Bursa KLCI

26 Feb 2018 – The bulls are running again!

Indices
Dow Transportation closed at 10769.84 with a bullish marubozu candle above its 8 EMA, 21 EMA and on its 50 SMA. Daily trading range was 189.94. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

Dow Industrial closed at 25709.27 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 334.24. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

Russell 2000 closed at 1559.33 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.75. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

Nasdaq 100 closed at 6989.10 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 61.90. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

S&P 500 closed at 2779.60 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 26.86. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

Metals and Commodities
WTI Crude oil futures (CL) closed at $64 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.22. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Neutral/Buy.

Gold futures (GC) closed at 1334.9 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 14.9. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Buy. Gold is in its daily Squeeze.

Agriculture (DBA) ETF closed at 19.14 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Commodities (DBC) ETF closed at 16.95 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.13. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

Bonds
Bond futures (/ZB) closed at 143’04 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.844. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction – Sell/Sell.

High Yield bond ETF (HYG) closed at 86.54 with a bullish candle below its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.29. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

Currencies
The dollar index ($DXY) closed at 89.875 with a doji candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Daily trading range was 0.547. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

EUR/USD closed at 1.2316 with a bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0077. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell.

USD/JPY closed at 106.91 with a bearish hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.743. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.

6S(Swiss Franc) – closed at 1.0677 with a low closing spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0074. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction is Neutral/Neutral.

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

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY, XLF 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 upwards showing contribution. SKEW is 131.72. Vix is at 15.80 and Vix futures is at 16.20.

The Week Ahead
The Vix and Vix futures continue to drop. Market internals are strengthening and the indices are showing renewed strength. The Nasdaq has just about recovered all its losses from the recent drop. The prognosis is to be long this market.

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

Stocks Buy Watchlist
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Penny Stocks BreakOut
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To YOUR wealth!

Would you like to learn to trade stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.


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