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13 October 2017 – Weekly Review – All Time Highs for the week


Indices (Weekly chart)
Dow Transportation touched all-time high at 10080.51 and closed at 9936.22 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 243.55. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Dow Industrial touched all-time high of 22905.33 and closed at 22871.72 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 165.95. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 closed at 1502.6577 with a small bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 12.16. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Nasdaq 100 touched all-time high of 6100.06 and closed at 6092.4529 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 63.35. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

S&P 500 touched all-time high at 2557.65 and closed at 2553.17 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 16.05. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $51.42 per barrel with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.589. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Gold futures (GC) closed at 1306.1 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 28.7. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Agriculture (DBA) ETF closed at 19.14 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.23. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope.

Commodities (DBC) ETF gapped down and closed at 15.58 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.394. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’05 with a bullish marubozu candle on its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 2.281. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope.

High Yield bond ETF (HYG) closed at 88.33 with a small bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.25. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 93.055 with a bearish candle on its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 1.094. TSI is in a negative cycle and positive slope.

EUR/USD closed at 1.1820 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.016. TSI is in a positive cycle and negative slope.

USD/JPY closed at 111.81 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 1.137. TSI is in a positive cycle and positive slope.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLI, XLB, XLE and XLU respectively.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLB, XLI, XLK and XLV respectively.

Market Internals
Market Sentiment is positive. Market Breadth is sloping upwards. Volumetric Acc/Dis is sloping downwards. SKEW is at 138.28. Vix is at 9.61 and Vix futures is at 10.275.

The Week Ahead
It has been a week of new highs in the indices. Vix and Vix futures are showing no fear in the market. Indices continue to make new high on the strength of the US economy. The prognosis is for continued strength in the indices.

Penny Stocks Buy watchlist
APPS, ARDM, ARWR, BHF, CASI, CLSN, DMTX, FCEL, FENG, HOV, IDRA, INAP, ITEK, OCN, PDLI, PLUG, PSTI, SRAX, SRNE, TGB, VKTX, WPCS and WPRT.

 

To YOUR wealth!

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