Bursa KLCI

12 June 2018 – No new catalyst, market slow upward ascend

Indices
Dow Transportation closed at 11088.93 with a small spinning top candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 101.58. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy. It is a daily and weekly Squeeze.

Dow Industrial closed at 25320.73 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 117.33. 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 weekly Squeeze.

Russell 2000 closed at 1682.299 with a small bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.43. 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 7209.1828 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 40.73. 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 2786.85 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.02. 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 $66.07 per barrel with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.5. 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 1299.6 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.5. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Buy/Buy.

Agriculture (DBA) ETF closed at 18.79 with a bullish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.22. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

Commodities (DBC) ETF closed at 17.83 with a small bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.13. 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 142’26 with a doji candle below its 8 EMA, 21 EMA and 50 EMA. Daily trading range was 0.625. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope. Market direction: Intermediate – Buy. Current – Neutral/Sell.

High Yield bond ETF (HYG) closed at 85.89 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.195. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy. It is in a daily and weekly Squeeze.

Currencies
The dollar index ($DXY) closed at 93.468 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.443. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Neutral/Buy. It is in a Squeeze.

EUR/USD closed at 1.1783 with a bearish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.0075. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Neutral.

USD/JPY closed at 110.36 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.524. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

6S(Swiss Franc) – closed at 1.0139 with a small doji candle on its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.0056. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Buy. Current – Neutral/Sell.

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

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

Market Internals
Market sentiment is bullish. Market breadth is sloping upwards showing nett gainers to losers. Accumulation/ Distribution is sloping upwards showing accumulation. Skew is at 142.82. Vix is at 12.34 and Vix futures is at 12.75.

The Week Ahead
Market internals continue to remain strong. Market breadth continues to show gainers to losers. Volume accumulation continues. Skew is normal. Vix and Vix futures is showing no fear. Skew is showing that market participants are taking the short position in anticipation of a quick pullback. The prognosis is for a quick pullback.

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

 

To YOUR wealth!

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