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Marker Animations

FRED

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

MTA seminar to be held on the 9th May 2017

26 April 2017 – Indices consolidate

Dow Transportation closed at 9167.74 with a bearish candle below its 50 SMA but above its 21 EMA. Daily trading range was 108.71. Momentum is upward. Volumetric buying pressure is at 0%. BuySellTimer is in a positive cycle.

Dow Industrial gapped up and closed at 20975.09 with an inverted hammer candle above its moving averages. Daily trading range was 98.63. Momentum is upward. Volumetric buying pressure is at 7.9%. BuySellTimer is in positive cycle. It has exited its Squeeze.

Russell 2000 closed at 1419.4309 with a bullish candle above its moving averages. Daily trading range was 15.8715. Momentum is upward. Volumetric buying pressure is at 69.8%. BuySellTimer is in a positive cycle.

Nasdaq 100 gapped up to new all time high at 5563.97 and closed at 5541.0857 with a bearish candle above its moving averages. Daily trading range was 25.9789. Momentum is upward. Volumetric buying pressure is at 22.3%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2387.45 with an inverted hammer candle above its moving averages. Daily trading range was 11.3999. Momentum is upward. Volumetric buying pressure is at 0.1%. BuySellTimer is in a positive cycle. The index has exited its Squeeze.

Metals and Commodities
WTI Crude oil futures closed with a low closing spinning top doji candle below its 21 EMA and 50 SMA. Momentum is downward. It is trading at $49.31 per barrel. BuySellTimer is in a negative cycle.

Gold futures closed with a bullish candle above its 21 EMA. It is trading at $1269.7 per ounce. Momentum is upward. BuySellTimer is in a negative cycle.

Silver futures closed with a bearish candle below its moving averages. It is trading at $17.510 per ounce. Momentum is downward. BuySellTimer is in a negative cycle.

Agriculture (DBA) ETF closed at 19.34 with a bearish candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.

Commodities (DBC) ETF closed at 14.92 with a low closing spinning top doji candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.

 

Bonds
Bond futures (ZB) closed with a bullish candle above its 21 EMA. It is trading at 152’24. Momentum is upward. BuySellTimer is in a negative cycle.

High Yield bond ETF (HYG) closed at 88.09 with a doji candle above its moving averages. Momentum is upward. BuySellTimer is in a positive cycle.

 

Currencies
$DXY closed with a bullish candle below its 200 SMA and the other moving averages. It is trading at 98.982. Momentum is downward.

EUR/USD closed with a bearish candle above its moving averages. It is trading at 1.0907. Momentum is upward.

USD/JPY closed with a doji candle above its 21 EMA. Momentum is upward. It is trading at 111.16.

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

On a monthly lookback, the relative strength order of the ETFs that are underperforming the S&P 500 are XLE, XLP, XLF, XLU and XLI respectively.

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

Market Internals
Vix closed at 10.85. Vix futures is at 12.35. Skew is at 142.13. Market sentiment is very bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
Nasdaq 100 continues to make new all-time high and the S&P 500 is just a few points from making new all-time high. Vix is at record low at 10.76 and Vix futures is pricing in some volatility but is still low. Market internals are strong. SKEW is elevated and is pointing towards a potential for a reversal. The prognosis is for further volatility.

Penny Stocks Breaking Upwards!
ATRS, CERS, DHT, FMCC, FNMA, LYG, MRLDF, MTBC and PRKR.

 

To YOUR wealth!

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25 April 2017 – Up Up and Away!

Dow Transportation closed at 9249.42 with an inverted hammer candle above its moving averages. Daily trading range was 70.42. Momentum is upward. Volumetric buying pressure is at 23.7%. BuySellTimer is in a positive cycle.

Dow Industrial gapped up and closed at 20996.12 with a bullish candle above its moving averages. Daily trading range was 117.59. Momentum is upward. Volumetric buying pressure is at 67%. BuySellTimer is in positive cycle. It is in a Squeeze.

