Dow Transportation touched new all-time high of 10010.44 and closed at 9921.84 with a bearish candle above its moving averages. Daily trading range was 92.55. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched new all-time high at 22685.94 and closed at 22661.64 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 83.42. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 touched all-time high at 1514.77 and closed at 1507.77 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.70. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 closed at 5998.836 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 33.69. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2540.53, traded upwards and closed at 2537.74 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.73. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $49.9 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Gold futures closed at $1277.5 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
Agriculture ETF (DBA) closed at 18.92 with a doji candle on its 8 EMA and 21 EMA and below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and flat slope. It is in a Squeeze.
Commodities ETF (DBC) closed at 15.30 with a small spinning top doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Bonds
Bond futures (ZB) closed at 152’25 with a big doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.42 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 93.487 with a hammer candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in a positive cycle and positive slope.
EUR/USD closed at 1.1758 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
USD/JPY closed at 112.74 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope. The Linear Regression Slope is showing that it is about to turn.
6S (Swiss Franc futures) closed at 1.0306 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLI and XLB respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLK, XLB, XLI and XLV respectively.
Market Internals
Vix closed at 9.63. Vix futures is at 11.30. Skew is at 144.19. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to show strength. Vix is below 10 and Vix futures is below 12 which means the market is not expecting near term future volatility. CBOE Skew is over 142 which usually means there are market participants buying cheap OTM Put Options. The indices continue to make new all-time highs and the prognosis is for a pullback is expected in the coming days.
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ACRX, APPS, ARDM, ARLZ, ARWR, ATRS, CAPR, CATB, CLD, CVEO, DMTX, DRNA, FCEL, FENG, GRPN, IPI, ITEK, IZEA, MRNS, NE, PDLI, PLUG, SCYX, SRAX, VCEL, VKTX, WPCS and WPRT.
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4 October 2017 – Market continues its march upwards!
Dow Transportation touched new all-time high of 10010.44 and closed at 9921.84 with a bearish candle above its moving averages. Daily trading range was 92.55. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched new all-time high at 22685.94 and closed at 22661.64 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 83.42. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 touched all-time high at 1514.77 and closed at 1507.77 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.70. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 closed at 5998.836 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 33.69. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2540.53, traded upwards and closed at 2537.74 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.73. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $49.9 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Gold futures closed at $1277.5 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
Agriculture ETF (DBA) closed at 18.92 with a doji candle on its 8 EMA and 21 EMA and below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and flat slope. It is in a Squeeze.
Commodities ETF (DBC) closed at 15.30 with a small spinning top doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Bonds
Bond futures (ZB) closed at 152’25 with a big doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.42 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Currencies
$DXY closed at 93.487 with a hammer candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in a positive cycle and positive slope.
EUR/USD closed at 1.1758 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
USD/JPY closed at 112.74 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope. The Linear Regression Slope is showing that it is about to turn.
6S (Swiss Franc futures) closed at 1.0306 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLI and XLB respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLK, XLB, XLI and XLV respectively.
Market Internals
Vix closed at 9.63. Vix futures is at 11.30. Skew is at 144.19. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to show strength. Vix is below 10 and Vix futures is below 12 which means the market is not expecting near term future volatility. CBOE Skew is over 142 which usually means there are market participants buying cheap OTM Put Options. The indices continue to make new all-time highs and the prognosis is for a pullback is expected in the coming days.
Top Buy Penny Stocks!
ACRX, APPS, ARDM, ARLZ, ARWR, ATRS, CAPR, CATB, CLD, CVEO, DMTX, DRNA, FCEL, FENG, GRPN, IPI, ITEK, IZEA, MRNS, NE, PDLI, PLUG, SCYX, SRAX, VCEL, VKTX, WPCS and WPRT.
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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