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13 December 2017 – New high in S&P 500

Dow Transportation closed at 10398.98 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 98.36. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

Dow Industrial touched new high at 24666.02 and closed with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 147.72. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and positive slope.

Russell 2000 closed at 1524.4459 with bullish inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 16.30. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.

Nasdaq 100 closed at 6394.67 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 28.42. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.

S&P 500 touched new high at 2671.88 and closed at 2662.85 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.03. 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 $56.67 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope. It is in a Squeeze.

Gold futures closed at $1258.1 with a bullish candle on its 8 EMA and below its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and positive slope.

Agriculture ETF (DBA) closed at 18.25 with a bullish candle in a sharp downtrend 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.

Commodities ETF (DBC) closed at 15.79 with a bearish 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.

 

Bonds
Bond futures (ZB) closed at 153’26 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and flat.

High Yield bond ETF (HYG) closed at 87.38 with a doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.

 

Currencies
$DXY closed at 93.459 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.1825 with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.

USD/JPY closed at 112.52 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in positive cycle and negative slope.

Swiss Franc (6S) futures closed at 1.015 with a bullish candle above its 8 EMA and 21 EMA and on its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in a negative 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, XLI, XLY and XLP respectively.

On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLY, XLI and XLP respectively.

Market Internals
Vix closed at 10.18. Vix futures is at 10.50. Skew is at 134.71. Market sentiment is extremely bullish. Market breadth is flat. Volumetric accumulation/distribution is sloping upwards.

The Week Ahead
The Vix is low and the Vix futures is extremely low. Market internal continues to show strength. The prognosis is for the indices to continue trending upwards.

Top Buy Penny Stocks!
BW, ENPH, GAPFF, OCRX and SORL.

 

To YOUR wealth!

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