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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)

Options – 15 May 15 Monthly Income – Bear Call on SPX

Update

6 May 2015

We closed this trade by buying it back for $0.05. Option expiration is next week.

27 April 2015

We sold a monthly CALL credit spread at 2160/2170 for $1.20. The total Return-on-Risk for this new trade is 1.20/8.80 = 13.6 % excluding transaction cost. Expiration is at 9:30 am, 15 May 2015 (EST)

Options – 17 April 15 Monthly Income – Bull PUT on SPX

Update

17 April 2015

The PUT spread expired worthless and we now move on to the next trade.

19 March 2015

We sold a monthly PUT credit spread at 2020/2010 for $1.60. The total Return-on-Risk for this new trade is 1.60/8.40 = 19.05 % excluding transaction cost. Expiration is at 9:30 am, 17 April 2015 (EST)

Weekly Market commentary ending 4 Nov 2016

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17 February 2017 – Nasdaq closes at new all-time high


Indices (Weekly chart)
Dow Transportation touched new all time high at 9566.1 and closed at 9495.39 with a bullish marubozu candle and closed above its moving averages. Weekly trading range was 160.54. Weekly momentum is upward. BuySellTimer remains on its positive cycle.

Dow Industrial touched new all-time high at 20639.87 and closed at 20624.05 with a bullish marubozu candle above its moving averages. Weekly trading range was 316.9199. Weekly momentum remains upward. BuySellTimer remains on its positive cycle.

Russell 2000 touched new all-time high at 1405.21 closed at 1399.8619 with a bullish candle above its moving averages. Weekly trading range was 18.8584. Momentum is upward. BuySellTimer is in positive cycle.

Nasdaq 100 touched all-time high at 5324.72 and closed at all-time high at 5324.7206 with a bullish marubozu candle above its moving averages. Weekly trading range was 86.0304. Momentum remains upward. BuySellTimer is in its positive cycle.

S&P 500 touched all time high at 2351.31 closed at 2351.16 with a bullish marubozu hammer candle above its moving averages. Weekly trading range was 34.75. Momentum remains upward. BuySellTimer remains on its positive cycle.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $53.73 per barrel with a small doji candle above its moving averages. Weekly trading range was $1.27. Momentum is upward. BuySellTimer is in a positive cycle.

Gold futures (GC) closed at 1236.0 with a spinning top doji candle above its 21 EMA and below its 200 week SMA. Weekly trading range was 27.5999. Momentum is upward. BuySellTimer remains in its positive cycle.

Silver futures closed at 17.975 with a small doji candle above its 21 EMA and 50 SMA and below its 200 SMA. Weekly trading range was 0.41. Weekly momentum is upward. BuySellTimer is in its positive cycle.

Agriculture (DBA) ETF closed at 20.59 with a small inverted hammer candle above its 21 EMA but below its 50 SMA. Weekly trading range was 0.33. Momentum is upward. BuySellTimer is in positive cycle.

Commodities (DBC) ETF closed at 15.78 with a small bearish doji candle above its 21 EMA. Weekly trading range was 0.3. Momentum is upward. BuySellTimer is in its positive cycle.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 151’17 with a high closing doji candle below its downsloping 21 EMA. Weekly trading range was 2.4687. Momentum is downward. BuySellTimer has crossed into a negative cycle.

High Yield bond ETF (HYG) closed at 87.77 with a small bullish doji candle above its moving averages. Weekly trading range was 0.6099. BuySellTimer is in its positive cycle.

Currencies (Weekly charts)
The dollar index closed at 100.890 with a doji candle above its 21 EMA. Weekly range is 1.3499. Momentum is upward. BuySellTimer is in its negative cycle.

EUR/USD closed at 1.0614 with a bearish spinning top doji candle below its downsloping 21 EMA. Weekly trading range was 0.0158. Momentum remains downward.

USD/JPY closed at 112.86 with an inverted hammer candle above its 21 EMA. Weekly trading range was 2.338. Weekly momentum remains upward.

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

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

Market Internals
Vix closed at 11.49. Vix futures is at 13.125. Skew is at 141.13. Market sentiment remains bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The indices continue to trend sharply higher. The SKEW is at 141.13 which is elevated. This means that there are many investors hedging out of the money options in anticipation of a pullback. The prognosis is for a short term pause or a pullback in a bull market.

