Bursa KLCI

30 April 2018 – Continuing sideways, no breakout yet

Indices
Dow Transportation closed at 10423.57 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 203.04. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Buy. Current – Sell/Sell.

Dow Industrial closed at 24163.15 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 335.15. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope and flat. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.

Russell 2000 closed at 1541.8838 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 21.77. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

Nasdaq 100 gapped up and closed at 6605.5696 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 118.899. 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 2648.05 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 34.88. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell.

Metals and Commodities
WTI Crude oil futures (CL) closed at $68.57 per barrel with a big spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.44. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

Gold futures (GC) closed at 1316.1 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.2. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

Agriculture (DBA) ETF closed at 19.25 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.09. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

Commodities (DBC) ETF closed at 17.56 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.27. 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 143’11 with a doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.938. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.

High Yield bond ETF (HYG) closed at 85.70 with a small doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.16. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Neutral/Sell.

Currencies
The dollar index ($DXY) closed at 91.817 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.4369. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

EUR/USD closed at 1.2077 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0074. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

USD/JPY closed at 109.33 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.434. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

6S(Swiss Franc) – closed at 1.0135 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0048. 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, XLU, XLV and XLK.

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

Market Internals
Market sentiment is bullish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping downwards showing distribution. Vix is at 15.93 and Vix futures at 16.60. SKEW is at 130.77.

The Week Ahead
The indices have been volatile for a while and there is little direction in the market. Market internals are showing neither bullishness nor bearishness. Vix and Vix futures have been trending down. Skew is normal. The prognosis is for continued listlessness in the market but the overall intermediate term direction is likely to be downwards.

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