Bursa KLCI

31 October 2017 – A slow grind upward

Dow Transportation closed at 9758.47 with a bearish marubozu candle pattern below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 63.0499. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope. The index is in a Squeeze.

Dow Industrial closed at 23377.24 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 71.96. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Russell 2000 closed at 1502.5345 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.35. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope. The index is in a Squeeze.

Nasdaq 100 touched new all-time high of 6258.42 and closed at 6248.5571 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 29.27. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

S&P 500 closed at 2572.83 with a bearish harami candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.78. 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 $54.64 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 $1271.8 with a bearish 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.

Agriculture ETF (DBA) closed at 19.44 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.

Commodities ETF (DBC) closed at 16.01 with a small 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.

 

Bonds
Bond futures (ZB) closed at 152’11 with a spinning top doji 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.

High Yield bond ETF (HYG) closed at 88.47 with a bearish candle straddling the 8 EMA and 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope. It is in a Squeeze.

 

Currencies
$DXY closed at 94.542 with a 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 1.1645 with a spinning top doji 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 113.62 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and positive slope.

Swiss Franc (6S) futures closed at 1.0054 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sharply 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 XLK, XLU, XLB, XLF, XLE and XLY respectively.

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

Market Internals
Vix closed at 10.18. Vix futures is at 11.25. Skew is at 131.81. Market sentiment is bullish. Market breadth is sloping downwards. Volumetric accumulation/distribution is sloping downwards.

The Week Ahead
The market breadth showing the number of gainers to losers has turned downwards. Also the market is showing net distribution. Vix and Vix futures are not showing any sign of worries and the CBOE SKEW is rather normal. The prognosis is for more caution as the market continues to hit new highs.

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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