Bursa KLCI

23 February 2018 – Indices end the week higher!


Indices (Weekly chart)
Dow Transportation closed at 10578.90 with a small bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 275.31. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction is Neutral/Neutral.

Dow Industrial closed at 25309.99 with a bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 520.92. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope. Market direction is Buy/Buy.

Russell 2000 closed at 1549.1858 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 27.71. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope. Market direction is Buy/Buy.

Nasdaq 100 closed at 6896.6012 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 157.05. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction is Buy/Buy.

S&P 500 closed at 2747.30 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 49.99. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction is Buy/Buy.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $63.57 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.98. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction is Buy/Buy.

Gold futures (GC) closed at 1330.5 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 31.1. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction is Buy/Buy.

Agriculture (DBA) ETF closed at 19.10 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 0.20. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction is Buy/Buy. It is in a weekly Squeeze.

Commodities (DBC) ETF closed at 16.86 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.27. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction is Buy/Buy.

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. Market direction is Sell/Sell.

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. Market direction is Buy/Buy.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 89.884 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.018. TSI is in a negative cycle and positive slope. Market direction is Sell/Sell.

EUR/USD closed at 1.2296 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0175. TSI is in a positive cycle and negative slope. Market direction is Sell/Sell.

USD/JPY closed at 106.88 with a bullish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.809. TSI is in a negative cycle and negative slope. Market direction is Sell/Neutral.

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

Market Internals
Market Sentiment is bullish. Market Breadth is sloping slightly upwards showing nett gainers to losers. Volumetric Acc/Dis is flat upwards and showing accumulation. SKEW is at 139.20. Vix is at 16.49 and Vix futures is at 16.775.

The Week Ahead
The indices are starting to move upwards. Market internals are still flat to gaining strength. Skew is normal. Vix and Vix futures are still coming down which is good news for the bulls. The prognosis is for the market to continue upwards.

Futures:
ES – Neutral/Buy
NQ – Buy/Buy
GC – Sell/Sell
CL – Neutral/Buy

Stocks Buy Watchlist
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Penny Stocks BreakOut
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To YOUR wealth!

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