Bursa KLCI

27 March 2018 – It keeps tumbling down

Indices
Dow Transportation closed at 10181.42 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 308.33. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Dow Industrial closed at 23857.71 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 737.49. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Russell 2000 closed at 1513.5658 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 38.77. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Nasdaq 100 closed at 6529.84 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 313.94. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

S&P 500 closed at 2612.62 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 78.66. 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 $64.66 per barrel with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.88. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Gold futures (GC) closed at 1350.5 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 17.2. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy. Gold has exited its daily Squeeze.

Agriculture (DBA) ETF closed at 18.70 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.105. 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 16.90 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.14. 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 145’22 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.5312. 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) closed at 85.39 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.42. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Buy.

Currencies
The dollar index ($DXY) closed at 89.329 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.691. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

EUR/USD closed at 1.2402 with a bearish spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0103. TSI is in a positive cycle and positive slope. It is in a Squeeze. Market direction – Buy/Buy.

USD/JPY closed at 105.32 with a gravestone doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.582. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

6S(Swiss Franc) – closed at 1.0634 with a spinning top doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.0084. 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 XLU, XLE, XLP, XLF, XLB and XLI. respectively.

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

Market Internals
Market sentiment is neutral. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping downwards showing distribution. Vix is at 22.50 and Vix futures at 20.33. SKEW is at 128.65.

The Week Ahead
Market Sentiment is neutral. Market internals are weakening. Skew is normal. The indices prices are spending more of its time in the lower half of the DonChian channel which tells us that the indices are bearish. The prognosis is that we are in a bearish market and should trade accordingly.

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 Bullish. Short term Buy/Buy.
CL – Intermediate Bullish. Short term Buy/Buy.

Stocks Buy Watchlist
.

Penny Stocks BreakOut
.

 

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.


Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>