Bursa KLCI

20 November 2017 – Market moves into bullish period of the year

Dow Transportation closed at 9521.95 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 69.45. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and positive slope.

Dow Industrial closed at 23430.33 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 96.30. Momentum is downwards. 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 1503.3957 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.47. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Nasdaq 100 closed at 6308.6086 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 22.71. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

S&P 500 closed at 2582.14 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.4. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope. The index is in a Squeeze.

Metals and Commodities
WTI Crude oil futures closed at $56.38 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 $1276.2 with a big 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 positive slope.

Agriculture ETF (DBA) closed at 19.00 with a hammer 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.

Commodities ETF (DBC) closed at 16.19 with a small bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

 

Bonds
Bond futures (ZB) closed at 153 ’29 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.

High Yield bond ETF (HYG) closed at 87.49 with a small spinning doji 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 94.057 with a bullish 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 1.1731 with a bearish candle on its 8 EMA, above its 21 EMA and below its 50 SMA. Momentum is upwards. TSI is in negative cycle and positive slope.

USD/JPY closed at 112.61 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.

Swiss Franc (6S) futures closed at 1.0081 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze.

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

Market Internals
Vix closed at 10.65 Vix futures is at 12.10. Skew is at 135.83. Market sentiment is rather bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
Market breadth has stabilised and gainers versus losers is positive again. The market at this time of the year tends to be more bullish. Market internals is still relatively strong.

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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