Bursa KLCI

5 February 2018 – Indices tanked!

Indices
Dow Transportation closed at 10350.41 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 414.28. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Dow Industrial closed at 24345.75 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1,596.65. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Russell 2000 closed at 1491.09 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 55.97. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Nasdaq 100 closed at 6495.92 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 312.59. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

S&P 500 closed at 2648.94 with a huge bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 125.22. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Metals and Commodities
WTI Crude oil futures (CL) closed at $63.43 per barrel with a big bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 1.97. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Gold futures (GC) closed at 1342.2 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 2.4. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Agriculture (DBA) ETF closed at 18.84 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.16. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Neutral.

Commodities (DBC) ETF closed at 16.83 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.19. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Bonds
Bond futures (/ZB) closed at 146’29 with a big bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2’13. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction – Bearish.

High Yield bond ETF (HYG) gapped down and closed at 85.74 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.925. 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 89.628 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.678. TSI is in a negative cycle and positive slope. Market direction – Bearish.

EUR/USD closed at 1.2366 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.0112. TSI is in a positive cycle and positive slope. Market direction – Neutral.

USD/JPY closed at 108.58 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.847. 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 XLE, XLF, XLY, 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, XLE and XLP. respectively.

Market Internals
Market Sentiment is bearish. 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 126.45. Vix is at 37.32 and Vix futures is at 28.80.

The Week Ahead
The indices sold off in a big way. Market internals have deteriorated. The indicators are signalling to sell in the indices. The prognosis is for more selling to come.

Futures (daily chart):
ES – Sell
NQ – Sell
GC – Neutral/Neutral
CL – Bearish

Stocks Buy Watchlist
Y.

Penny Stocks BreakOut
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To YOUR wealth!

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