Bursa KLCI

Z5 Fri, 24 May 2024

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Z5 Wed, 22 May 2024

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Z5 Tue, 21 May 2024

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Z5 Mon, 20 May 2024

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Z5 Fri, 17 May 2024

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Z5 Thur, 16 May 2024

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Z5 Wed, 15 May 2024

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Z5 Tue, 14 May 2024

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Bursa Mon, 13 May 2024

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Z5 Fri, 10 May 2024

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Z5 Thur, 9 May 2024

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Z5 Wed, 8 May 2024

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Z5 Tue, 7 May 2024

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Z5 Mon, 6 May 2024

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Z5 Fri 3 May 2024

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Z5 Thur, 2 May 2024

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Z5 Wed, 1 May 2024

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Z5 Tues, 30 April 2024

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Z5 Mon, 29 April 2024

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3 July 2018 – A rise and then the fall

Indices
Dow Transportation closed at 10367.18 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 144.81. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Neutral/Sell. Strong Sell. It is in a weekly Squeeze.

Dow Industrial closed at 24174.82 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 294.03. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Neutral/Sell. It is in a weekly Squeeze. .

Russell 2000 closed at 1660.4198 with a small inverted hammer candle on its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 12.12. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Neutral/Sell.

Nasdaq 100 closed at 7014.5543 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 112.94. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Neutral/Sell.

S&P 500 closed at 2713.22 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 25.42. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Neutral/Sell.

Metals and Commodities
WTI Crude oil futures (CL) closed at $73.97 per barrel with a big spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.54. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate Term – Buy. Current – Buy/Buy. Strong Buy.

Gold futures (GC) closed at 1254 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 19.7. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Sell.

Agriculture (DBA) ETF closed at 17.67 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.11. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.

Commodities (DBC) ETF closed at 17.29 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.25. BuySellTimer is in its positive cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.

Bonds
Bond futures (/ZB) closed at 145’07 with a tiny doji candle above its 8 EMA, 21 EMA and 50 EMA. Daily trading range was 0.4375. BuySellTimer is in its positive cycle. TSI is positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Strong Buy signal.

High Yield bond ETF (HYG) closed at 84.79 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.22. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. It is in a weekly Squeeze. Strong Sell.

Currency
The dollar index ($DXY) closed at 94.869 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.61. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Buy/Buy.

EUR/USD closed at 1.1656 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.0052. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.

USD/JPY closed at 110.58 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.6229. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Strong Buy.

6S(Swiss Franc) – closed at 1.0138 with a small candle on its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0037. BuySellTimer is in a positive cycle. TSI is in a positive cycle and flat. Market direction: Intermediate – Buy. Current – Sell/Buy. It is in a daily Squeeze.

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

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

Market Internals
Market sentiment is slightly bullish. Market breadth continues to slope downwards showing more losers to gainers. Accumulation/ Distribution is sloping upwards showing nett accumulation. Skew is at 134.57. Vix is at 16.14 and Vix futures is at 16.10.

The Week Ahead
Market internals has been losing strength and may be stabilising. Skew is normal. Vix and Vix futures have increased to be above 16. The market is expecting the volatility to continue. Market sentiment is slightly bullish. Uncertainty continues with a possibility of a Global Trade War. The prognosis is for continuing volatility.

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

 

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.


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