Bursa KLCI

6 March 2018 – Volatility Rules!

Indices
Dow Transportation closed at 10435.52 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 125.14. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Sell.

Dow Industrial closed at 24884.12 with a “hammer” candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 286.83. BuySellTimer is in negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.

Russell 2000 closed at 1562.20 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 23.58. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

Nasdaq 100 closed at 6913.02 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 64.97. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

S&P 500 closed at 2728.12 with a small dragonfly candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 20.82. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Neutral.

Metals and Commodities
WTI Crude oil futures (CL) closed at $62.36 per barrel with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 1.11. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Neutral.

Gold futures (GC) closed at 1335.7 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.5. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Neutral. Gold is in its daily Squeeze.

Agriculture (DBA) ETF gapped up and closed at 19.59 with a small bearish 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 16.79 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.085. BuySellTimer is in its negative cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Bonds
Bond futures (/ZB) closed at 143’03 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction – Neutral/Sell.

High Yield bond ETF (HYG) closed at 85.87 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.26. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Sell.

Currencies
The dollar index ($DXY) closed at 89.43. with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.636. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.

EUR/USD closed at 1.2403 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0091. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

USD/JPY closed at 106.45 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.6069. TSI is in a negative cycle and negative slope. Market direction – Bearish/Bearish.

6S(Swiss Franc) – closed at 1.064 with a low closing doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0066. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction is Bearish/Bearish. Swiss franc is in a Squeeze.

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 XLY respectively.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY and XLF respectively.

Market Internals
Market sentiment is bullish. Market breadth is sloping upwards showing nett gainers to decliners. Volume accumulation/distribution is sloping upwards showing accumulation. Vix is at 18.36 and Vix futures at 19.70. Skew is at 128.41.

The Week Ahead
Vix and Vix futures is now showing current and future volatility. Skew is normal. Market internals is showing relative strength. The US market is now news driven and the prognosis is for more volatility. Trading should be kept to short term.

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

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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