Bursa KLCI

19 October 2017 – Indices sold off and then made new highs

Dow Transportation sold off and recovered and closed at 9886.51 with a bullish hammer candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 97.33. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

Dow Industrial sold off and recovered and closed at 23163.04 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 114.57. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Russell 2000 traded down and recovered and closed at 1502.0443 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 13.77. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

Nasdaq 100 gapped down and recovered and closed at 6092.62 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 41.40. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

S&P 500 sold off and recovered and closed at 2562.10 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.44. 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 $51.59 with a bearish 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.

Gold futures closed at $1286.2 with a bearish marubozu 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.

Agriculture ETF (DBA) gapped up and closed at 19.12 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and positive slope. It is in a Squeeze.

Commodities ETF (DBC) gapped down and closed at 15.52 with a spinning top doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

 

Bonds
Bond futures (ZB) traded up and closed at 153’14 with a bullish candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 88.61 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.

 

Currencies
$DXY closed at 93.155 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is sideways. TSI is in a positive cycle and positive slope.

EUR/USD closed at 1.1850 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Momentum is sideways. TSI is in negative cycle and positive slope.

USD/JPY closed at 112.52 with a bearish candle above its 8 EMA and 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.

Swiss Franc (6S) futures closed at 1.028 with a bullish candle above its 8 EMA and below its 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 XLK, XLF, XLU, XLB and XLV 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, XLV and XLK respectively.

Market Internals
Vix closed at 10.05. Vix futures is at 11.38 Skew is at 146.16. Market sentiment is bullish. Market breadth is sloping downwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
The indices futures plunged when the market reacted to the politics in NZ. Market internals are still showing strength. Skew remained high even after the plunge. The prognosis is for the continuing strong bullish market but caution is still advised.

Top Buy Penny Stocks!
ARDM, DMTX, FCEL, FENG, ITEK, PDLI, SRAX and VKTX.

 

To YOUR wealth!

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