Bursa KLCI

16 November 2017 – Market in waiting

Dow Transportation closed at 9593.09 with a bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 135.71. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and positive slope.

Dow Industrial closed at 23458.36 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 126.85. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in its positive cycle and negative slope. The index is in a Squeeze.

Russell 2000 closed at 1486.88 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 25.99. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and positive slope.

Nasdaq 100 closed at 6339.14 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 59.01. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

S&P 500 closed at 2585.64 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 17.14. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

Metals and Commodities
WTI Crude oil futures closed at $55.47 with a 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.

Gold futures closed at $1278.5 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.

Agriculture ETF (DBA) closed at 19.06 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.

Commodities ETF (DBC) closed at 16.06 with a small bearish 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) closed at 153 ’04 with a big bearish candle below its 8 EMA and 50 SMA and above its 21 EMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and positive slope.

High Yield bond ETF (HYG) gapped up and closed at 87.53 with a bullish marubozu 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 negative cycle and positive slope.

 

Currencies
$DXY closed at 93.914 with a bearish ‘rolling pin’ candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is downwards. TSI is in a positive cycle and negative slope.

EUR/USD closed at 1.1769 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is upwards. TSI is in negative cycle and positive slope.

USD/JPY closed at 113.03 with a bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is downwards. TSI is in positive cycle and negative slope.

Swiss Franc (6S) futures closed at 1.0075 with a low closing candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive 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, XLP, XLU, XLY, and XLB respectively.

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

Market Internals
Vix closed at 11.176 Vix futures is at 12.75. Skew is at 136.30. Market sentiment is bullish. Market breadth is sloping downwards. Volumetric accumulation/distribution is sloping downwards.

The Week Ahead
Market breadth is showing more losers to gainers. High Yield Bond (HYG) had a gap up in downtrend. It needs a follow through. The reversal in the indices were based on the tax reform passing through the Senate and Congress. If this fails to do so, a likely consequence will be a reversal to the downside.

Top Buy Penny Stocks!
BW, CERS, CLD, CNIT, DNR, EKSO, ENPH, GAPFF, GLNNF, ISIG, LLNW, LRTTF, OBE, OCRX, ONCS and SPCB.

 

To YOUR wealth!

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