Bursa KLCI

29 January 2018 – Bears waiting in ambush?

Indices
Dow Transportation closed at 11114.23 with a gravestone doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 107.53. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Dow Industrial closed at 26439.48 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 173.56. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Russell 2000 closed at 1598.11 with a bearish marubozu candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 10.06. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Nasdaq 100 closed at 6988.3 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 45.95. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

S&P 500 closed at 2853.53 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 19.14. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

Metals and Commodities
WTI Crude oil futures (CL) closed at $65.52 per barrel with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.79. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Gold futures (GC) closed at 1343.7 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Agriculture (DBA) ETF gapped up and closed at 18.91 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.13. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Commodities (DBC) ETF gapped up and closed at 17.20 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

Bonds
Bond futures (/ZB) closed at 148’04 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.6562. 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, 21 EMA and on its 50 SMA. Daily trading range was 0.25. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.

Currencies
The dollar index ($DXY) closed at 89.345 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.214. TSI is in a negative cycle and positive slope.

EUR/USD closed at 1.2381 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.003. TSI is in a positive cycle and negative slope.

USD/JPY closed at 108.94 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.58. 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, XLF, XLE, XLI, XLV and XLP respectively.

Market Internals
Market Sentiment is bullish. Market Breadth is sloping downward. Volumetric Acc/Dis is sloping upward. SKEW is at 118.80. Vix is at 13.84 and Vix futures is at 13.77.

The Week Ahead
Market breadth is weakening. The market internals remain strong although there is sign of weakening. The indices are highly stretched. Vix is above 13 which is relatively high considering it has been below 10. Also Vix is higher than Vix futures meaning there is a backwardation. The prognosis short term volatility but the intermediate to longer term, the bullish trend continues.

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.


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