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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)

12 September 2016 – Market rallies or bounces?

The indices rallied back up to form a Piercing Line candle pattern after Friday’s huge sell-off. With the exception of the Dow Jones Industrial, the other major indices closed back above their 50 day moving averages. As usual the Fed backed down in the face of a market meltdown. Fed members Kashkari, Brainard and Lockhart spoke and made reassuring statements and the market is not looking for a September rate hike.

The dollar index closed below its 21 EMA. Oil traded indecisively and is trading in the $45 per barrel region. Bond made small gain.

Defensive sectors led today’s gains, led by utilities, telecom and staples, while financial stocks reversed lower. Biotechs also surged, posting one of its best days in months but it was a broad rally.

Dow Transportation surged on market open and throughout the day and closed big bullish candle in a Piercing Line candle pattern back above its 50 SMA and 21 EMA. Momentum is neutral. Volumetric buying pressure is at 91.8%. The index is in its monthly Squeeze.

Dow Industrial surged upward on market open and traded upward throughout the day and closed with a big bullish candle to form a Piercing Line candle pattern. It closed below its 21 EMA and 50 SMA. Momentum remains downward. Short term volumetric buying pressure is at 83.6%. The index is in a daily and monthly Squeeze.

Russell 2000 surged upward on market open and traded strongly upward throughout the day and closed with a big bullish candle to form a piercing line candle pattern. It closed above its 50 SMA but below its 21 EMA. Momentum is neutral. Volumetric buying pressure is at 90.2%.

Nasdaq 100 surged upward on market open and throughout the day and closed with a big bullish candle to form a bullish engulfing candle pattern. It closed above its 50 SMA and below its 21 EMA. Momentum is neutral. Volumetric buying pressure is at 85.4%. The index is in a monthly Squeeze.

S&P 500 surged upward on market open and throughout the day and closed with a huge bullish candle to form a piercing line candle pattern. It closed below its 50 SMA and 21 EMA. Momentum remains downward. Volumetric buying pressure is at 82.1%. The index is still in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures closed with a spinning top doji candle above all its moving averages. It is trading at $45.89 per barrel.

Gold futures traded down to $1335.2 and formed a doji candle below its 21 EMA and 50 SMA. Momentum remains downward.

Silver futures traded down to 19.280 to below its 50 SMA and 21 EMA. Momentum remains downward.

Agriculture (DBA) ETF closed at 20.36 with an inverted hammer candle below all its 21 EMA and 50 SMA. Momentum remains downward.

Commodities (DBC) ETF closed at 14.65 with a bullish candle on its 50 SMA and 21 EMA. Momentum is neutral.

Bonds
High Yield bond ETF (HYG) closed with a bullish candle to form a piercing line candle pattern at 86.07 above its 50 SMA but below its 21 EMA. Momentum is downward.

Bonds ETF (TLT) managed to close with a small bullish spinning top doji after gapping down on Friday. It remains below its 21 EMA and 50 SMA. Bond futures (/ZB) traded upward and closed with a small bullish candle. Momentum remains downward.

Currencies
The dollar index is at 95.030 with downward momentum.

EUR/USD closed with a big doji candle on its 3 EMA. It is trading at 1.12363. Momentum has flattened.

USD/JPY closed with bearish marubozu candle below its 50 SMA and 21 EMA. It is trading at 101.591. Momentum remains downward.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLF, XLV, XLI, XLP, XLY and XLU respectively.

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

Market Internals
Vix closed at 15.16. Vix futures is at 15.52. Skew is at 134.18. Market sentiment is neutral. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
Last Friday’s big sell-off has to be taken as a warning sign. Any news of a Fed rate hike triggers a big sell-off and eventually the Fed will raise the rate. It is likely that there will be a rate hike before the end of the year. September is likely to be a volatile month so short term trading strategy is in order. Market internals are starting to show weakening. The prognosis is to trade short term until the longer term market direction is known.

Stock of the Day
No Stock of the Day for today.

 

To YOUR wealth!

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