Bursa KLCI

16 March 2018 – Indecision persists!


Indices (Weekly chart)
Dow Transportation closed at 10683.82 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 289.01. BuySellTimer is in its positive cycle. TSI is in its positive cycle and negative slope. Market direction – Intermediate – Buy. Short term – Buy/Buy.

Dow Industrial closed at 24946.51 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 780.32. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate Buy. Short term – Neutral/Sell.

Russell 2000 closed at 1586.0481 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 36.89. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction. Intermediate – Buy. Short term – Buy/Buy.

Nasdaq 100 touched and closed at new all-time high of 7186.09 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 176.08. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate term – Buy. Short term Buy/Buy.

S&P 500 closed at 2752.01 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 60.43. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate term – Buy. Short term -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. Intermediate Term- Buy. Short Term – Buy/Buy.

Gold futures (GC) closed at 1313.9 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 21. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate Term – Barely Bullish. Short Term – Sell/Sell.

Agriculture (DBA) ETF closed at 19.19 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Weekly trading range was 0.34. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction. Intermediate Term – Buy. Short term – Buy/Buy. It is in a weekly Squeeze.

Commodities (DBC) ETF closed at 16.64 with a small spinning top doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.27. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate Term – Buy. Short Term – Neutrral/Sell.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 144’16 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.5. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope. Market direction. Intermediate Term – Sell. Short Term – Sell/Sell.

High Yield bond ETF (HYG) closed at 85.80 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.57. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction. Intermediate Term – Sell. Short Term – Sell/Sell.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 90.186 with a small doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.817. TSI is in a negative cycle and positive slope. Market direction. Intermediate Term – Sell. Short Term – Sell/Buy.

EUR/USD closed at 1.2288 with a low closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0152. TSI is in a positive cycle and negative slope. Market direction. Intermediate Term – Buy. Short Term – Buy/Buy.

USD/JPY closed at 105.97 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.692. TSI is in a negative cycle and negative slope. Market direction. Intermediate Term – Sell. Short Term – Sell/Sell.

6S (Swiss Franc) closed at 1.0584 with a bullish candle below its 8 EMA and above its 21 and 50 SMA. Week trading range was 0.0122. BuySellTimer is a positive cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate Term – Buy. Short Term – 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, 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 respectively.

Market Internals
Market Sentiment is slightly bullish. Market Breadth is sloping upwards showing nett gainers to losers. Volumetric Acc/Dis is sloping upwards and showing accumulation. SKEW is at 147.35. Vix is at 15.80 and Vix futures is at 16.25.

The Week Ahead
Skew is extremely elevated at and need release in the form of a down move in the indices. The indices are still relatively strong. The prognosis is to be alert for a big quick down move in the indices especially the S&P 500.

Futures (Daily Chart):
ES – Intermediate Term – Sell. Short Term – Buy/Buy. No Trade.
NQ – Intermediate Term – Buy. Short Term – Buy/Buy. Buy.
YM – Intermediate Term – Sell. Short Term – Neutral/Sell. No Trade.
GC – Intermediate Term – Sell. Short Term – Sell/Sell. No Trade.
CL – Intermediate Term – Sell. Short Term – Sell/Buy. No Trade.

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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