Bursa KLCI

21 April 2017 – A sideways market with distribution


Indices (Weekly chart)
Dow Transportation closed at 9133.81 with a bullish candle above its 21 EMA. Weekly trading range was 280.98. Weekly momentum is neutral. BuySellTimer remains in its negative cycle. It is in a Squeeze.

Dow Industrial closed at 20547.76 with a spinning top doji candle above its 8 EMA. Weekly trading range was 264.86. Weekly momentum is sideways. BuySellTimer is in negative cycle.

Russell 2000 closed at 1379.8541 with a bullish marubozu candle above its 21 EMA and 8 EMA. Weekly trading range was 39.2215. Momentum is upward. BuySellTimer is in positive cycle. It is in a Squeeze.

Nasdaq 100 closed at 5442.0489 with a bullish marubozu candle above its moving averages. Weekly trading range was 88.2924. Momentum remains upward. BuySellTimer is in its positive cycle.

S&P 500 closed at 2348.69 with an inverted hammer candle above its moving averages. Weekly trading range was 28.8599. Momentum is upward. BuySellTimer remains on its positive cycle.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $49.63 per barrel with a bearish marubozu candle below its 21 EMA. Weekly trading range was $4.0999. Momentum is bearish. BuySellTimer is in a negative cycle.

Gold futures (GC) closed at 1286.0 with a spinnig top doji candle above its 21 EMA. Weekly trading range was 22. Momentum is upward. BuySellTimer is in a positive cycle.

Silver futures closed at 17.905 with a big bearish candle above its 21 EMA and on its 50 SMA. Weekly trading range was 0.87. Weekly momentum is upward. BuySellTimer is in its positive cycle.

Agriculture (DBA) ETF closed at 19.29 with a bearish candle below its moving averages. Weekly trading range was 0.5499. Momentum is downward. BuySellTimer is in negative cycle.

Commodities (DBC) ETF closed at 14.98 with a bearish marubozu candle below its 21 EMA and 50 SMA. Weekly trading range was 0.68. Momentum is downward. BuySellTimer is in its negative cycle.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’00 with a doji candle above its 21 EMA. Weekly trading range was 2.1875. Momentum is upward. BuySellTimer is in its positive cycle.

High Yield bond ETF (HYG) closed at 87.60 with a small doji candle above its 21 EMA. Weekly trading range was 0.4799. BuySellTimer is in positive cycle.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 99.745 with a bearish marubozu candle below its 21 EMA. Weekly trading range is 1.096. Momentum is downward. It is in a Squeeze.

EUR/USD closed at 1.0729 with a bullish candle above its 21 EMA. Weekly trading range was 0.0174. Momentum is downward. It is in a Squeeze.

USD/JPY closed at 109.06 with a spinning top doji candle below its 21 EMA and 200 SMA. Weekly trading range was 1.3539. Weekly momentum is downward.

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

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

Market Internals
Vix closed at 14.63. Vix futures is at 14.325. Skew is at 148.42. Market sentiment is bearish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
On the weekly chart, the indices are trending sideways. Market internals continue to show some strength but there are distribution happening. SKEW is elevated again at 148.42. VIX and VIX futures are showing some fear but not pricing in future volatilities.

Penny Stocks of the Day
CDTI, STV, TRCH and XXII.

 

To YOUR wealth!

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