Stock of the Day
The Stock of the Day is URRE. Uranium Resources, INC, is engaged in developing energy-related metals. As of December 16, 2016, the company has developed land position in two prospective lithium brine basins in Nevada and Utah in preparation.

 

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.


16 February 2017 – New highs and a pause in the march higher

Dow Transportation closed at 9474.98 with a bearish hammer candle above its moving averages. Daily trading range was 104.09. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in positive cycle.

Dow Industrial touched all-time high of 20639.87 and closed at 20619.77 with a small doji candle above its moving averages. Daily trading range was 83.0399. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1399.1335 with a bearish candle above its moving averages. Daily trading range was 12.9794. Momentum is upward. Volumetric buying pressure is at 99.5%. BuySellTimer is in its positive cycle.

Nasdaq 100 touched at new all-time high at 5316.79 and closed at 5300.6387 with a spinning top doji candle above its moving averages. Daily trading range was 29.2521. Momentum is upward. Volumetric buying pressure is at 98.8%. BuySellTimer is in a positive cycle.

S&P 500 touched a new all-time high of 2351.31 and closed at 2347.22. Daily trading range was 12.44. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

Metals and Commodities
WTI Crude oil futures closed with a bullish candle above its 21 EMA. Momentum is sideways. It is trading at $53.80 per barrel. BuySellTimer is in positive cycle. It is in a Squeeze.

Gold futures closed with a bullish candle above its 8 EMA and 21 EMA. It is trading at $1239.4 per ounce. Momentum is upward. BuySellTimer is in positive cycle.

Silver futures closed with a bullish candle above its moving averages. It is trading at $18.060 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.

Agriculture (DBA) ETF closed at 20.60 with a bearish marubozu candle above its 21 EMA but below its 200 SMA. Momentum is sideways. BuySellTimer is in a positive cycle.

Commodities (DBC) ETF closed at 15.81 with a bearish candle below its 21 EMA. Momentum is upward. BuySellTimer is in a positive cycle. It is in a Squeeze.

Bonds
Bond futures (ZB) closed with a bullish candle below its 21 EMA but above its 50 SMA. It is trading at 150’23. Momentum is downward. BuySellTimer is in a negative cycle.

High Yield bond ETF (HYG) closed at 87.75 with a bullish candle above its moving averages. Momentum is upward. BuySellTimer is in a positive cycle.

Currencies
Dollar Index (DX) gapped down and closed with a bearish candle below its 8 EMA and 21 EMA. It is trading at 100.485. Momentum is downward. BuySellTimer is in a positive cycle.

EUR/USD closed with a bullish candle above its 50 SMA and 21 EMA. It is trading at 1.0671. Momentum is downward and in a sharp downtrend.

USD/JPY closed with a bearish candle below its 21 EMA and 50 SMA. Momentum is downward. It is trading at 113.41.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLF, XLKI and XLI respectively.

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

Market Internals
Vix closed at 11.76. Vix futures is at 13.05. Skew is at 141.41. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The market continued to trend higher with new highs in the Dow Jones Industrial, Nasdaq 100 and S&P 500. Vix and Vix futures have gone up slightly which means some market players are taking precaution. The prognosis is for a continuing trend higher.

Stock of the Day
The Stock of the Day is URRE. Uranium Resources, INC, is engaged in developing energy-related metals. As of December 16, 2016, the company has developed land position in two prospective lithium brine basins in Nevada and Utah in preparation.

 

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.


15 February 2017 – Raging bull pushes All the Indices to new all-time high!

Dow Transportation touched all-time high of 9566.1 and closed at 9554.35 with a bullish candle above its moving averages. Daily trading range was 114.8099. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in positive cycle.

Dow Industrial touched all-time high of 20620.45 and closed at 20611.86 with a bullish candle above its moving averages. Daily trading range was 124.42. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in positive cycle.

Russell 2000 touched new all-time high of 1405.21 and closed at 1404.2071 with a bullish candle above its moving averages. Daily trading range was 13.1676. Momentum is upward. Volumetric buying pressure is at 99.9%. BuySellTimer is in its positive cycle.

