Futures (ES, NQ, GC, CL) – 28 June 2017
28 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) – 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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Dow Transportation traded down and closed at 9857.15 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 151.94. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope. The close did not break the downfractal support.
Dow Industrial touched new all-time high at 22960.12 and closed at 22956.96 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 73. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 closed at 1502.6811 with a doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 11.65. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Nasdaq 100 gapped up and touched new all-time high at 6115.53 and closed at 6114.5258 with a hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 19.9. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2559.47 and closed at 2557.64 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.83. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $51.92 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Gold futures closed at $1297.2 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Agriculture ETF (DBA) closed at 19.05 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope. It is in a Squeeze.
Commodities ETF (DBC) gapped up, traded downwards and closed at 15.62 with a bearish low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Bonds
Bond futures (ZB) closed at 153’25 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
High Yield bond ETF (HYG) closed at 88.38 with a bearish hammer candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 93.274 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in a positive cycle and positive slope.
EUR/USD closed at 1.1795 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
USD/JPY closed at 112.18 with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is downwards. TSI is in positive cycle and negative slope.
Swiss Franc (6S) futures closed at 1.0288 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLB, XLE and XLI respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLB, XLI and XLK respectively.
Market Internals
Vix closed at 9.91. Vix futures is at 10.29 Skew is at 147.53. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to remain strong. The indices continue to touch new all-time highs although Dow Transportation has pulled back. The Vix and Vix futures are extremely low indicating the market is not anticipating any weakness. Skew is at 147.53 which is extremely elevated! The prognosis is for the market to pull back from its current highs.
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Indices (Weekly chart)
Dow Transportation touched all-time high at 10080.51 and closed at 9936.22 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 243.55. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Dow Industrial touched all-time high of 22905.33 and closed at 22871.72 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 165.95. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Russell 2000 closed at 1502.6577 with a small bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 12.16. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Nasdaq 100 touched all-time high of 6100.06 and closed at 6092.4529 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 63.35. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
S&P 500 touched all-time high at 2557.65 and closed at 2553.17 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 16.05. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $51.42 per barrel with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.589. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.
Gold futures (GC) closed at 1306.1 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 28.7. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.
Agriculture (DBA) ETF closed at 19.14 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.23. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope.
Commodities (DBC) ETF gapped down and closed at 15.58 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.394. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’05 with a bullish marubozu candle on its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 2.281. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.33 with a small bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.25. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 93.055 with a bearish candle on its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 1.094. TSI is in a negative cycle and positive slope.
EUR/USD closed at 1.1820 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.016. TSI is in a positive cycle and negative slope.
USD/JPY closed at 111.81 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 1.137. TSI is in a positive cycle and positive slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLI, XLB, XLE and XLU respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLB, XLI, XLK and XLV respectively.
Market Internals
Market Sentiment is positive. Market Breadth is sloping upwards. Volumetric Acc/Dis is sloping downwards. SKEW is at 138.28. Vix is at 9.61 and Vix futures is at 10.275.
The Week Ahead
It has been a week of new highs in the indices. Vix and Vix futures are showing no fear in the market. Indices continue to make new high on the strength of the US economy. The prognosis is for continued strength in the indices.
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Dow Transportation touched all-time high at 10049.73 and closed at 10038.13 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 89.14. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched new all-time high at 22884.82 and closed at 22841.01 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 63.69. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 closed at 1505.1636 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 5.47. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Nasdaq 100 touched new all-time high at 6093.76 and closed at 6069.99 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 30.29. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2555.33 and closed at 2550.93 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7.02. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $50.74 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Gold futures closed at $1295.9 with a doji candle above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Agriculture ETF (DBA) closed at 19.07 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. It is in a Squeeze.
Commodities ETF (DBC) gapped down, traded upwards and closed at 15.43 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Bonds
Bond futures (ZB) closed at 153’06 with a bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
High Yield bond ETF (HYG) closed at 88.29 with a bearish marubozu candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 93.098 with a bullish candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Momentum is downwards. TSI is in a positive cycle and negative slope.
EUR/USD closed at 1.1829 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is upwards. TSI is in negative cycle and positive slope.
USD/JPY closed at 112.27 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is downwards. TSI is in positive cycle and negative slope.
6S (Swiss Franc futures) closed at 1.0294 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLI, XLK, XLE, XLB and XLU respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLB, XLI, XLK and XLV respectively.
