Bursa KLCI

21 September 2017 – Is the market turning?

Dow Transportation closed at 9668.99 with a doji candle above its moving averages. Daily trading range was 79.88. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Dow Industrial closed at 22359.23 with a bearish candle above its moving averages. Daily trading range was 62.96. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Russell 2000 closed at 1444.1839 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7.16. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Nasdaq 100 closed at 5934.9134 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 49.85. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

S&P 500 closed at 2500.60 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.16. 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 $50.74 with a high closing doji 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 closed at $1294.3 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

Agriculture ETF (DBA) closed at 19.06 with a doji candle above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive slope. TSI is in negative cycle and positive slope.

Commodities ETF (DBC) closed at 15.36 with a doji candle above its moving averages. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and slopes upwards.

 

Bonds
Bond futures (ZB) closed at 153’30 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 88.34 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

 

Currencies
$DXY closed at 92.188 with a bearish candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is sideways. TSI is in negative cycle and positive slope. The dollar index is showing divergence and that means it is finding support level and turning upwards.

EUR/USD closed at 1.1940 with a bullish candle on its 8 EMA and above 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.

USD/JPY closed at 112.46 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.

6S (Swiss Franc futures) closed at 1.0359 with a high closing spinning top doji candle below its moving averages. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.

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

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

Market Internals
Vix closed at 9.67. Vix futures is at 12.60. Skew is at 137.87. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
Market internals continue to show strength. Vix is below 10 and that shows the market confidence that this bull market is not over yet. The indices are pulling back slightly but with all pullback, it is likely to be bought. The prognosis is for continuing strength in the market and to trade with a bullish bias.

Buy Penny Stocks!
ACTG, APPS, ATHX, BBG, BLDP, CATB, CDNA, CVEO, DMTX, DRNA, EBIO, ENPH, FCEL, FENG, GELYF, GLUU, GNW, GRPN, IPI, ITUS, JONE, KONA, KOPN, LACDF, LYG, MNKD, MRNS, MVIS, NAK, NE, NXTD, PACB, PDLI, PLUG, PSTI, QUIK, RADA, RGLS, SCYX, SENS, SFUN, SID, SIFY, SYN, TRMR, TRXC, UMC, UQM, VCEL, WPRT, WTI, XNET, XXII and ZAIS.

 

To YOUR wealth!

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