Nasdaq 100 touched and closed at new all-time high at 5302.3926 with a bullish marubozu candle above its moving averages. Daily trading range was 39.8994. Momentum is upward. Volumetric buying pressure is at 99.9%. BuySellTimer is in a positive cycle.

S&P 500 touched a new all-time high of 2351.3 and closed at new all-time high at 2349.25. Daily trading range was 16.49. Momentum is upward. Volumetric buying pressure is at 99.8%. BuySellTimer is in a positive cycle.

Metals and Commodities
WTI Crude oil futures closed with a low closing doji candle on its 21 EMA. Momentum is sideways. It is trading at $53.07 per barrel. BuySellTimer is in positive cycle. It is in a Squeeze.

Gold futures closed with a bullish hammer candle above its 8 EMA and 21 EMA. It is trading at $1236.7 per ounce. Momentum is upward. BuySellTimer is in positive cycle.

Silver futures closed with a bullish high closing spinning top doji candle above its 200 SMA, 8 EMA and 21 EMA. It is trading at $18.025 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.

Agriculture (DBA) ETF closed at 20.66 with a bullish marubozu candle above its 21 EMA. Momentum is upwards. BuySellTimer is in a positive cycle.

Commodities (DBC) ETF closed at 15.91 with a spinning top doji candle above its 21 EMA. Momentum is upward. BuySellTimer is in a positive cycle. It is in a Squeeze.

Bonds
Bond futures (ZB) closed with a bearish hammer candle below its 21 EMA and 50 SMA. It is trading at 150’13. Momentum is downward. BuySellTimer is in a negative cycle.

High Yield bond ETF (HYG) closed at 87.75 with a bullish candle above its moving averages. Momentum is upward. BuySellTimer is in a positive cycle.

Currencies
Dollar Index (DX) closed with a bearish low closing spinning top doji candle above its 8 EMA and 21 EMA. It is trading at 100.975. Momentum is neutral. BuySellTimer is in a positive cycle.

EUR/USD closed with a bullish hammer candle above its 50 SMA. It is trading at 1.0614. Momentum is downward and in a sharp downtrend.

USD/JPY closed with a spinning top doji candle above its 21 EMA and below its 50 SMA. Momentum is upward. It is trading at 114.069.

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

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

Market Internals
Vix closed at 11.97. Vix futures is at 12.85. Skew is at 137.55. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
For the first time in many years, all the indices are at new all-time high! This is a raging bull market. The prognosis is for a continuing bull market.

Stock of the Day
The Stock of the Day is URRE. Uranium Resources, INC, is engaged in developing energy-related metals. As of December 16, 2016, the company has developed land position in two prospective lithium brine basins in Nevada and Utah in preparation.

 

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.


14 Feb 2017 – Bulls continue to push higher

Dow Transportation closed at 9444.22 with a hammer candle above its moving averages. Daily trading range was 65.56. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in positive cycle.

Dow Industrial touched and closed at new all-time high of 20504.41 with a bullish marubozu candle above its moving averages. Daily trading range was 130.3899. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1396.6508 with a hammer candle above its moving averages. Daily trading range was 10.7882. Momentum is upward. Volumetric buying pressure is at 99.2%. BuySellTimer is in its positive cycle.

Nasdaq 100 touched and closed at new all-time high at 5271.0723 with a bullish marubozu candle above its moving averages. Daily trading range was 32.4112. Momentum is upward. Volumetric buying pressure is at 99.8%. BuySellTimer is in a positive cycle.

S&P 500 touched and closed at new all-time high at 2337.58. Daily trading range was 15.4099. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

Metals and Commodities
WTI Crude oil futures closed with a gravestone doji candle on its 21 EMA. Momentum is sideways. It is trading at $53.08 per barrel. BuySellTimer is in positive cycle. It is in a Squeeze.

Gold futures closed with a doji candle on its 8 EMA and above its 21 EMA. It is trading at $1226.7 per ounce. Momentum is upward. BuySellTimer is in positive cycle.

Silver futures closed with a bullish spinning top doji candle above its moving averages. It is trading at $17.920 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.

Agriculture (DBA) ETF closed at 20.54 with a bullish marubozu candle on its 21 EMA. Momentum is sideways. BuySellTimer is in a positive cycle.

