Bursa KLCI

5 April 2018 – No Trade War, indices grind upwards

Indices
Dow Transportation closed at 10453.66 with a high closing spinning top doji candle pattern above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 151.12. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings –

Dow Industrial closed at 24505.22 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 308.35. 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 1542.93 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 12.33. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings?

Nasdaq 100 closed at 6594.83 with a small spinning top doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 81.94. 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 2662.84 with a small spinning top doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 22.5. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

Metals and Commodities
WTI Crude oil futures (CL) closed at $63.73 per barrel with a spinning top doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 1.05. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell.

Gold futures (GC) closed at 1329.9 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 12.7. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell. Early warnings?

Agriculture (DBA) ETF closed at 18.82 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.19. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.

Commodities (DBC) ETF closed at 16.85 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.13. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Buy.

Bonds
Bond futures (/ZB) closed at 144’27 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.7187. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope. Market direction – Neutral/Sell.

High Yield bond ETF (HYG) closed at 85.46 with a small candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.175. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

Currencies
The dollar index ($DXY) closed at 90.45 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.523. TSI is in a positive cycle and positive slope. It is in a Squeeze. Market direction – No direction.

EUR/USD closed at 1.2239 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0071. TSI is in a negative cycle and negative slope. It is in a daily Squeeze. Market direction – No direction.

USD/JPY closed at 107.37 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.785. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

6S(Swiss Franc) – closed at 1.0442 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0045. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. 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 XLE, XLY, XLB, XLF and XLU.

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 18.94 and Vix futures at 19.97. SKEW is at 121.51.

The Week Ahead
The indices continue to grind its way upwards in a market that is news driven. Market sentiment and market internals are showing bullishness and strength. The prognosis is for continuing bullishness baring any news driven event.

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

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>