Bursa KLCI

1 February 2018 – Indices loses strength

Indices
Dow Transportation closed at 10920.06 with a doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 142.88. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Dow Industrial closed at 26186.71 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 292.26. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope. Market direction – Bullish.

Russell 2000 closed at 1579.87 with a bullish candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 13.434. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Nasdaq 100 closed at 6901.5 with a low closing doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 68.14. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral.

S&P 500 closed at 2821.98 with a low closing doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 23.26. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral.

Metals and Commodities
WTI Crude oil futures (CL) closed at $65.98 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.35. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Bullish.

Gold futures (GC) closed at 1351.9 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.1. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Bullish.

Agriculture (DBA) ETF closed at 19 with a bullish marubozu 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. Market direction – Bullish within a range.

Commodities (DBC) ETF closed at 17.27 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.2. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction – Bullish.

Bonds
Bond futures (/ZB) closed at 146’06 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope. Market direction – Bearish.

High Yield bond ETF (HYG) gapped down and closed at 86.77 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.27. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Currencies
The dollar index ($DXY) closed at 88.653 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.773. TSI is in a negative cycle and negative slope. Market direction – Bearish.

EUR/USD closed at 1.2508 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0136. TSI is in a positive cycle and positive slope. Market direction – Bullish.

USD/JPY closed at 109.38 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.66. TSI is in a negative cycle and positive slope. Market direction – Bearish.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLY, 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 remains 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 120.59. Vix is at 13.47 and Vix futures is at 13.05.

The Week Ahead
There is backwardation in the Vix where the Vix is higher than the Vix futures. The market is poised for a short term pullback and the longer term direction is still on the bullish side.

Futures (daily chart):
ES – Neutral
NQ – Neutral
GC – Bullish
CL – Bullish

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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