Commodities (DBC) ETF closed at 15.89 with a bearish hammer candle above its 21 EMA. Momentum is upward. BuySellTimer is in a positive cycle.

Bonds
Bond futures (ZB) closed with a bearish hammer candle below its 21 EMA. It is trading at 150’15. Momentum is downward. BuySellTimer is in a negative cycle.

High Yield bond ETF (HYG) closed at 87.72 with a bullish candle above its 21 EMA. Momentum is upward. BuySellTimer has crossed into a positive cycle.

Currencies
Dollar Index (DX) closed with a bullish spinning top doji candle above its 21 EMA. It is trading at 101.185. Momentum is upward. BuySellTimer is in a positive cycle.

EUR/USD closed with a bearish candle below its moving averages. It is trading at 1.0567. Momentum is downward and in a sharp downtrend.

USD/JPY closed with a bullish candle above its 21 EMA and below its 50 SMA. Momentum is upward. It is trading at 114.461.

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

On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLB,XLV and XLU respectively.

Market Internals
Vix closed at 10.74. Vix futures is at 12.35. Skew is at 133.66. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The Nasdaq 100, S&P 500 and Dow Jones Industrial continue to make new all-time high. Market internals are strong. The prognosis is for a continuing bull market.

Stock of the Day
The Stock of the Day is URRE. Uranium Resources, INC, is engaged in developing energy-related metals. As of December 16, 2016, the company has developed land position in two prospective lithium brine basins in Nevada and Utah in preparation.

 

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.


13 February 2017 – Ever higher!

Dow Transportation closed at 9475.78 with a bullish marubozu candle above its moving averages. Daily trading range was 89.43. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer has crossed into positive cycle.

Dow Industrial touched new all-time high of 20412.16 and closed at 20412.16 with a bullish candle above its moving averages. Daily trading range was 118.5299. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1392.3784 with an inverted hammer candle above its moving averages. Daily trading range was 8.6625. Momentum is upward. Volumetric buying pressure is at 66.4%. BuySellTimer is in its positive cycle. The index has exited its daily Squeeze.

Nasdaq 100 gapped up and touched new all-time high at 5256.8156 and closed at 5256.8156 with a bullish candle above its moving averages. Daily trading range was 21.4134. Momentum is upward. Volumetric buying pressure is at 99.8%. BuySellTimer is in a positive cycle.

S&P 500 gapped up and touched new all-time high at 2331.58 and closed at 2328.25. Daily trading range was 10.1599. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

Continue reading 13 February 2017 – Ever higher!

10 February 2017 – Weekly Review – Bulls on the Run with New All-Time Highs


Indices (Weekly chart)
Dow Transportation closed at 9393.79 with a bullish marubozu candle and closed above its moving averages. Weekly trading range was 252.4. Weekly momentum is upward. BuySellTimer remains on its positive cycle.

Dow Industrial hit new high at 20298.21 and closed at 20269.37 with a bullish candle above its moving averages. Weekly trading range was 295.3999. Weekly momentum remains upward. BuySellTimer remains on its positive cycle.

Russell 2000 closed at 1388.00 with a bullish hammer candle above its moving averages. Weekly trading range was 45.3. Momentum is upward. BuySellTimer is in positive cycle.

Nasdaq 100 touched all-time high at 5226.6858 and closed at 5226.6858 with a bullish marubozu hammer candle above its moving averages. Weekly trading range was 86.209. Momentum remains upward. BuySellTimer is in its positive cycle.

S&P 500 touched all time high at 2319.10 closed at 2316.10 with a bullish marubozu hammer candle above its moving averages. Weekly trading range was 34.75. Momentum remains upward. BuySellTimer remains on its positive cycle.

Continue reading 10 February 2017 – Weekly Review – Bulls on the Run with New All-Time Highs

9 February 2017 – Indices break out to new all-time high

Dow Transportation closed at 9331.17 with a bullish marubozu candle above its moving averages. Daily trading range was 121.02. Momentum is upward. Volumetric buying pressure is at 99.6%. BuySellTimer has crossed into positive cycle.

