Bursa KLCI

25 July 2017 – All time high in the S&P 500

Dow Transportation closed at 9489.48 with a inverted hammer candle below its 21 EMA. Daily trading range was 71.9899. Momentum is downwards. Volumetric buying pressure is at 0%. BuySellTimer is in a negative cycle.

Dow Industrial gapped up and closed at 21613.43 with a spinning top doji candle above its 21 EMA. Daily trading range was 93.25. Momentum is upwards. Volumetric buying pressure is at 78.5%. BuySellTimer is in positive cycle.

Russell 2000 gapped up and closed at 1450.3865 with a bullish candle above its moving averages. Daily trading range was 13.2283. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle. The index is in a Squeeze.

Nasdaq 100 closed at 5930.6456 with a small doji candle above its moving averages. Daily trading range was 28.7714. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

S&P 500 gapped up and closed at 2477.13 with a spinning top doji candle above its moving averages. Daily trading range was 6.3299. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

Metals and Commodities
WTI Crude oil futures closed at $48.42 with a bullish marubozu candle above its 21 EMA and 50 SMA but below its 200 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.

Gold futures closed at $1249.7 with a bearish candle above its 21 EMA. Momentum is upwards. BuySellTimer is in a positive cycle.

Agriculture (DBA) ETF gapped down and closed at 19.54 with a bearish marubozu candle below its 21 EMA, 50 SMA and 200 SMA. Momentum is sideways. BuySellTimer is in a negative cycle.

Commodities (DBC) ETF closed at 14.64 with a small candle above its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.

 

Bonds
Bond futures (ZB) closed with a bearish marubozu candle below its 21 EMA, 50 SMA and 200 SMA. It is trading at 152’14. Momentum is sideways. BuySellTimer is in a negative cycle.

High Yield bond ETF (HYG) closed at 88.84 with a spinning top doji candle above its moving averages. Momentum is upwards. BuySellTimer is in a positive cycle.

 

Currencies
$DXY closed with a high closing doji candle below its 21 EMA and 50 SMA. It is trading at 94.152. Momentum is downward.

EUR/USD closed with a low closing doji candle above its moving averages. It is trading at 1.1637. Momentum is upward.

USD/JPY closed with a bullish candle below its moving averages. Momentum is downwards. It is trading at 112.07.

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

Market Internals
Vix closed at 9.43. Vix futures is at 11.20. Skew is at 135.61. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution has flattened.

The Week Ahead
The market continues to grind upwards with the S&P 500 making all-time high. Vix and Vix futures are rather low indicating the lack of fear in the market. The market internals continue to indicate strength in the market. The prognosis is for continued grind upwards for the indices.

Penny Stocks Breaking Upwards!
CLNE, UMC, IDRA and SVU.

 

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>