Bursa KLCI

13 September 2017 – Market continues to new highs

Dow Transportation traded upwards and closed at 9531.05 with bullish marubozu candle above its 21 EMA and 50 SMA. Daily trading range was 55.28. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Dow Industrial traded upwards and closed at 22158.18 with a bullish marubozu candle above its 21 EMA and 50 SMA. Daily trading range was 127.22. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Russell 2000 traded upwards and closed at 1426.8943 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.87. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Nasdaq 100 gapped down and traded upwards and closed at 6004.3803 with a bullish marubozu candle above its moving averages. Daily trading range was 29.59. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

S&P 500 gapped down and traded upwards and closed at 2498.37 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.23. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Metals and Commodities
WTI Crude oil futures closed at $49.65 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 positive slope.

Gold futures traded down and closed at $1327.1 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope. BuySellTimer is in a negative cycle.

Agriculture ETF (DBA) closed at 18.85 with a bullish candle above its 8 EMA and on 21 EMA and below its 50 SMA. Momentum is sideways. TSI is in negative cycle and positive slope. BuySellTimer is in a positive cycle.

Commodities ETF (DBC) closed at 15.26 with a bullish 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 154’30 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is downwards. TSI is in positive cycle and negative slope. BuySellTimer is in a negative cycle.

High Yield bond ETF (HYG) traded upwards and closed at 88.21 with a bullish marubozu candle above its 8 EMA, 21 EMA and above its 50 SMA. Momentum is upwards. TSI is in positive cycle and slopes upwards. BuySellTimer is in a positive cycle.

 

Currencies
$DXY closed at 92.290 with a bullish ‘rolling pin’ candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and positive slope.

EUR/USD closed at 1.1884 with a bearish candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.

USD/JPY closed at 110.47 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Momentum is upwards. TSI is in negative cycle and positive slope.

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

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

Market Internals
Vix closed at 10.65. Vix futures is at 11.70. Skew is at 142.74. Market sentiment is rather bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
Market internals continue to show strength. SKEW is above 142 which usually signal a turnaround in the indices. The indices continue to break to new highs. The prognosis is to trade upwards but the bears are waiting for an ambush as signalled by the high SKEW.

Buy Penny Stocks!
APPS, ARWR, AVEO, BLDP, CDNA, DMTX, EGAN, ENPH, FENG, GFI, GGB, GLUU, GNW, GRPN, HMY, IPI, KGC, KONA, LACDF, MNKD, MVIS, NAK, NGD, PACB, PDLI, QUIK, RADA, RGLS, SAND, SB, SENS, SID, SFUN, SID, TANH, TGB, TRMR, TRQ, TRXC, VEON, WTI, XXII and ZAIS.

 

To YOUR wealth!

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