Dow Industrial touched new all-time high of 20206.36 and closed at 20172.40 with a bullish marubozu candle above its moving averages. Daily trading range was 144.63. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1378.5264 with a big bullish marubozu candle above its moving averages. Daily trading range was 20.4244. Momentum is sideways. Volumetric buying pressure is at 62.8%. BuySellTimer is in its positive cycle. The index is in a daily Squeeze.

Nasdaq 100 touched new all-time high of 5221.62 and closed at 5212.1559 with a bullish candle above its moving averages. Daily trading range was 25.5487. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

S&P 500 touched new all-time high of 2311.08 and closed at 2307.87. Daily trading range was 14.4699. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

Continue reading 9 February 2017 – Indices break out to new all-time high

8 February 2017 – Another new high in the Nasdaq

Dow Transportation closed at 9245.89 with a bullish candle above its 21 EMA. Daily trading range was 92.9399. Momentum is neutral. Volumetric buying pressure is at 94.3%. BuySellTimer is in negative cycle.

Dow Industrial closed at 20054.34 with a small doji candle above its moving averages. Daily trading range was 52.9499. Momentum is upward. Volumetric buying pressure is at 99.5%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1358.7371 with a hammer candle below its 21 EMA and 50 SMA. Daily trading range was 11.0402. Momentum is sideways. Volumetric buying pressure is at 23.7%. BuySellTimer is in its negative cycle. The index is in a daily Squeeze.

Nasdaq 100 touched new high of 5201.57 and closed at 5196.577 with a bullish candle above its moving averages. Daily trading range was 32.5814. Momentum is upward. Volumetric buying pressure is at 99.9%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2294.67 with a bullish candle above its moving averages. Daily trading range was 10.5299. Momentum is upward. Volumetric buying pressure is at 93.4%. BuySellTimer is in a neutral cycle.

Continue reading 8 February 2017 – Another new high in the Nasdaq

7 February 2017 – New Highs in Nasdaq and Dow Industrial

Dow Transportation closed at 9213.36 with a small bearish candle on its 21 EMA. Daily trading range was 79.3299. Momentum is neutral. Volumetric buying pressure is at 82.2%. BuySellTimer is in negative cycle.

Dow Industrial touched new high at 20155.35 and closed at 20090.29 with a doji candle above its moving averages. Daily trading range was 86.6699. Momentum is upward. Volumetric buying pressure is at 91.5%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1361.0607 with a bearish candle below its 21 EMA and on its 50 SMA. Daily trading range was 14.2709. Momentum is upward. Volumetric buying pressure is at 0%. BuySellTimer is in its negative cycle. The index is in a daily Squeeze.

Nasdaq 100 gapped up and touched new all-time high of 5197.27 and closed at 5185.8774 with a small spinning top doji candle above its moving averages. Daily trading range was 21.9259. Momentum is upward. Volumetric buying pressure is at 99.9%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2293.08 with a bearish spinning top doji candle above its moving averages. Daily trading range was 9.24. Momentum is upward. Volumetric buying pressure is at 82.6%. BuySellTimer is in a neutral cycle.

Continue reading 7 February 2017 – New Highs in Nasdaq and Dow Industrial

6 February 2017 – A consolidating market

Dow Transportation closed at 9231.82 with a low closing doji candle on its 21 EMA. Daily trading range was 108.64. Momentum is neutral. Volumetric buying pressure is at 93%. BuySellTimer is in negative cycle.

Dow Industrial closed at 20052.42 with a small spinning top doji candle above its 21 EMA. Daily trading range was 92.1399. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in positive cycle.

Russell 2000 closed at 1366.66 with a bearish marubozu candle above its 21 EMA and 50 SMA. Daily trading range was 12.7064. Momentum is upward. Volumetric buying pressure is at 46.2%. BuySellTimer is in its negative cycle. The index is in a daily Squeeze.

Nasdaq 100 closed at 5167.9626 with a small bullish marubozu candle above its moving averages. Daily trading range was 19.9003. Momentum is upward. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2292.56 with a bearish spinning top doji candle above its 21 EMA and 8 EMA. Daily trading range was 7.6099. Momentum is upward. Volumetric buying pressure is at 93.3%. BuySellTimer is in a slightly negative cycle.

Continue reading 6 February 2017 – A consolidating market