Indices
Dow Transportation closed at 10502.33 with a bearish hammer candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 140.81. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.
Dow Industrial closed at 25219.38 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 283.16. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
Russell 2000 closed at 1543.55 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 19.29. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
Nasdaq 100 closed at 6770.6635 with a low closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 82.09. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
S&P 500 closed at 2732.22 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 29.31. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
Metals and Commodities
WTI Crude oil futures (CL) closed at $62.19 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.16. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
Gold futures (GC) closed at 1349.4 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Bullish. Gold is still in its daily Squeeze.
Agriculture (DBA) ETF closed at 18.97 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.10. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Bullish.
Commodities (DBC) ETF closed at 16.57 with a bullish candle above its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 0.12. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.
Bonds
Bond futures (/ZB) closed at 144’07 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.2812. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction – Bearish.
High Yield bond ETF (HYG) closed at 86.45 with a bullish marubozu candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.44. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
Currencies
The dollar index ($DXY) closed at 89.076 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.973. TSI is in a negative cycle and positive slope. Market direction – Bearish.
EUR/USD closed at 1.2406 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0065. TSI is in a positive cycle and negative slope. Market direction – Bearish. It is in a daily Squeeze.
USD/JPY closed at 106.58 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.637. TSI is in a negative cycle and negative slope. Market direction – Bearish.
6S(Swiss Franc) – closed at 1.08 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0118. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction is Bullish.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLI and XLY respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLY, XLF, XLK and XLI respectively.
Market Internals
Market Sentiment is bullish. Market breadth slopes upwards showing nett gain to losers. Market Volume accumulation/distribution is sloping upwards showing accumulation. SKEW is 131.67. Vix is at 19.46 and Vix futures is at 18.00.
The Week Ahead
The indices traded within a range and was volatile. Market internals continue to show strength. Skew is normal. Vix and Vix futures are still in backwardation meaning that the market believes that there is less volatility in the near future. This means that the market is expecting it to continue upwards.
Futures (daily chart):
ES – Buy
NQ – Buy
YM – Buy
GC – Neutral
CL – Buy
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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 February 2018 – Indecision in the market
Indices
Dow Transportation closed at 10502.33 with a bearish hammer candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 140.81. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.
Dow Industrial closed at 25219.38 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 283.16. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
Russell 2000 closed at 1543.55 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 19.29. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
Nasdaq 100 closed at 6770.6635 with a low closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 82.09. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
S&P 500 closed at 2732.22 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 29.31. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
Metals and Commodities
WTI Crude oil futures (CL) closed at $62.19 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.16. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
Gold futures (GC) closed at 1349.4 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Bullish. Gold is still in its daily Squeeze.
Agriculture (DBA) ETF closed at 18.97 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.10. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Bullish.
Commodities (DBC) ETF closed at 16.57 with a bullish candle above its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 0.12. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral.
Bonds
Bond futures (/ZB) closed at 144’07 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.2812. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction – Bearish.
High Yield bond ETF (HYG) closed at 86.45 with a bullish marubozu candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.44. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Bullish.
Currencies
The dollar index ($DXY) closed at 89.076 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.973. TSI is in a negative cycle and positive slope. Market direction – Bearish.
EUR/USD closed at 1.2406 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0065. TSI is in a positive cycle and negative slope. Market direction – Bearish. It is in a daily Squeeze.
USD/JPY closed at 106.58 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.637. TSI is in a negative cycle and negative slope. Market direction – Bearish.
6S(Swiss Franc) – closed at 1.08 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0118. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction is Bullish.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLI and XLY respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLY, XLF, XLK and XLI respectively.
Market Internals
Market Sentiment is bullish. Market breadth slopes upwards showing nett gain to losers. Market Volume accumulation/distribution is sloping upwards showing accumulation. SKEW is 131.67. Vix is at 19.46 and Vix futures is at 18.00.
The Week Ahead
The indices traded within a range and was volatile. Market internals continue to show strength. Skew is normal. Vix and Vix futures are still in backwardation meaning that the market believes that there is less volatility in the near future. This means that the market is expecting it to continue upwards.
Futures (daily chart):
ES – Buy
NQ – Buy
YM – Buy
GC – Neutral
CL – Buy
Stocks Buy Watchlist
.
Penny Stocks BreakOut
.
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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