Russell 2000 closed at 1411.0767 with a big marubozu candle above its moving averages. Daily trading range was 15.4522. Momentum is upward. Volumetric buying pressure is at 68.6%. BuySellTimer is in a positive cycle. The index has exited its Squeeze.

Nasdaq 100 gapped up to new all time high at 5557.93 and closed at 5548.1937 with a bullish candle above its moving averages. Daily trading range was 36.4112. Momentum is upward. Volumetric buying pressure is at 80.5%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2388.61 with a bullish candle above its moving averages. Daily trading range was 11.3299. Momentum is upward. Volumetric buying pressure is at 25.1%. BuySellTimer is in a positive cycle. The index is in a Squeeze.

Metals and Commodities
WTI Crude oil futures closed with a spinning top doji candle below its 21 EMA and 50 SMA. Momentum is downward. It is trading at $49.27 per barrel. BuySellTimer is in a negative cycle.

Gold futures closed with a big bearish candle below its moving averages. It is trading at $1263.5 per ounce. Momentum is upward. BuySellTimer is in a negative cycle.

Silver futures closed with a big bearish hammer candle below its moving averages. It is trading at $17.645 per ounce. Momentum is downward. BuySellTimer is in a negative cycle.

Agriculture (DBA) ETF closed at 19.40 with a bullish marubozu candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.

Commodities (DBC) ETF closed at 15.00 with a bullish candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.

 

Bonds
Bond futures (ZB) closed with a bearish candle below its 21 EMA. It is trading at 152’06. Momentum is upward. BuySellTimer is in a negative cycle.

High Yield bond ETF (HYG) gapped up and closed at 88.17 with a bullish candle above its moving averages. Momentum is upward. BuySellTimer is in a positive cycle.

 

Currencies
$DXY closed with a bearish candle below its 200 SMA. It is trading at 98.826. Momentum is downward.

EUR/USD closed with a bullish candle above its moving averages. It is trading at 1.0931. Momentum is upward.

USD/JPY closed with a big bullish marubozu candle above its 21 EMA. Momentum is upward. It is trading at 111.19.

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

On a monthly lookback, the relative strength order of the ETFs that are underperforming the S&P 500 are XLE, XLU, 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, XLU, XLP, XLY and XLI respectively.

Market Internals
Vix closed at 10.76. Vix futures is at 12.43. Skew is at 139.04. Market sentiment is very bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
Nasdaq 100 continues to make new all-time high and the S&P 500 is just a few points from making new all-time high. Vix is at record low at 10.76 and Vix futures is pricing in some volatility. Market internals are strong. The prognosis is for further upside but keep an eye on the French election as it could be the catalyst for a black swan event.

Penny Stocks Breaking Upwards!
AVP, FNMA, GSAT, IMGN, KGJI and LYG.

 

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.


24 April 2017 – Market Gaps Up on French election news

Dow Transportation gapped up and closed at 9282.99 with a bullish marubozu candle above its moving averages. Daily trading range was 67.0999. Momentum is upward. Volumetric buying pressure is at 73.6%. BuySellTimer is in a positive cycle.

Dow Industrial gapped up and closed at 20763.89 with a bullish inverted candle above its moving averages. Daily trading range was 68.61. Momentum is upward. Volumetric buying pressure is at 44.8%. BuySellTimer is in positive cycle. It is in a Squeeze.

Russell 2000 closed at 1397.9421 with a big marubozu candle above its moving averages. Daily trading range was 19.4291. Momentum is upward. Volumetric buying pressure is at 94.7%. BuySellTimer is in a positive cycle. The index is in a Squeeze.

Nasdaq 100 gapped up to new all time high at 5513.57 and closed at 5508.0333 with a small doji candle above its moving averages. Daily trading range was 19.112. Momentum is upward. Volumetric buying pressure is at 65.6%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2374.15 with a bullish candle above its moving averages. Daily trading range was 7.7899. Momentum is upward. Volumetric buying pressure is at 13.9%. BuySellTimer is in a positive cycle. The index is in a Squeeze.

Metals and Commodities
WTI Crude oil futures closed with a bearish candle below its 21 EMA and 50 SMA. Momentum is downward. It is trading at $49.35 per barrel. BuySellTimer is in a negative cycle.

