Bursa KLCI

20 July 2017 – Will Transportation leads the market down?

Dow Transportation closed at 9483.09 with a bearish candle below its 21 EMA. Daily trading range was 113.68. Momentum is sideways. Volumetric buying pressure is at 0%. BuySellTimer is in a negative cycle.

Dow Industrial closed at 21611.78 with a bearish candle above its moving averages. Daily trading range was 84.95. Momentum is upwards. Volumetric buying pressure is at 93.6%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1442.3544 with a doji candle above its moving averages. Daily trading range was 6.0969. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle. The index is in a Squeeze.

Nasdaq 100 gapped up and closed at 5921.2232 with a spinning top doji candle above its moving averages. Daily trading range was 36.0014. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2474.45 with a spinning top doji candle above its moving averages. Daily trading range was 9.19. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

Metals and Commodities
WTI Crude oil futures closed at $46.93 with a bearish candle above its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.

Gold futures closed at $1243.9 with a bullish candle above its 21 EMA. Momentum is sideways. BuySellTimer is in a positive cycle.

Agriculture (DBA) ETF closed at 20.25 with a small candle above its 21 EMA and 200 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.

Commodities (DBC) ETF gapped up and closed at 14.65 with a bearish candle above its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.

 

Bonds
Bond futures (ZB) closed with a bullish candle above its 21 EMA, 50 SMA and 200 SMA. It is trading at 154’05. Momentum is upwards. BuySellTimer is in a positive cycle.

High Yield bond ETF (HYG) closed at 88.80 with a small bullish candle above its moving averages. Momentum is upwards. BuySellTimer is in a positive cycle.

 

Currencies
$DXY closed with a bearish candle below its 21 EMA and 50 SMA. It is trading at 94.331. Momentum is downward.

EUR/USD closed with a big bullish candle above its moving averages. It is trading at 1.1623. Momentum is upward.

USD/JPY closed with a big doji candle below its moving averages. Momentum is downwards. It is trading at 111.98.

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

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

Market Internals
Vix closed at 9.58. Vix futures is at 11.45. Skew is at 130.88. Market sentiment is rather bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
Vix and Vix futures continue to be low. Market internals continue to be strong. Dow Transportation continues to trend downwards which could be a sector rotation. Russell 2000 continues to trade at its upwards. The prognosis is for continuing strength in the market.

Penny Stocks Breaking Upwards!
UMC and LYG.

 

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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