Dow Transportation closed at 9009.67 with a bullish hammer candle below its 21 EMA and 50 SMA. Daily trading range was 88.5099. Momentum is sideways. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.
Dow Industrial gapped up and closed at 20937.91 with a spinning top doji candle above its 21 EMA and 50 SMA. Daily trading range was 64.9199. Momentum is upwards. Volumetric buying pressure is at 92.4%. BuySellTimer is in positive cycle.
Russell 2000 closed at 1380.9817 with a bullish hammer candle below its 21 EMA but above 50 SMA. Daily trading range was 11.0321. Momentum is downward. Volumetric buying pressure is at 81%. BuySellTimer is in a positive cycle.
Nasdaq 100 gapped up and closed at 5703.3461 with a bearish candle above its moving averages. Daily trading range was 26.3564. Momentum is upward. Volumetric buying pressure is at 99.9%. BuySellTimer is in a positive cycle.
S&P 500 gapped up and closed at 2398.42 with a huge bearish marobozu candle below its 21 EMA and 50 SMA. Daily trading range was 28.6599. Momentum is upwards. Volumetric buying pressure is at 24.5%. BuySellTimer is in a positive cycle.
Metals and Commodities
WTI Crude oil futures closed with a spinning top doji candle above its moving averages. Momentum is upward. It is trading at $51.49 per barrel. BuySellTimer is in a positive cycle.
Gold futures closed with a bearish candle above its 21 EMA and 50 SMA. It is trading at $1250.8 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.
Silver futures closed with a bearish spinning top doji candle above its moving averages. It is trading at $17.06 per ounce. Momentum is neutral. BuySellTimer is in a positive cycle.
Agriculture (DBA) ETF closed at 20.02 with a big bearish candle above its 21 EMA and 50 SMA. Momentum is upward. BuySellTimer is in a positive cycle.
Commodities (DBC) ETF closed at 15.12 with a spinning top doji candle above its 21 EMA and 50 SMA. Momentum is neutral. BuySellTimer is in a positive cycle.
Bonds
Bond futures (ZB) closed with a bearish candle above its 21 EMA and 50 SMA. It is trading at 153’08. Momentum is upward. BuySellTimer is in a positive cycle.
High Yield bond ETF (HYG) closed at 88.49 with a bearish candle above its moving averages. Momentum is upward. BuySellTimer is in a positive cycle.
Currencies
$DXY closed with a bullish candle below its moving averages. It is trading at 97.376. Momentum is sharply downward.
EUR/USD closed with a bearish candle above its 21 EMA and 50 SMA. It is trading at 1.1180. Momentum is upward.
USD/JPY closed with a bullish candle below its 21 EMA but above its 50 SMA. Momentum is downward. It is trading at 111.78.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLI, XLU, XLF, XLB and XLP respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLI, XLU, XLV and XLY respectively.
Market Internals
Vix closed at 10.72. Vix futures is at 12.32. Skew is at 124.54. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.
The Week Ahead
The Vix and Vix futures are showing no signs of fear. The indices continue to grind upward. The S&P e-mini is in a Squeeze is looking to break decisively above the 2400 level. The prognosis is for more upward buying pressure.
Penny Stocks Breaking Upwards!
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.
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23 May 2017 – Steadily upwards!
Dow Transportation closed at 9009.67 with a bullish hammer candle below its 21 EMA and 50 SMA. Daily trading range was 88.5099. Momentum is sideways. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.
Dow Industrial gapped up and closed at 20937.91 with a spinning top doji candle above its 21 EMA and 50 SMA. Daily trading range was 64.9199. Momentum is upwards. Volumetric buying pressure is at 92.4%. BuySellTimer is in positive cycle.
Russell 2000 closed at 1380.9817 with a bullish hammer candle below its 21 EMA but above 50 SMA. Daily trading range was 11.0321. Momentum is downward. Volumetric buying pressure is at 81%. BuySellTimer is in a positive cycle.
Nasdaq 100 gapped up and closed at 5703.3461 with a bearish candle above its moving averages. Daily trading range was 26.3564. Momentum is upward. Volumetric buying pressure is at 99.9%. BuySellTimer is in a positive cycle.
S&P 500 gapped up and closed at 2398.42 with a huge bearish marobozu candle below its 21 EMA and 50 SMA. Daily trading range was 28.6599. Momentum is upwards. Volumetric buying pressure is at 24.5%. BuySellTimer is in a positive cycle.
Metals and Commodities
WTI Crude oil futures closed with a spinning top doji candle above its moving averages. Momentum is upward. It is trading at $51.49 per barrel. BuySellTimer is in a positive cycle.
Gold futures closed with a bearish candle above its 21 EMA and 50 SMA. It is trading at $1250.8 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.
Silver futures closed with a bearish spinning top doji candle above its moving averages. It is trading at $17.06 per ounce. Momentum is neutral. BuySellTimer is in a positive cycle.
Agriculture (DBA) ETF closed at 20.02 with a big bearish candle above its 21 EMA and 50 SMA. Momentum is upward. BuySellTimer is in a positive cycle.
Commodities (DBC) ETF closed at 15.12 with a spinning top doji candle above its 21 EMA and 50 SMA. Momentum is neutral. BuySellTimer is in a positive cycle.
Bonds
Bond futures (ZB) closed with a bearish candle above its 21 EMA and 50 SMA. It is trading at 153’08. Momentum is upward. BuySellTimer is in a positive cycle.
High Yield bond ETF (HYG) closed at 88.49 with a bearish candle above its moving averages. Momentum is upward. BuySellTimer is in a positive cycle.
Currencies
$DXY closed with a bullish candle below its moving averages. It is trading at 97.376. Momentum is sharply downward.
EUR/USD closed with a bearish candle above its 21 EMA and 50 SMA. It is trading at 1.1180. Momentum is upward.
USD/JPY closed with a bullish candle below its 21 EMA but above its 50 SMA. Momentum is downward. It is trading at 111.78.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLI, XLU, XLF, XLB and XLP respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLI, XLU, XLV and XLY respectively.
Market Internals
Vix closed at 10.72. Vix futures is at 12.32. Skew is at 124.54. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.
The Week Ahead
The Vix and Vix futures are showing no signs of fear. The indices continue to grind upward. The S&P e-mini is in a Squeeze is looking to break decisively above the 2400 level. The prognosis is for more upward buying pressure.
Penny Stocks Breaking Upwards!
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.
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