Indices
Dow Transportation closed at 10706.93 with a small bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 82.41. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Dow Industrial closed at 25178.61 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 297.13. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Russell 2000 closed at 1601.0564 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.68. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Nasdaq 100 closed at 7131.121 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 48.21. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
S&P 500 closed at 2738.97 with a bullish candle above its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 17.8. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $61.38 per barrel with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.66. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.
Gold futures (GC) closed at 1323.5 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.7. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell. Gold has exited its daily Squeeze.
Agriculture (DBA) ETF closed at 19.38 with a bullish candle on its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.09. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Neutral.
Commodities (DBC) ETF closed at 16.64 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 143’22 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.9687. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.93 with a bearish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.28. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Currencies
The dollar index ($DXY) closed at 89.929. with a bearish candle on its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.347. TSI is in a negative cycle and positive slope. Market direction – Neutral/Sell.
EUR/USD closed at 1.2332 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0054. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.
USD/JPY closed at 106.22 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.421. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.
6S(Swiss Franc) – closed at 1.0558 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.006. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction is Sell/Sell.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK and XLF respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY and XLF respectively.
Market Internals
Market sentiment remains bullish. Market breadth is sloping upwards showing nett gainers to decliners. Volume accumulation/distribution is sloping upwards showing accumulation. Vix is at 15.89 and Vix futures at 16.21. Skew is at 129.62. SKEW is at 141.98.
The Week Ahead
Market internals continue to show strength. Vix has decreasing which means the market hedging has decrease. This has the potential to cause a big drop in the indices. SKEW is near threshold where it indicates the there are increasing number of traders buying protection for their portfolio. The prognosis is that the market is building strength but is vulnerable to sudden drop.
Futures (daily chart):
ES – Buy/Buy
NQ – Buy/Buy
YM – Buy/Buy
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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12 March 2018 – Indices held back after last Friday’s excesses
Indices
Dow Transportation closed at 10706.93 with a small bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 82.41. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Dow Industrial closed at 25178.61 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 297.13. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Russell 2000 closed at 1601.0564 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.68. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Nasdaq 100 closed at 7131.121 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 48.21. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
S&P 500 closed at 2738.97 with a bullish candle above its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 17.8. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $61.38 per barrel with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.66. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.
Gold futures (GC) closed at 1323.5 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.7. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell. Gold has exited its daily Squeeze.
Agriculture (DBA) ETF closed at 19.38 with a bullish candle on its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.09. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Neutral.
Commodities (DBC) ETF closed at 16.64 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 143’22 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.9687. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.93 with a bearish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.28. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Currencies
The dollar index ($DXY) closed at 89.929. with a bearish candle on its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.347. TSI is in a negative cycle and positive slope. Market direction – Neutral/Sell.
EUR/USD closed at 1.2332 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0054. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.
USD/JPY closed at 106.22 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.421. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.
6S(Swiss Franc) – closed at 1.0558 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.006. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction is Sell/Sell.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK and XLF respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY and XLF respectively.
Market Internals
Market sentiment remains bullish. Market breadth is sloping upwards showing nett gainers to decliners. Volume accumulation/distribution is sloping upwards showing accumulation. Vix is at 15.89 and Vix futures at 16.21. Skew is at 129.62. SKEW is at 141.98.
The Week Ahead
Market internals continue to show strength. Vix has decreasing which means the market hedging has decrease. This has the potential to cause a big drop in the indices. SKEW is near threshold where it indicates the there are increasing number of traders buying protection for their portfolio. The prognosis is that the market is building strength but is vulnerable to sudden drop.
Futures (daily chart):
ES – Buy/Buy
NQ – Buy/Buy
YM – Buy/Buy
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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