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)

12 December 2016 – Surge of new highs continues

Dow Jones Industrial and S&P 500 continued to hit new all-time high. The news of the day was the spike in oil futures as OPEC reached an agreement to cut back on oil production. WTI oil futures hit a high of 54.51 before pulling back. Oil sectors stocks performed well. Gold and Silver is still in its downtrend.

Dollar index pulled back while the market is expecting the FOMC to announce a rate increase. Transport stocks such as airlines fall as the oil spike upward.

Bonds traded sideways. No major economic data today.

Dow Transportation probed for the top before selling down throughout the day. It closed at 9322.64 with a small bearish candle above its moving averages. Momentum remains upward. Volumetric buying pressure is at 70.8%. The index is in a monthly Squeeze.

Dow Industrial touched a new high of 19824.59 in the first hour of trading and then range traded throughout the day. It closed at 19796.43 with a small doji candle above its moving averages. Momentum remains upward. Short term volumetric buying pressure is at 98.9%. The index is still in a monthly Squeeze.

Russell 2000 probed for the top and then sold down and closed at 1373.1421 with a bearish candle. Momentum is upward. Volumetric buying pressure is at 71.8%.

Nasdaq 100 probed for the top in the first hour of trading before pulling back. It closed at 4874.2975 with a doji candle above its moving averages. Momentum has reversed upward. Volumetric buying pressure is at 85.9%. The index is in a weekly and monthly Squeeze.

S&P 500 touched new all-time high of 2264.03 before selling off. It closed at 2256.96 with a doji candle above its moving averages. Momentum is upward. Volumetric buying pressure is at 86.5%. The index is in a monthly Squeeze.

Metals and Commodities
WTI Crude oil futures gapped up and touched a high of $54.51 but pulled back during trading in normal trading hours. It had a daily close of a low closing doji candle.

Gold futures continue to trade downwards and is trading at $1164.8 per ounce. Momentum remains downward.

Silver futures traded slightly upward and is trading at $17.190 per ounce. It is in a Squeeze.

Agriculture (DBA) ETF traded upward and closed at 20.10 with a bullish candle above its 21 EMA.

Commodities (DBC) ETF gapped up and sold down to close at 15.70 with a bearish candle above its 8 EMA.

Bonds
Bond futures (ZB) traded downward and continued on its downtrend. It closed at 148’26.

High Yield bond ETF (HYG) gapped up and then sold down. It closed at 86.37 above its moving averages.

Bonds ETF (TLT) made slight gain and closed at 117.72. Momentum is downward.

The yield on the 10-year Treasury rose 3 bps to 2.5% ahead to the FOMC meeting. Bonds moved with inflation expectations alongside the jump in oil. Three-year auction drew a yield of 1.45% with bid-to-cover at 2.65.

Currencies
The dollar index pulled back and is trading at 100.920 above its moving averages. It is in a Squeeze.

EUR/USD had a bullish daily close. It is trading at 1.06305 below its moving averages and is now in a Squeeze.

USD/JPY pulled back slightly and is trading at 115.190 above its moving averages.

The FOMC is expected to announce a rate rise this coming Wednesday and that is affecting the market including the currency market.

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

Energy stocks soared after oil futures gapped up above $54 per barrel. XOM and CVX performed well today. COP was upgraded to outperform.

Market Internals
Vix closed at 12.64. Vix futures is at 13.43. Skew is at 123.28. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The market internals continue to show strength. Market sentiment is bullish. The market looks ready to pullback on profit taking if the FED announce a rate rise. The prognosis is for the market to pause and pull back before carrying on higher.

Stock of the Day
The Stock of the Day is MITK. Mitek Systems, Inc. develops, markets and sells mobile capture and identity verification software solutions for enterprise customers.

 

To YOUR wealth!

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


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