Bursa KLCI

9 October 2017 – New highs and market takes a breather

Dow Transportation closed at 9864.89 with a spinning top doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 82.94. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Dow Industrial touched new all-time high at 22803.37 and closed at 22761.07 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 63.99. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Russell 2000 closed at 1503.56 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.53. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Nasdaq 100 touched new all-time high at 6078.8 and closed at 6058.5309 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 27.48. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

S&P 500 closed at 2544.73 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.22. 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 $49.56 with a bullish 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.

Gold futures closed at $1286.4 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.

Agriculture ETF (DBA) closed at 18.96 with a bearish candle below its 8 EMA and 50 SMA and above its 21 EMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope. It is in a Squeeze.

Commodities ETF (DBC) closed at 15.24 with a doji 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.

 

Bonds
Bond futures (ZB) closed at 152’07 with a small bullish 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 88.41 with a bearish spinning top doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

 

Currencies
$DXY closed at 93.721 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in a positive cycle and positive slope.

EUR/USD closed at 1.1739 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in negative cycle and positive slope.

USD/JPY closed at 112.66 with a small high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and positive slope.

6S (Swiss Franc futures) closed at 1.0256 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. 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 XLF, XLE, XLB, XLI and XLK respectively.

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

Market Internals
Vix closed at 10.33. Vix futures is at 11.03. Skew is at 139.83. Market sentiment is bullish. Market breadth has flattened. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
Market internals is still strong but shows signs of weakening. Vix has just risen above 10 and Vix futures has risen above 11. Dow Industrial, Russell 2000 and Nasdaq 100 continued to make new highs. The prognosis is that the market remains strong with signs of weakening.

Top Buy Penny Stocks!
ACRX, APPS, ARDM, ARWR, ATRS, CATB, DMTX, FCEL, FENG, GRPN, ITEK, PDLI, PLUG, SCYX, SRAX, VKTX and WPRT.

 

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