Bursa KLCI

27 December 2017 – Poised for another move upwards?

Dow Transportation closed at 10697.21 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 34.78. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Dow Industrial closed at 24774.30 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 57.84. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and negative slope.

Russell 2000 closed at 1543.9369 with a low closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.67. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope. The index is in a Squeeze.

Nasdaq 100 closed at 6435.1521 with a doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 23.02. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.

S&P 500 closed at 2682.62 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.73. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Metals and Commodities
WTI Crude oil futures closed at $59.59 with a bearish 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 closed at $1291.4 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.

Agriculture ETF (DBA) closed at 18.67 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.

Commodities ETF (DBC) closed at 16.48 with a doji 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.

 

Bonds
Bond futures (ZB) closed at 152’25 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 negative cycle and positive slope.

High Yield bond ETF (HYG) closed at 87.17 with a bullish candle above 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 93.004 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.1886 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope. It has exited its Squeeze.

USD/JPY closed at 113.34 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope. It is now in a Squeeze.

Swiss Franc (6S) futures closed at 1.0215 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 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, XLK and XLB respectively.

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

Market Internals
Vix closed at 10.47. Vix futures is at 11.34. Skew is at 138.43. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
We are in a strong market. Any dip has been bought up. Market internals continue to show strength. Gold and Oil have been trending upwards. The prognosis is for continued strength.

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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