Bursa KLCI

14 March 2018 – Market tumbles further

Indices
Dow Transportation closed at 10573.48 with a bearish candle below its 8 EMA, and 50 SMA and above its 21 EMA. Daily trading range was 242.64. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

Dow Industrial closed at 24758.12 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 461.29. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Russell 2000 closed at 1584.3111 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.69. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Nasdaq 100 closed at 7040.9809 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 71.5. BuySellTimer is in its negative cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

S&P 500 closed at 2749.48 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 32.73. BuySellTimer is in its negative cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Metals and Commodities
WTI Crude oil futures (CL) closed at $60.93 per barrel with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.22. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Gold futures (GC) closed at 1325 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.8. BuySellTimer is in a positive cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Gold is in a daily Squeeze.

Agriculture (DBA) ETF closed at 19.40 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.085. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.

Commodities (DBC) ETF closed at 16.59 with a bearish spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.15. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Bonds
Bond futures (/ZB) closed at 144’28 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 1.0312. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction – Buy/Buy.

High Yield bond ETF (HYG) closed at 85.56 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.26. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Currencies
The dollar index ($DXY) closed at 89.784. with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.33. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

EUR/USD closed at 1.2366 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0065. TSI is in a positive cycle and positive slope. Market direction – Neutral/Buy.

USD/JPY closed at 106.31 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.679. TSI is in a negative cycle and negative slope. Market direction – Sell/Buy.

6S(Swiss Franc) – closed at 1.0596 with a bullish candle on its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 0.0061. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction is Sell/Sell.

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

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

Market Internals
Market sentiment remains slightly bullish. Market breadth continues to slope upwards showing nett gainers to decliners. Volume accumulation/distribution is sloping slightly downwards showing some distribution. Vix is at 17.23 and Vix futures at 17.19. SKEW is at 141.66.

The Week Ahead
Market Internals is showing some weakening. Vix is above 17 which means that there is some hedging with some investors. Skew is getting elevated and it is a sign that some traders and betting on more downward action in the market. The prognosis is for possible quick downward move in the indices.

Futures (daily chart):
ES – Intermediate Bearish. Short term Buy/Buy.
NQ – Intermediate Bullish. Short term Buy/Buy
YM – Intermediate Bearish. Short term Sell/Sell
GC – Intermediate Bearish. Short term Sell/Sell.
CL – Intermediate Bearish. Short term Sell/Sell.

Stocks Buy Watchlist
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Penny Stocks BreakOut
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To YOUR wealth!

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