Indices (Weekly chart)
Dow Transportation closed at 9331.72 with a bullish marubozu candle above its 21 EMA. Weekly trading range was 318.2899 Weekly momentum is upwards. BuySellTimer is in its positive cycle. It is in a Squeeze.
Dow Industrial closed at 21206.29 with a bullish candle above its 21 EMA. Weekly trading range was 282.47. Weekly momentum is upwards. BuySellTimer is in positive cycle.
Russell 2000 closed at 1405.3866 with a bullish candle above its 21 EMA. Weekly trading range was 60.1035. Momentum is upwards. BuySellTimer is in positive cycle. It is in a Squeeze.
Nasdaq 100 touched new all-time high of 5881.46 and closed at 5881.4584 with a bullish marubozu candle above its moving averages. Weekly trading range was 118.9013. Momentum remains upward. BuySellTimer is in its positive cycle.
S&P 500 touched all-time high of 2440.23 and closed at 2439.07 with a bullish marubozu candle above its 21 EMA. Weekly trading range was 36.6399. Momentum is upwards. BuySellTimer is in its positive cycle.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $47.74 per barrel with a bearish marubozu candle below its 21 EMA. Weekly trading range was $3.5399. Momentum is bearish. BuySellTimer is in a negative cycle.
Gold futures (GC) closed at 1281.5 with a bullish candle above its 21 EMA. Weekly trading range was 20.9. Momentum is upward. BuySellTimer is in a positive cycle.
Silver futures closed at 17.545 with a bullish marubozu candle above its 21 EMA. Weekly trading range was 0.5949. Weekly momentum is downward. BuySellTimer is in its negative cycle.
Agriculture (DBA) ETF closed at 19.90 with a small spinning top doji candle below its 21 EMA. Weekly trading range was 0.3036. Momentum is downward. BuySellTimer is in negative cycle.
Commodities (DBC) ETF closed at 14.42 with a bearish candle below its 21 EMA and 50 SMA. Weekly trading range was 0.44. Momentum is downward. BuySellTimer is in its negative cycle.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’30 with a bullish candle above its 21 EMA. Weekly trading range was 2.7812. Momentum is upward. BuySellTimer is in its positive cycle.
High Yield bond ETF (HYG) closed at 88.58 with a small doji candle above its 21 EMA and on its 200 SMA. Weekly trading range was 0.4142. BuySellTimer is in positive cycle. It is in a weekly Squeeze.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 96.667 with a bearish marubozu candle below its 21 EMA. Weekly trading range is 1.1219. Momentum is downward.
EUR/USD closed at 1.1280 with a bullish marubozu candle above its 50 SMA and 21 EMA. Weekly trading range was 0.0175. Momentum is upward.
USD/JPY closed at 110.415 with a bearish marubozu candle below its 21 EMA and 200 SMA. Weekly trading range was 1.3739. 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 XLU, XLI, XLK, XLB, XLY, XLP and XLV respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY, XLU, XLI, XLV, XLF and XLB respectively.
Market Internals
Vix closed at 9.75. Vix futures is at 11.625. Skew is at 124.23. Market sentiment is upward. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.
The Week Ahead
The Dow Jones Industrial, Nasdaq 100 and S&P 500 continue to touch all-time high during the week. The Vix is below 10 and Vix future is below 12. Market internals continue to point to strength in the market. With the US economy continuing to grow, this is the fundamental supporting the continued upward move of the market. The prognosis is for more bullish action.
Penny Stocks of the Day
BIOS.
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.
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2 June 2017 – Indices continue to new all-time highs
Indices (Weekly chart)
Dow Transportation closed at 9331.72 with a bullish marubozu candle above its 21 EMA. Weekly trading range was 318.2899 Weekly momentum is upwards. BuySellTimer is in its positive cycle. It is in a Squeeze.
Dow Industrial closed at 21206.29 with a bullish candle above its 21 EMA. Weekly trading range was 282.47. Weekly momentum is upwards. BuySellTimer is in positive cycle.
Russell 2000 closed at 1405.3866 with a bullish candle above its 21 EMA. Weekly trading range was 60.1035. Momentum is upwards. BuySellTimer is in positive cycle. It is in a Squeeze.
Nasdaq 100 touched new all-time high of 5881.46 and closed at 5881.4584 with a bullish marubozu candle above its moving averages. Weekly trading range was 118.9013. Momentum remains upward. BuySellTimer is in its positive cycle.
S&P 500 touched all-time high of 2440.23 and closed at 2439.07 with a bullish marubozu candle above its 21 EMA. Weekly trading range was 36.6399. Momentum is upwards. BuySellTimer is in its positive cycle.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $47.74 per barrel with a bearish marubozu candle below its 21 EMA. Weekly trading range was $3.5399. Momentum is bearish. BuySellTimer is in a negative cycle.
Gold futures (GC) closed at 1281.5 with a bullish candle above its 21 EMA. Weekly trading range was 20.9. Momentum is upward. BuySellTimer is in a positive cycle.
Silver futures closed at 17.545 with a bullish marubozu candle above its 21 EMA. Weekly trading range was 0.5949. Weekly momentum is downward. BuySellTimer is in its negative cycle.
Agriculture (DBA) ETF closed at 19.90 with a small spinning top doji candle below its 21 EMA. Weekly trading range was 0.3036. Momentum is downward. BuySellTimer is in negative cycle.
Commodities (DBC) ETF closed at 14.42 with a bearish candle below its 21 EMA and 50 SMA. Weekly trading range was 0.44. Momentum is downward. BuySellTimer is in its negative cycle.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’30 with a bullish candle above its 21 EMA. Weekly trading range was 2.7812. Momentum is upward. BuySellTimer is in its positive cycle.
High Yield bond ETF (HYG) closed at 88.58 with a small doji candle above its 21 EMA and on its 200 SMA. Weekly trading range was 0.4142. BuySellTimer is in positive cycle. It is in a weekly Squeeze.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 96.667 with a bearish marubozu candle below its 21 EMA. Weekly trading range is 1.1219. Momentum is downward.
EUR/USD closed at 1.1280 with a bullish marubozu candle above its 50 SMA and 21 EMA. Weekly trading range was 0.0175. Momentum is upward.
USD/JPY closed at 110.415 with a bearish marubozu candle below its 21 EMA and 200 SMA. Weekly trading range was 1.3739. 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 XLU, XLI, XLK, XLB, XLY, XLP and XLV respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY, XLU, XLI, XLV, XLF and XLB respectively.
Market Internals
Vix closed at 9.75. Vix futures is at 11.625. Skew is at 124.23. Market sentiment is upward. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.
The Week Ahead
The Dow Jones Industrial, Nasdaq 100 and S&P 500 continue to touch all-time high during the week. The Vix is below 10 and Vix future is below 12. Market internals continue to point to strength in the market. With the US economy continuing to grow, this is the fundamental supporting the continued upward move of the market. The prognosis is for more bullish action.
Penny Stocks of the Day
BIOS.
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.
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