Bursa KLCI

27 April 2018 – Bond Yield hovers at 3%. Market takes notice


Indices (Weekly chart)
Dow Transportation closed at 10549.40 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 386.24. BuySellTimer is in its positive cycle. TSI is in its positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Sell/Buy.

Dow Industrial closed at 24311.19 with a high closing spinning top doji candle below its 8 EMA, 21 EMA and above its 50 SMA. Weekly trading range was 756.86. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Sell. Current – Sell/Sell.

Russell 2000 closed at 1556.2358 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 34.54. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. It is in a Squeeze. Market direction:- Intermediate – Buy, Current – Buy/Buy.

Nasdaq 100 closed at 6656.3533 with a high closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 223.877. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate term – Buy. Current – Neutral/Sell.

S&P 500 closed at 2669.91 with a high closing doji candle on its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 70.88. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate term – Sell. Current – Sell/Sell.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $67.97 per barrel with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.27. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.

Gold futures (GC) closed at 1324.1 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 21.8. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Neutral/Sell.

Agriculture (DBA) ETF closed at 19.22 with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.48. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Buy. Short term – Buy/Buy. It is in a monthly Squeeze.

Commodities (DBC) ETF closed at 17.48 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.22. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 143’07 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.75. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Sell/Sell.

High Yield bond ETF (HYG) closed at 85.76 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.68. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Sell/Buy.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 91.529 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 1.666. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Buyl. Current – Neutral/Buy.

EUR/USD closed at 1.2131 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 0.0233. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Neutral/Sell.

USD/JPY closed at 109.06 with a big bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 1.878. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Neutral/Buy.

6S (Swiss Franc) closed at 1.0163 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.019. BuySellTimer is a negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – 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, XLU and XLB respectively.

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

Market Internals
Market Sentiment is bullish. Market breadth is sloping slightly upwards which means there are more gainers to losers. Volumetric Acc/Dis is sloping upwards indicating accumulation. SKEW is at 128.40. Vix is at 15.41 and Vix futures is at 16.35.

The Week Ahead
Market internals are showing some strength. Vix and Vix futures has come down below 16 and 17 respectively. Skew is normal. The market is starting to show some confidence that it wants to go up. The prognosis is for the market to grind upwards.

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

Stocks Buy Watchlist
.

Penny Stocks BreakOut
.

 

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.


Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>