Bursa KLCI

3 April 2018 – Trade War is NoW Here?

Indices
Dow Transportation closed at 10394.25 with a bullish candle pattern below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 343.42. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Neutral. Early Warnings –

Dow Industrial closed at 24033.36 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 380.02. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell. Early Warnings – .

Russell 2000 closed at 1512.1547 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 20.69. 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 6458.8311 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 141.37. 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 2614.45 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 43.65. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.

Metals and Commodities
WTI Crude oil futures (CL) closed at $63.57 per barrel with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 1.0. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell.

Gold futures (GC) closed at 1336.5 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 13.9. 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 18.60 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.18. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Commodities (DBC) ETF closed at 16.84 with a doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.095. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.

Bonds
Bond futures (/ZB) closed at 145’30 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.1875. BuySellTimer is in its positive cycle. TSI is in its positive cycle and positive slope. Market direction – Buy/Buy.

High Yield bond ETF (HYG) closed at 85.20 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.32. 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 90.177 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.426. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction – No direction.

EUR/USD closed at 1.2269 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0082. TSI is in a positive cycle and negative slope. It is in a weekly Squeeze. Market direction – No direction.

USD/JPY closed at 106.60 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.9629. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction – No Trade.

6S(Swiss Franc) – closed at 1.0496 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.007. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. It is in a Squeeze. Market direction – No trade.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLU, XLF, XLI, XLV and XLP.

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

Market Internals
Market sentiment is barely bullish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping upwards showing accumulation. Vix is at 21.10 and Vix futures at 20.85. SKEW is at 118.38.

The Week Ahead
Market sentiment is slightly bullish. Market internals is still weak. The general world trade environment is negative due to the potential for a trade war. The prognosis is a continued bearishness in the market.

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 Sell/Sell.

Stocks Buy Watchlist
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Penny Stocks BreakOut
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To YOUR wealth!

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