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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)

Academy of Stocks, Options, Futures and Forex (SOFF Academy)

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Background
I am Jeff Toh and founder of the Academy of Stocks, Options, Futures and Forex. I am a Chartered Market Technician (CMT) with over 30 plus years of investing experience. Over the years, I have invested in mutual funds and stocks and traded in options, stocks and futures. I was an engineer in the telecommunications and broadcast industry for about 27 years since graduating from the University of Canterbury, New Zealand in 1986. One of my majoring subject was Expert Systems which has evolved and grown into Artificial Intelligence (AI, 爱) which I have utilised it in my trading systems.

Over the years, I have maintained an interest in AI (爱) and has seen its tremendous progress. Now, with the same dedication that I have spent over the nearly 3 decades in engineering and management, I am pioneering the use of algorithmic and AI (爱) in trading the global stocks, futures and forex market especially in the Asian region.

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21 February 2018 – Volatility continues!

Indices
Dow Transportation closed at 10372.06 with a bullish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 240.66. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.

Dow Industrial closed at 24797.78 with a bearish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 475. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – – Sell/Sell.

Russell 2000 closed at 1531.84 with a graveyard doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 24.801. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.

Nasdaq 100 closed at 6759.2601 with an inverted bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 120.25. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.

S&P 500 closed at 2701.33 with an inverted hammer candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 46.46. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.

Metals and Commodities
WTI Crude oil futures (CL) closed at $61.34 per barrel with a small bearish candle on its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 0.94. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Neutral.

Gold futures (GC) closed at 1326.6 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 14.1. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell. Gold is in its daily Squeeze.

Agriculture (DBA) ETF closed at 18.93 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.13. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Neutral.

Commodities (DBC) ETF closed at 16.60 with a small low closing doji candle above its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 0.11. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Neutral.

Bonds
Bond futures (/ZB) closed at 142’23 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.75. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope. Market direction – Sell/Sell.

High Yield bond ETF (HYG) closed at 85.76 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.645. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.

Currencies
The dollar index ($DXY) closed at 90.124 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.567. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.

EUR/USD closed at 1.2282 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0078. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell. It is in a daily Squeeze.

USD/JPY closed at 107.76 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.629. TSI is in a negative cycle and positive slope. Market direction – Sell/Neutral.

6S(Swiss Franc) – closed at 1.067 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0061. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction is Sell/Sell.

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

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

Market Internals
Market Sentiment is bullish. Market breadth slopes slightly upwards showing slight nett gainers to losers. Market Volume accumulation/distribution is sloping downwards showing distribution. SKEW is 130.03. Vix is at 19.83 and Vix futures is at 18.42.

The Week Ahead
Market internals show some weakening. SKEW is normal. Vix is higher than Vix futures. Market sentiment is still bullish. Market pulled back later part of the trading down and the indices closed bearish. High Yield bond closed bearish. The prognosis is for more volatility.

Futures (daily chart):
ES – Bearish/Bearish
NQ – Neutral/Bullish
YM – Bearish/Bearish
GC – Bearish/Bearish
CL – Neutral/Neutral

Stocks Buy Watchlist
.

Penny Stocks BreakOut
.

 

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.


20 February 2018 – Is the market setting up for the next move upwards?

Indices
Dow Transportation closed at 10340.60 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 170.52. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish/Bearish.

Dow Industrial closed at 24964.75 with a bearish marubozu candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 294.82. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – – Neutral/Bullish.

Russell 2000 closed at 1529.99 with a bearish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 18.87. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Bullish.

Nasdaq 100 closed at 6779.69 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 97.52. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Neutral/Bullish.

S&P 500 closed at 2716.26 with a spinning top doji candle above its 8 EMA and 50 SMA and above its 21 EMA. Daily trading range was 30.84. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Bullish.

Metals and Commodities
WTI Crude oil futures (CL) closed at $61.57 per barrel with a low closing spinning top candle above its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 1.22. BuySellTimer is in a positive cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish/Bearish.

Gold futures (GC) closed at 1331.4 with a big bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 23.4. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish/Bearish. Gold is in its daily Squeeze.

Agriculture (DBA) ETF closed at 18.98 with a long low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.10. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Bullish/Bullish.

Commodities (DBC) ETF closed at 16.62 with a spinning top doji candle above its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 0.099. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Bearish.

Bonds
Bond futures (/ZB) closed at 143’14 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.0312. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction – Bearish/Bearish.

High Yield bond ETF (HYG) closed at 86.45 with a bullish marubozu candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.44. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Bullish.

Currencies
The dollar index ($DXY) closed at 89.728 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.585. TSI is in a negative cycle and positive slope. Market direction – Bullish.

EUR/USD closed at 1.2336 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0092. TSI is in a positive cycle and negative slope. Market direction – Bearish/Bearish. It is in a daily Squeeze.

