Bursa KLCI

28 March 2018 – Bulls and Bears tussles!

Indices
Dow Transportation closed at 10188.19 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 180.19. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings?

Dow Industrial closed at 23848.42 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 363.8. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings?

Russell 2000 closed at 1513.0307 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.71. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings?

Nasdaq 100 gapped down and closed at 6460.8102 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 149.84. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings?

S&P 500 closed at 2605.00 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 35.95. 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 $64.67 per barrel with a big doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.41. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Gold futures (GC) closed at 1329.1 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 24.5. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy. Early warnings?

Agriculture (DBA) ETF closed at 18.69 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.149. 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 16.83 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.15. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. It has just exited its Squeeze. Market direction – Neutral/Sell.

Bonds
Bond futures (/ZB) closed at 145’22 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.9062. BuySellTimer is in its positive cycle. TSI is in its positive cycle and positive slope. It has exited its Squeeze. Market direction – Buy/Buy.

High Yield bond ETF (HYG) closed at 85.35 with a small high closing doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.24. 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 90.079 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.896. TSI is in a negative cycle and negative slope. It is in a Squeeze. Market direction – Neutral/Buy.

EUR/USD closed at 1.2307 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0121. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction – Neutral/Sell.

USD/JPY closed at 106.83 with a big bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 1.682. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction – Buy/Buy.

6S(Swiss Franc) – closed at 1.0516 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0134. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. It is in a Squeeze. 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 XLU, XLP, XLF, XLV, XLI and XLY. respectively.

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

Market Internals
Market sentiment is bearish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping upwards showing accumulation. Vix is at 22.87 and Vix futures at 21.05. SKEW is at 128.33.

The Week Ahead
Market Sentiment has turned bearish. Skew is normal. Market internal has been weakening but shows signs of support coming in. The prognosis is for another day of volatility.

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.
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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