Bursa KLCI

21 February 2018 – Volatility continues!

Indices
Dow Transportation closed at 10372.06 with a bullish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 240.66. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Dow Industrial closed at 24797.78 with a bearish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 475. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – – Sell/Sell.

Russell 2000 closed at 1531.84 with a graveyard doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 24.801. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

Nasdaq 100 closed at 6759.2601 with an inverted bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 120.25. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

S&P 500 closed at 2701.33 with an inverted hammer candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 46.46. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.

Metals and Commodities
WTI Crude oil futures (CL) closed at $61.34 per barrel with a small bearish candle on its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 0.94. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Neutral.

Gold futures (GC) closed at 1326.6 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 14.1. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell. Gold is in its daily Squeeze.

Agriculture (DBA) ETF closed at 18.93 with a bearish candle below 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 negative slope. Market direction – Neutral/Neutral.

Commodities (DBC) ETF closed at 16.60 with a small low closing doji candle above its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 0.11. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Neutral.

Bonds
Bond futures (/ZB) closed at 142’23 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.75. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope. Market direction – Sell/Sell.

High Yield bond ETF (HYG) closed at 85.76 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.645. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.

Currencies
The dollar index ($DXY) closed at 90.124 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.567. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

EUR/USD closed at 1.2282 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0078. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell. It is in a daily Squeeze.

USD/JPY closed at 107.76 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.629. TSI is in a negative cycle and positive slope. Market direction – Sell/Neutral.

6S(Swiss Franc) – closed at 1.067 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0061. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction is Sell/Sell.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLY 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 slopes slightly upwards showing slight nett gainers to losers. Market Volume accumulation/distribution is sloping downwards showing distribution. SKEW is 130.03. Vix is at 19.83 and Vix futures is at 18.42.

The Week Ahead
Market internals show some weakening. SKEW is normal. Vix is higher than Vix futures. Market sentiment is still bullish. Market pulled back later part of the trading down and the indices closed bearish. High Yield bond closed bearish. The prognosis is for more volatility.

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

Stocks Buy Watchlist
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Penny Stocks BreakOut
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