Bursa KLCI

15 March 2018 – Indecision in the market

Indices
Dow Transportation closed at 10592.01 with a doji candle on its 8 EMA and below its 50 SMA and above its 21 EMA. Daily trading range was 100.21. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

Dow Industrial closed at 24873.66 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 300.58. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Russell 2000 closed at 1576.62 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 15.86. BuySellTimer is in negative cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Nasdaq 100 closed at 7030.97 with a small bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 65.54. BuySellTimer is in its negative cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

S&P 500 closed at 2747.33 with a small bearish candle on its 8 EMA and 50 SMA and above its 50 SMA. Daily trading range was 21.56. BuySellTimer is in its negative cycle. TSI is in a positive cycle and positive slope. Market direction – Neutral/Sell.

Metals and Commodities
WTI Crude oil futures (CL) closed at $61.19 per barrel with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.72. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Gold futures (GC) closed at 1316.2 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.2. BuySellTimer is in a negative 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 19.28 with a bearish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.155. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell.

Commodities (DBC) ETF closed at 16.58 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.095. 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 144’27 with a doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.625. 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 85.62 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.25. 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 90.125. with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 0.5459. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

EUR/USD closed at 1.2303 with a bearish candle below its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 0.0083. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell.

USD/JPY closed at 106.32 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.63. TSI is in a negative cycle and negative slope. Market direction – Sell/Buy.

6S(Swiss Franc) – closed at 1.0508 with a big bearish candle below its 8 EMA, 50 SMA and 21 EMA. Daily trading range was 0.0097. 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 XLY 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 bullish. Market breadth continues to slope upwards showing nett gainers to decliners. Volume accumulation/distribution is sloping slightly downwards showing distribution. Vix is at 16.59 and Vix futures at 16.98. SKEW is at 146.55.

The Week Ahead
Market Internals is showing some weakening. Vix is above 16 which means that there is some hedging with some investors. Skew is elevated at 146.55 which usually means that the market is poised for a quick down move! The prognosis is to watch out for an increase in volatility as the market seeks to release pressure from its elevated Skew!

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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