Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)
Futures (ES, NQ, GC, CL) – 27 June 2017
27 June 2017
Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)
Futures (ES, NQ, GC, CL) – 23 June 17
23 June 2017
Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)
Options – 18 December 15 Monthly Income – Bull PUT on SPX
Update
14 December 2015
We closed this CALL credit spread and bought it back for $0.05. Overall, it was a small profit to be redeployed for the next trade.
8 December 2015
We sold a monthly CALL credit spread at 2135/2145 for $1.10. The total Return-on-Risk for this new trade is 1.10/8.90 = 12.36 % excluding transaction cost.
The PUT credit spread was closed for $1.75.
27 November 2015
We sold a monthly PUT credit spread at 2015/2005 for $1.15. The total Return-on-Risk for this new trade is 1.15/8.85 = 13.00 % excluding transaction cost. Expiration is at 9:30 am, 18 December 2015 (EST)
Options – 21 August 15 Monthly Income – Bull PUT on SPX
Update
21 August 2015
This PUT credit spread expired worthless. The Settlement price was 2015.47.
13 July 2015
We sold a monthly PUT credit spread at 1980/1970 for $1.30. The total Return-on-Risk for this new trade is 1.30/8.70 = 14.94 % excluding transaction cost. Expiration is at 9:30 am, 21
August 2015 (EST)
Options – 17 July 15 Monthly Income – Bull PUT on SPX
Update
13 July 2015
We closed this trade by buying it back for $0.05. Option expiration is this coming Friday morning.
15 June 2015
We sold a monthly PUT credit spread at 1980/1970 for $1.30. The total Return-on-Risk for this new trade is 1.30/8.70 = 14.94 % excluding transaction cost. Expiration is at 9:30 am, 17
July 2015 (EST)
Options – 18 June 15 Monthly Income – Bear Call on SPX
Update
5 June 2015
We closed this trade by buying it back for $0.05. Option expiration is another 2 weeks away.
18 May 2015
We sold a monthly CALL credit spread at 2185/2195 for $1.05. The total Return-on-Risk for this new trade is 1.05/8.95 = 11.7 % excluding transaction cost. Expiration is at 9:30 am, 19 June 2015 (EST)
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Background
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Indices Dow Transportation closed at 10741.62 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 179.39. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.
Dow Industrial closed at 24834.41 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 252.93. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Russell 2000 closed at 1625.2374 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.6485. 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 6893.6201 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 63.68. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
S&P 500 closed at 2724.44 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 20.36. 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 $72.13 per barrel with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.08. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1290.5 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.8. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Agriculture (DBA) ETF gapped up and closed at 19.10 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Commodities (DBC) ETF closed at 18.31 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1749. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 141’11 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.5312. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
High Yield bond ETF (HYG) closed at 85.58 with a doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.1189. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Neutral/Buy.
Currencies
The dollar index ($DXY) closed at 93.593 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.4429. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1778 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0073. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
USD/JPY closed at 110.88 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.3879. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.0095 with a bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.0072. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. 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, XLI, XLE, XLF and XLB.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLB, XLI, XLY and XLF respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping upwards. Accumulation/Distribution is showing accumulation. Skew is at 134.61 which is normal. Vix is at 14.19 and Vix futures is at 14.80.
The Week Ahead
The indices are showing that the upward momentum has stalled. Vix and Vix futures are normal and below 15. Skew is normal. Market internals are still showing strength. The prognosis is for a short term pullback.
Futures Summary(daily chart):
ES – Intermediate Buy. Short term Buy/Buy.
NQ – Intermediate Buy. Short term Buy/Buy. Weekly Squeeze.
YM – Intermediate Buy. Short term Neutral/Buy.
GC – Intermediate Sell. Short term Sell/Sell. Weekly Squeeze.
CL – Intermediate Buy. Short term Buy/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.
Indices Dow Transportation closed at 10910.55 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 136.57. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.
Dow Industrial closed at 24542.54 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 203.43. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Russell 2000 closed at 1637.442 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.2724. 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 6905.5323 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 71.92. BuySellTimer is in its negative cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
S&P 500 closed at 2733.01 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.49. 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 $72.66 per barrel with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.36. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1292 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.5. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Agriculture (DBA) ETF gapped up and closed at 18.99 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.15. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Neutral/Buy.
Commodities (DBC) ETF closed at 18.29 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1749. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 141’11 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.7187. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
High Yield bond ETF (HYG) closed at 85.52 with a bullish marubozu candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.13. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Sell/Sell.
Currencies
The dollar index ($DXY) closed at 93.539 with a bearish inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.546. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1790 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0078. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
USD/JPY closed at 109.73 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.576. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.005 with a small doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.0032. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLE, XLK, XLB and XLF.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLI, XLB and XLY respectively.
Market Internals
Market sentiment is rather bullish. Market breadth is sloping upwards meaning more gainers than losers. Market Volume is sloping upwards meaning accumulation. Skew is 134.02. Vix is at 13.08 and Vix futures is at 14.10.
The Week Ahead
Market internals are strong. Market sentiment is rather bullish. Skew is normal. Vix and Vix futures are below 15 which indicate that the market is wary but bullish. The prognosis is for a bullish bias.
Futures Summary(daily chart):
ES – Intermediate Buy. Short term Buy/Buy.
NQ – Intermediate Buy. Short term Buy/Buy. Weekly Squeeze.
YM – Intermediate Buy. Short term Buy/Buy.
GC – Intermediate Sell. Short term Sell/Sell. Weekly Squeeze.
CL – Intermediate Buy. Short term Buy/Buy.
Stocks Buy Watchlist
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Penny Stocks BreakOut
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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.
Indices Dow Transportation closed at 10507.88 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 117.33. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.
