Bursa KLCI

7 February 2018 – Indices finding its bottom?

Indices
Dow Transportation closed at 10560.59 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 187.67. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Dow Industrial closed at 24893.35 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 508.52. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Russell 2000 closed at 1507.97 with a spinning top candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.68. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Nasdaq 100 closed at 6582.02 with a bearish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 134.87. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

S&P 500 closed at 2681.66 with a big bearish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 46.34. 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 $61.73 per barrel with a big bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 2.93. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Gold futures (GC) closed at 1320.6 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA. Daily trading range was 22.3. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish. Gold is in a Squeeze.

Agriculture (DBA) ETF closed at 18.96 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.125. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – bullish.

Commodities (DBC) ETF closed at 16.54 with a bearish candle below its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 0.3. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Bonds
Bond futures (/ZB) closed at 144’21 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.03. 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 85.94 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.76. 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 90.34 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.932. TSI is in a negative cycle and positive slope. Market direction – Bullish.

EUR/USD closed at 1.2262 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.016. TSI is in a positive cycle and negative slope. Market direction – Bearish.

USD/JPY closed at 109.31 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.792. TSI is in a negative cycle and positive slope. Market direction – Neutral -Bullish.

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

Market Internals
Market Sentiment is bearish. Market breadth is sloping downwards showing nett loss to gainers. Market Volume is showing distribution. SKEW is 136.9. Vix is at 27.73 and Vix futures is at 23.60.

The Week Ahead
The indices are stabilising and are in a bearish momentum. Vix is showing a heightened fear in the market but Vix futures is lowered than the Vix which shows that market is expecting a less volatile market. The prognosis is for more volatility for the next few days.

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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