Bursa KLCI

28 August 2017 – Gold surges upwards!

Dow Transportation traded slightly upwards and closed at 9156.96 with a high closing spinning top doji candle above its 8 EMA and below its 21 EMA. Daily trading range was 58.03. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and slope upwards.

Dow Industrial traded sideways and closed at 21808.40 with a small doji candle on its flat 21 EMA. Daily trading range was 93.55. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and slope downwards.

Russell 2000 traded upwards to close at 1382.2295 with a small bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 5.4646. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and slope upwards.

Nasdaq 100 closed at 5838.0815 with a doji candle on its 8 EMA and below its 21 EMA. Daily trading range was 30.93. Momemtum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and slope upwards.

S&P 500 closed at 2444.24 with a bearish candle on its 8 EMA and below its 21 EMA. Daily trading range was 10.09. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and slope upwards.

Metals and Commodities
WTI Crude oil futures closed at $46.81 with a bearish candle below its 21 EMA and and on its 50 SMA. Momentum is downwards. TSI is in negative cycle and sloping downwards. BuySellTimer is in a negative cycle.

Gold futures surged upwards and closed at $1315.5 with a bullish marubozu candle above its moving averages. Momentum is upwards. TSI is in positive cycle and sloping upwards. BuySellTimer is in a positive cycle.

Agriculture ETF (DBA) closed at 18.78 with a bullish candle above its 8 EMA and below its 21 EMA. Momentum is sideways. TSI is in negative cycle and sloping upwards. BuySellTimer is in a positive cycle.

Commodities ETF (DBC) closed at 14.80 with a bearish candle above its 21 EMA. Momentum is sideways. TSI is in positive cycle and slope upwards. BuySellTimer is in a positive cycle.

 

Bonds
Bond futures (ZB) closed at 155’13 with a spinning top doji candle above its 21 EMA. Momentum is sideways. TSI is in positive cycle and negative slope. BuySellTimer is in a positive cycle.

High Yield bond ETF (HYG) traded upwards and closed at 88.23 with a small hammer candle above its moving averages. Momentum is sideways. TSI is in negative cycle and slope upwards. BuySellTimer is in a positive cycle.

 

Currencies
$DXY gapped down and closed at 92.218 with a bearish candle below its 21 EMA. Momentum is sideways. TSI is in negative cycle and slope downwards.

EUR/USD closed at 1.1977 with a bullish candle above its moving averages. Momentum is sideways. TSI is in positive cycle and slope upwards.

USD/JPY closed at 109.23 with a doji candle below its moving averages. Momentum is downwards. TSI is in negative cycle and slope downwards.

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

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

Market Internals
Vix closed at 11.32. Vix futures is at 13.65. Skew is at 128.32. Market sentiment is rather bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
Market internals are showing strength. Vix is below 12 and Vix futures is below 14 which is not showing near future volatility. The indices are showing indecisions and the prognosis is for a bullish bias.

Buy Penny Stocks!
ARWR, AUY, AVEO, FMCC, FNMA, FSNN, GFI, GLUU, GRPN, KGC, MGTI, MNKD, NAK, NXTD, PACB, PDLI, SAND, SFUN, SID, STNG, TGB, TNDM, VEON and WPRT.

 

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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