Bursa KLCI

12 April 2018 – A slow grind upwards

Indices
Dow Transportation closed at 10360.41 with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 186.93. 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 24483.05 with a bullish marubozu candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 289.3. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy. Early Warnings – .

Russell 2000 closed at 1557.3264 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.424. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy. Early Warnings?

Nasdaq 100 closed at 6656.2551 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 63.876. 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 2663.99 with a small bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 20.89. 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 $67.16 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.33. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

Gold futures (GC) closed at 1337.5 with a bearish candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 20. 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 18.97 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.1125. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

Commodities (DBC) ETF closed at 17.29 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.11. 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 145’09 with a bearish candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 1.344. 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 86.24 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.29. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. It has exited its Squeeze. Market direction – Buy/Buy. No Trade.

Currencies
The dollar index ($DXY) closed at 89.764 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.517. TSI is in a negative cycle and negative slope. It is in a Squeeze. Market direction – No direction.

EUR/USD closed at 1.2325 with a bearish candle on its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.008. 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 1.0447 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0083. 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, XLK, XLB, XLF and XLY.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE and XLK, XLB 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 18.89 and Vix futures at 145’21. SKEW is at 122.29.

The Week Ahead
The market looks to be grinding upwards on its own. This market is vulnerable to tweets or news events and as such there must be plenty of caution. The earnings season is on and that will contribute to the volatility. The prognosis is to be nimble in this market.

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. Buy Signal
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!

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