Dow Transportation touched new high at 10676.36 and closed at 10628.74 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 97.51. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial closed at 24726.65 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 155.33. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and negative slope.
Russell 2000 closed at 1540.076 with spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.12. 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 6472.4825 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 56.61. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 closed at 2679.25 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.9. 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 $58.03 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 $1269.1 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Agriculture ETF (DBA) closed at 18.45 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.
Commodities ETF (DBC) closed at 16.12 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 150’18 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.
High Yield bond ETF (HYG) closed at 87.19 with a doji 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 93.349 with a 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 1.1870 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 113.38 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.
Swiss Franc (6S) futures closed at 1.021 with a bearish 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, XLE, XLY, XLK and XLP 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 9.72. Vix futures is at 11.40. Skew is at 133.15. Market sentiment is bullish. Market breadth is flat. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
With the passing of the Tax Reform Bill, the indices have pulled back. It has been the “Buy on Rumour, Sell the News” market. Overall, the market internals continue to show strength and as such, any weakness will be bought.
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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20 December 2017 – Buy of rumour, Sell on news
Dow Transportation touched new high at 10676.36 and closed at 10628.74 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 97.51. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial closed at 24726.65 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 155.33. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and negative slope.
Russell 2000 closed at 1540.076 with spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.12. 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 6472.4825 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 56.61. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 closed at 2679.25 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.9. 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 $58.03 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 $1269.1 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Agriculture ETF (DBA) closed at 18.45 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.
Commodities ETF (DBC) closed at 16.12 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 150’18 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.
High Yield bond ETF (HYG) closed at 87.19 with a doji 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 93.349 with a 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 1.1870 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 113.38 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.
Swiss Franc (6S) futures closed at 1.021 with a bearish 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, XLE, XLY, XLK and XLP 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 9.72. Vix futures is at 11.40. Skew is at 133.15. Market sentiment is bullish. Market breadth is flat. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
With the passing of the Tax Reform Bill, the indices have pulled back. It has been the “Buy on Rumour, Sell the News” market. Overall, the market internals continue to show strength and as such, any weakness will be bought.
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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