Bursa KLCI

8 June – The uptrend continues

Dow Transportation closed at 9332.14 with a doji candle above its moving averages. Daily trading range was 71.0699. Momentum is upwards. Volumetric buying pressure is at 93.3%. BuySellTimer is in a positive cycle.

Dow Industrial closed at 21182.53 with a big spinning top doji candle above its 21 EMA and 50 SMA. Daily trading range was 127.5299. Momentum is upward. Volumetric buying pressure is at 83.6%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1415.6122 with a big bullish candle above its 21 EMA and 50 SMA. Daily trading range was 24.625. Momentum is upwards. Volumetric buying pressure is at 91%. BuySellTimer is in a positive cycle.

Nasdaq 100 closed at 5885.296 with a hammer candle above its moving averages. Daily trading range was 42.5225. Momentum is upwards. Volumetric buying pressure is at 99.9%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2433.79 with a spinning top doji candle above its moving averages. Daily trading range was 11.3299. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

Metals and Commodities
WTI Crude oil futures closed at $45.71 with a bearish doji candle below its 21 EMA. Momentum is downward. BuySellTimer is in a negative cycle.

Gold futures closed at $1280.7 with a bearish candle above its 21 EMA and 50 SMA. Momentum is upward. BuySellTimer is in a positive cycle.

Silver futures closed at $17.330 per ounce with a bearish candle on its 21 EMA. Momentum is upwards. BuySellTimer is in a positive cycle.

Agriculture (DBA) ETF closed at 20.07 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 doji 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 154’11. Momentum is upward. BuySellTimer is in a negative cycle.

High Yield bond ETF (HYG) closed at 88.18 with a bearish candle below its 21 EMA. Momentum is downward. BuySellTimer is in a negative cycle.

 

Currencies
$DXY closed with a bullish candle below its moving averages. It is trading at 97.294. Momentum is sharply downward.

EUR/USD closed with a bearish candle above its 21 EMA and 50 SMA. It is trading at 1.1194. Momentum is upward.

USD/JPY closed with a spinning top doji candle below its 21 EMA, 50 SMA and 200 SMA. Momentum is downward. It is trading at 110.30.

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

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

Market Internals
Vix closed at 10.16. Vix futures is at 11.63. Skew is at 127.09. Market sentiment is bullish. Market breadth has flattened. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
The Vix and Vix futures continue to remain low. The market continues to trend sideways. Market internals continue to remain strong. The oil market continues its downward trend. The prognosis is for further sideways market.

Penny Stocks Breaking Upwards!
BIOS.

 

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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