Gold futures closed with a small spinning top doji candle above its moving averages. It is trading at $1282.4 per ounce. Momentum is upward. BuySellTimer is in a negative cycle.

Silver futures closed with a bullish hammer candle below its 50 SMA. It is trading at $17.965 per ounce. Momentum is downward. BuySellTimer is in a negative cycle.

Agriculture (DBA) ETF closed at 19.20 with a big bearish candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.

Commodities (DBC) ETF closed at 14.93 with a bearish marubozu candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.

 

Bonds
Bond futures (ZB) gapped down and closed with a spinning top doji candle above its 21 EMA. It is trading at 153’13. Momentum is upward. BuySellTimer is in a negative cycle.

High Yield bond ETF (HYG) gapped up and closed at 88.01 with a bullish candle above its moving averages. Momentum is upward. BuySellTimer is in a positive cycle.

 

Currencies
$DXY gapped down and closed with a inverted hammer candle just above its 200 SMA. It is trading at 99.094. Momentum is downward.

EUR/USD gapped up and closed with a bearish candle above its moving averages. It is trading at 1.0863. Momentum is upward.

USD/JPY gapped up and closed with a bearish marubozu candle below its 21 EMA. Momentum is sharply downward. It is trading at 109.81.

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

On a monthly lookback, the relative strength order of the ETFs that are underperforming the S&P 500 are XLE, XLF, XLV, XLY, XLU, XLB and XLP respectively.

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

Market Internals
Vix closed at 10.84. Vix futures is at 12.75. Skew is at 144.45. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
Nasdaq 100 is leading the market upwards and touched new all-time high. Vix is at record low below 11 and Vix futures is pricing in some volatility. Skew is still very elevated. Market internals are looking strong. The prognosis is for further volatility in the market.

Penny Stocks Breaking Upwards!
KGJI, LLNW, MVIS, OPTT, PZRX and XXII.

 

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.


21 April 2017 – A sideways market with distribution


Indices (Weekly chart)
Dow Transportation closed at 9133.81 with a bullish candle above its 21 EMA. Weekly trading range was 280.98. Weekly momentum is neutral. BuySellTimer remains in its negative cycle. It is in a Squeeze.

Dow Industrial closed at 20547.76 with a spinning top doji candle above its 8 EMA. Weekly trading range was 264.86. Weekly momentum is sideways. BuySellTimer is in negative cycle.

Russell 2000 closed at 1379.8541 with a bullish marubozu candle above its 21 EMA and 8 EMA. Weekly trading range was 39.2215. Momentum is upward. BuySellTimer is in positive cycle. It is in a Squeeze.

Nasdaq 100 closed at 5442.0489 with a bullish marubozu candle above its moving averages. Weekly trading range was 88.2924. Momentum remains upward. BuySellTimer is in its positive cycle.

S&P 500 closed at 2348.69 with an inverted hammer candle above its moving averages. Weekly trading range was 28.8599. Momentum is upward. BuySellTimer remains on its positive cycle.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $49.63 per barrel with a bearish marubozu candle below its 21 EMA. Weekly trading range was $4.0999. Momentum is bearish. BuySellTimer is in a negative cycle.

Gold futures (GC) closed at 1286.0 with a spinnig top doji candle above its 21 EMA. Weekly trading range was 22. Momentum is upward. BuySellTimer is in a positive cycle.

Silver futures closed at 17.905 with a big bearish candle above its 21 EMA and on its 50 SMA. Weekly trading range was 0.87. Weekly momentum is upward. BuySellTimer is in its positive cycle.

Agriculture (DBA) ETF closed at 19.29 with a bearish candle below its moving averages. Weekly trading range was 0.5499. Momentum is downward. BuySellTimer is in negative cycle.

Commodities (DBC) ETF closed at 14.98 with a bearish marubozu candle below its 21 EMA and 50 SMA. Weekly trading range was 0.68. Momentum is downward. BuySellTimer is in its negative cycle.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’00 with a doji candle above its 21 EMA. Weekly trading range was 2.1875. Momentum is upward. BuySellTimer is in its positive cycle.

