Indices
Dow Transportation closed at 10758.38 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 100.1. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Dow Industrial closed at 25007.03 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 428.9. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Russell 2000 closed at 1592.052 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 18.94. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Nasdaq 100 closed at 7046.5111 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 160.26. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
S&P 500 closed at 2765.31 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 43.22. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $60.85 per barrel with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.66. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Gold futures (GC) closed at 1326.8 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 15. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Gold is in a daily Squeeze.
Agriculture (DBA) ETF closed at 19.39 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.146. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.
Commodities (DBC) ETF closed at 16.59 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.19. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Bonds
Bond futures (/ZB) closed at 144’06 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 1.06. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.66 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.43. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Currencies
The dollar index ($DXY) closed at 89.684. with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.521. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.
EUR/USD closed at 1.2388 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0092. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
USD/JPY closed at 106.56 with a low closing spinning top doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 1.043. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
6S(Swiss Franc) – closed at 1.0596 with a bullish candle above its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 0.0072. 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 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 16.35 and Vix futures at 17. SKEW is at 140.43.
The Week Ahead
Market Internals continue to remain strong. Vix is at a reasonable level. The current pullback appears to be news related and not because of fundamentals in the US economy. The prognosis is for a bullish bias.
Futures (daily chart):
ES – Buy/Buy
NQ – Buy/Buy
YM – Buy/Buy
GC – Sell/Buy
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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13 March 2018 – A pullback, Tillerson is Out
Indices
Dow Transportation closed at 10758.38 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 100.1. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Dow Industrial closed at 25007.03 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 428.9. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Russell 2000 closed at 1592.052 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 18.94. BuySellTimer is in positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Nasdaq 100 closed at 7046.5111 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 160.26. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
S&P 500 closed at 2765.31 with a bearish engulfing candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 43.22. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $60.85 per barrel with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.66. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Gold futures (GC) closed at 1326.8 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 15. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Gold is in a daily Squeeze.
Agriculture (DBA) ETF closed at 19.39 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.146. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction – Buy/Buy.
Commodities (DBC) ETF closed at 16.59 with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.19. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Bonds
Bond futures (/ZB) closed at 144’06 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 1.06. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.66 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.43. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Currencies
The dollar index ($DXY) closed at 89.684. with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.521. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.
EUR/USD closed at 1.2388 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0092. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
USD/JPY closed at 106.56 with a low closing spinning top doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 1.043. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
6S(Swiss Franc) – closed at 1.0596 with a bullish candle above its 8 EMA and 50 SMA and below its 21 EMA. Daily trading range was 0.0072. 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 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 16.35 and Vix futures at 17. SKEW is at 140.43.
The Week Ahead
Market Internals continue to remain strong. Vix is at a reasonable level. The current pullback appears to be news related and not because of fundamentals in the US economy. The prognosis is for a bullish bias.
Futures (daily chart):
ES – Buy/Buy
NQ – Buy/Buy
YM – Buy/Buy
GC – Sell/Buy
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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