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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)

6 September 2016 – Squeezes to the upside?

The US market opened for trading after the Labor weekend holiday. The indices are squeezing higher and looks set to breakout to new highs. On the economic front, the ISM service Index were weaker at 51.4 in August from 55.5 in July. The dollar index tanked while bonds jumped. Oil pulled back after rallying earlier on hope of production limits by Saudi Arabia and Russia.

Dow Transportation sold of on market open till mid-morning before recovering. It range traded till mid-afternoon before pushing upward to close with a high closing doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%. The index is in a daily and weekly Squeeze.

Dow Industrial sold off till mid-morning before rallying upward till midday. It grinded upward before a last minute surge to close with a bullish candle above all its moving averages. Momentum is downward. Short term volumetric buying pressure is at 99.9%. The index is in a daily and monthly Squeeze.

Russell 2000 had a sharp drop till mid-morning before rallying upward till mid-day. It range traded and closed above all its moving averages with a dragonfly doji candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 100%.

Nasdaq 100 traded indecisively in the first hour before rallying upward till midday. It range traded for the rest of the day with a last minute spurt to close with a bullish marubozu candle. Momentum remains upward. Volumetric buying pressure is at 99.9%. The index is in a monthly Squeeze.

S&P 500 dropped in the first hour of trading before rallying back upward till midday. It range traded for rest of the day with a last minute spurt upward to close with a bullish marubozu candle above all its moving averages. Momentum is downward. Volumetric buying pressure is at 100%. The index is still in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil futures rallied to above $46 per barrel before pulling back and is trading at 44.73 per barrel below its its 21 EMA and 50 SMA. Momentum is downward.

Gold futures surged higher and is trading at $1352.2. Momentum is upward.

Silver futures surged higher to form a large bullish candle and is trading at $20.045 above all its moving averages. Momentum is upward.

Agriculture (DBA) ETF continued is downtrend and closed at 20.28.

Commodities (DBC) ETF traded upward and formed a bullish candle and closed at 14.49 below its 8 EMA. Momentum is downward.

Bonds
High Yield bond ETF (HYG) closed with a small bullish marubozu candle above all its moving averages at 87.00. Momentum remains upward.

Bonds ETF (TLT) closed with a bullish candle above its 21 EMA but below its 50 SMA at 139.64. It is in a daily Squeeze.

Currencies
The dollar index closed at 94.805 with a huge candle below all its moving averages. Momentum is downward.

EUR/USD formed a huge up-candle and closed at 1.12437 above all its moving averages. Momentum is upward.

USD/JPY formed a big bearish candle and is trading at 102.062 below all its moving averages. Momentum remains upward.

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

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

Market Internals
Vix closed 12.02. Vix futures is at 13.40. Skew is at 131.16. Market sentiment is very bullish. Market breadth has flattened. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The indices are now squeezing upward and the indications are for new highs. The market is not expecting a rate hike in September. The prognosis is for the indices to exit its Squeezes to the upside.

Stock of the Day
CC is our pick of the day. Chemours Co. is a provider of performance chemicals. It is into Titanium Technologies, Fluoroproducts and Chemical Solutions.

 

To YOUR wealth!

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