Bursa KLCI

4 April 2018 – A Short Squeeze rally!

Indices
Dow Transportation closed at 10388.03 with a bullish candle pattern above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 220.18. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings –

Dow Industrial closed at 24264.30 with a big bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 785.8. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings – .

Russell 2000 closed at 1531.6647 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 42.88. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings?

Nasdaq 100 closed at 6560.06 with a big bullish marubozu candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 252.02. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell. Early Warnings?

S&P 500 closed at 2644.69 with a big bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 76.25. 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 $63.56 per barrel with a dragonfly doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 1.58. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell.

Gold futures (GC) closed at 1337 with a tiny candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 1. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Buy. Early warnings?

Agriculture (DBA) ETF closed at 18.55 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.25. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Commodities (DBC) ETF closed at 16.77 with a hammer candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.095. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell.

Bonds
Bond futures (/ZB) closed at 145’16 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.125. BuySellTimer is in its positive cycle. TSI is in its positive cycle and negative slope. Market direction – Buy/Buy.

High Yield bond ETF (HYG) closed at 85.39 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.54. 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 90.12 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.311. TSI is in a positive cycle and positive slope. It is in a Squeeze. Market direction – No direction.

EUR/USD closed at 1.2277 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0057. TSI is in a negative cycle and negative slope. It is in a daily Squeeze. Market direction – No direction.

USD/JPY closed at 106.76 with a bullish hammer candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.8509. TSI is in a negative cycle and positive slope. It has exited its Squeeze. Market direction – Buy/Buy.

6S(Swiss Franc) – closed at 1.0474 with a bearish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0064. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. It has exited its Squeeze. Market direction – Sell/Sell.

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

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

Market Internals
Market sentiment is bullish. Market breadth is sloping upwards which means more gainers to losers. Volume accumulation/distribution is sloping upwards showing accumulation. Vix is at 20.06 and Vix futures at 19.65. SKEW is at 119.23.

The Week Ahead
Market internals are holding and there was a short Squeeze which caused it to rally. Yesterday’s volatility was caused by fear of a trade war between the US and China. The prognosis is for more event driven volatility and big daily candles. This is good for day tradings.

Futures (daily chart):
ES – Intermediate Bearish. Short term Sell/Sell.
NQ – Intermediate Bearish. Short term Sell/Sell.
YM – Intermediate Bearish. Short term Neutral/Buy.
GC – Intermediate Bearish. Short term Sell/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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