Bursa KLCI

9 January 2018 – Indices and High Yield bond pulled back

Indices
Dow Transportation touched new high at 11051.7 and closed at 11018.46 with a small inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 44.21. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Dow Industrial touched new high at 25439.78 and closed at 25385.8 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 131.37. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 touched new high at 1565.58 and closed at 1560.0993 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.7152. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Nasdaq 100 touched new high at 6696.12 and closed at 6677.94 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 37.85. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

S&P 500 touched new all-time high at 2759.14 and closed at 2751.29 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.28. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Metals and Commodities
WTI Crude oil futures (CL) closed at $63.48 per barrel with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.2. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Gold futures (GC) closed at 1313.6 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 4.7. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Agriculture (DBA) ETF closed at 18.74 with a bullish marubozu candle below its 8 EMA and 50 SMA and above its 21 EMA. Weekly trading range was 0.13. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Commodities (DBC) ETF closed at 16.81 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.19. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Bonds
Bond futures (/ZB) closed at 150’02 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.5625. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 87.63 with a bearish marubozu candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.3799. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Currencies
The dollar index ($DXY) closed at 92.513 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.194. TSI is in a negative cycle and positive slope.

EUR/USD closed at 1.1936 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.0026. TSI is in a positive cycle and negative slope.

USD/JPY closed at 111.88 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.022. TSI is in a negative 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 XLE, XLB, XLI, XLY, XLK and XLV respectively.

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

Market Internals
Market Sentiment is positive. Market Breadth is showing more gainers to losers. Volumetric Acc/Dis is showing accumulation. SKEW is at 126.37. Vix is at 10.08 and Vix futures is at 10.79.

The Week Ahead
Market internals remain strong. Vix has increased to above 10 but Vix futures remains just above 10. There is no little fear of a short term pullback in the market. The indices continue to trend upwards. The prognosis is for continuing strength.

Futures (daily chart):
ES – Continuing Buy Signal
NQ – Continuing Buy Signal
GC – Continuing Buy Signal
CL – Continuing Buy Signal

Stocks Buy Watchlist
AMRN, AUY, BIOS, BTG, BW, CERC, CLD, EGO, EXK, GAPFF, GGB, GORO, GPL, GTE, MUX, NXTD, OCRX, SRNE.

Penny Stocks BreakOut
ACNNF, AMRN, ARREF, CGA, DELT, DMPI, FAX, GALXF, GIGM, GNMK, GST, IVITF, KOPN, MYSZ, NWKRF, PKD, PRED, SB, SIFY, USAU, WTI and YGE.

 

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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