Indices
Dow Transportation closed at 10381.99 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 193.29. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Dow Industrial closed at 25029.20 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 553.73. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Russell 2000 closed at 1512.45 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 31.30. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Nasdaq 100 closed at 6854.42 with a big bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 109.74. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
S&P 500 closed at 2713.83 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 47.98. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $61.55 per barrel with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.08. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.
Gold futures (GC) closed at 1319.4 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell. Gold has exited its daily Squeeze.
Agriculture (DBA) ETF gapped up and closed at 19.17 with a low closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Commodities (DBC) ETF closed at 16.60 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.32. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Bonds
Bond futures (/ZB) closed at 143’16 with a bullish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 1.03. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction – Sell/Sell.
High Yield bond ETF (HYG) closed at 86.18 with a bearish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.357. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.
Currencies
The dollar index ($DXY) closed at 90.655 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.39. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
EUR/USD closed at 1.2192 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0053. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
USD/JPY closed at 106.66 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.958. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.
6S(Swiss Franc) – closed at 1.0605 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0082. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction is Bearish/Bearish.
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 XLK, XLF, XLY and XLI respectively.
Market Internals
Market sentiment is still bullish. Market breadth has shown nett decliners to gainers. Volume accumulation/distribution is showing distribution. Vix is at 19.85 and 18.56. Skew is at 138.95.
The Week Ahead
Vix and Vix futures are in backwardation and both have increased with the market pullback. Skew is within the normal range. Market breadth has deteriorated slightly and likewise with Volume accumulation. The prognosis is for the volatility to remain.
Futures (daily chart):
ES – Sell/Sell
NQ – Buy/Buy
YM – Sell/Sell
GC – Sell/Sell
CL – Sell/Sell
Stocks Buy Watchlist
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Penny Stocks BreakOut
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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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28 February 2018 – Indices tumble, is fundamental prevailing?
Indices
Dow Transportation closed at 10381.99 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 193.29. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Dow Industrial closed at 25029.20 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 553.73. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Russell 2000 closed at 1512.45 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 31.30. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Nasdaq 100 closed at 6854.42 with a big bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 109.74. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
S&P 500 closed at 2713.83 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 47.98. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $61.55 per barrel with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.08. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.
Gold futures (GC) closed at 1319.4 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell. Gold has exited its daily Squeeze.
Agriculture (DBA) ETF gapped up and closed at 19.17 with a low closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Commodities (DBC) ETF closed at 16.60 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.32. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Bonds
Bond futures (/ZB) closed at 143’16 with a bullish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 1.03. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction – Sell/Sell.
High Yield bond ETF (HYG) closed at 86.18 with a bearish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.357. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.
Currencies
The dollar index ($DXY) closed at 90.655 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.39. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
EUR/USD closed at 1.2192 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0053. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
USD/JPY closed at 106.66 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.958. TSI is in a negative cycle and positive slope. Market direction – Sell/Sell.
6S(Swiss Franc) – closed at 1.0605 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0082. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction is Bearish/Bearish.
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 XLK, XLF, XLY and XLI respectively.
Market Internals
Market sentiment is still bullish. Market breadth has shown nett decliners to gainers. Volume accumulation/distribution is showing distribution. Vix is at 19.85 and 18.56. Skew is at 138.95.
The Week Ahead
Vix and Vix futures are in backwardation and both have increased with the market pullback. Skew is within the normal range. Market breadth has deteriorated slightly and likewise with Volume accumulation. The prognosis is for the volatility to remain.
Futures (daily chart):
ES – Sell/Sell
NQ – Buy/Buy
YM – Sell/Sell
GC – Sell/Sell
CL – Sell/Sell
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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