Bursa KLCI

6 April 2018 – Volatility increases with Trade War


Indices (Weekly chart)
Dow Transportation closed at 10146.37 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA. Weekly trading range was 450. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope. Market direction: Intermediate – Sell. Short term – Sell/Sell.

Dow Industrial closed at 23932.76 with a spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 1277.74. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Sell, Short term – Sell/Sell.

Russell 2000 closed at 1513.2968 with a bearish spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 77.66. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. It is in a Squeeze. Market direction:- Intermediate – Sell, Short term – Sell/Sell.

Nasdaq 100 closed at 6433.2132 with a bearish spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 309.6073. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate term – Sell. Short term Sell/Sell.

S&P 500 closed at 2604.47 with a spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 118.28. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate term – Sell. Short term -Sell/Sell.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $61.95 per barrel with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 3.61. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Buy, Short Term – Buy/Buy.

Gold futures (GC) closed at 1337.3 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 26.6. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy, Short Term – Buy/Buy.

Agriculture (DBA) ETF closed at 18.72 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.63. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Short term – Sell/Sell. It is in a weekly Squeeze.

Commodities (DBC) ETF closed at 16.73 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.37. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Buy, Short Term – Sell/Sell.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 146’02 with a doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 2.313. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction:- Intermediate Term – Sell, Short Term – Neutral/Buy.

High Yield bond ETF (HYG) closed at 85.27 with a small spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.69. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell, Short Term – Sell/Sell.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 90.072 with a doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.775. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Short Term – Neutral/Buy.

EUR/USD closed at 1.2282 with a bearish spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0129. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Sell, Short Term – Neutral/Sell.

USD/JPY closed at 106.95 with a bullish ‘rolling pin’ candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 1.838. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Short Term – Neutral/Neutral.

6S (Swiss Franc) closed at 1.0484 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Week trading range was 0.0141. BuySellTimer is a negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Sell, Short Term – Neutral/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, XLP, XLU, XLB and XLF respectively.

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

Market Internals
Market Sentiment is bearish. Market Breadth is flat. Volumetric Acc/Dis is flat. SKEW is at 122.39. Vix is at 21.49 and Vix futures is at 20.67.

The Week Ahead
Market sentiment is now neutral to bearish. Market internals are still reasonably strong. SKEW is normal. Vix and Vix futures are above 20. With the potential for a Trade War rising between US and China, the market has turned bearish. The prognosis is for a bearish bias for the week ahead with the market being driven by news headlines.

Futures (Daily Chart):
ES – Intermediate Term – Sell. Short Term – Sell/Buy.
NQ – Intermediate Term – Sell. Short Term – Sell/Sell.
YM – Intermediate Term – Sell. Short Term – Sell/Buy.
GC – Intermediate Term – Buy. Short Term – Buy/Buy.
CL – Intermediate Term – Buy. 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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