Bursa KLCI

7 November 2017 – Are the Transportation, Russell 2000 and high yield bond signalling down?

Dow Transportation closed at 9671.79 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 108.16. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

Dow Industrial touched new high at 23602.12 and closed at 23557.23 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 117.93. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and positive slope.

Russell 2000 closed at 1479.0906 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 21.27. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope. The index is in a Squeeze.

Nasdaq 100 touched new all-time high at 6328.58 and closed at 6320.78 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 29.05. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

S&P 500 touched all-time high at 2597.02 and closed at 2590.64 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 12.67. 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 $56.94 with a bearish 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 $1275.7 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and positive slope.

Agriculture ETF (DBA) closed at 19.45 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.

Commodities ETF (DBC) closed at 16.43 with a small hammer 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 154’21 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.

High Yield bond ETF (HYG) closed at 87.74 with a big 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.

 

Currencies
$DXY closed at 94.845 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 1.1553 with a 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 113.79 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.

Swiss Franc (6S) futures closed at 1.0023 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 a negative cycle and positive slope.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLU, XLF and XLY respectively.

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

Market Internals
Vix closed at 9.89. Vix futures is at 11.04. Skew is at 129.15. Market sentiment is slightly bullish. Market breadth is sloping downwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
Market breadth continues to deteriorate. Dow Transportation and Russell 2000 continues to trend down. These 2 indices tends to lead the market. High yield bond is trending down as well. The prognosis is for the market to trade sideways.

Top Buy Penny Stocks!
AXAS, CERS, CLD, ECYT, ESEA, EVEP, FCEL, GNMX, GROW, ISIG, LACDF, LLNW, LPTH, LRTTF, OBE, OCRX SFUN and SPCB.

 

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