Bursa KLCI

7 June 2017 – Market goes sideways

Dow Transportation closed at 9334.58 with a bullish candle above its moving averages. Daily trading range was 129.01. Momentum is upwards. Volumetric buying pressure is at 93.8%. BuySellTimer is in a positive cycle.

Dow Industrial closed at 21173.69 with a small doji candle above its 21 EMA and 50 SMA. Daily trading range was 76.53. Momentum is upward. Volumetric buying pressure is at 93%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1396.6737 with a spinning top doj candle above its 21 EMA and 50 SMA. Daily trading range was 8.2103. Momentum is upwards. Volumetric buying pressure is at 66.1%. BuySellTimer is in a positive cycle.

Nasdaq 100 closed at 5877.5895 with a spinning top doji candle above its moving averages. Daily trading range was 37.2287. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2433.14 with a spinning top doji candle above its moving averages. Daily trading range was 10.53. Momentum is upwards. Volumetric buying pressure is at 99.9%. BuySellTimer is in a positive cycle.

Metals and Commodities
WTI Crude oil futures closed at $45.94 with a big bearish candle below its 21 EMA. Momentum is downward. BuySellTimer is in a negative cycle.

Gold futures closed at $1288.1 with a bearish candle above its 21 EMA and 50 SMA. Momentum is upward. BuySellTimer is in a positive cycle.

Silver futures closed at $17.570 per ounce with a bearish candle above its 21 EMA. Momentum is upwards. BuySellTimer is in a positive cycle.

Agriculture (DBA) ETF closed at 20.03 with a bullish candle above its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.

Commodities (DBC) ETF closed at 14.24 with a big bearish candle below its 21 EMA. Momentum is downward. BuySellTimer is in a negative cycle.

 

Bonds
Bond futures (ZB) closed with a bearish candle above its 21 EMA. It is trading at 154’13. Momentum is upward. BuySellTimer is in a positive cycle.

High Yield bond ETF (HYG) closed at 88.18 with a bearish candle below 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 96.752. Momentum is sharply downward.

EUR/USD closed with a bearish candle above its 21 EMA and 50 SMA. It is trading at 1.1253. Momentum is upward.

USD/JPY closed with a bullish candle below its 21 EMA, 50 SMA and 200 SMA. Momentum is downward. It is trading at 109.86.

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

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

Market Internals
Vix closed at 10.39. Vix futures is at 11.90. Skew is at 125.98. Market sentiment is nearly neutral. Market breadth has flattened. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
The Vix and Vix futures continue to remain low. The market has trended sideways without and further catalyst to push it higher. Market internals continue to remain strong. The oil market continue its downward trend. The prognosis is for further sideways market.

Penny Stocks Breaking Upwards!
BIOS.

 

To YOUR wealth!

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