Bursa KLCI

25 January 2018 – Indices pause, Gold and Oil continue to perform

Indices
Dow Transportation closed at 11007.66 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 177.20. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Dow Industrial touched all-time high at 26458.25 and closed at 26392.79 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 198.53. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 closed at 1601.67 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.374. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Nasdaq 100 closed at 6916.3 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 72.76. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

S&P 500 closed at 2839.25 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 17.62. 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 $65.23 per barrel with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.55. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Gold futures (GC) closed at 1346.9 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.20. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Agriculture (DBA) ETF gapped up and closed at 18.74 with a bearish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 0.22. BuySellTimer is in a positive cycle. TSI is in a negative cycle and flat.

Commodities (DBC) ETF gapped up and closed at 17.12 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.16. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

Bonds
Bond futures (/ZB) closed at 149’13 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.313. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope.

High Yield bond ETF (HYG) closed at 87.75 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.23. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Currencies
The dollar index ($DXY) closed at 89.455 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.142. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.2394 with a big low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0174. TSI is in a positive cycle and positive slope.

USD/JPY closed at 108.96 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.3. 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 XLY, XLV, XLF, XLE 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, XLF, XLI and XLK respectively.

Market Internals
Market Sentiment is bullish. Market Breadth has flattened. Volumetric Acc/Dis has flattened. SKEW is at 121.87. Vix is at 11.58 and Vix futures is at 12.26.

The Week Ahead
The indices have reached a volatile patch and the Dow Transportation has started to trade downwards. Market internals still remain strong. Vix and Vix futures still remain low with the Vix pointing to the current volatility. The prognosis is for a sidewys action in the indices to work off the excessive exuberance in the market.

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>