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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)

31 August 2016 – Awaiting the jobs report

The indices suffered from a case of nerves when it sold off in the morning session. It rallied back up in the afternoon and closed mix ahead of Friday’s Non-Farm payroll jobs report.

WTI crude suffered a big down day and trading below $45 per barrel. Gold and Silver managed a small gain.

The dollar index futures went sideways and closed indecisively.

Bonds traded slightly higher.

Dow Transportation sold off half an hour after market open and rallied back up in the afternoon. It closed with a hammer candle on its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 83.7%. The index is in a daily and weekly Squeeze.

Dow Industrial gapped down on market open and continued selling off till midday. It rallied back up in the afternoon session and closed with a hammer candle below its 21 EMA. Momentum is downward. Short term volumetric buying pressure is at 74.6%. The index is in a monthly Squeeze.

Russell 2000 sold off half an hour after market open and then range traded till mid-afternoon before rallying back up. It closed with a hammer candle on its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 100%.

Nasdaq 100 range traded in the morning session before a quick sell-off near midday. It rallied back up in the afternoon and closed with a small high closing doji candle above its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a monthly Squeeze.

S&P 500 sold off till midday before rallying back up and closed with a hammer candle below its 21 EMA. Momentum remains upward. Volumetric buying pressure is at 100%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil futures traded down to $44.90 per barrel which is below its its 21 EMA and 50 SMA. Momentum remains upward.

Gold futures traded slightly higher at $1313.3 but momentum is downward.

Silver futures traded slightly higher at $18.800 below all its moving averages. Momentum is downward.

Agriculture (DBA) ETF continued is sell-off and closed at 20.23.

Commodities (DBC) ETF gapped down and closed at 14.39 with a big bearish candle. Momentum is downward.

Bonds
High Yield bond ETF (HYG) suffered a down day and closed at 86.70 with a bearish candle on its 21 EMA. Momentum remains upward.

Bonds ETF (TLT) traded sideways and closed at 139.87 at its 21 EMA. The 3 EMA, 8 EMA, 21 EMA and 50 SMA have now converged. It is in a daily Squeeze.

Currencies
The dollar index is at 95.980 above all its 3 EMA, 8 EMA and 21 EMA. Momentum is upward.

EUR/USD made slight gains and is trading at 1.11585 below its 3EMA and 8 EMA. Momentum is downward.

USD/JPY traded slightly down at 103.115 above its 21 EMA and 50 SMA. Momentum is upward.

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

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

Market Internals
Vix closed 13.42. Vix futures is at 14.65. Skew is at 129.25. Market sentiment has a slight bullish bias. Market breadth continues to deteriorate and has been deteriorating in the last 3 weeks. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
Market participants has turned cautious ahead of Friday’s Non-Farm payroll report. Market internals are mixed and market participants have turned cautious. There should be a volatility spike on Friday. The prognosis is trade cautiously and hedge to the downside.

Stock of the Day
BAC our pick of the day. Bank of America Corp is a bank holding company and financial holding company.

 

To YOUR wealth!

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