Bursa KLCI

5 December 2017 – Uncertainties and indecisions

Dow Transportation sold off and closed at 1068.58 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 155.31. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Dow Industrial sold off and closed at 24180.64 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 194.46. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and positive slope.

Russell 2000 sold off and closed at 1516.76 with an bearish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 17.26. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Nasdaq 100 closed at 6265.11 with a big candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 101.28. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

S&P 500 closed at 2629.57 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 20.99. 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 $57.48 with a doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

Gold futures closed at $1268.4 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 negative cycle and negative slope.

Agriculture ETF (DBA) closed at 18.85 with 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.

Commodities ETF (DBC) closed at 16.10 with a spinning top doji candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

 

Bonds
Bond futures (ZB) closed at 153 ’23 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 87.30 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 negative cycle and negative slope.

 

Currencies
$DXY closed at 93.316 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is sideways. TSI is in a negative cycle and positive slope.

EUR/USD closed at 1.1825 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.

USD/JPY closed at 112.59 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Momentum is sideways. TSI is in negative cycle and positive slope.

Swiss Franc (6S) futures closed at 1.0134 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in a positive 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 XLP, XLF, XLY, XLI, XLB and XLE respectively.

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

Market Internals
Vix closed at 11.33. Vix futures is at 12.00. Skew is at 132.07. Market sentiment is bullish. Market breadth has flattened. Volumetric accumulation/distribution has flattened.

The Week Ahead
The market is generally bullish due to the expectation of the tax reform bill now in reconciliation. High Yield bond traded downwards. There is a weakening of market internals. The indices are still strong and pullbacks could be news and events driven. Vix has increased to 11.33 with the Vix futures at 12.00. The prognosis is for an increased in volatility but near term, the market is still bullish.

Top Buy Penny Stocks!
BW, CERS, DNR, ENPH, GAPFF, GHL, GLNNF, OCRX, ONCS and SORL.

 

To YOUR wealth!

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