Bursa KLCI

25 April 2018 – A rebound, Gold is sideways

Indices
Dow Transportation closed at 10508.13 with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 181.29. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Sell. Current – Buy/Buy.

Dow Industrial closed at 24083.83 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 323.26. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Neutral/Sell.

Russell 2000 closed at 1550.4668 with a high closing doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 16.148. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Neutral/Sell.

Nasdaq 100 closed at 6513.9405 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 114.1927. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

S&P 500 closed at 2639.40 with a high closing doji candle below below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 32.63. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Neutral/Sell.

Metals and Commodities
WTI Crude oil futures (CL) closed at $68.01 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.07. 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 1324.4 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.6. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.

Agriculture (DBA) ETF closed at 19.06 with a big bullish candle above its 8 EMA, 21 EMA and above its 50 SMA. Daily trading range was 0.25. 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 – Buy/Buy.

Commodities (DBC) ETF closed at 17.40 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.14. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

Bonds
Bond futures (/ZB) closed at 141’26 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.9687. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

High Yield bond ETF (HYG) closed at 85.50 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.3. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Neutral/Sell.

Currencies
The dollar index ($DXY) closed at 91.255 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.5109. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/BUy.

EUR/USD closed at 1.2160 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0078. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

USD/JPY closed at 109.41 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.6659. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

6S(Swiss Franc) – closed at 1.0214 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0062. 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, XLY, XLV, XLB and XLF.

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

Market Internals
Market sentiment is slightly bullish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping downwards showing distribution. Vix is at 17.84 and Vix futures at 17.50. SKEW is at 124.29.

The Week Ahead
The market rebounded but the selling pressure remains. Market internals are still showing weakness. Vix has decreased as the market rebounded. The prognosis is for continued volatility.

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

Stocks Buy Watchlist
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Penny Stocks BreakOut
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