Bursa KLCI

6 June 2018 – Indices surged upwards

Indices
Dow Transportation closed at 10838.98 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 138.67. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Buy. Current – Sell/Buy. Negative divergence signal.

Dow Industrial closed at 25146.39 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 292.32. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. It is in a daily and weekly Squeeze.

Russell 2000 closed at 1675.949 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.73. 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 7210.0817 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 71.54. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

S&P 500 closed at 2772.35 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 23.93. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.

Metals and Commodities
WTI Crude oil futures (CL) closed at $65.01 per barrel with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.69. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

Gold futures (GC) closed at 1300.6 with a doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 8.4. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.

Agriculture (DBA) ETF closed at 18.73 with an inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1347. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

Commodities (DBC) ETF closed at 17.79 with a bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.16. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

Bonds
Bond futures (/ZB) closed at 142’16 with a bearish candle below its 8 EMA, 21 EMA and 50 EMA. Daily trading range was 1.094. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

High Yield bond ETF (HYG) closed at 85.68 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.33. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Neutral/Buy. It is in a daily and weekly Squeeze.

Currencies
The dollar index ($DXY) closed at 93.614 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.469. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Neutral/Sell. Negative divergence.

EUR/USD closed at 1.1773 with a bullish candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Daily trading range was 0.0085. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.

USD/JPY closed at 110.17 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.49. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

6S(Swiss Franc) – closed at 1.0145 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.0052. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB, XLV, XLY, XLF, XLI and XLE.

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

Market Internals
Market sentiment remains rather bullish. Market breadth is sloping upwards showing nett gainers to losers. Accumulation/ Distribution is sloping upwards showing accumulation. Skew is at 136.57. Vix is at 11.64 and Vix futures is at 13.05.

The Week Ahead
Market internals continue to show strength. Market sentiment is very bullish. Skew is normal and Vix and Vix futures are low and not showing any sign of fear. Italy could still surprise the market and send it into a tailspin. Other than natural disasters, this market continue to remain strong. The prognosis is for continued movement to the upside.

Futures Summary(daily chart):
ES – Intermediate Buy. Short term Buy/Buy. Exited Daily Squeeze. Weekly Squeeze.
NQ – Intermediate Buy. Short term Buy/Buy. Weekly Squeeze.
YM – Intermediate Buy. Short term Buy/Buy. Daily and Weekly Squeeze.
GC – Intermediate Sell. Short term Neutral/Buy. Weekly Squeeze. Positive divergence.
CL – Intermediate Sell. Short term Sell/Sell.

 

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>