Bursa KLCI

23 January 2018 – A pause before the push upwards

Indices
Dow Transportation closed at 11344.55 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 95.81. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

Dow Industrial touched all-time high at 26246.19 and closed at 26210.81 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 102.29. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 touched new all-time high at 1612.55 and closed at 1610.71 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.34. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Nasdaq 100 touched new all-time high at 6969.4 and closed at 6963.46 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 43.03. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

S&P 500 touched new all-time high at 2842.24 and closed at 2839.13 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.65. 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 $64.47 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.30. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Gold futures (GC) closed at 1341 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.9. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Agriculture (DBA) ETF closed at 18.62 with a bearish hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.105. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.

Commodities (DBC) ETF closed at 17.04 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Bonds
Bond futures (/ZB) closed at 149’11 with a bullish 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 87.88 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.275. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Currencies
The dollar index ($DXY) closed at 90.104 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.674. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.231 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0027. TSI is in a positive cycle and positive slope.

USD/JPY closed at 110.29 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.459. 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, XLY, XLK, XLF and XLV respectively.

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

Market Internals
Market Sentiment is positive. Market Breadth is sloping upwards. Volumetric Acc/Dis is sloping upwards. SKEW is at 122.95. Vix is at 11.10 and Vix futures is at 12.00.

The Week Ahead
The indices continued to make small gains and touched new all-time highs. The bullishness and uptrend continues. Skew is normal. Market internal continues to show strength. The prognosis is for continuing uptrend and bullishness.

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, GORO, 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>