Bursa KLCI

16 February 2018 – It is a Happy Chinese New Year market


Indices (Weekly chart)
Dow Transportation closed at 10502.33 with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 491.07. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Dow Industrial closed at 25219.38 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 1141.94. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Russell 2000 closed at 1543.55 with a big bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 84.63. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope.

Nasdaq 100 closed at 6770.66 with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 416.30. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

S&P 500 closed at 2619.55 with a big bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 230.70. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $61.51 per barrel with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 3.67. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Gold futures (GC) closed at 1349.4 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 48.1. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Agriculture (DBA) ETF closed at 18.97 with a inverted hammer candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 0.3. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope.

Commodities (DBC) ETF closed at 16.57 with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.44. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 144’07 with a small spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2’156. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope.

High Yield bond ETF (HYG) closed at 86.45 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.61. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 89.08 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.18. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.2407 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.032. TSI is in a positive cycle and positive slope.

USD/JPY closed at 106.19 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 3.339. 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 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, XLK and XLI respectively.

Market Internals
Market Sentiment is bullish. Market Breadth is sloping upwards showing nett gainers to losers. Volumetric Acc/Dis is sloping upwards and showing accumulation. SKEW is at 131.67. Vix is at 19.46 and Vix futures is at 17.80.

The Week Ahead
Indices are starting to regain its bullishness. Market internals are gaining strength. Skew is normal. Vix and Vix futures are still elevated and has been coming down. There is still a backwardation which means the volatility going forward is getting lesser. The prognosis is for volatility in the market and also buying pressure to push the market higher.

Futures:
ES – Buy/Neutral Signal
NQ – Buy/Neutral Signal
GC – Buy Signal
CL – Bearish/Neutral Signal

Stocks Buy Watchlist
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Penny Stocks BreakOut
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To YOUR wealth!

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