Bursa KLCI

15 December 2017 – Another week ending on a high


Indices (Weekly chart)
Dow Transportation closed at 10393.01 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 165.55. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Dow Industrial touched new high at 24688.62 and closed at 24651.74 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 373.88. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 closed at 1530.42 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 33.17. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Nasdaq 100 touched new high at 6470.92 and closed at 6466.32 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 123.01. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

S&P 500 touched new all-time high at 2679.63 and closed at 2675.81 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 28.16. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $57.39 per barrel with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.47. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Gold futures (GC) closed at 1258.1 with a spinning top doji candle below 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 26.2. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.

Agriculture (DBA) ETF closed at 18.33 with a high closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.22. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.

Commodities (DBC) ETF closed at 15.84 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.34. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’08 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.31. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope.

High Yield bond ETF (HYG) closed at 87.21 with a bearish spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.38. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 93.931 with a doji candle above its 8 EMA and below 21 EMA and 50 SMA. Weekly trading range was 0.9369. TSI is in a negative cycle and positive slope.

EUR/USD closed at 1.1748 with a low closing doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.0144. TSI is in a positive cycle and negative slope.

USD/JPY closed at 112.589 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 1.72. 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 XLF, XLY, XLI and XLP respectively.

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

Market Internals
Market Sentiment is positive. Market Breadth is sloping upward. Volumetric Acc/Dis is sloping upward. SKEW is at 135.73. Vix is at 9.42 and Vix futures is at 9.925.

The Week Ahead
Market internals continue to show strength. Vix and Vix futures is extremely low and it is indicating no signs of fear. Skew is normal. The prognosis is for continuing strength in the indices.

Stocks Buy Watchlist
BW, CBOE, CME, ENPH, GAPFF, OCRX and SORL.

 

To YOUR wealth!

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