Bursa KLCI

19 April 2018 – Indices skewed, uptrend continues

Indices
Dow Transportation closed at 10671.81 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 149.91. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.

Dow Industrial closed at 24664.89 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 205.45. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. The index is in a Squeeze. Market direction: Intermediate – Buy. Current – Buy/Buy.

Russell 2000 closed at 1573.8182 with a bearish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.7904. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

Nasdaq 100 closed at 6774.8875 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 65.97. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy.

S&P 500 closed at 2693.13 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 20.94. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.

Metals and Commodities
WTI Crude oil futures (CL) closed at $68.16 per barrel with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.55. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

Gold futures (GC) closed at 1348 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.5. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. The index is in a Squeeze. Market direction: Intermediate – Buy. Current – Buy/Buy.

Agriculture (DBA) ETF gapped up and closed at 19.0 with a bearish candle above its 8 EMA, 21 EMA and below its 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: Intermediate – Sell. Current – Neutral/Sell.

Commodities (DBC) ETF gapped up and closed at 17.50 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

Bonds
Bond futures (/ZB) closed at 143’27 with a bearish candle below its 8 EMA and 21 EMA and 50 SMA. Daily trading range was 1.5625. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope. It is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.

High Yield bond ETF (HYG) closed at 86.10 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.2533. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

Currencies
The dollar index ($DXY) closed at 89.902 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.4479. TSI is flat. It is in a Squeeze. Market direction: Intermediate – Buy. Current – Neutral/BUy.

EUR/USD closed at 1.2344 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.0071. TSI is flat. It is in a daily Squeeze. Market direction: Intermediate – Sell. Current – Neutral/Neutral.

USD/JPY closed at 107.35 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.335. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

6S(Swiss Franc) – closed at 1.0343 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0063. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – 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, XLY, XLK and XLI.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLB, XLY and XLU 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 15.96 and Vix futures at 16.68. SKEW is at 138.20.

The Week Ahead
The indices pulled back due to heavy short positions and that has cleared. Market internals look strong. Vix and Vix futures have been trending downward. SKEW is normal. The prognosis is for the market to grind upwards.

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

Stocks Buy Watchlist
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Penny Stocks BreakOut
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To YOUR wealth!

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