Indices (Weekly chart)
Dow Transportation closed at 9327.88 with a doji candle above its 21 EMA. Weekly trading range was 145.46. Weekly momentum is upwards. BuySellTimer is in its positive cycle. It is in a Squeeze.
Dow Industrial closed at 21271.97 with a small bullish candle above its 21 EMA. Weekly trading range was 192.0399. Weekly momentum is upwards. BuySellTimer is in positive cycle.
Russell 2000 closed at 1421.7071 with a bullish candle above its 21 EMA. Weekly trading range was 47.0856. Momentum is upwards. BuySellTimer is in positive cycle. It is in a Squeeze.
Nasdaq 100 touched new all-time high of 5897.69 and closed at 5741.941 with a bearish candle above its moving averages. Weekly trading range was 239.9258. Momentum remains upward. BuySellTimer is in its positive cycle.
S&P 500 touched all-time high of 2446.2 and closed at 2431.77 with a spinning top doji candle above its 21 EMA. Weekly trading range was 30.5. Momentum is upwards. BuySellTimer is in its positive cycle.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $45.90 per barrel with a bearish candle below its 21 EMA. Weekly trading range was $3.2199. Momentum is bearish. BuySellTimer is in a negative cycle.
Gold futures (GC) closed at 1268.8 with a bearish candle above its 21 EMA. Weekly trading range was 32.0999. Momentum is upward. BuySellTimer is in a positive cycle.
Silver futures closed at 17.180 with a bearish candle below its 21 EMA. Weekly trading range was 0.5899. Weekly momentum is downward. BuySellTimer is in its positive cycle.
Agriculture (DBA) ETF closed at 20.14 with a bullish candle above its 21 EMA. Weekly trading range was 0.35. Momentum is downward. BuySellTimer is in positive cycle.
Commodities (DBC) ETF closed at 14.32 with a bearish candle below its 21 EMA and 50 SMA. Weekly trading range was 0.2434. Momentum is downward. BuySellTimer is in its negative cycle.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’06 with a bearish candle above its 21 EMA. Weekly trading range was 1.7812. Momentum is upward. BuySellTimer is in its positive cycle.
High Yield bond ETF (HYG) closed at 88.32 with a small bearish candle above its 21 EMA and below its 200 SMA. Weekly trading range was 0.6099. BuySellTimer is in positive cycle. It is in a weekly Squeeze.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 97.280 with a bullish candle below its 21 EMA. Weekly trading range is 0.989. Momentum is downward.
EUR/USD closed at 1.1197 with a bearish candle above its 50 SMA and 21 EMA. Weekly trading range was 0.0117. Momentum is upward.
USD/JPY closed at 110.31 with a doji candle below its 21 EMA and 200 SMA. Weekly trading range was 1.694. 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 XLB, XLF, XLU, XLI and XLV respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLV, XLK, XLB, XLI, XLU and XLY respectively.
Market Internals
Vix closed at 10.70. Vix futures is at 11.725. Skew is at 131.26. Market sentiment is slightly bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.
The Week Ahead
We had Options and Futures expiration and that caused some volatility especially in the Nasdaq and S&P 500 indices. Market internals continue to point to strength in the market. The prognosis is for sideways to upward momentum.
Penny Stocks of the Day
ZNGA.
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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9 June 2017 – Weekly Review
Indices (Weekly chart)
Dow Transportation closed at 9327.88 with a doji candle above its 21 EMA. Weekly trading range was 145.46. Weekly momentum is upwards. BuySellTimer is in its positive cycle. It is in a Squeeze.
Dow Industrial closed at 21271.97 with a small bullish candle above its 21 EMA. Weekly trading range was 192.0399. Weekly momentum is upwards. BuySellTimer is in positive cycle.
Russell 2000 closed at 1421.7071 with a bullish candle above its 21 EMA. Weekly trading range was 47.0856. Momentum is upwards. BuySellTimer is in positive cycle. It is in a Squeeze.
Nasdaq 100 touched new all-time high of 5897.69 and closed at 5741.941 with a bearish candle above its moving averages. Weekly trading range was 239.9258. Momentum remains upward. BuySellTimer is in its positive cycle.
S&P 500 touched all-time high of 2446.2 and closed at 2431.77 with a spinning top doji candle above its 21 EMA. Weekly trading range was 30.5. Momentum is upwards. BuySellTimer is in its positive cycle.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $45.90 per barrel with a bearish candle below its 21 EMA. Weekly trading range was $3.2199. Momentum is bearish. BuySellTimer is in a negative cycle.
Gold futures (GC) closed at 1268.8 with a bearish candle above its 21 EMA. Weekly trading range was 32.0999. Momentum is upward. BuySellTimer is in a positive cycle.
Silver futures closed at 17.180 with a bearish candle below its 21 EMA. Weekly trading range was 0.5899. Weekly momentum is downward. BuySellTimer is in its positive cycle.
Agriculture (DBA) ETF closed at 20.14 with a bullish candle above its 21 EMA. Weekly trading range was 0.35. Momentum is downward. BuySellTimer is in positive cycle.
Commodities (DBC) ETF closed at 14.32 with a bearish candle below its 21 EMA and 50 SMA. Weekly trading range was 0.2434. Momentum is downward. BuySellTimer is in its negative cycle.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’06 with a bearish candle above its 21 EMA. Weekly trading range was 1.7812. Momentum is upward. BuySellTimer is in its positive cycle.
High Yield bond ETF (HYG) closed at 88.32 with a small bearish candle above its 21 EMA and below its 200 SMA. Weekly trading range was 0.6099. BuySellTimer is in positive cycle. It is in a weekly Squeeze.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 97.280 with a bullish candle below its 21 EMA. Weekly trading range is 0.989. Momentum is downward.
EUR/USD closed at 1.1197 with a bearish candle above its 50 SMA and 21 EMA. Weekly trading range was 0.0117. Momentum is upward.
USD/JPY closed at 110.31 with a doji candle below its 21 EMA and 200 SMA. Weekly trading range was 1.694. 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 XLB, XLF, XLU, XLI and XLV respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLV, XLK, XLB, XLI, XLU and XLY respectively.
Market Internals
Vix closed at 10.70. Vix futures is at 11.725. Skew is at 131.26. Market sentiment is slightly bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.
The Week Ahead
We had Options and Futures expiration and that caused some volatility especially in the Nasdaq and S&P 500 indices. Market internals continue to point to strength in the market. The prognosis is for sideways to upward momentum.
Penny Stocks of the Day
ZNGA.
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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