Bursa KLCI

11 April 2018 – A tentative step upwards?

Indices
Dow Transportation closed at 10192.82 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 102.66. 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 24189.45 with a bearish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 215.7. 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 1546.805 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.6. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings?

Nasdaq 100 closed at 6583.4438 with an inverted hammer candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 75.41. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings?

S&P 500 closed at 2642.19 with a low closing doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 22.18. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

Metals and Commodities
WTI Crude oil futures (CL) closed at $66.74 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.3. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Gold futures (GC) closed at 1356.8 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 26.9. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy. Early warnings?

Agriculture (DBA) ETF closed at 18.90 with a doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.156. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

Commodities (DBC) ETF closed at 17.36 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.225. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Bonds
Bond futures (/ZB) closed at 146’09 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.281. 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 85.93 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.19. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction – Buy/Buy. No Trade.

Currencies
The dollar index ($DXY) closed at 89.511 with a small spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.3149. TSI is in a negative cycle and negative slope. It is in a Squeeze. Market direction – No direction.

EUR/USD closed at 1.2366 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0048. TSI is in a positive cycle and positive slope. It is in a daily Squeeze. Market direction – No direction.

USD/JPY closed at 106.77 with a bearish candle on its 8 EMA and above its 21 EMA and below its 50 SMA. Daily trading range was 0.599. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

6S(Swiss Franc) – closed at 1.0507 with a doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.0044. 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, XLB, XLK and XLY.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLU 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 19.82 and Vix futures at 20.15. SKEW is at 122.27.

The Week Ahead
We have continued volatility in the market. The indices are in a Squeeze or volatility compression from the shorter timeframes of 15 min, 60 and 4 hours. The indices moving out of its Squeeze will be decisive. The prognosis is for a big move in the indices when it breaks out.

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

Stocks Buy Watchlist
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Penny Stocks BreakOut
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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.


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