Bursa KLCI

6 September 2017 – Waiting for directions

Dow Transportation closed at 9310.15 with bullish candle above its 21 EMA and below its 50 SMA. Daily trading range was 109.26. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.

Dow Industrial closed at 21807.64 with a doji candle below its 21 EMA and above its 50 SMA. Daily trading range was 55.17. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Russell 2000 closed with a small candle above its 8 EMA and 21 EMA but below its 50 SMA. Daily trading range was 6.75. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and slope upwards.

Nasdaq 100 closed at 5951.1259 with a doji candle above its moving averages. Daily trading range was 54.46. Momentum is upwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and slope upwards.

S&P 500 closed at 2465.54 with a doji candle on its above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.44. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. The index is in a Squeeze.

Metals and Commodities
WTI Crude oil futures closed at $49.15 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and slopes upwards.

Gold futures closed at $1339.1 with a bearish candle above its moving averages. Momentum is upwards. TSI is in positive cycle and slopes upwards. BuySellTimer is in a positive cycle.

Agriculture ETF (DBA) closed at 18.84 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is sideways. TSI is in negative cycle and slopes upwards. BuySellTimer is in a positive cycle.

Commodities ETF (DBC) closed at 15.30 with a bullish marubozu candle above its moving averages. Momentum is upwards. TSI is in positive cycle and slopes upwards. BuySellTimer is in a positive cycle.

 

Bonds
Bond futures (ZB) closed at 156’12 with a big bearish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is neutral. TSI is in positive cycle and slopes downwards. BuySellTimer is in a positive cycle.

High Yield bond ETF (HYG) traded downwards and closed at 88.06 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and slopes downwards. BuySellTimer is in a positive cycle.

 

Currencies
$DXY closed at 92.22 with a doji candle below its moving averages. Momentum is sideways. TSI is in negative cycle and slopes downwards.

EUR/USD closed at 1.1916 with a doji candle above its moving averages. Momentum is sideways. TSI is in positive cycle and positive slope.

USD/JPY closed at 109.21 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and slopes downwards.

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

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

Market Internals
Vix closed at 11.63. Vix futures is at 13.32. Skew is at 136.48. Market sentiment is bullishh. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
Market internals continue to show strength. The indices are trading sideways and lack direction. The ES is in a Squeeze and hence there could be a possibility of a big move. The prognosis is that the bulls and bears are evenly matched which means that a big move should be coming when one overpowers the other.

Buy Penny Stocks!
ATHX, AUY, BLDP, BTG, CIG, GFI, GGB, GRPN, HMY, KGC, KLDX, MUX, MVIS, NAK, NG, NGD, PDLI, QUIK, SAND, SFUN, SID, TRQ, UMC, VEON, WPRT and ZAIS.

 

To YOUR wealth!

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