Bursa KLCI

26 December 2017 – Indecision

Dow Transportation touched new high at 10740.17 and closed at 10672.66 with an doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 81.01. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Dow Industrial closed at 24746.21 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 69.71. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and negative slope.

Russell 2000 closed at 1544.23 with a small inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 5.378. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. The index is in a Squeeze.

Nasdaq 100 gapped down and closed at 6433.16 with a high closing spinning top doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 30.25. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

S&P 500 closed at 2680.50 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 4.78. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

Metals and Commodities
WTI Crude oil futures made a big move upwards and closed at $59.8 with a big 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. It has exited its Squeeze.

Gold futures traded upwards and closed at $1287.6 with a big 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 18.57 with a bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.

Commodities ETF (DBC) closed at 16.44 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 151’12 with a bullish 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 positive slope.

High Yield bond ETF (HYG) closed at 87.13 with a bullish marubozu candle on its 8 EMA and below its 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 93.3 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.1857 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope. It is in a Squeeze.

USD/JPY closed at 113.22 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 1.0194 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in a positive 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 XLE, XLF, XLI, XLY, XLP and XLK respectively.

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

Market Internals
Vix closed at 10.10. Vix futures is at 11.30. Skew is at 135.60. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
The indices continue to show strength. Vix and Vix futures continue to be low which indicates a lack of fear. Market internals continue to show strength. The prognosis is for a continuation of the bullish trend.

Top Buy Penny Stocks!
AMRN, AUY, BIOS, BTG, BW, CERC, CLD, EBIO, EXK, GAPFF, GGB, GORO, GPL, GTE, MEET, MFIN, MUX MYMMF, NG, NGD, NXTD, OCRX, PIXY, SORL, SRNE, UEC, VSLR, VSQTF and WFT.

 

To YOUR wealth!

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