Bursa KLCI

28 December 2017 – A Quiet End to the end of the Year

Dow Transportation closed at 10660.11 with a high closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 83.74. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Dow Industrial closed at 24837.51 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 42.1. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and positive slope.

Russell 2000 closed at 1548.9258 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.52. 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 closed at 6441.4205 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 19.39. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

S&P 500 closed at 2687.54 with a small hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 4.97. 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 $59.89 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.

Gold futures closed at $1297.2 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 18.72 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) gapped up and closed at 16.56 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.

 

Bonds
Bond futures (ZB) closed at 152’23 with a bearish hammer candle above its 8 EMA, 21 EMA and below its 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 87.13 with a bearish 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 92.673 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.

USD/JPY closed at 112.86 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope. It is now in a Squeeze.

Swiss Franc (6S) futures closed at 1.0273 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 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, XLI, XLF, XLY, 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 10.18. Vix futures is at 11.23. Skew is at 137.82. Market sentiment is bullish. Market breadth is flat. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
Market internals continue to remain strong. The indices are trading in small ranges. The year end market is likely to end quietly without too much drama. The prognosis is for the indices to hold till end of they year.

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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