Bursa KLCI

10 January 2018 – Volatility creeps into market

Indices
Dow Transportation touched new high at 11093.54 and closed at 11030.1 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 101.6. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Dow Industrial closed at 25369.13 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 147.93. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 closed at 1559.8 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.384. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Nasdaq 100 closed at 6662.66 with a bullish marubozu 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 closed at 2748.23 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.74. 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 $63.5 per barrel with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Gold futures (GC) closed at 1317.4 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.6. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Agriculture (DBA) ETF closed at 18.67 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.096. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.

Commodities (DBC) ETF gapped up and closed at 16.87 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.067. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Bonds
Bond futures (/ZB) closed at 149’31 with a long tail spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.219. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 87.44 with a bearish spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.29. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.

Currencies
The dollar index ($DXY) closed at 92.354 with a long-tailed bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.108. TSI is in a negative cycle and positive slope.

EUR/USD closed at 1.1968 with a low closing spinning top doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.0021. TSI is in a positive cycle and negative slope.

USD/JPY closed at 111.42 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.. 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, XLF, 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, XLF, XLK, XLB and XLP respectively.

Market Internals
Market Sentiment is positive. Market Breadth is has flattened. Volumetric Acc/Dis is showing accumulation. SKEW is at 129.12. Vix is at 9.82 and Vix futures is at 10.60.

The Week Ahead
Market internals remain strong. Vix is back below 10 and Vix futures remains just above 10. There was a quick pullback and the market looks to trend sideways for a short while. The prognosis is for continuing strength in the market.

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!

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