Bursa KLCI

Z5 Fri, 14 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 13 June 2024

Z5 Daily
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Z5 Wed, 12 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 11 June 2024

Z5 Daily
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Z5 Mon, 10 June 2024

Z5 Daily
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Z5 Fri, 7 June 2024

Z5 Daily
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Z5 Thur, 6 June 2024

Z5 Daily
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Z5 Wed, 5 June 2024

Z5 Daily
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Z5 Tue, 4 June 2024

Z5 Daily
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Z5 Mon, 3 June 2024

Z5 Daily
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Z5 Fri 31 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 30 May 2024

Z5 Daily
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Z5 Wed, 29 May 2024

Z5 Daily
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Z5 Tues, 28 May 2024

28

Z5 Daily
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Z5 Mon, 27 May 2024 – Memorial Day

Z5 Daily
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Z5 Fri, 24 May 2024

Bursa Daily
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Z5 Thur, 23 May 2024

Bursa Daily
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Z5 Wed, 22 May 2024

Bursa Daily
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Z5 Tue, 21 May 2024

Bursa Daily
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Z5 Mon, 20 May 2024

Bursa Daily
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20 March 2019 – Indices pull back, Trade talks might fail?

Indices
Dow Transportation closed at 10143.26 with a bearish hammer candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range was 207.4. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.

Dow Industrial closed at 25745.67 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 258.89. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and rising slope. Market direction – Sell. 

Russell 2000 closed at 1543.16 with a bearish candle below its 8 EMA, 21 EMA and 200 SMA and above its 50 SMA. Daily trading range was 26.33. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7380.75 with a bullish spining top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 104.33. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 (SPX) closed at 2824.23 with a small spinning top bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 31.11. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $59.99 per barrel with a bullish candle above its 8EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 1.72. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.     

Gold futures (GC) closed at 1312.5 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 19.1. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

Commodities (DBC) ETF closed at 16.16 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.15. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.   

Bonds
Bond futures (/ZB) closed at 147’00 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.4375. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

High Yield bond ETF (HYG) closed at 86.17 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.65. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy. 

Currency
The dollar index ($DXY) closed at 95.929 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.833. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.    

EUR/USD closed at 1.1412 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0112. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. It is in a weekly Squeeze.

USD/JPY closed at 110.68 with a bearish candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range was 1.157. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

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

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

Market Internals
Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers to gainers. Volume Acc/Dis is sloping downwards and showing distribution. Skew is at 120.59. Vix is at 13.91 and Vix Futures is at 15.45.  

The Week Ahead 
Market Internals have now weakened with the market breadth showing nett loss and the market volume showing distribution. Market sentiment remains slightly bullish. Trade talks between China and USA look like it might not succeed if USA is unprepared to lift tariffs. The prognosis is for the indices to trend downwards.

To YOUR wealth!
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