Bursa KLCI

19 January 2018 – Weekly Review – Volatility and Bulls in Control


Indices (Weekly chart)
Dow Transportation touched new high at 11423.92 and closed at 11305.41 with a small hammer candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 252.33. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Dow Industrial touched new high at 26149 and closed at 26057 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 467. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 touched new high at 1607.2 and closed at 1599.4 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 36.5. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Nasdaq 100 touched new high at 6857 and closed at 6850.0 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 127.75. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

S&P 500 touched new all-time high at 2815 and closed at 2812.75 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 45.75. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $64.89 per barrel with a small bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.11. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Gold futures (GC) closed at 1331.1 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 20.7. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Agriculture (DBA) ETF closed at 18.63 with a bearish “inverted hammer” candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.43. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope.

Commodities (DBC) ETF closed at 16.88 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.111. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 148’18 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.656. 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 small doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.34. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope.

Currencies (Weekly charts)
The dollar index ($DXY) gapped down and closed at 90.672 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.891. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.222 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0157. TSI is in a positive cycle and positive slope.

USD/JPY closed at 110.72 with a bearish spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.287. TSI is in a positive 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, XLY, XLV, XLI, XLF, XLK and XLB respectively.

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

Market Internals
Market Sentiment is positive. Market Breadth is sloping down and showing less gainers to losers. Volumetric Acc/Dis is showing distribution. SKEW is at 132.28. Vix is at 11.27 and Vix futures is at 11.925.

The Week Ahead
The S&P 500 and Nasdaq 100 continues to make new all-time high even as volatility increases. The threat of a US Government shutdown and introduced volatility into the market. The prognosis is for more volatility as the US Government shuts down.

Futures:
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
APTO, ARGS, BBRG, CVEO, FORD, GNMX, GSV, IDRA, IPCI, ITHUF, KDMN, LPCN, LYG, MGX, NBEV
RNN, 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>