Dow Transportation closed at 10327.95 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 140.13. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Dow Industrial touched new high at 24672.48 and closed at 24508.66 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 163.82. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in its positive cycle and negative slope.
Russell 2000 closed at 1506.95 with bearish candle below its 8 EMA and 21 EMA and found support on its 50 SMA. Daily trading range was 22.11. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Nasdaq 100 closed at 6389.906867 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 37.43. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 closed at 2652.01 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 16.08. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Metals and Commodities
WTI Crude oil futures closed at $57.18 with a bullish candle on its 8 EMA and above its 21 EMA and 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 $1255.3 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Agriculture ETF (DBA) closed at 18.24 with a bearish marubozu 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 15.84 with a bullish 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 154’02 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
High Yield bond ETF (HYG) closed at 87.20 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.
Currencies
$DXY closed at 93.689 with a big bullish candle above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is sideways. TSI is in a negative cycle and positive slope.
EUR/USD closed at 1.1777 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.
USD/JPY closed at 112.37 with a bearish spinning top doji 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 1.0199 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive 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, XLY, XLI 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 and XLP respectively.
Market Internals
Vix closed at 10.49. Vix futures is at 10.39. Skew is at 134.02. Market sentiment is rather bullish. Market breadth is flat. Volumetric accumulation/distribution is flat.
The Week Ahead
There is a backwardation of the Vix and Vix futures. The Vix is higher than the Vix futures which is rather unique. It means that the market is expecting more immediate volatility and not near term future volatility. SKEW is normal. The prognosis is for short-term pullback and longer tern uptrend.
Top Buy Penny Stocks!
BW, ENPH, GAPFF, OCRX and SORL.
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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14 December 2017 – A small pullback
Dow Transportation closed at 10327.95 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 140.13. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Dow Industrial touched new high at 24672.48 and closed at 24508.66 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 163.82. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in its positive cycle and negative slope.
Russell 2000 closed at 1506.95 with bearish candle below its 8 EMA and 21 EMA and found support on its 50 SMA. Daily trading range was 22.11. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Nasdaq 100 closed at 6389.906867 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 37.43. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 closed at 2652.01 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 16.08. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Metals and Commodities
WTI Crude oil futures closed at $57.18 with a bullish candle on its 8 EMA and above its 21 EMA and 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 $1255.3 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Agriculture ETF (DBA) closed at 18.24 with a bearish marubozu 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 15.84 with a bullish 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 154’02 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
High Yield bond ETF (HYG) closed at 87.20 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.
Currencies
$DXY closed at 93.689 with a big bullish candle above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is sideways. TSI is in a negative cycle and positive slope.
EUR/USD closed at 1.1777 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.
USD/JPY closed at 112.37 with a bearish spinning top doji 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 1.0199 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive 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, XLY, XLI 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 and XLP respectively.
Market Internals
Vix closed at 10.49. Vix futures is at 10.39. Skew is at 134.02. Market sentiment is rather bullish. Market breadth is flat. Volumetric accumulation/distribution is flat.
The Week Ahead
There is a backwardation of the Vix and Vix futures. The Vix is higher than the Vix futures which is rather unique. It means that the market is expecting more immediate volatility and not near term future volatility. SKEW is normal. The prognosis is for short-term pullback and longer tern uptrend.
Top Buy Penny Stocks!
BW, ENPH, GAPFF, OCRX and SORL.
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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