Bursa KLCI

22 February 2018 – Indices grinds upwards and sideways

<b>Indices</b>
<b>Dow Transportation</b> closed at 10428.87 with a low closing doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 142.11. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.

<b>Dow Industrial</b> closed at 24962.48 with a bullish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 301.89. BuySellTimer is in negative cycle. TSI is in a negative cycle and positive slope. Market direction –  Neutral/Neutral.

<b>Russell 2000</b> closed at 1529.9872 with an inverted hammer candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 19.09. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

<b>Nasdaq 100</b> closed at 6761.8546 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 81.95. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Neutral/Buy.

<b>S&amp;P 500</b> closed at 2703.96 with a low closing spinning top doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 33.49. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Neutral.

<b>Metals and Commodities</b>
WTI Crude oil futures (CL) closed at $62.65 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.34. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

Gold futures (GC) closed at 1334 with a bullish candle below its 8 EMA, on its 21 EMA and above its 50 SMA. Daily trading range was 11.5. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell. Gold is in its daily Squeeze.

Agriculture (DBA) ETF closed at 19.04 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Commodities (DBC) ETF closed at 16.75 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.175. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

<b>Bonds</b>
Bond futures (/ZB) closed at 143’01 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.938. 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 85.82 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.405. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Sell.

<b>Currencies</b>
The dollar index ($DXY) closed at 89.716 with a bearish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.6. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

EUR/USD closed at 1.2282 with a bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0092. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell. It has exited its daily Squeeze.

USD/JPY closed at 106.74 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.178. TSI is in a negative cycle and positive slope. Market direction – Sell/Neutral.

6S(Swiss Franc) – closed at 1.0739 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0095. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction is Sell/Sell.

<b>Relative Strength – Sectors</b>
On a <b>monthly</b> lookback, the relative strength order of the ETFs that are <b>outperforming</b> the S&amp;P 500 are XLK, XLI, XLY and XLF respectively.

On a <b>3-monthly</b> lookback, the relative strength order of the ETFs that are <b>outperforming</b> the S&amp;P 500 are XLY, XLK, XLF and XLI respectively.

<b>Market Internals</b>
Market Sentiment remains bullish. Market breadth slopes slightly upwards showing slight nett gainers to losers. Market Volume accumulation/distribution is sloping downwards showing distribution. SKEW is 134.31. Vix is at 18.72 and Vix futures is at 17.85.

<b>The Week Ahead</b>
Market internals is weakening. SKEW is normal. Vix is higher than Vix futures but overall they are coming down. Decrease in market volatility tends to portend an upmarket.  The True Strength Index is in a negative cycle but showing a slight increase in strength. The prognosis is for more sideway activities which could be a prelude to an uptrend.

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

<b>Stocks Buy Watchlist</b>
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<b>Penny Stocks BreakOut </b>
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