High Yield bond ETF (HYG) closed at 87.60 with a small doji candle above its 21 EMA. Weekly trading range was 0.4799. BuySellTimer is in positive cycle.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 99.745 with a bearish marubozu candle below its 21 EMA. Weekly trading range is 1.096. Momentum is downward. It is in a Squeeze.

EUR/USD closed at 1.0729 with a bullish candle above its 21 EMA. Weekly trading range was 0.0174. Momentum is downward. It is in a Squeeze.

USD/JPY closed at 109.06 with a spinning top doji candle below its 21 EMA and 200 SMA. Weekly trading range was 1.3539. Weekly momentum is downward.

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

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

Market Internals
Vix closed at 14.63. Vix futures is at 14.325. Skew is at 148.42. Market sentiment is bearish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping downward.

The Week Ahead
On the weekly chart, the indices are trending sideways. Market internals continue to show some strength but there are distribution happening. SKEW is elevated again at 148.42. VIX and VIX futures are showing some fear but not pricing in future volatilities.

Penny Stocks of the Day
CDTI, STV, TRCH and XXII.

 

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 April 2017 – A market reversal or more volatility?

Dow Transportation closed at 9126.13 with a big bullish candle above its 21 EMA. Daily trading range was 111.5399. Momentum is neutral. Volumetric buying pressure is at 35.9%. BuySellTimer is in a positive cycle.

Dow Industrial closed at 20578.71 with a big bullish marubozu candle below its 21 EMA and 50 SMA. Daily trading range was 223.0999. Momentum is downward. Volumetric buying pressure is at 42.1%. BuySellTimer is in negative cycle. It is in a Squeeze.

Russell 2000 closed at 1384.1499 with a big bullish marubozu candle above its 21 EMA and 50 SMA. Daily trading range was 16.1944. Momentum is sideways. Volumetric buying pressure is at 87.4%. BuySellTimer is in a positive cycle. The index is in a Squeeze.

Nasdaq 100 closed at 5443.5317 with a bullish candle above its 21 EMA. Daily trading range was 42.5659. Momentum is upward. Volumetric buying pressure is at 71.1%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2355.84 with a bullish candle above its 21 EMA and on its 50 SMA. Daily trading range was 20.46. Momentum is upward. Volumetric buying pressure is at 59.7%. BuySellTimer is in a positive cycle. The index is in a Squeeze.

Metals and Commodities
WTI Crude oil futures closed with a bearish candle below its 21 EMA and 50 SMA. Momentum is downward. It is trading at $50.82 per barrel. BuySellTimer is in a negative cycle.

Gold futures closed with a small spinning top doji candle above its moving averages. It is trading at $1282.4 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.

Silver futures closed with a bearish candle below its 21 EMA and 200 SMA. It is trading at $18.000 per ounce. Momentum is downward. BuySellTimer is in a negative cycle.

Agriculture (DBA) ETF closed at 19.21 with a huge bearish candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.

Commodities (DBC) ETF closed at 15.13 with a bearish candle below its 21 EMA and 200 SMA. Momentum is downward. BuySellTimer is in a negative cycle.

 

Bonds
Bond futures (ZB) closed with a bearish candle above its moving averages. It is trading at 154’07. Momentum is upward. BuySellTimer is in a positive cycle.

High Yield bond ETF (HYG) closed at 87.67 with a bullish candle above its 21 EMA and 50 SMA. Momentum is upward. BuySellTimer is in a positive cycle.

 

Currencies
$DXY closed with a hammer candle below its 21 EMA and 50 SMA. It is trading at 99.800. Momentum is downward.

EUR/USD closed with an inverted hammer candle above its 21 EMA and 50 SMA. It is trading at 1.0720. Momentum is upward.

USD/JPY closed with a bullish candle above its 200 SMA and below its 21 EMA. Momentum is sharply downward. It is trading at 109.34.

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

On a monthly lookback, the relative strength order of the ETFs that are underperforming the S&P 500 are XLE, XLF, XLU, XLB and XLV respectively.

