Bursa KLCI

10 October 2017 – New Highs and indecisions

Dow Transportation gapped up and closed at 9928.48 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 68. 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 22850.51 and closed at 22830.68 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 79.52. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Russell 2000 closed at 1508.00 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7.412. 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 6084.14 and closed at 6063.5217 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 47.42. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

S&P 500 touched new all-time high at 2555.23 and closed at 2550.64 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.37. 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 $50.94 with a bullish candle above its 8 EMA, 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Gold futures closed at $1290.3 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 19.08 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. It is in a Squeeze.

Commodities ETF (DBC) gapped up and closed at 15.42 with a bullish candle above its 8 EMA, 21 EMA and 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 152’05 with a big doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.

High Yield bond ETF (HYG) gapped up and closed at 88.48 with a bearish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

 

Currencies
$DXY closed at 93.26 with a big bearish candle below its 8 EMA and above 21 EMA and 50 SMA. Momentum is downwards. TSI is in a positive cycle and negative slope.

EUR/USD closed at 1.1738 with a bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is upwards. TSI is in negative cycle and positive slope.

USD/JPY closed at 112.43 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.

6S (Swiss Franc futures) closed at 1.03 with a bullish 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, XLK, XLI, XLB, XLU and XLY respectively.

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

Market Internals
Vix closed at 10.08. Vix futures is at 10.95. Skew is at 139.24. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution has flattened.

The Week Ahead
Market internals remain strong and three of the indices touched new all-time highs and also closed with dojis which is sign of indecision.

Vix is low and Vix futures is below 11 which is exceptionally low. This is telling us that the market is not expecting near time spike in volatility. 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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