Bursa KLCI

14 February 2018 – Skew triggers plunge and indices recover

Indices
Dow Transportation closed at 10482.16 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 218.43. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Bearish.

Dow Industrial closed at 24893.49 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 435.59. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Russell 2000 closed at 1522.096 with a big bullish candle below its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 40.60. BuySellTimer is in negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Nasdaq 100 closed at 6675.03 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 163.76. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

S&P 500 closed at 2698.63 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 53.23. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Metals and Commodities
WTI Crude oil futures (CL) closed at $60.74 per barrel with an bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.7. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Gold futures (GC) closed at 1353.6 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 39.5. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Bullish. Gold is in a Squeeze.

Agriculture (DBA) ETF closed at 19.01 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.18. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Bullish.

Commodities (DBC) ETF closed at 16.51 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.36. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Bonds
Bond futures (/ZB) closed at 143’18 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.06. 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 85.41 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.54. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Bearish.

Currencies
The dollar index ($DXY) closed at 89.007 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.18. TSI is in a negative cycle and negative slope. Market direction – Neutral – Bearish.

EUR/USD closed at 1.2448 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0188. TSI is in a positive cycle and positive slope. Market direction – Bullish.

USD/JPY closed at 106.99 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.174. TSI is in a negative cycle and negative slope. Market direction – Bearish.

6S(Swiss Franc) – closed at 1.0784 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0104. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction is Bullish.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF and XLY 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 bullish. Market breadth continues to slope downwards showing nett loss to gainers. Market Volume accumulation/distribution is sloping upwards showing accumulation. SKEW is 127.84. Vix is at 19.26 and Vix futures is at 17.40.

The Week Ahead
The indices futures plunged in early morning (CMT) trading after retail figues came out. This has relieved the SKEW and it is back to normal. Market internals are turning more bullish. The prognosis is for less volatility and the uptrend to continue.

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

Stocks Buy Watchlist
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Penny Stocks BreakOut
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To YOUR wealth!

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