Bursa KLCI

12 July 2017 – It exploded upwards!

Dow Transportation closed at 9716.32 with a bullish marubozu candle above its moving averages. Daily trading range was 80.6. Momentum is upwards. Volumetric buying pressure is at 85.6%. BuySellTimer is in a positive cycle.

Dow Industrial gapped up and closed at 21532.14 with a bullish inverted hammer candle above its moving averages. Daily trading range was 112.86. Momentum is upwards. Volumetric buying pressure is at 33.4%. BuySellTimer is in positive cycle.

Russell 2000 gapped up and closed at 1424.3207 with a bullish candle above its moving averages. Daily trading range was 16.9998. Momentum is upwards. Volumetric buying pressure is at 85.4%. BuySellTimer is in a positive cycle.

Nasdaq 100 gapped up and closed at 5778.9503 with a bullish candle above its moving averages. Daily trading range was 35.354. Momentum is sideways. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

S&P 500 gapped up and closed at 2443.25 with a bullish marubozu candle above its moving averages. Daily trading range was 10.01. Momentum is upwards. Volumetric buying pressure is at 63.5%. BuySellTimer is in a positive cycle.

Metals and Commodities
WTI Crude oil futures closed at $45.46 with a bearish candle above its 21 EMA. Momentum is sideways. BuySellTimer is in a positive cycle.

Gold futures closed at $1219.7 with a bullish candle below its 21 EMA, 50 and 200 SMA. Momentum is downward. BuySellTimer is in a negative cycle.

Agriculture (DBA) ETF closed at 20.11 with a doji candle above its moving averages. Momentum is upwards. BuySellTimer is in a positive cycle.

Commodities (DBC) ETF closed at 14.38 with a bearish candle above its 21 EMA. Momentum is sideways. BuySellTimer is in a positive cycle.

 

Bonds
Bond futures (ZB) closed with a bullish candle below its 21 EMA, 50 SMA and 200 SMA. It is trading at 152’30. Momentum is downwards. BuySellTimer is in a negative cycle.

High Yield bond ETF (HYG) gapped up and closed at 88.21 with a bullish marubozu candle above its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle.

 

Currencies
$DXY closed with a doji candle below its 21 EMA and 50 SMA. It is trading at 95.721. Momentum is downward.

EUR/USD closed with a bearish candle above its 21 EMA. It is trading at 1.1425. Momentum is upward.

USD/JPY closed with a big bearish candle above its 21 EMA. Momentum is upward. It is trading at 113.39.

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

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

Market Internals
Vix closed at 10.30. Vix futures is at 11.50. Skew is at 134.95. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The big indecision from the previous has been answered. The market exploded upwards and that is the short term direction for this market.

Penny Stocks Breaking Upwards!
CLNE, GGB and SID.

 

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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