Bursa KLCI

26 October 2017 – Earnings season, volatility increases

Dow Transportation closed at 9881.46 with a bullish harami candle pattern below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 112.97. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope. The index is in a Squeeze.

Dow Industrial closed at 23400.86 with a small bearish inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 78.95. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Russell 2000 closed at 1497.46 with a bullish inverted hammer candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 7.25. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

Nasdaq 100 closed at 6037.872 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 30.65. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

S&P 500 closed at 2560.4 with a low closing doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 7.27. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Metals and Commodities
WTI Crude oil futures closed at $52.82 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 closed at $1267.6 with a bearish 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) closed at 19.22 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) closed at 15.85 with a bullish marubozu 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.

 

Bonds
Bond futures (ZB) traded down and closed at 151’17 with a bearish 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 88.23 with a bearish candle below 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.

 

Currencies
$DXY closed at 94.643 with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in a positive cycle and positive slope.

EUR/USD closed at 1.1649 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.

USD/JPY closed at 113.33 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.

Swiss Franc (6S) futures closed at 1.0052 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. 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 XLB, XLF, XLK, XLU and XLI respectively.

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

Market Internals
Vix closed at 11.30. Vix futures is at 12.10. Skew is at 135.36. Market sentiment is bullish. Market breadth is sloping downwards. Volumetric accumulation/distribution is sloping downwards.

The Week Ahead
Volatility has increased and Vix has increased to above 11. Market advancer/decliners is showing more decliners. If this persists, then the market is turning down. The prognosis is that the market is now more volatile.

Top Buy Penny Stocks!
ADHD, BBG, BW, CLD, CRRFY, DEST, DRYS, FCEL, GNMX, SBGL, SRAX, TNK and VKTX.

 

To YOUR wealth!

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