Bursa KLCI

31 January 2018 – Pullback and indecision in the indices

Indices
Dow Transportation closed at 10972.06 with a low closing doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 193.44. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. The index has a Sell signal.

Dow Industrial closed at 26149.39 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 287.05. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Russell 2000 closed at 1574.98 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 23.009. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope.

Nasdaq 100 closed at 6949.99 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 68.14. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

S&P 500 closed at 2823.81 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 26.22. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Metals and Commodities
WTI Crude oil futures (CL) closed at $64.77 per barrel with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.37. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Gold futures (GC) closed at 1348.5 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.5. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Agriculture (DBA) ETF closed at 18.83 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Commodities (DBC) ETF closed at 17.10 with a doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.129. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Bonds
Bond futures (/ZB) closed at 148’02 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.469. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 87.30 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.21. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.

Currencies
The dollar index ($DXY) closed at 89.345 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.516. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.2412 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0088. TSI is in a positive cycle and positive slope.

USD/JPY closed at 108.18 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.319. TSI is in a negative cycle and positive slope.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLY, XLF, XLK, XLV and XLI respectively.

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

Market Internals
Market Sentiment is bullish. Market Breadth is sloping downward showing more losers to gainers. Volumetric Acc/Dis is sloping downward which means more nett selling to buying. SKEW is at 121.23. Vix is at 13.54 and Vix futures is at 13.23.

The Week Ahead
Market breadth is weakening. There is nett distribution in the market. We could see this persist for a short while as the market has been overbought for long while. There is backwardation in the Vix meaning short term volatility but longer term bullish direction. The prognosis is for more volatility for the next couple of days.

Futures (daily chart):
ES – Neutral
NQ – Continuing Buy Signal
GC – Continuing Buy Signal
CL – Continuing Buy Signal

Stocks Buy Watchlist
AUY, AVP,BDRAF, BDRBF, BSPM, BTX, BW, CAPR, CERC, CIG, EBIO, GGB, GSV, LGCY, MTBC, OASM, PTOTF, PULM, SIGO, SRNE and TKGBY.

Penny Stocks BreakOut
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To YOUR wealth!

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