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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)

3 November 2016 – Selling pressure on indices

The indices continued lower as investors continue to cash out ahead of the US Presidential election. Biotech led the Nasdaq downward and Facebook guidance sent shares lower. The S&P 500 ended lower for the 8th consecutive session and the Vix continue to climb higher. Market climbed in early trading session on news that Brexit cannot occur without a vote by Parliament.

Oil futures plunged to below $45 per barrel. Gold and Silver but gold futures is trading above $1300 per ounce.

The US dollar index continued its pullback and has turned bearish. It is trading below its 21 EMA and next target is the 50 SMA.

Bond futures is trading sideways and the downtrend continues. Volatility has increased and the Vix is at 22.08.

Dow Transportation traded upward in the first half of the day but pulled back towards the end of the day. It closed with an inverted hammer candle above its 21 EMA. Momentum is upwards. Volumetric buying pressure is at 4.3%. The index is in a daily and monthly Squeeze.

Dow Industrial range traded in the morning and came under selling pressure. It traded downward till the end of the day and closed with a small bearish candle. Momentum remains downward. Short term volumetric buying pressure is at 0.6%. The index is in a daily and monthly Squeeze.

Russell 2000 continued its sharp sell-off and closed with a bearish marubozu candle below its moving averages. Momentum remains downward. Volumetric buying pressure is at 0%.

Nasdaq 100 traded slightly down till late morning before it succumbed to selling pressure. It closed with a bearish candle below its moving averages in a sharp downtrend. Volumetric buying pressure is at 0.1%. The index is in a daily and monthly Squeeze.

S&P 500 range traded till late morning before it succumbed to selling pressure. It closed with a bearish candle in a sharp downtrend. Momentum is downward. Volumetric buying pressure is at 0.2%. The index is in a daily and monthly Squeeze.

Metals and Commodities
WTI Crude oil continued its sharp sell-off and painted a bearish candle below its moving averages. It is trading at $44.78 per barrel.

Gold futures is trading at $1304.0 per ounce and is trading above its 50 SMA.

Silver futures is trading at $18.385 per ounce and found resistance at its 50 SMA. It is now trading above its 8 EMA and 21 EMA.

Agriculture (DBA) ETF traded sideways and closed above its 21 EMA at 20.42.

Commodities (DBC) ETF traded slightly down and closed at 14.80 with a small bearish candle below its moving averages.

Bonds
Bond futures (ZB) traded sideways and is at 162’27 below its moving averages. It is in a daily downtrend.

High Yield bond ETF (HYG) continued in its sharp downtrend and closed at 84.94 below all its moving averages.

Bonds ETF (TLT) gapped down and closed with a small spinning top doji candle at 130.57. Daily momentum remains downward.

Currencies
The dollar index continued its sharp pullback and closed below its moving averages. It is at 97.175.

EUR/USD closed with a spinning top doji candle and is unable to break above its 50 SMA. It is trading at 1.11049.

USD/JPY pulled back and found support on its 50 SMA. It is trading at 102.867.

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

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

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

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

Market Internals
Vix closed at 22.08. Vix futures is at 19.67 which means it is not pricing in future volatility. Skew is at 141.18. 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 shows heavy distribution and pessimism. There is a high level of hedging to the downside. The Vix and Vix futures are telling us that this is a spike in volatility and the market is expecting only a short term selling pressure. The prognosis is for more selling pressure heading into the US Presidential election.
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Stock of the Day
The Stock of the Day is TROX. Tronox is engaged in the production and marketing of titanium bearing mineral sands and titanium dioxide pigment.

 

To YOUR wealth!

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