Dow Transportation gapped down and closed at 9673.80 with a doji candle above its moving averages. Daily trading range was 60.5299. Momentum is upwards. Volumetric buying pressure is at 78.9%. BuySellTimer is in a positive cycle.
Dow Industrial gapped down and closed at 21408.52 with a bullish candle above its 21 EMA. Daily trading range was 75.2799. Momentum is upwards. Volumetric buying pressure is at 35.6%. BuySellTimer is in positive cycle.
Russell 2000 closed at 1408.4746 with a bearish candle below its 21 EMA and just above its 50 SMA. Daily trading range was 12.3013. Momentum is sideways. Volumetric buying pressure is at 81.2%. BuySellTimer is in a negative cycle.
Nasdaq 100 closed at 5694.152 with a bullish candle below its 21 EMA and 50 SMA. Daily trading range was 58.354. Momentum is sideways. Volumetric buying pressure is at 57%. BuySellTimer is in a positive cycle.
S&P 500 closed at 2427.43 with a bullish candle on its 21 EMA. Daily trading range was 9.73. Momentum is sideways. Volumetric buying pressure is at 34.9%. BuySellTimer is in a positive cycle.
Metals and Commodities
WTI Crude oil futures closed at $44.55 with a doji candle below its 21 EMA. Momentum is downwards. BuySellTimer is in a negative cycle.
Gold futures closed at $1213.7 with a bullish candle below its 21 EMA, 50 and 200 SMA. Momentum is downward. BuySellTimer is in a negative cycle.
Agriculture (DBA) ETF closed at 20.12 with a bearish candle above its moving averages. Momentum is upwards. BuySellTimer is in a positive cycle.
Commodities (DBC) ETF closed at 14.31 with a bullish candle above its 21 EMA but below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle.
Bonds
Bond futures (ZB) closed with a bearish candle below its 21 EMA, 50 SMA and 200 SMA. It is trading at 151’29. Momentum is downwards. BuySellTimer is in a negative cycle.
High Yield bond ETF (HYG) closed at 87.70 with a small bullish candle below its 21 EMA and 50 SMA. Next target is the 200 SMA. Momentum is downward. BuySellTimer is in a negative cycle.
Currencies
$DXY closed with a bullish candle below its 21 EMA and 50 SMA. It is trading at 96.063. Momentum is downward.
EUR/USD closed with a bullish candle above its 21 EMA. It is trading at 1.1396. Momentum is upward.
USD/JPY closed with an inverted hammer candle above its moving averages. Momentum is upward. It is trading at 114.02.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLV, XLI, XLK, XLB, XLE and XLY respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLV, XLI, XLB and XLK respectively.
Market Internals
Vix closed at 11.11. Vix futures is at 12.23. Skew is at 133.40. Market sentiment is bullish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping downward.
The Week Ahead
The indices closed with doji candles which means indecisions. Vix is above 11 and Vix futures is above 12 which is not elevated. Economic figures are doing well but the market is overpriced and hence the indecisions. Earnings season is soon and that will add volatility to the indices. The prognosis is to trade with caution.
Penny Stocks Breaking Upwards!
GGB.
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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10 July 2017 – Indecision
Dow Transportation gapped down and closed at 9673.80 with a doji candle above its moving averages. Daily trading range was 60.5299. Momentum is upwards. Volumetric buying pressure is at 78.9%. BuySellTimer is in a positive cycle.
Dow Industrial gapped down and closed at 21408.52 with a bullish candle above its 21 EMA. Daily trading range was 75.2799. Momentum is upwards. Volumetric buying pressure is at 35.6%. BuySellTimer is in positive cycle.
Russell 2000 closed at 1408.4746 with a bearish candle below its 21 EMA and just above its 50 SMA. Daily trading range was 12.3013. Momentum is sideways. Volumetric buying pressure is at 81.2%. BuySellTimer is in a negative cycle.
Nasdaq 100 closed at 5694.152 with a bullish candle below its 21 EMA and 50 SMA. Daily trading range was 58.354. Momentum is sideways. Volumetric buying pressure is at 57%. BuySellTimer is in a positive cycle.
S&P 500 closed at 2427.43 with a bullish candle on its 21 EMA. Daily trading range was 9.73. Momentum is sideways. Volumetric buying pressure is at 34.9%. BuySellTimer is in a positive cycle.
Metals and Commodities
WTI Crude oil futures closed at $44.55 with a doji candle below its 21 EMA. Momentum is downwards. BuySellTimer is in a negative cycle.
Gold futures closed at $1213.7 with a bullish candle below its 21 EMA, 50 and 200 SMA. Momentum is downward. BuySellTimer is in a negative cycle.
Agriculture (DBA) ETF closed at 20.12 with a bearish candle above its moving averages. Momentum is upwards. BuySellTimer is in a positive cycle.
Commodities (DBC) ETF closed at 14.31 with a bullish candle above its 21 EMA but below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle.
Bonds
Bond futures (ZB) closed with a bearish candle below its 21 EMA, 50 SMA and 200 SMA. It is trading at 151’29. Momentum is downwards. BuySellTimer is in a negative cycle.
High Yield bond ETF (HYG) closed at 87.70 with a small bullish candle below its 21 EMA and 50 SMA. Next target is the 200 SMA. Momentum is downward. BuySellTimer is in a negative cycle.
Currencies
$DXY closed with a bullish candle below its 21 EMA and 50 SMA. It is trading at 96.063. Momentum is downward.
EUR/USD closed with a bullish candle above its 21 EMA. It is trading at 1.1396. Momentum is upward.
USD/JPY closed with an inverted hammer candle above its moving averages. Momentum is upward. It is trading at 114.02.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLV, XLI, XLK, XLB, XLE and XLY respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLV, XLI, XLB and XLK respectively.
Market Internals
Vix closed at 11.11. Vix futures is at 12.23. Skew is at 133.40. Market sentiment is bullish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping downward.
The Week Ahead
The indices closed with doji candles which means indecisions. Vix is above 11 and Vix futures is above 12 which is not elevated. Economic figures are doing well but the market is overpriced and hence the indecisions. Earnings season is soon and that will add volatility to the indices. The prognosis is to trade with caution.
Penny Stocks Breaking Upwards!
GGB.
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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