Dow Transportation gapped up and closed at 10522.26 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 99.33. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched new high at 24876.07 and closed at 24792.2 with a bullish inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 136.51. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and positive slope.
Russell 2000 closed at 1548.92 with bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 21.50. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. The index is in a Squeeze.
Nasdaq 100 gapped up and touched new high at 6522.7 and closed at 6513.27 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 27.52. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new high at 2694.97 and closed at 2690.16 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.05. 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 $57.35 with a doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope. It is in a Squeeze.
Gold futures closed at $1265.3 with a bullish candle above its 8 EMA and below its 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 18.35 with a bearish candle in a sharp downtrend 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.
Commodities ETF (DBC) closed at 15.91 with a spinning top doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and negative slope.
Bonds
Bond futures (ZB) closed at 153’07 with a big bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. It is in a Squeeze.
High Yield bond ETF (HYG) closed at 87.30 with an inverted hammer candle below its 8 EMA, 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 93.699 with a bearish candle between its 8 EMA and 21 EMA and below its 50 SMA. Momentum is upwards. TSI is in a negative cycle and positive slope.
EUR/USD closed at 1.1781 with a bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is downwards. TSI is in positive cycle and negative slope. It is in a Squeeze.
USD/JPY closed at 112.53 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.
Swiss Franc (6S) futures closed at 1.0229 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 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, XLI, XLI, XLY and XLK respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLY and XLP respectively.
Market Internals
Vix closed at 9.53. Vix futures is at 9.85. Skew is at 132.72. Market sentiment is extremely bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
The indices continue to make new all-time high in this Christmas Rally in expectation that the Tax Reform Bill in its final version will be passed before the end of the year. All market internals are showing strength. The prognosis is for this rally to continue to the end of the year.
Top Buy Penny Stocks!
BITCF, BW, EGO, ENPH, EXK, GAPFF, GORO, GPL, INTV, MFIN, MUX, MYMMF, OCRX, PIXY, SORL, SRNE, UEC, VSLR and VSQTF.
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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18 December 2017 – Christmas Rally to new highs
Dow Transportation gapped up and closed at 10522.26 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 99.33. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched new high at 24876.07 and closed at 24792.2 with a bullish inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 136.51. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and positive slope.
Russell 2000 closed at 1548.92 with bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 21.50. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. The index is in a Squeeze.
Nasdaq 100 gapped up and touched new high at 6522.7 and closed at 6513.27 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 27.52. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new high at 2694.97 and closed at 2690.16 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.05. 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 $57.35 with a doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope. It is in a Squeeze.
Gold futures closed at $1265.3 with a bullish candle above its 8 EMA and below its 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 18.35 with a bearish candle in a sharp downtrend 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.
Commodities ETF (DBC) closed at 15.91 with a spinning top doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in negative cycle and negative slope.
Bonds
Bond futures (ZB) closed at 153’07 with a big bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. It is in a Squeeze.
High Yield bond ETF (HYG) closed at 87.30 with an inverted hammer candle below its 8 EMA, 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 93.699 with a bearish candle between its 8 EMA and 21 EMA and below its 50 SMA. Momentum is upwards. TSI is in a negative cycle and positive slope.
EUR/USD closed at 1.1781 with a bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Momentum is downwards. TSI is in positive cycle and negative slope. It is in a Squeeze.
USD/JPY closed at 112.53 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.
Swiss Franc (6S) futures closed at 1.0229 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 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, XLI, XLI, XLY and XLK respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLY and XLP respectively.
Market Internals
Vix closed at 9.53. Vix futures is at 9.85. Skew is at 132.72. Market sentiment is extremely bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
The indices continue to make new all-time high in this Christmas Rally in expectation that the Tax Reform Bill in its final version will be passed before the end of the year. All market internals are showing strength. The prognosis is for this rally to continue to the end of the year.
Top Buy Penny Stocks!
BITCF, BW, EGO, ENPH, EXK, GAPFF, GORO, GPL, INTV, MFIN, MUX, MYMMF, OCRX, PIXY, SORL, SRNE, UEC, VSLR and VSQTF.
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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