Bursa KLCI

6 February 2018 – Indices rebound

Indices
Dow Transportation closed at 10528.85 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 460. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Dow Industrial closed at 24912.77 with a big bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1,167.49. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Russell 2000 closed at 1507.1685 with a big bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 51.52. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Nasdaq 100 closed at 6665.98 with a big bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 302.93. 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 1.17. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Gold futures (GC) closed at 1326.9 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 26.5. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Agriculture (DBA) ETF closed at 18.98 with a bullish 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. Market direction – bullish.

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 145’18 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.25. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope. Market direction – Bearish.

High Yield bond ETF (HYG) closed at 86.26 with a big bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.84. 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 89.674 with a spinning top candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.661. TSI is in a negative cycle and positive slope. Market direction – Bearish.

EUR/USD closed at 1.2375 with a small bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.012. TSI is in a positive cycle and negative slope. Market direction – Neutral.

USD/JPY closed at 109.54 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.198. 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 XLB, XLY, XLK, XLF 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 XLK respectively.

Market Internals
Market Sentiment is bearish. Market breadth is sloping downwards showing nett loss to gainers. Market Volume is showing distribution. SKEW is 129.61.

The Week Ahead
The indices bounced after the huge drop on Monday. Market internals are still showing weakness. The prognosis is for more volatility until the indices stabilise.

Futures (daily chart):
ES – Sell
NQ – Sell
YM – Sell
GC – Sell
CL – Sell

Stocks Buy Watchlist
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Penny Stocks BreakOut
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To YOUR wealth!

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