wealth!

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