Bursa KLCI

26 January 2018 – Weekly review – closing at new all-time highs


Indices (Weekly chart)
Dow Transportation closed at 11125.75 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 388.63. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Dow Industrial touched new high at 26616.71 and closed at 26616.71 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 642.06. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 touched new high at 1615.2 and closed at 1608.06 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 36.37. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Nasdaq 100 touched new high at 7022.97 and closed at 7022.97 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 200.12. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

S&P 500 touched new all-time high at 2872.87 and closed at 2872.87 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 64.75. 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 $66.66 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 3.61. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Gold futures (GC) closed at 1353.3 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 37.4. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Agriculture (DBA) ETF closed at 18.89 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.385. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope.

Commodities (DBC) ETF closed at 17.25 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.45. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 148’26 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.44. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 87.76 with a small bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 0.41. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 89.019 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.266. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.2425 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0323. TSI is in a positive cycle and positive slope.

USD/JPY closed at 108.56 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.94. 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 XLV, XLY, 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, XLF, XLI, XLV and XLK respectively.

Market Internals
Market Sentiment is positive. Market Breadth has flattened and showing even gainers to losers. Volumetric Acc/Dis is showing accumulation. SKEW is at 117.99. Vix is at 11.08 and Vix futures is at 12.325.

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, BTG, BW, CERC, CLD, GGB, GORO, GTE, MUX, OCRX and SRNE.

Penny Stocks BreakOut
AVP, BDRAF, BDRBF, BSPM, BTX, CAPR, CIG, EBIO, GSV, LGCY, MTBC, OASM, PTOTF, PULM, SIGO AND TKGBY.

 

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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