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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)

16 Nov 2016 – Nasdaq plays catch-up

U.S. equities once again ended mixed as the Dow Industrials snapped its 7-day win streak, but the and Russell 2000 Index each extended its winning streak to 9-days (barely), amid a pullback in financials after recent outperformance on rising rate expectations, while the tech heavy NASDAQ plays catch-up, outperforming amid gains in beaten up Internet names. Energy names were mixed given volatility in oil prices (ended lower), while retailers were active on earnings, as Target (TGT) helps group on beat and raise quarter, while Lowe’s (LOW) slides on miss and lowered guidance (LB reports tonight, WMT and BBY tomorrow). Economic data showed a surprising miss in the PPI inflation report which effected bonds and currencies. Overall, most S&P sectors finished lower in what was a relatively quiet session.

Dow Transportation probed for top on market open and proceeded to sell-off till midday. It pulled back till the end of the day and closed with a small bearish candle above its moving averages.. Momentum is upwards. Volumetric buying pressure is at 95.5%. The index is in a monthly Squeeze.

Dow Industrial dropped on market open and traded downward till midday. It stage a slight rebound till the end of the day and closed with small bearish candle above its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 95.4%. The index is still in a monthly Squeeze.

Russell 2000 probed for the bottom of the day in the first half hour after market open. It surged upward till mid-morning and then range traded for the rest of the day and closed with a small doji candle above its moving averages. Momentum is upward and in a sharp uptrend. Volumetric buying pressure is at 100%.

Nasdaq 100 surged upward on market open and continued trading upward till the end of the day. It closed with a bullish marubozu candle above its 21 EMA. Momentum is sideways. Volumetric buying pressure is at 88.1%. The index is in a monthly Squeeze.

S&P 500 range traded throughout the day and closed with a small doji candle above all its moving averages. Volumetric buying pressure is at 90.9%. The index is in a weekly and monthly Squeeze.

Metals and Commodities
WTI Crude oil futures launched itself upward from its 200 SMA and painted a big bullish candle. It ended the trading day at 45.59 below its 21 EMA and was above $46 per barrel intraday.

Gold futures stabilised and is trading 1230.6. Momentum remains downward.

Silver futures stabilised and bounced from its recent low and is trading below its 200 SMA at $17.175 per ounce.

Agriculture (DBA) ETF traded sideways and closed with a doji candle at 20.05.

Commodities (DBC) ETF gapped up and closed with a big bullish marubozu candle above its 8 EMA at 14.70.

Bonds
Bond futures (ZB) stabilised and traded sideways and closed with a small inverted hammer candle below its 200 SMA at 154’23. Momentum remains downward.

High Yield bond ETF (HYG) gapped up and closed with a big bullish marubozu candle above its 8 EMA but below its 21 EMA.

Bonds ETF (TLT) traded sideways and closed with a small bearish candle below its moving averages at 121.91. It remains in a downtrend.

Currencies
The dollar index continued its sharp uptrend is has breached its 100 level. It closed with a bullish candle and is trading at 99.985.

EUR/USD formed a big inverted hammer candle in oversold condition which is a reversal candle. It is trading at 1.07498.

USD/JPY formed a big bullish candle above all its moving averages in a sharp uptrend. It is trading at 109.038.

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

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

Market Internals
Vix closed at 13.38. Vix futures is at 15.40. Skew is at 119.79. Market sentiment is very bullish. Market breadth has a slight slope upward. Volumetric accumulation/distribution is sloping sharply upward.

The Week Ahead
The major indices have been breaking to new highs and that is a very bullish sign. The banking stocks and commodities stocks are doing rather well in anticipation of the repealing of the Dodd-Frank Act and also the interest rate hikes. Other factors are the anticipation of the infrastructure constructions in the US. The prognosis is to long those sectors.

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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