Bursa KLCI

17 January 2018 – Volatility increases. Bulls still in control

Indices
Dow Transportation closed at 11258.47 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 81.79. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

Dow Industrial touched all-time high at 26130.45 and closed at 26115.65 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 265.43. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 closed at 1586.66 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.40. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Nasdaq 100 closed at 6810.28 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 81.59. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

S&P 500 closed at 2802.56 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 28.66. 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 $64.09 per barrel with a hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.86. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Gold futures (GC) closed at 1327.3 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 17.9. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Agriculture (DBA) ETF closed at 18.69 with a hammer candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.2. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope.

Commodities (DBC) ETF closed at 16.91 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.08. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Bonds
Bond futures (/ZB) closed at 150’04 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1’02. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 87.54 with a low closing doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.

Currencies
The dollar index ($DXY) closed at 90.978 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.891. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.2184 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0138. TSI is in a positive cycle and positive slope.

USD/JPY closed at 111.29 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.04. 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, XLF and XLK 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 and XLK respectively.

Market Internals
Market Sentiment is positive. Market Breadth is showing nett gainers to losers. Volumetric Acc/Dis is showing accumulation. SKEW is at 136.19. Vix is at 11.91 and Vix futures is at 12.20.

The Week Ahead
There was an increase increase in volatility. At one time, it looked like the market was headed straight down and it was an opportunity to buy on the dip. Market internal continue to remain strong. The prognosis is that the bullish sentiment remains.

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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