Dow Transportation touched new high at 10550.68 and closed at 10535.91 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 71.27. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial closed at 24754.75 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 134.51. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and positive slope.
Russell 2000 closed at 1536.7496 with big bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 16.30. 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 traded down and closed at 6480.67 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 48.09. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 closed at 2681.47 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.7. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Metals and Commodities
WTI Crude oil futures closed at $57.66 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 positive cycle and positive slope. It is in a Squeeze.
Gold futures closed at $1264.8 with a doji 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 18.37 with an inverted hammer 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) gapped up and closed at 16.03 with a bullish marubozu 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 positive slope.
Bonds
Bond futures (ZB) closed at 151’17 with a big 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. It is in a Squeeze.
High Yield bond ETF (HYG) closed at 87.12 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
Currencies
$DXY closed at 93.428 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in a negative cycle and negative slope.
EUR/USD closed at 1.1838 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope. It is in a Squeeze.
USD/JPY closed at 112.87 with a bullish candle above its 8 EMA and 21 EMA and on its 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.
Swiss Franc (6S) futures closed at 1.0231 with a doji 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, 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, XLY, XLF and XLP respectively.
Market Internals
Vix closed at 10.03. Vix futures is at 11.25. Skew is at 130.69. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
The indices pulled back as there was no further catalyst to push it higher. The tax reform bill is due for the last round of voting before it becomes law. Market internals continue to show strength. The Christmas Rally is still on and the prognosis is for a strong finish to the end of the year.
Top Buy Penny Stocks!
BITCF, BW, EGO, 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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19 December 2017 – Pullback before Christmas
Dow Transportation touched new high at 10550.68 and closed at 10535.91 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 71.27. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial closed at 24754.75 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 134.51. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and positive slope.
Russell 2000 closed at 1536.7496 with big bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 16.30. 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 traded down and closed at 6480.67 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 48.09. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 closed at 2681.47 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.7. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Metals and Commodities
WTI Crude oil futures closed at $57.66 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 positive cycle and positive slope. It is in a Squeeze.
Gold futures closed at $1264.8 with a doji 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 18.37 with an inverted hammer 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) gapped up and closed at 16.03 with a bullish marubozu 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 positive slope.
Bonds
Bond futures (ZB) closed at 151’17 with a big 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. It is in a Squeeze.
High Yield bond ETF (HYG) closed at 87.12 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
Currencies
$DXY closed at 93.428 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in a negative cycle and negative slope.
EUR/USD closed at 1.1838 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope. It is in a Squeeze.
USD/JPY closed at 112.87 with a bullish candle above its 8 EMA and 21 EMA and on its 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.
Swiss Franc (6S) futures closed at 1.0231 with a doji 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, 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, XLY, XLF and XLP respectively.
Market Internals
Vix closed at 10.03. Vix futures is at 11.25. Skew is at 130.69. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
The indices pulled back as there was no further catalyst to push it higher. The tax reform bill is due for the last round of voting before it becomes law. Market internals continue to show strength. The Christmas Rally is still on and the prognosis is for a strong finish to the end of the year.
Top Buy Penny Stocks!
BITCF, BW, EGO, 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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