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

Market Internals
Vix closed at 14.15. Vix futures is at 14.25. Skew is at 146.85. Market sentiment is neutral. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.

The Week Ahead
The indices show that the bulls are very much alive. The Vix and Vix futures are not pricing in future volatility but the SKEW is. Market internals show there is some strength but there are signs of distribution going on. The prognosis is for a continuing volatile market.

Penny Stocks Breaking Upwards!
IMGN, IMNP and VHC.

 

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.


19 April 2017 – Selling and more selling

Dow Transportation closed at 8976.35 with a low closing doji candle below its 21 EMA. Daily trading range was 80.9899. Momentum is downward. Volumetric buying pressure is at 0%. BuySellTimer is in a negative cycle.

Dow Industrial closed at 20404.49 with a bearish candle below its 21 EMA and 50 SMA. Daily trading range was 167.1399. Momentum is downward. Volumetric buying pressure is at 14.5%. BuySellTimer is in negative cycle. It is in a Squeeze.

Russell 2000 closed at 1367.1333 with a bullish inverted hammer candle above its 21 EMA. Daily trading range was 14.3688. Momentum is sideways. Volumetric buying pressure is at 66.4%. BuySellTimer is in a positive cycle. The index is in a Squeeze.

Nasdaq 100 closed at 5399.6359 with a bearish candle above its 21 EMA. Daily trading range was 38.7241. Momentum is upward. Volumetric buying pressure is at 54.3%. BuySellTimer is in a positive cycle.

S&P 500 closed at 2338.17 with a bearish candle below its 21 EMA and 50 SMA. Daily trading range was 17.5799. Momentum is downward. Volumetric buying pressure is at 43%. BuySellTimer is in a negative cycle. The index is in a Squeeze.

Metals and Commodities
WTI Crude oil futures closed with a big bearish candle below its 21 EMA and 50 SMA. Momentum is upward. It is trading at $51.06 per barrel. BuySellTimer is in a negative cycle.

Gold futures closed with a bearish candle above its moving averages. It is trading at $1281.3 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.

Silver futures closed with a bearish candle above its 21 EMA. It is trading at $18.185 per ounce. Momentum is upward. BuySellTimer is in a negative cycle.

Agriculture (DBA) ETF closed at 19.49 with a bearish candle below its 21 EMA. Momentum is downward. BuySellTimer is in a negative cycle.

Commodities (DBC) ETF closed at 15.19 with a big bearish candle below its 21 EMA and just above its 200 SMA. Momentum is neutral. BuySellTimer is in a negative cycle.

 

Bonds
Bond futures (ZB) closed with a bearish candle above its moving averages. It is trading at 154’23. Momentum is upward. BuySellTimer is in a positive cycle.

High Yield bond ETF (HYG) closed at 87.38 with a bearish inverted hammer candle above its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle.

 

Currencies
$DXY closed with a small bullish candle below its 21 EMA and 50 SMA. It is trading at 99.785. Momentum is downward.

EUR/USD closed with a bearish candle above its 21 EMA and 50 SMA. It is trading at 1.0715. Momentum is upward.

USD/JPY closed with a bullish candle on its 200 SMA and below its 21 EMA. Momentum is sharply downward. It is trading at 108.93.

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

On a monthly lookback, the relative strength order of the ETFs that are underperforming the S&P 500 are XLF, XLE, XLB, XLV and XLI respectively.

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

Market Internals
Vix closed at 14.93. Vix futures is at 14.52. Skew is at 140.20. Market sentiment has turned bearish. Market breadth has flattened. Volumetric accumulation/distribution is sloping downward has flattened.

The Week Ahead
We are getting a mix signal from the indices. The Vix and Vix futures are pricing in a steady as she goes market. No hint of future volatility. The SKEW is elevated again meaning that market participants are hedging against a down market. The market sentiment has turned bearish which is not too common. Our prognosis is for a neutral sideways market with the potential for volatility to explode.

