Bursa KLCI

1 June 2017 – A big day for the bulls

Dow Transportation closed at 9277.44 with a big bullish candle above its 21 EMA and 50 SMA. Daily trading range was 112.4899. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

Dow Industrial closed at 21144.18 with a big bullish marubozu candle above its 21 EMA and 50 SMA. Daily trading range was 149.9599. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1396.0597 with a huge bullish marubozu candle above its 21 EMA and 50 SMA. Daily trading range was 25.8658. Momentum is sideways. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

Nasdaq 100 touched new high at 5816.6 and closed at 5816.51 with a bullish candle above its moving averages. Daily trading range was 36.7096. Momentum is sideways. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

S&P 500 touched new high at 2430.06 and closed at 2430.06 with a big bullish candle above its moving averages. Daily trading range was 16.5199. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

Metals and Commodities
WTI Crude oil futures closed at $48.03 with a bearish candle below its 21 EMA. Momentum is downward. BuySellTimer is in a negative cycle.

Gold futures closed at $1268.2 with a bearish candle above its 21 EMA and 50 SMA. Momentum is upward. BuySellTimer is in a positive cycle.

Silver futures closed at $17.28 per ounce with a doji candle above its 21 EMA. Momentum is upwards. BuySellTimer is in a positive cycle.

Agriculture (DBA) ETF closed at 19.96 with a bullish candle on its 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle.

Commodities (DBC) ETF closed at 14.49 with a bearish candle below its 21 EMA. Momentum is downward. BuySellTimer is in a negative cycle.

 

Bonds
Bond futures (ZB) closed with a small bearish candle above its 21 EMA. It is trading at 153’15. Momentum is upward. BuySellTimer is in a positive cycle.

High Yield bond ETF (HYG) gapped down and closed at 88.53 with a bullish candle above its 21 EMA. Momentum is upward. BuySellTimer is in a negative cycle.

 

Currencies
$DXY closed with a bearish candle below its moving averages. It is trading at 97.200. Momentum is sharply downward.

EUR/USD closed with a bearish candle above its 21 EMA and 50 SMA. It is trading at 1.1216. Momentum is upward.

USD/JPY closed with a bullish candle below its 21 EMA and 50 SMA. Momentum is downward. It is trading at 111.63.

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

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

Market Internals
Vix closed at 9.89. Vix futures is at 11.62. Skew is at 124.55. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The Vix and Vix futures continue to remain low. The indices continue to break out to new highs. The prognosis is for continued strength in the market.

Penny Stocks Breaking Upwards!
LPTH.

 

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.


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>