Bursa KLCI

12 December 2017 – The uptrend remains

Dow Transportation closed at 10367.91 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 58.05. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Dow Industrial gapped up and closed at 24504.80 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 109.14. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and positive slope.

Russell 2000 closed at 1516.1167 with bearish inverted hammer candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 9.16. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

Nasdaq 100 closed at 6383.6522 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 31.82. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

S&P 500 closed at 2664.11 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.94. 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 $57.45 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Gold futures closed at $1246.4 with a bullish hammer-like 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 18.19 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 15.86 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.

 

Bonds
Bond futures (ZB) closed at 152’24 with a spinning top doji 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 flat.

High Yield bond ETF (HYG) closed at 87.33 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sidewards. BuySellTimer is in a positive cycle. TSI is in negative cycle and negative slope.

 

Currencies
$DXY closed at 94.097 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in a negative cycle and positive slope.

EUR/USD closed at 1.1741 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.

USD/JPY closed at 113.53 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 1.0088 with a doji 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 and XLP 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 9.80. Vix futures is at 10.48. Skew is at 133.02. Market sentiment is rather bullish. Market breadth is flat. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
The Christmas Rally continues. Market internal continues to show strength. The prognosis is to stay bullish on the indices.

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

 

To YOUR wealth!

Would you like to learn to trade stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.


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