Bursa KLCI

11 December 2017 – Indices trend upwards

Dow Transportation closed at 10370.83 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 70.29. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Dow Industrial closed at 24386.03 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 74.98. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and positive slope.

Russell 2000 closed at 1519.84 with low closing spinning top doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 9.18. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Nasdaq 100 closed at 6393.8882 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 46.52. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

S&P 500 closed at 2659.99 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.86. 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 $58.28 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.

Gold futures closed at $1243.6 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 18.30 with a bearish candle in a sharp downtrend 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 16.00 with a small doji candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and negative slope.

 

Bonds
Bond futures (ZB) closed at 153’30 with a low closing spinning top doji candle below its 8 EMA and 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and flat.

High Yield bond ETF (HYG) closed at 87.37 with a small candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.

 

Currencies
$DXY closed at 93.931 with a high closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in a negative cycle and positive slope.

EUR/USD closed at 1.1768 with a low closing doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.

USD/JPY closed at 113.54 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.

Swiss Franc (6S) futures closed at 1.0087 with a bullish 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 negative slope.

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

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

Market Internals
Vix closed at 9.34. Vix futures is at 10.40. Skew is at 133.98. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
We are in a Christmas Rally and the indices continue to trend upwards. The prognosis is to stay bullish on the indices.

Top Buy Penny Stocks!
BW, ENPH, GAPFF, OCRX and SORL.

 

To YOUR wealth!

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