USD/JPY closed at 107.31 with a bullish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.822. TSI is in a negative cycle and positive slope. Market direction – Bearish/Bearish.

6S(Swiss Franc) – closed at 1.0706 with a big bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.0124. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction is Bullish/Bearish.

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

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

Market Internals
Market Sentiment is bullish. Market breadth slopes slightly upwards showing slight nett gainers to losers. Market Volume accumulation/distribution is sloping upwards showing accumulation. SKEW is 131.63. Vix is at 20.60 and Vix futures is at 18.45.

The Week Ahead
Market internals are showing strength even though the indices are slightly bearish. These are the signs that the smart money is accumulating. The indices have pulled back and looks to be setting up for the next move upwards. The prognosis is that the market is consolidating for the next move upwards.

Futures (daily chart):
ES – Neutral/Bullish
NQ – Neutral/Bullish
YM – Neutral/Neutral
GC – Bearish/Bearish
CL – Bearish/Bearish

Stocks Buy Watchlist
.

Penny Stocks BreakOut
.

 

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.


19 February 2018 – Indecision in the market

Indices
Dow Transportation closed at 10502.33 with a bearish hammer candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 140.81. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Dow Industrial closed at 25219.38 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 283.16. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.

Russell 2000 closed at 1543.55 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 19.29. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.

Nasdaq 100 closed at 6770.6635 with a low closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 82.09. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.

S&P 500 closed at 2732.22 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 29.31. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.

Continue reading 19 February 2018 – Indecision in the market

16 February 2018 – It is a Happy Chinese New Year market


Indices (Weekly chart)
Dow Transportation closed at 10502.33 with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 491.07. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Dow Industrial closed at 25219.38 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 1141.94. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Russell 2000 closed at 1543.55 with a big bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 84.63. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope.

Nasdaq 100 closed at 6770.66 with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 416.30. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

S&P 500 closed at 2619.55 with a big bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 230.70. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Continue reading 16 February 2018 – It is a Happy Chinese New Year market

15 February 2018 – Market continues climbing upwards

Indices
Dow Transportation closed at 10556.35 with a bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 191.92. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Dow Industrial closed at 25200.37 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 394.53. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Russell 2000 closed at 1537.1972 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 20.8902. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Nasdaq 100 closed at 6794.922 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 130.00. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.

S&P 500 closed at 2731.20 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 41.69. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Continue reading 15 February 2018 – Market continues climbing upwards

14 February 2018 – Skew triggers plunge and indices recover

Indices
Dow Transportation closed at 10482.16 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 218.43. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Bearish.

Dow Industrial closed at 24893.49 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 435.59. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Russell 2000 closed at 1522.096 with a big bullish candle below its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 40.60. BuySellTimer is in negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Nasdaq 100 closed at 6675.03 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 163.76. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

S&P 500 closed at 2698.63 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 53.23. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.

Continue reading 14 February 2018 – Skew triggers plunge and indices recover

13 February 2018 – Is Gold breaking out?

Indices
Dow Transportation closed at 10380.71 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 218.43. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Dow Industrial closed at 24640.45 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 284.69. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Russell 2000 closed at 1494.95 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.08. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Nasdaq 100 closed at 6553.86 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 89.21. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

S&P 500 closed at 2662.94 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 31.76. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Continue reading 13 February 2018 – Is Gold breaking out?

12 February 2018 – SKEW is UP! Are the Indices setting up to move downward?

Indices
Dow Transportation closed at 10301.28 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 249.3. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Dow Industrial gapped up and closed at 24601.27 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 474.68. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Russell 2000 closed at 1490.98 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 31.23. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Nasdaq 100 closed at 6523.8513 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 140.98. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

S&P 500 closed at 2656 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 50.16. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Continue reading 12 February 2018 – SKEW is UP! Are the Indices setting up to move downward?

9 February 2018 – Weekly Update – Have the indices found its short-term bottom?


Indices (Weekly chart)
Dow Transportation closed at 10136.61 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 957.11. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Dow Industrial closed at 24190.90 with a bearish candle below its 8 EMA, 21 EMA and above 50 SMA. Weekly trading range was 2160.24. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Russell 2000 closed at 1477.84 with a big bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 110.60. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope.

Nasdaq 100 closed at 6412.6803 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 643.54. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

S&P 500 closed at 2619.55 with a big bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 230.70. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope.

Continue reading 9 February 2018 – Weekly Update – Have the indices found its short-term bottom?

8 February 2018 – Another big fall in the indices

Indices
Dow Transportation closed at 10159.6 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 400.47. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Dow Industrial closed at 24860.46 with a huge bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1054.45. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Bearish.

Russell 2000 closed at 1463.79 with a huge bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 47.47. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Nasdaq 100 closed at 6306.10 with a huge bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 301.86. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

S&P 500 closed at 2581 with a huge bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 104.71. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Bearish.

Continue reading 8 February 2018 – Another big fall in the indices