Bursa KLCI

2 February 2018 – Weekly Update – Market comes tumbling down


Indices (Weekly chart)
Dow Transportation closed at 10687.18 with a bearish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 532.58. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Dow Industrial closed at 25520.96 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1,118.24. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Russell 2000 closed at 1547.273 with a big bearish marubozu candle below its 8 EMA above its 21 EMA and 50 SMA. Weekly trading range was 60.88. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Nasdaq 100 closed at 6760.29 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 264.10. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

S&P 500 closed at 2762.13 with a big bearish marubozu candle on its 8 EMA above its 21 EMA and 50 SMA. Weekly trading range was 110.65. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $65.06 per barrel with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.79. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Gold futures (GC) closed at 1335.2 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 26.2. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Agriculture (DBA) ETF closed at 18.97 with a high closing doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 0.24. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope.

Commodities (DBC) ETF closed at 16.99 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.33. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 145’00 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 4’5. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 86.22 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.54. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 89.194 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.082. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.245 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0187. TSI is in a positive cycle and positive slope.

USD/JPY closed at 110.14 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.068. 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, XLF, XLV 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, XLI and XLE respectively.

Market Internals
Market Sentiment is neutra. Market Breadth is sloping downwards showing nett losers to gainers. Volumetric Acc/Dis is showing distribution. SKEW is at 126.45. Vix is at 17.23 and Vix futures is at 15.57.

The Week Ahead
Market internals show weakness. Market breadth is showing nett losers to gainers and there is nett distribution. Market sentiment is neutral. Vix and Vix futures are indicating more volatility to come. The prognosis is for more volatility and more selling pressure.

Futures:
ES – Sell Signal
NQ – Sell Signal Signal
GC – Sell Signal
CL – 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, BW, CAPR, CIG, LGCY, OASM, PTOTF, SIGO, SRNE and TKGBY.

 

To YOUR wealth!

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