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)

1 December 2016 – Sell-off in Nasdaq

The technology sector continued to sell-off and is leading the market downward. The Trump rally is the Christmas rally come early. The Fed is due for their meeting and it looks like we are due for a rate hike this Christmas. Energy and financial stocks did well. The WTI crude futures is now trading above $50 per barrel. Bonds continue to sell off as yields continue to improve. The tech heavy Nasdaq dropped over -1.5% as there appears to be a rotation out of tech into energy and financial sectors. Semiconductor stocks were hardest hit in tech. FANG stocks have been sold down. In the industrial sector which has been doing relatively well, the autos doing well with GM touching a 52-week high. Markets will be watching the nonfarm monthly payroll data on Friday but expectations remain for the Fed to raise rates at its meeting in 2 weeks.

Dow Transportation shot upward on market open till late morning before pulling back slightly. It closed with a small bullish marubozu candle above all its moving averages. Momentum remains upward. Volumetric buying pressure is at 93.1%. The index is in a monthly Squeeze.

Dow Industrial traded upward till midday and then range traded for the rest of the day. It closed with a small bullish candle above all its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 99.8%. The index is still in a monthly Squeeze.

Russell 2000 traded upward in the first half hour before selling off. It traded downward throughout the day and closed with a bearish candle below its 8 EMA. Momentum is upward. Volumetric buying pressure is at 80.8%.

Nasdaq 100 sold off on market open and continued trading downward throughout the day. It closed with a big bearish candle below its 50 SMA. Momentum has reversed downward. Volumetric buying pressure is at 68.6%. The index is in a weekly and monthly Squeeze.

S&P 500 traded sideways in the first hour before selling off throughout the day. It closed with a bearish candle below its 50 SMA. Momentum is upward. Volumetric buying pressure is at 71.5%. The index is in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures continued to make big gains and is trading at $50.89 per barrel. It is trading above all its moving averages.

Gold futures continued its downtrend and is trading at $1175.3 per ounce.

Silver futures traded sideways and is trading at $16.635 per ounce.

Agriculture (DBA) ETF traded down and closed with a big bearish candle below its moving averages. It is trading at 19.72

Commodities (DBC) ETF gapped up and closed with a bullish marubozu candle at 15.21.

Bonds
Bond futures (ZB) continued its downtrend and is trading at 149’16.

High Yield bond ETF (HYG) gapped down and sold off and closed with a bearish marubozu candle at 84.87.

Bonds ETF (TLT) gapped down and traded indecisively and closed with a doji candle at 118.73 below its moving averages. Momentum is downward.

Currencies
The dollar index pulled back below its 8 EMA and is trading at 100.920.

EUR/USD traded up to above its 8 EMA and is at 1.06726.

USD/JPY pulled back and is still trading above its 8 EMA at 114.01. It is in a sharp uptrend.

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, XLB and XLY respectively.

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

Market Internals
Vix closed at 14.07. Vix futures is at 15.10. Skew is at 128.37. Market sentiment remains bullish. Market breadth has flattened. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
The market internals are weakening. The Nasdaq which had been leading the market down is now just that. The prognosis is for the market to weaken furthermore selling pressure and we could see more sideways market.

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!

Would you like to learn to trade? Drop us an email at jefftohch@gmail.com or call +6010 4343 948.


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