Indices (Weekly chart)
Dow Transportation closed at 10674.97 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 258.59. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Dow Industrial touched new high at 24876.07 and closed at 24754.06 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 178.96. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Russell 2000 closed at 1542.93 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 21.50. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Nasdaq 100 touched new high at 6522.7 and closed at 6465.17 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 74.77. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
S&P 500 touched new all-time high at 2694.97 and closed at 2683.34 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 18.86. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $58.35 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.62. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.
Gold futures (GC) closed at 1279.1 with a bullish candle above its 8 EMA and 50 SMA and on its 21 EMA. Weekly trading range was 25.1. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.
Agriculture (DBA) ETF closed at 18.41 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.18. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Commodities (DBC) ETF closed at 16.2 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.37. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 151’01 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 3.81. BuySellTimer is in its negative cycle. TSI is in its negative cycle and flat.
High Yield bond ETF (HYG) closed at 87.00 with a small bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.525. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 93.321 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.863. TSI is in a negative cycle and positive slope.
EUR/USD closed at 1.1860 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0163. TSI is in a positive cycle and negative slope. It is in a Squeeze.
USD/JPY closed at 113.28 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.326. 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 XLE, XLF, XLI, XLY, XLP and XLK respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY, XLF, XLE and XLP respectively.
Market Internals
Market Sentiment is positive. Market Breadth is sloping upward. Volumetric Acc/Dis is sloping upward. SKEW is at 134.40. Vix is at 9.90 and Vix futures is at 11.425.
The Week Ahead
Market internals continue to show strength. Vix and Vix futures do not show fear. Skew is normal. Indices on the weekly chart are showing indecision. We will have to see how the indices open after Christmas to see any potential weakness. The prognosis is for the market to continue with the sidewards till after the New Year.
Stocks Buy Watchlist
AMRN, AUY, BIOS, BTG, BW, CERC, CLD, EBIO, EGO, EXK, GAPFF, GGB, GORO, GPL, GTE, MEET, MFIN, MUX, MYMMF, NG, NGD, NXTD, OCRX, PIXY, SORL, SRNE, UEC, VSLR, VSQTF and WFT. Gold and Silver stocks are on the move!
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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22 December 2017 – Weekly review – Final week of Christmas Rally
Indices (Weekly chart)
Dow Transportation closed at 10674.97 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 258.59. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Dow Industrial touched new high at 24876.07 and closed at 24754.06 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 178.96. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Russell 2000 closed at 1542.93 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 21.50. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.
Nasdaq 100 touched new high at 6522.7 and closed at 6465.17 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 74.77. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
S&P 500 touched new all-time high at 2694.97 and closed at 2683.34 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 18.86. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $58.35 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.62. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.
Gold futures (GC) closed at 1279.1 with a bullish candle above its 8 EMA and 50 SMA and on its 21 EMA. Weekly trading range was 25.1. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope.
Agriculture (DBA) ETF closed at 18.41 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.18. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Commodities (DBC) ETF closed at 16.2 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.37. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 151’01 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 3.81. BuySellTimer is in its negative cycle. TSI is in its negative cycle and flat.
High Yield bond ETF (HYG) closed at 87.00 with a small bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.525. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 93.321 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.863. TSI is in a negative cycle and positive slope.
EUR/USD closed at 1.1860 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0163. TSI is in a positive cycle and negative slope. It is in a Squeeze.
USD/JPY closed at 113.28 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.326. 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 XLE, XLF, XLI, XLY, XLP and XLK respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY, XLF, XLE and XLP respectively.
Market Internals
Market Sentiment is positive. Market Breadth is sloping upward. Volumetric Acc/Dis is sloping upward. SKEW is at 134.40. Vix is at 9.90 and Vix futures is at 11.425.
The Week Ahead
Market internals continue to show strength. Vix and Vix futures do not show fear. Skew is normal. Indices on the weekly chart are showing indecision. We will have to see how the indices open after Christmas to see any potential weakness. The prognosis is for the market to continue with the sidewards till after the New Year.
Stocks Buy Watchlist
AMRN, AUY, BIOS, BTG, BW, CERC, CLD, EBIO, EGO, EXK, GAPFF, GGB, GORO, GPL, GTE, MEET, MFIN, MUX, MYMMF, NG, NGD, NXTD, OCRX, PIXY, SORL, SRNE, UEC, VSLR, VSQTF and WFT. Gold and Silver stocks are on the move!
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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