Bursa KLCI

10 August 2017 – Market heads South

Dow Transportation sold off and closed at 9119.74 with a bearish marubozu candle below its moving averages. Daily trading range was 99.6. Momentum is downwards. Volumetric buy/sell pressure is at 38.5%. BuySellTimer is in a negative cycle.

Dow Industrial gapped down, sold off and closed at 21844.01 with a bearish marubozu candle on its 21 EMA. Daily trading range was 144.2. Momentum is sideways. Volumetric buy/sell pressure is at 81.6%. BuySellTimer is in negative cycle.

Russell 2000 sold off and closed at 1372.5438 with a big bearish marubozu candle below its moving averages. Daily trading range was 24. Momentum is downwards. Volumetric buy/sell pressure is at 0%. BuySellTimer is in a negative cycle.

Nasdaq 100 sold off and closed at 5788.1925 with a bearish marubozu candle below its moving averages. Daily trading range was 103.9. Momentum is sideways. Volumetric Buy/Sell pressure is at 67.1%. BuySellTimer is in a negative cycle.

S&P 500 sold off and closed at 2438.21 with a big bearish marubozu candle below its moving averages. Daily trading range was 27.6. Momentum is sideways. Volumetric buying pressure is at 66%. BuySellTimer is in a negative cycle.

Metals and Commodities
WTI Crude oil futures closed at $48.51 with a bearish candle above its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle.

Gold futures closed at $1292.1 with a bullish candle above its moving averages. Momentum is upwards. BuySellTimer is in a positive cycle.

Agriculture (DBA) ETF sold off and closed at 19.09 with a big bearish marubozu candle below its moving averages. Momentum is downwards. BuySellTimer is in a negative cycle.

Commodities (DBC) ETF gapped up, sold off and closed at 14.73 with a big bearish marubozu candle on its 21 EMA. Momentum is sideways. BuySellTimer is in a negative cycle.

 

Bonds
Bond futures (ZB) closed at 155’17 with a bullish marubozu candle above its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.

High Yield bond ETF (HYG) gapped down, sold off and closed at 87.18 with a big bearish candle below its 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle.

 

Currencies
$DXY closed at 93.415 with a doji candle below its 21 EMA and 50 SMA. Momentum is downwards.

EUR/USD closed at 1.1758 with a high closing spinning top doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways.

USD/JPY closed at 109.18 with a big bearish marubozu candle below its moving averages. Momentum is downwards.

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

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

Market Internals
Vix closed at 16.04. Vix futures is at 15.65. Skew is at 136.48. Market sentiment is bearish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping downwards.

The Week Ahead
Market internals is showing weakness. Vix has spiked upwards above 16 and Vix futures is above 15 and below the Vix. This inversion is showing that the market is expecting the market pullback will be a short duration. The prognosis is for the indices to continue selling off for a short while.

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ACHN, BIOS, GGB, GRPN, INAP, MBRX, PDLI, SAND and XXII.

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