Bursa Malaysia – KLSE

FRED

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)

7 November 2016 – Mother of Short Squeezes!!

We just saw the mother of short-squeezes in the indices when market opened with huge gap-up in the indices! The Dow Transportation had been diverging from the other indices and had been making gains while the rest of the other indices had been selling off.

The dollar index gapped up and reversed from its short downtrend. Gold pulled back and is trading below $1300 an ounce. The 30 year treasury bond futures continued its downtrend and high yield bond had a huge gap up and reversed from its downtrending channel.

All the volatility can be credited to the US Presidential election which is just a day away.

Dow Transportation gapped up and rocketed upward on market open and continued rallying upward throughout the day. It closed with a huge marubozu candle above its moving averages. Momentum is upwards. Volumetric buying pressure is at 36.7%. The index is in a daily, weekly and monthly Squeeze.

Dow Industrial gapped up and rocketed upward on market open. It continued rallying upward till the end of the day and closed with a huge marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is neutral. Short term volumetric buying pressure is at 34%. The index is in a daily, weekly and monthly Squeeze.

Russell 2000 shot upward on market open and continued trading upward till the end of the day. It closed with a bullish marubozu candle below its 21 EMA. Momentum remains downward. Volumetric buying pressure is at 16.1%.

Nasdaq 100 had a huge gap up on market open and continued surging upward till the end of the day. It closed with a bullish marubozu candle below its 21 EMA. Volumetric buying pressure is at 18.9%. The index is in a daily and monthly Squeeze.

S&P 500 had a huge gap up on market open and continued surging upward throughout the day. It closed with a huge marubozu candle above its 21 EMA and also painted a trend reversal candle pattern. Volumetric buying pressure is at 27.3%. The index is in a daily, weekly and monthly Squeeze.

Metals and Commodities
WTI Crude oil pulled back from its sharp sell-off and is trading at $44.87 per barrel.

Gold futures pulled back from its recent rising trend and is trading at $1282.2 per ounce below its 21 EMA.

Silver futures is trading at $18.215 per ounce and is trading sideways on its 21 EMA.

Agriculture (DBA) ETF traded sideways and closed on its 21 EMA at 20.39.

Commodities (DBC) ETF closed at 14.76 in sideways trading.

Bonds
Bond futures (ZB) traded sideways and is at 162’26 below its moving averages. It is in a daily downtrend.

High Yield bond ETF (HYG) had a big gap up and closed with a bullish marubozu candle just below its 21 EMA at 86.17.

Bonds ETF (TLT) gapped down and closed with a small spinning top doji candle at 130.62. Daily momentum remains downward.

Currencies
The dollar index gapped up and closed with a bullish candle above its 21 EMA in a trend reversal candle pattern.

EUR/USD closed with a bearish candle and was unable to break above its 50 SMA. It is trading at 1.10402 on its 21 EMA.

USD/JPY gapped up and painted a bullish marubozu candle above its 21 EMA. It is in a Squeeze.

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, XLV, XLE, XLI, 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, XLV, XLK, XLI and XLY respectively.

Market Internals
Vix closed at 18.71. Vix futures is at 16.47 which means it is not pricing in future volatility. Skew is at 134.91. Market sentiment remains bearish. Market breadth continues sloping downward showing nett losers to gainers. Volumetric accumulation/distribution is sloping upward showing heavy distribution.

The Week Ahead
Shorts were caught out when the cash on the sideline came back into the market and sent the indices upward. Short-squeezes happened when the market participants are heavily leaning on one side which was the short side in this case. For contrarians, that is a bullish signal. On the eve of the US Presidential election, our prognosis is for volatility for tomorrow’s trading.
.

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!

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>