Bursa KLCI

22 June 2018 – Weekly Review – Beginning of Global Tariffs


Indices (Weekly chart)
Dow Transportation closed at 10773.20 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 336.05. BuySellTimer is in its positive cycle. TSI is in its positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Neutral/Buy.

Dow Industrial closed at 24580.89 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 596.47. 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 1685.5766 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 35.44. 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 7197.5119 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 171.97. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. It has just exited its weekly Squeeze. Market direction:- Intermediate term – Buy. Current – Buy/Buy.

S&P 500 closed at 2754.88 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 31.8. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. It is in a weekly Squeeze. Market direction. Intermediate term – Buy. Current – Buy/Buy.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $69.28 per barrel with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 5.98. 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 1271.1 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 24.4. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. It is in a weekly and monthly Squeeze. Market direction:- Intermediate Term – Sell. Current – Sell/Sell.

Agriculture (DBA) ETF gapped down and closed at 18.21 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.63. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. It is in a weekly and monthly Squeeze. Market direction:- Intermediate Term – Sell. Short term – Sell/Sell.

Commodities (DBC) ETF closed at 17.43 with a bullish hammer candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.35. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Buy. Current – Sell/Sell. Negative divergence.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 144’00 with a small doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 1.75. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Buy/Buy.

High Yield bond ETF (HYG) closed at 85.91 with a small bearish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.26. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Buy/Buy.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 94.520 with a bearish inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.0949. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.

EUR/USD closed at 1.1652 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0166. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Sell/Sell.

USD/JPY closed at 109.95 with bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Weekly trading range was 1.207. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.

6S (Swiss Franc) closed at 1.0198 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.0117. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive 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 XLY, XLU, XLP, XLV and XLK respectively.

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

Market Internals
Market Sentiment is bullish. Market Breadth has flattened. Market Volume is sloping upwards showing accumulation. Skew is at 140.54. Vix is at 13.77 and Vix futures 14.55.

The Week Ahead
Market internals are showing signs of strengthening but is currently indecisive. Vix is above 13 and Vix futures is above 14. The market is preparing for further pullbacks. Skew is normal but at the higher end. This will be the place to watch as it shows signs that investors might start to short-sell the market. The prognosis is for an indecisive market.

Futures (Daily Chart):
ES – Intermediate Term – Buy. Current – Sell/Sell. Weekly Squeeze.
NQ – Intermediate Term – Buy. Short Term – Sell/Sell.
YM – Intermediate Term – Sell. Short Term – Sell/Sell. Weekly Squeeze.
GC – Intermediate Term – Sell. Short Term – Sell/Sell. Weekly Squeeze.
CL – Intermediate Term – Buy. Short Term – Buy/Buy. Daily Squeeze.

Stocks Buy Watchlist
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Penny Stocks BreakOut
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To YOUR wealth!

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