Bursa KLCI

18 January 2018 – Indices go sideways

Indices
Dow Transportation closed at 11262.86 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 88.82. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

Dow Industrial touched all-time high at 26153.42 and closed at 26017.81 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 206.10. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 closed at 1576.73 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.89. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Nasdaq 100 closed at 6811.38 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 42.07. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

S&P 500 closed at 2798.03 with a small bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.27. 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 $63.67 per barrel with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.9499. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Gold futures (GC) closed at 1327 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 5.4. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Agriculture (DBA) ETF closed at 18.68 with a bearish candle on its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.27. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope.

Commodities (DBC) ETF closed at 16.91 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.089. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Bonds
Bond futures (/ZB) closed at 149’04 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1’01. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 87.45 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.16. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.

Currencies
The dollar index ($DXY) closed at 90.484 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.52. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.2164 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0024. TSI is in a positive cycle and positive slope.

USD/JPY closed at 111.09 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.18. 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, XLV, XLY, XLI, XLK, XLB 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 and XLK respectively.

Market Internals
Market Sentiment is positive. Market Breadth has flattened. Volumetric Acc/Dis has flattened. SKEW is at 136.19. Vix is at 12.23 and Vix futures is at 12.15.

The Week Ahead
There is a backwardation in the Vix and Vix futures. We could the S&P 500 pulling back. Market internal remains strong. The prognosis is for sideways to bullish movement in the indices.

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

Stocks Buy Watchlist
AUY, BIOS, BTG, BW, CLD, GAPFF, GGB, GORO, GTE, MUX, OCRX, SRNE.

Penny Stocks BreakOut
APPS, ARLZ, CGEN, GEN, ICON, LYG, ONCS, QUIK, RGLS, THCT, UMFG and XXII.

 

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.


Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>