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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)

2 November 2016 – S&P 500 dropped for 7th session

The S&P 500 dropped for the seventh session and if history is any guide, the incumbent party going into the US Presidential election will not win the presidency. The indices continued their sell-off and the S&P 500 closed below 2100 and the Dow Industrial closed below 18000 level. FOMC kept rates unchanged as expected going into the Presidential election.

Oil futures continued its sharp sell-off and dropped to below $46 per barrel. Gold and Silver surged as it exited its volatility Squeeze.

The US dollar index continued its pullback and is beginning to show a bearish bias. It is trading below its 21 EMA.

Bond futures made slight gain and is trading below its 21 EMA but on its 8 EMA.

Volatility has increased and the Vix is at 19.32.

Dow Transportation range traded throughout the day and closed with an inverted hammer candle. Momentum is sideways. Volumetric buying pressure is at 20.2%. The index is in a daily and monthly Squeeze.

Dow Industrial range traded and closed with a bearish spinning top doji candle below its 18000 level. Momentum remains downward. Short term volumetric buying pressure is at 0.7%. The index is in a daily and monthly Squeeze.

Russell 2000 continued its sharp downtrend and closed with a bearish marubozu candle. Momentum remains downward. Volumetric buying pressure is at 0%.

Nasdaq 100 came under selling pressure and traded downward. It was volatile in the afternoon session and closed with a bearish ‘rolling pin’ candle. Momentum is downward in a sharp downtrend. Volumetric buying pressure is at 0.4%. The index is in a daily and monthly Squeeze.

S&P 500 traded downward throughout the day and closed at 2097.94 with a big bearish candle below its moving averages. Momentum is downward and in a sharp downtrend. Volumetric buying pressure is at 0.2%. The index is in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil continued its downtrend and painted a bearish candle below its moving averages. It is trading at $45.69 per barrel.

Gold futures is trading at $1297.8 per ounce and has exited its daily Squeeze upward. It is now trading below its 50 SMA.

Silver futures is trading at $18.560 per ounce and has exited its daily Squeeze upward. It is now trading above its 8 EMA and 21 EMA and sitting on its 50 SMA.

Agriculture (DBA) ETF bounced off its 50 SMA and closed at 20.46 on its 8 EMA.

Commodities (DBC) ETF gapped down and had a huge spike down but this could be some kind of erroneous data artefact. It closed with a bearish candle below its 50 SMA at 14.85 below its 50 SMA.

Bonds
Bond futures (ZB) made small gain for the day and closed at 163’02 on its 8 EMA. It is still in a daily downtrend.

High Yield bond ETF (HYG) continued in its sharp downtrend and is the leading indicator of the market direction. It closed at 84.92 below all its moving averages.

Bonds ETF (TLT) gapped up and closed with a small spinning top doji candle on its 8 EMA at 131.58. Daily momentum remains downward.

Currencies
The dollar index pulled back and painted a big bearish marubozu candle and closed below its 21 EMA. It is at 97.415.

EUR/USD closed with a big bullish candle above its moving averages at 1.10958. It is in a short term uptrend.

USD/JPY pulled back to below its 21 EMA and is trading at 103.274.

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

On a monthly lookback, the relative strength order of the ETFs that are underperforming the S&P 500 are XLV, XLE, XLY, XLU and XLB respectively.

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

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

Market Internals
Vix closed at 19.32. Vix futures is at 18.58 which means it is not pricing in future volatility. Skew is at 126.15. Market sentiment is bearish. Market breadth is sloping downward showing nett losers to gainers. Volumetric accumulation/distribution is sloping sharply downward showing heavy distribution.

The Week Ahead
The market internals show pessimism and downside hedging. There are heavy selling as investors have become risk averse. The prognosis is for more volatility and selling pressure in the market.
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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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