Bursa KLCI

2 January 2018 – Happy New Year 2018!

Dow Transportation gapped up and touched all-time high of 10810.6 and closed at 10809.96 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 157.31. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Dow Industrial closed at 24824.01 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 122.49. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and negative slope.

Russell 2000 closed at 1550.01 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.18. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. The index has exited its Squeeze.

Nasdaq 100 closed at 6515.25 with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

S&P 500 gapped up and touched all-time high at 2695.89 and closed at 2695.81 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.53. 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 $60.37 with a spinning top 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.

Gold futures closed at $1319.1 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 18.97 with a bullish marubozu candle above 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.

Commodities ETF (DBC) gapped up and closed at 16.69 with a small spinning top 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 151’22 with a big bearish candle below its 8 EMA, 21 EMA and below its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 87.34 with a small bullish 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. It is in a Squeeze.

 

Currencies
$DXY closed at 91.872 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 1.2057 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 112.27 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 has exited its Squeeze.

Swiss Franc (6S) futures closed at 1.0347 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, XLY, XLB, XLI, XLK and XLF respectively.

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

Market Internals
Vix closed at 9.48. Vix futures is at 10.78. Skew is at 135.37. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
The indices reversed from the last day of the year 2017. Nasdaq made an impressive surge upwards. Market internals remain strong. The prognosis is for a continuing bullish market.

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!

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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