Bursa KLCI

9 March 2018 – Weekly Review – A bullish close to the week


Indices (Weekly chart)
Dow Transportation closed at 10739.91 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 569.13. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.

Dow Industrial closed at 25335.74 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 949.18. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.

Russell 2000 closed at 1597.14 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 72.21. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Nasdaq 100 touched and closed at new all-time high of 7101.1802 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 347.48. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

S&P 500 closed at 2786.57 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 110.82. 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 $62.12 per barrel with a spinning top doji candle on its 8 EMA and above 21 EMA and 50 SMA. Weekly trading range was 3.33. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.

Gold futures (GC) closed at 1324.0 with a doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 28.8. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell.

Agriculture (DBA) ETF closed at 19.35 with a bearish inverted “hammer” candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.37. 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 16.67 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.37. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction is Buy/Buy.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 143’04 with a small doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.5. 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 86.07 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.56. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction is Sell/Sell.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 90.103 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.95. TSI is in a negative cycle and positive slope. Market direction is Sell/Neutral.

EUR/USD closed at 1.2305 with a inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0176. TSI is in a positive cycle and negative slope. Market direction is Buy/Neutral.

USD/JPY closed at 106.82 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.702. TSI is in a negative cycle and negative slope. Market direction is Sell/Sell.

6S (Swiss Franc) closed at 1.0517 with a big bearish candle below its 8 EMA and above its 21 and 50 SMA. Week trading range was 0.0207. BuySellTimer is a negative cycle. TSI is in a positive cycle and negative slope. Market direction is Neutral/Sell.

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

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

Market Internals
Market Sentiment is bullish. Market Breadth is sloping upwards showing nett gainers to losers. Volumetric Acc/Dis is sloping upwards and showing accumulation. SKEW is at 127.79. Vix is at 14.64 and Vix futures is at 15.75.

The Week Ahead
The indices closed with a very strong bullish run due to the job report. Market internals are strong. Skew is normal. Vix and Vix futures have decreased which is an indication that investors are hedging less. Nasdaq 100 has made a new all-time high and the market looks to be heading upwards once again.

Futures (Daily Chart):
ES – Buy/Buy
NQ – Buy/Buy
YM – 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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