Bursa KLCI

22 November 2017 – A Thanksgiving market

Dow Transportation closed at 9626.66 with a spinning top doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 41.84. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.

Dow Industrial closed at 23526.18 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 98.16. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and negative slope. The index is in a Squeeze.

Russell 2000 touched all-time high at 1524.18 and closed at 1516.76 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7.42. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Nasdaq 100 touched new all-time high at 6391.16 and closed at 6386.12 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 19.42. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

S&P 500 closed at 2597.08 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 5.71. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. The index is in a Squeeze.

Metals and Commodities
WTI Crude oil futures closed at $58.06 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 $1291.8 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.

Agriculture ETF (DBA) closed at 19.17 with bullish marubozu candle above its 8 EMA and on its 21 EMA but below its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.

Commodities ETF (DBC) closed at 16.19 with a bullish 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 positive slope.

 

Bonds
Bond futures (ZB) closed at 154 ’06 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.

High Yield bond ETF (HYG) closed at 87.81 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.

 

Currencies
$DXY closed at 93.252 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.1731 with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.

USD/JPY closed at 112.48 with a big bearish marubozu 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 1.0202 with a big 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 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, XLY, XLP, 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 9.88. Vix futures is at 11.53. Skew is at 132.52. Market sentiment is rather bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
Market internals continue to show strength. The US dollar index collapsed! This could have wider implications for the market. We are in a seasonally bullish period of the market. The prognosis is for continuing bullish sentiment.

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

 

To YOUR wealth!

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