Bursa KLCI

16 January 2018 – All-time highs and a big pullback

Indices
Dow Transportation touched new high at 11423.92 and closed at 11227.31 with a big bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 254.26. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

Dow Industrial touched all-time high at 26086.12 and closed at 25792.86 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 383.13. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 touched new high at 1604.02 and closed at 1572.97 with a big bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 33.27. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Nasdaq 100 touched new high at 6835.79 and closed at 6737.14 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 116.68. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

S&P 500 touched new high at 2807.54 and closed at 2776.42 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 38.9. 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 $63.55 per barrel with a low closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.69. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Gold futures (GC) closed at 1338.8 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 20.2. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Agriculture (DBA) ETF gapped down and closed at 18.54 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.22. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.

Commodities (DBC) ETF closed at 16.89 with a doji 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 150’29 with a bullish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 1.78. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope.

High Yield bond ETF (HYG) closed at 87.53 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.44. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.

Currencies
The dollar index ($DXY) closed at 90.465 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.977. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.2259 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0187. TSI is in a positive cycle and positive slope.

USD/JPY closed at 110.44 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.51. 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, XLI, XLY, XLB, XLV and XLF respectively.

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

Market Internals
Market Sentiment is positive. Market Breadth has flattened. Volumetric Acc/Dis is showing accumulation. SKEW is at 128.65. Vix is at 11.66 and Vix futures is at 12.02.

The Week Ahead
All the indices made new all-time high before a massive selling took place. Profit taking took place as the indices have been overbought for a few weeks now. Market internals remain strong. Vix has shot up but Vix futures remain relatively low. The prognosis is for a short term volatility but the uptrend remains intact.

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, CLD, EXK, GAPFF, GGB, GORO, GPL, GTE, MUX, OCRX, SRNE.

Penny Stocks BreakOut
APTO, AUY, BTG, EVEP, ITUS, KDMN, LYG, MGXMF, ODP, PQ, RAS, RCON, SPI and SPQXF.

 

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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