Bursa KLCI

26 March 2018 – Market reverses upwards in continued volatility

Indices
Dow Transportation closed at 10373.21 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 220.01. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell.

Dow Industrial gapped up and closed at 24202.6 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 491.08. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Russell 2000 closed at 1543.7166 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 30.27. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell.

Nasdaq 100 gapped up and closed at 6753.8322 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 221.86. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

S&P 500 closed at 2658.55 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 59.55. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Metals and Commodities
WTI Crude oil futures (CL) closed at $65.49 per barrel with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.47. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Gold futures (GC) closed at 1353.4 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 12.6. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy. Gold is in a daily Squeeze. We are now in a new Gold contract month.

Agriculture (DBA) ETF closed at 18.81 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.11. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Commodities (DBC) ETF gapped up and closed at 16.97 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.09. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. It is in a Squeeze. Market direction – Buy/Buy.

Bonds
Bond futures (/ZB) closed at 144’31 with a spinning top doji candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 1.183. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. It is in a Squeeze. Market direction – Buy/Buy.

High Yield bond ETF (HYG) gapped up and closed at 85.47 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.365. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.

Currencies
The dollar index ($DXY) closed at 89.074 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.537. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

EUR/USD closed at 1.2358 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0102. TSI is in a positive cycle and positive slope. It is in a slope. Market direction – Buy/Buy.

USD/JPY closed at 105.39 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.627. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

6S(Swiss Franc) – closed at 1.0651 with a doji candle above its 8 EMA and 21 EMA and 50 SMA. Daily trading range was 0.0062. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction is Buy/Buy.

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

Market Internals
Market sentiment has turned slightly bullish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping downwards showing distribution. Vix is at 21.03 and Vix futures at 19.22. SKEW is at 128.96.

The Week Ahead
Market Sentiment has turned slightly bullish. Market internals continue to show weakening. SKEW is normal. The prognosis is for continuing volatility as the market is news driven.

Futures (daily chart):
ES – Intermediate Bearish. Short term Sell/Sell.
NQ – Intermediate Bearish. Short term Sell/Sell.
YM – Intermediate Bearish. Short term Sell/Sell.
GC – Intermediate Bearish. Short term Buy/Buy. No Trade.
CL – Intermediate Bullish. Short term Buy/Buy.

Stocks Buy Watchlist
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Penny Stocks BreakOut
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To YOUR wealth!

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