Market Internals
Vix closed at 9.91. Vix futures is at 10.61. Skew is at 136.36. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to remain strong. The indices continue to touch new all-time highs. The Vix and Vix futures are extremely low indicating the market is not anticipating any weakness. The prognosis is for the market to continue to break out to new highs.
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APPS, ARDM, ARWR, ATRS, BHF, CASI, CLSN, DMTX, FCEL, FENG, HOV, IDRA, INAP, ITEK, PDLI, PLUG, PSTI, RNN, SRAX, SRNE, TGB, VKTX and WPRT.
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Dow Transportation traded upwards and closed at 9976.66 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 63.6. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched new all-time high at 22872.89 and closed at 22872.89 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 51.23. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 closed at 1506.9245 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 5.47. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Nasdaq 100 closed at 6081.25 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 29.80. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2555.24 and closed at 2555.24 with a bullish maurbozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.37. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $51.02 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Gold futures closed at $1293.9 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Agriculture ETF (DBA) closed at 19.10 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. It is in a Squeeze.
Commodities ETF (DBC) gapped up and closed at 15.45 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Bonds
Bond futures (ZB) closed at 152’14 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.39 with a bearish marubozu candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 92.957 with a bearish candle below its 8 EMA and 21 EMA and found support on its 50 SMA. Momentum is downwards. TSI is in a positive cycle and negative slope.
EUR/USD closed at 1.1857 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in negative cycle and positive slope.
USD/JPY closed at 112.48 with a doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.
6S (Swiss Franc futures) closed at 1.0318 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLE, XLI, XLB and XLU respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLB, XLI, XLK and XLV respectively.
Market Internals
Vix closed at 9.85. Vix futures is at 10.75. Skew is at 138.74. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to remain and Dow Industrial and S&P 500 made new all-time highs. The Vix and Vix futures are indicating no fear immediately and in the near term futures. The prognosis is for the market to continue to break out to new highs.
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Dow Transportation gapped up and closed at 9928.48 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 68. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Dow Industrial touched new all-time high at 22850.51 and closed at 22830.68 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 79.52. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 closed at 1508.00 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7.412. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Nasdaq 100 touched new all-time high at 6084.14 and closed at 6063.5217 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 47.42. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2555.23 and closed at 2550.64 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.37. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $50.94 with a bullish candle above its 8 EMA, 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Gold futures closed at $1290.3 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Agriculture ETF (DBA) closed at 19.08 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. It is in a Squeeze.
Commodities ETF (DBC) gapped up and closed at 15.42 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Bonds
Bond futures (ZB) closed at 152’05 with a big doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
High Yield bond ETF (HYG) gapped up and closed at 88.48 with a bearish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 93.26 with a big bearish candle below its 8 EMA and above 21 EMA and 50 SMA. Momentum is downwards. TSI is in a positive cycle and negative slope.
EUR/USD closed at 1.1738 with a bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is upwards. TSI is in negative cycle and positive slope.
USD/JPY closed at 112.43 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.
6S (Swiss Franc futures) closed at 1.03 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLK, XLI, XLB, XLU and XLY respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLB, XLI, XLK and XLV respectively.
Market Internals
Vix closed at 10.08. Vix futures is at 10.95. Skew is at 139.24. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution has flattened.
The Week Ahead
Market internals remain strong and three of the indices touched new all-time highs and also closed with dojis which is sign of indecision.
Vix is low and Vix futures is below 11 which is exceptionally low. This is telling us that the market is not expecting near time spike in volatility. The prognosis is that the market remains strong with signs of weakening.
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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.
Dow Transportation closed at 9864.89 with a spinning top doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 82.94. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Dow Industrial touched new all-time high at 22803.37 and closed at 22761.07 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 63.99. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 closed at 1503.56 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.53. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Nasdaq 100 touched new all-time high at 6078.8 and closed at 6058.5309 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 27.48. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 closed at 2544.73 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.22. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $49.56 with a bullish candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Gold futures closed at $1286.4 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Agriculture ETF (DBA) closed at 18.96 with a bearish candle below its 8 EMA and 50 SMA and above its 21 EMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope. It is in a Squeeze.
Commodities ETF (DBC) closed at 15.24 with a doji candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Bonds
Bond futures (ZB) closed at 152’07 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.41 with a bearish spinning top doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 93.721 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in a positive cycle and positive slope.
EUR/USD closed at 1.1739 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in negative cycle and positive slope.
USD/JPY closed at 112.66 with a small high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and positive slope.
6S (Swiss Franc futures) closed at 1.0256 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLB, XLI and XLK respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLB, XLK, XLI and XLV respectively.