Dow Industrial closed at 24542.54 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 262.61. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Russell 2000 closed at 1596.0532 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.59. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. It is in a Squeeze. Market direction: Intermediate – Buy. Current – Buy/Buy.
Nasdaq 100 closed at 6893.2142 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 88.54. 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 2679.79 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 27.13. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. It is in a Squeeze. Market direction – Intermediate – Buy. Current – Buy/Buy.
Indices Dow Transportation closed at 10360.21 with a bullish candle above its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 159.94. BuySellTimer is in its positive cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Buy. Current – Buy/Buy.
Dow Industrial closed at 24360.21 with a small doji candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 214. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. The index has exited its Squeeze. Market direction: Intermediate – Buy. Current – Buy/Buy.
Russell 2000 closed at 1586.3924 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.6981. 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 6815.4826 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 60.57. 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 2671.92 with a small doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 21.14. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction – Intermediate – Buy. Current – Buy/Buy.
Indices Dow Transportation closed at 10361.75 with a small doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 90.63. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Neutral/Sell.
Dow Industrial closed at 24357.32 with a small doji candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 216.03. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. The index is in a Squeeze. Market direction: Intermediate – Buy. Current – Buy/BUy.
Russell 2000 closed at 1578.9476 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 20.399. 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 6821.874 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 50.409. 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 2672.63 with a small doji candle above its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 18.65. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction – Intermediate – Buy. Current – Buy/Buy.
Indices (Weekly chart) Dow Transportation closed at 10370.23 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA. Weekly trading range was 536.5. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Dow Industrial closed at 24262.51 with a high closing spinning top doji candle below its 8 EMA, 21 EMA and above its 50 SMA. Weekly trading range was 966.92. 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 1565.60 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 45.05. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. It is in a Squeeze. Market direction:- Intermediate – Buy, Current – Buy/Buy.
Nasdaq 100 closed at 6769.116 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 243.49. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate term – Buy. Current – Neutral/Buy.
S&P 500 closed at 2663.42 with a high closing doji candle on its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 70.88. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate term – Sell. Current – Sell/Sell.
Indices Dow Transportation closed at 10254.64 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 226.55. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell.
Dow Industrial closed at 23930.15 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 464.84. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
Russell 2000 closed at 1546.558 with a bearish hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 22.0315. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Nasdaq 100 closed at 6643.4793 with a bullish candle on its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 127.43. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.
S&P 500 closed at 2629.73 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 42.52. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. It is in a Squeeze. Market direction – Intermediate – Sell. Current – Sell/Sell.
Indices Dow Transportation closed at 10388.39 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 144.11. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell.
Dow Industrial closed at 24099.05 with a dragonfly doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 309.1. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope and flat. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
Russell 2000 closed at 1550.342 with a bullish candle below its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 23.145. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Nasdaq 100 closed at 6681.9607 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 107.15. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
S&P 500 closed at 2654.80 with a bullish hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 29.86. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell.
Indices Dow Transportation closed at 10423.57 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 203.04. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Buy. Current – Sell/Sell.
Dow Industrial closed at 24163.15 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 335.15. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope and flat. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
Russell 2000 closed at 1541.8838 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 21.77. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Nasdaq 100 gapped up and closed at 6605.5696 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 118.899. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
S&P 500 closed at 2648.05 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 34.88. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell.
Indices (Weekly chart) Dow Transportation closed at 10549.40 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 386.24. BuySellTimer is in its positive cycle. TSI is in its positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Sell/Buy.
Dow Industrial closed at 24311.19 with a high closing spinning top doji candle below its 8 EMA, 21 EMA and above its 50 SMA. Weekly trading range was 756.86. 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 1556.2358 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 34.54. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. It is in a Squeeze. Market direction:- Intermediate – Buy, Current – Buy/Buy.
Nasdaq 100 closed at 6656.3533 with a high closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 223.877. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate term – Buy. Current – Neutral/Sell.
S&P 500 closed at 2669.91 with a high closing doji candle on its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 70.88. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate term – Sell. Current – Sell/Sell.
22 May 2018 – Are the indices rolling over?
Indices
Dow Transportation closed at 10741.62 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 179.39. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.
Dow Industrial closed at 24834.41 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 252.93. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Russell 2000 closed at 1625.2374 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.6485. 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 6893.6201 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 63.68. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
S&P 500 closed at 2724.44 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 20.36. 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 $72.13 per barrel with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.08. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1290.5 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.8. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Agriculture (DBA) ETF gapped up and closed at 19.10 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Commodities (DBC) ETF closed at 18.31 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1749. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 141’11 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.5312. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
High Yield bond ETF (HYG) closed at 85.58 with a doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.1189. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Neutral/Buy.
Currencies
The dollar index ($DXY) closed at 93.593 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.4429. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1778 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0073. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
USD/JPY closed at 110.88 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.3879. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.0095 with a bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.0072. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. 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, XLI, XLE, XLF and XLB.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLB, XLI, XLY and XLF respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping upwards. Accumulation/Distribution is showing accumulation. Skew is at 134.61 which is normal. Vix is at 14.19 and Vix futures is at 14.80.
The Week Ahead
The indices are showing that the upward momentum has stalled. Vix and Vix futures are normal and below 15. Skew is normal. Market internals are still showing strength. The prognosis is for a short term pullback.
Futures Summary(daily chart):
ES – Intermediate Buy. Short term Buy/Buy.
NQ – Intermediate Buy. Short term Buy/Buy. Weekly Squeeze.
YM – Intermediate Buy. Short term Neutral/Buy.
GC – Intermediate Sell. Short term Sell/Sell. Weekly Squeeze.
CL – Intermediate Buy. Short term Buy/Buy.
To YOUR wealth!
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