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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)

27 October 2016 – Earnings season volatility continues

The volatility continues as can be expected during earnings season. The major indices of Russell 2000, Nasdaq and S&P 500 pulled back while the Dow Transportation made gains. The Dow Industrial traded indecisively and sideways for the last five days.

The dollar index continued its sharp rise and that put pressure on the equity market. With the FED and expectation of interest rate hike in December, bonds continued its descend and yields continue to improve.

Stocks leveraged to interest rates were active today as those that benefit from a low rate environment such as REITs, Utilities, Telecom, Housing and precious metals came under pressure as bond yields surge to highs. Banks are the beneficiary of the expected rate hike and continue to see strength.

All eyes on internet giants tonight with AMZN and GOOGL set to report and energy giants CVX and XOM tomorrow morning

Dow Transportation pulled back on market open till mid-morning. It recovered and traded upward for the rest of the day and closed with a bullish hammer candle on its 21 EMA. Momentum is now neutral. Volumetric buying pressure is at 36%. The index is in a daily and monthly Squeeze.

Dow Industrial range traded throughout the day. It closed with a small bearish candle straddling its moving averages. Momentum remains downward. Short term volumetric buying pressure is at 70.2%. The index is in a daily and monthly Squeeze.

Russell 2000 sold off on market open and closed with a big bearish candle below its moving averages in a sharp downtrend. Momentum remains downward. Volumetric buying pressure is at 0%.

Nasdaq 100 gapped up on market open but sold off till mid-morning. It range traded throughout most of the day with a last hour pullback to close with a bearish candle below its 21 EMA but above its 50 SMA. Momentum remains upward. Volumetric buying pressure is at 50.2%. The index is in a daily and monthly Squeeze.

S&P 500 gapped up on market open and traded down till mid-morning. It range-traded throughout the day and closed with a bearish marubozu candle below its moving averages. Momentum is downward. Volumetric buying pressure is at 33.1%. The index is in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil traded in narrow range and painted a small doji candle on its 21 EMA. It is trading at $49.67 per barrel.

Gold futures range traded and is trading at $1270.6 per ounce. It found support on its 200 SMA. Momentum is downward.

Silver futures is trading at $17.635 per ounce and is supported on its 8 EMA.

Agriculture (DBA) ETF continues its surge upward and closed at 20.70 with a spinning top doji candle above its 8 EMA and 21 EMA but below its 200 SMA.

Commodities (DBC) ETF pulled back from its uptrend and closed at 15.26 on its 8 EMA. The uptrend continues.

Bonds
Bond futures (ZB) traded sideways at 162’11. It is below its moving averages. The downtrend continues.

High Yield bond ETF (HYG) pulled back to its 50 SMA at 86.70. It is now in a downtrend.

Bonds ETF (TLT) gapped down and closed at 130.74 with a hammer candle below all its moving averages. Momentum remains downward.

Currencies
The dollar index is at 98.900 and above its moving averages in a sharp uptrend.

EUR/USD traded upward and is trading at 1.08981. The downtrend continues.

USD/JPY continued its uptrend and is trading at 105.218.

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

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

Market Internals
Vix closed at 15.36. Vix futures is at 16.00 and is in a Squeeze. Skew is at 122.35. Market sentiment is bullish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
Earnings season is always a period of increased volatility and today was no exception. The indices did not move together and responded to its own buying and selling pressure. S&P 500 continue to come under selling pressure. The prognosis is that the market continues to be under selling pressure.
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Stock of the Day
The Stock of the Day is FSLR. First Solar is a provider of photovoltaic (PV) solar energy solutions. The company designs, manufactures and sells PV solar modules with thin-film semiconductor technology and also develops, designs, constructs and sells PV solar power solutions.

 

To YOUR wealth!

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