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29 December 2017 – Weekly Review – Indices ended the year with a whimper


Indices (Weekly chart)
Dow Transportation closed at 10612.29 with a small bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 138.67. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Dow Industrial closed at 24719.22 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 163.24. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope.

Russell 2000 closed at 1533.0 with a small bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 27.5. BuySellTimer is in positive cycle. TSI is in a positive cycle and negative slope.

Nasdaq 100 closed at 6396.4222 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 55.65. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

S&P 500 touched new all-time high at 2698.25 and closed at 2668.25 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 30.5. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $60.51 per barrel with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.19. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope.

Gold futures (GC) closed at 1305.1 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 32.1. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope.

Agriculture (DBA) ETF closed at 18.76 with a bullish candle on its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 0.35. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope.

Commodities (DBC) ETF closed at 16.61 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.42. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 152’26 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.375. BuySellTimer is in its negative cycle. TSI is in its negative cycle and flat.

High Yield bond ETF (HYG) closed at 87.26 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.38. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 92.297 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.322. TSI is in a negative cycle and negative slope.

EUR/USD closed at 1.2002 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0178. TSI is in a positive cycle and positive slope. It is in a Squeeze.

USD/JPY closed at 112.69 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 0.906. TSI is in a positive 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 XLE, XLI, XLY, XLF, XLB, XLK and XLP respectively.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLY, XLE, XLK, XLP, XLF, XLI and XLB respectively.

Market Internals
Market Sentiment is positive. Market Breadth is sloping upward. Volumetric Acc/Dis is sloping downward. SKEW is at 137.05. Vix is at 11.04 and Vix futures is at 11.475.

The Week Ahead
The indices closed down on the last day of the year. Market internals continue to be strong. Vix has crept up but Vix futures are still normal and not showing any sign of fear. The prognosis is for the market to remain strong.

Futures: Gold, Oil continue to trend upwards.

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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