Penny Stocks Breaking Upwards!
CBLI, IVITF, LOTE, NLST, SKLN, SNGX, SSI and VHC.

 

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.


18 April 2017 – It is range trading sideways

Dow Transportation closed at 8933.10 with a bearish ‘rolling pin’ candle below its 21 EMA. Daily trading range was 88.5699. Momentum is downward. Volumetric buying pressure is at 22.5%. BuySellTimer is in a negative cycle.

Dow Industrial closed at 20523.28 with a bearish ‘rolling pin’ candle below its 21 EMA and 50 SMA. Daily trading range was 137.84. Momentum is downward. Volumetric buying pressure is at 48.2%. BuySellTimer is in negative cycle. It is in a Squeeze.

Russell 2000 closed at 1361.8944 with a bullish hammer candle on its 8 EMA and below its 21 EMA. Daily trading range was 11.0656. Momentum is downward. Volumetric buying pressure is at 87.3%. BuySellTimer is in a negative cycle. The index is in a Squeeze.

Nasdaq 100 closed at 5391.6558 with a spinning top doji candle below its 21 EMA. Daily trading range was 27.6282. Momentum is downward. Volumetric buying pressure is at 75%. BuySellTimer is in a negative cycle.

S&P 500 closed at 2342.19 with a big doji candle below its 21 EMA and 50 SMA. Daily trading range was 13.8099. Momentum is downward. Volumetric buying pressure is at 67.2%. BuySellTimer is in a negative cycle. The index is in a Squeeze.

Continue reading 18 April 2017 – It is range trading sideways

17 April 2017 – An upday in a downtrend?

Dow Transportation closed at 8990.42 with a bullish marubozu candle below its 21 EMA. Daily trading range was 113.78. Momentum is downward. Volumetric buying pressure is at 36.8%. BuySellTimer is in a negative cycle.

Dow Industrial closed at 20636.92 with a big bullish marubozu candle below its 21 EMA and 50 SMA. Daily trading range was 159.6599. Momentum is downward. Volumetric buying pressure is at 53.1%. BuySellTimer is in negative cycle. It is in a Squeeze.

Russell 2000 closed at 1361.1797 with a big bullish marubozu candle below its 8 EMA and 21 EMA. Daily trading range was 15.8897. Momentum is downward. Volumetric buying pressure is at 69.3%. BuySellTimer is in a negative cycle. The index is in a Squeeze.

Nasdaq 100 closed at 5399.1958 with a bullish marubozu candle above its 21 EMA. Daily trading range was 31.6069. Momentum is downward. Volumetric buying pressure is at 72.6%. BuySellTimer is in a negative cycle.

S&P 500 closed at 2349.01 with a big bullish marubozu candle below its 21 EMA and 50 SMA. Daily trading range was 16.6299. Momentum is downward. Volumetric buying pressure is at 68.4%. BuySellTimer is in a negative cycle. The index is in a Squeeze.

Continue reading 17 April 2017 – An upday in a downtrend?

13 April 2017 – Good Friday Weekly market review


Indices (Weekly chart)
Dow Transportation closed at 8874.56 with a bearish marubozu candle below its 21 EMA. Weekly trading range was 344.1899. Weekly momentum is neutral. BuySellTimer remains in its negative cycle. It is in a weekly Squeeze.

Dow Industrial closed at 20453.25 with a bearish marubozu candle above its 21 EMA. Weekly trading range was 297.08. Weekly momentum is neutral. BuySellTimer is in negative cycle.

Russell 2000 closed at 1345.2435 with a bearish marubozu candle below its 21 EMA. Weekly trading range was 31.2435. Momentum is neutral. BuySellTimer is in negative cycle.

Nasdaq 100 closed at 5353.586 with a bearish marubozu candle on its 8 EMA. Weekly trading range was 89.1255. Momentum remains upward. BuySellTimer is in its positive cycle.

S&P 500 closed at 2328.95 with a bearish marubozu candle above its 21 EMA. Weekly trading range was 37.42. Momentum remains upward. BuySellTimer remains on its negative cycle.

Continue reading 13 April 2017 – Good Friday Weekly market review