Market Internals
Vix closed at 10.33. Vix futures is at 11.03. Skew is at 139.83. Market sentiment is bullish. Market breadth has flattened. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals is still strong but shows signs of weakening. Vix has just risen above 10 and Vix futures has risen above 11. Dow Industrial, Russell 2000 and Nasdaq 100 continued to make new highs. The prognosis is that the market remains strong with signs of weakening.
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Indices (Weekly chart)
Dow Transportation touched all-time high at 10010.44 and closed at 9886.88 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 168.42. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Dow Industrial touched all-time high of 22777.04 and closed at 22773.67 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 361.04. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Russell 2000 touched all-time high at 1514.94 and closed at 1510.2168 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 23.89. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope. The index has exited its weekly Squeeze.
Nasdaq 100 closed at 6064.67 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 108.85. BuySellTimer is in its negative cycle. TSI is in a positive cycle and positive slope.
S&P 500 touched all-time high at 2552.51 and closed at 2549.33 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 32.11. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $49.25 per barrel with a bearish marubozu candle between its 8 EMA and 21 EMA and 50 SMA. Weekly trading range was 2.61. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.
Gold futures (GC) closed at 1278.9 with a high closing doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 22.2. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.
Agriculture (DBA) ETF closed at 19.09 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.32. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope.
Commodities (DBC) ETF gapped down and closed at 15.23 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.35. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 152’06 with a bearish doji candle below its 8 EMA and 21 EMA and 50 SMA. Weekly trading range was 2.03. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.40 with a small candle between its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 0.29. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 93.795 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 1.143. TSI is in a negative cycle and positive slope.
EUR/USD closed at 1.1727 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.0145. TSI is in a positive cycle and negative slope.
USD/JPY closed at 112.61 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.114. TSI is in a negative cycle and positive slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLI, XLE, XLB and XLK respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLK, XLB, XLI and XLV respectively.
Market Internals
Market Sentiment is slightly positive. Market Breadth is sloping upwards. Volumetric Acc/Dis is sloping upwards. SKEW is at 140.35. Vix is at 9.65 and Vix futures is at 10.825.
The Week Ahead
It has been a week of new highs in the indices. Nasdaq 100 is in weekly Squeeze and looks set to break out to new highs. The leading indicators of Dow Transportation and Russell 2000 could be taking a breather this coming week. Market internals remains strong. The prognosis is for a less bullish action in the indices.
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Dow Transportation gapped down and closed at 9909.42 with a small hammer candle above its moving averages. Daily trading range was 52.26. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched new all-time high at 22777.04 and closed at 22775.39 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 121.9. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 touched all-time high at 1514.94 and closed at 1512.088 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.60. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 gapped up and touched new all-time high at 6059.21 and closed at 6057.143 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 44.44. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2552.51, traded upwards and closed at 2552.07 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 12.49. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $50.75 with a bullish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Gold futures closed at $1270.6 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
Agriculture ETF (DBA) closed at 19.05 with a bullish marubozu candle above its 8 EMA and 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and flat slope. It is in a Squeeze.
Commodities ETF (DBC) gapped up and closed at 15.47 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and positive slope.
Bonds
Bond futures (ZB) closed at 152’09 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.53 with a bullish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 93.487 with a hammer candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in a positive cycle and positive slope.
EUR/USD closed at 1.1758 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
USD/JPY closed at 112.74 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope. The Linear Regression Slope is showing that it is about to turn.
6S (Swiss Franc futures) closed at 1.0306 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLI, XLB and XLK respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLK, XLB, XLI and XLV respectively.
Market Internals
Vix closed at 9.19. Vix futures is at 10.88. Skew is at 140.33. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to show strength. Vix is below 10 and Vix futures is below 11 which is unheard of. CBOE SKEW has dropped to below 142 which is normal. The Dow Industrial, Russell 2000 and S&P 500 are making new highs. This is a very strong market and the prognosis is for new highs in the indices.
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Dow Transportation touched new all-time high of 10010.44 and closed at 9921.84 with a bearish candle above its moving averages. Daily trading range was 92.55. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched new all-time high at 22685.94 and closed at 22661.64 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 83.42. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 touched all-time high at 1514.77 and closed at 1507.77 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.70. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 closed at 5998.836 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 33.69. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2540.53, traded upwards and closed at 2537.74 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.73. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $49.9 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Gold futures closed at $1277.5 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
Agriculture ETF (DBA) closed at 18.92 with a doji candle on its 8 EMA and 21 EMA and below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and flat slope. It is in a Squeeze.
