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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)

4 October 2016 – Another rate hike tantrum, Gold plunged

The indices were range trading throughout the morning before selling off at midday. Comments from Federal Reserve Bank of Richmond President Jeffrey Lacker argued for a significant rate hikes to keep inflation under control. Stocks and bonds slide, the dollar index went up and gold plunged and broke its $1300 per ounce support.

Further news that the ECB will gradually decrease its bond purchases in steps of Euro 10B a month further unnerved the market.

Dow Transportation gapped up on market open and gradually sold off throughout the day. It closed with a bearish candle on its 3 EMA and above its moving averages. Momentum remains upward. Volumetric buying pressure is at 53.3%. The index is in a weekly and monthly Squeeze.

Dow Industrial was choppy till late morning before selling off. It closed with a bearish candle below its moving averages. Momentum is downward. Short term volumetric buying pressure is at 64.6%. The index is in a monthly Squeeze.

Russell 2000 was choppy till late morning before selling off. It closed with a bearish candle below its 21 EMA but above its 50 SMA. Momentum remains upward. Volumetric buying pressure is at 60%.

Nasdaq 100 was choppy and came under constant selling pressure. It sold off at midday and close for the day with a bearish rolling pin candle above its 8 EMA. Momentum remains upward. Volumetric buying pressure is at 94.8%. The index is in a monthly Squeeze.

S&P 500 was choppy and came under selling pressure throughout the morning. It sold off by midday and closed with a bearish candle below its moving averages. Momentum is downward. Volumetric buying pressure is at 52.5%. The index is still in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures continues to trade upward and formed a bullish candle above all its moving averages and is trading at $49.18 per barrel.

Gold futures plunged on rate hike fears and formed a big bearish marubozu candle. It is trading at $1273 per ounce. Momentum is downward.

Silver futures plunged and formed a big bearish marubozu candle. It is trading at $17.880 per ounce. Momentum remains downward.

Agriculture (DBA) ETF closed at 20.13 below its 8 EMA and 21 EMA. Momentum remains downward.

Commodities (DBC) ETF closed at 15.10 with a small bearish candle above its moving averages.

Bonds
High Yield bond ETF (HYG) closed at 86.67 and formed a bearish candle. It closed below its 8 EMA and above its 21 EMA. Momentum remains upward.

Bonds ETF (TLT) closed at 135.21 and formed a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward.

Currencies
The dollar index is at 96.065 and is in a daily squeeze. Momentum is upward.

EUR/USD is trading at 1.12086 and is in a daily Squeeze. Momentum is sideways.

USD/JPY is trading at 102.809 and formed a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upward.

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

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

Market Internals
Vix closed at 13.63. Vix futures is at 15.50 and has formed a Squeeze. Skew is at 119.67. Market sentiment is bullish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The market continues to be news-driven and that means it will remain volatile. Gold has started its plunge. We will have to see how the high yield bond acts as it will be a good indication of where this market could be going. The prognosis is for more volatility.

Stock of the Day
The Stock of the Day is HSBC. HSBC is in the banking and financial services comppany. It manages its products and services through approximately four businesses such as Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets and Global Private Banking.

 

To YOUR wealth!

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