Commodities ETF (DBC) closed at 15.30 with a small spinning top doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Bonds
Bond futures (ZB) closed at 152’25 with a big doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.42 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 93.487 with a hammer candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in a positive cycle and positive slope.
EUR/USD closed at 1.1758 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
USD/JPY closed at 112.74 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope. The Linear Regression Slope is showing that it is about to turn.
6S (Swiss Franc futures) closed at 1.0306 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLI and XLB respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLK, XLB, XLI and XLV respectively.
Market Internals
Vix closed at 9.63. Vix futures is at 11.30. Skew is at 144.19. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to show strength. Vix is below 10 and Vix futures is below 12 which means the market is not expecting near term future volatility. CBOE Skew is over 142 which usually means there are market participants buying cheap OTM Put Options. The indices continue to make new all-time highs and the prognosis is for a pullback is expected in the coming days.
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Dow Transportation touched new all-time high of 9978.71 and closed at 9973.8 with a bullish marubozu candle above its moving averages. Daily trading range was 71.73. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched new all-time high at 22646.32 and closed at 22641.67 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 83.42. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 touched all-time high at 1512.26 and closed at 1511.97 with a bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 18.42. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 closed at 5995.06 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 22.54. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2535.13, traded upwards and closed at 2534.58 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.28. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $50.18 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Gold futures closed at $1274.1 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope. It continues on its Sell Short trade on its daily chart.
Agriculture ETF (DBA) closed at 18.92 with a doji candle on its 8 EMA and 21 EMA and below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and flat slope. It is in a Squeeze.
Commodities ETF (DBC) closed at 15.28 with a small spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Bonds
Bond futures (ZB) closed at 152’25 with a high closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.51 with a bullish marubozu candle on its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 93.621 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in a positive cycle and positive slope.
EUR/USD closed at 1.1695 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
USD/JPY closed at 112.83 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope. The Long signal remains.
6S (Swiss Franc futures) closed at 1.032 with a high closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. There is now a Short Sell signal.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLI and XLB respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLK, XLB, XLI and XLV respectively.
Market Internals
Vix closed at 9.51. Vix futures is at 11.43. Skew is at 137.15. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to show strength. Vix is below 10 and Vix futures is below 12 indicating that the market is not expecting near term future volatility. The indices continue to make new all-time highs. The prognosis is for continuing uptrend in the indices.
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Weekly market commentary ending 13 October 2017Weekly Market Review ending 6 October 2017Weekly market review ending 29 September 2017Weekly Market Review ending 22 September 2017Weekly Market Review ending 15 September 2017Weekly Market Review ending 8 September 2017Weekly Market commentary ending 1 September 2017Weekly Market commentary ending 25 August 2017Weekly Market commentary ending 18 August 2017Weekly market commentary ending 11 August 2017Weekly market commentary ending 4 August 2017 |
16 October 2017 – Is the market ready for a pullback?
Dow Transportation traded down and closed at 9857.15 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 151.94. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope. The close did not break the downfractal support.
Dow Industrial touched new all-time high at 22960.12 and closed at 22956.96 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 73. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 closed at 1502.6811 with a doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 11.65. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Nasdaq 100 gapped up and touched new all-time high at 6115.53 and closed at 6114.5258 with a hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 19.9. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2559.47 and closed at 2557.64 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 6.83. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $51.92 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Gold futures closed at $1297.2 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Agriculture ETF (DBA) closed at 19.05 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope. It is in a Squeeze.
Commodities ETF (DBC) gapped up, traded downwards and closed at 15.62 with a bearish low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Bonds
Bond futures (ZB) closed at 153’25 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
High Yield bond ETF (HYG) closed at 88.38 with a bearish hammer candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 93.274 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in a positive cycle and positive slope.
EUR/USD closed at 1.1795 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
USD/JPY closed at 112.18 with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is downwards. TSI is in positive cycle and negative slope.
Swiss Franc (6S) futures closed at 1.0288 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLB, XLE and XLI respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLB, XLI and XLK respectively.
Market Internals
Vix closed at 9.91. Vix futures is at 10.29 Skew is at 147.53. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to remain strong. The indices continue to touch new all-time highs although Dow Transportation has pulled back. The Vix and Vix futures are extremely low indicating the market is not anticipating any weakness. Skew is at 147.53 which is extremely elevated! The prognosis is for the market to pull back from its current highs.
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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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