Indices
Dow Transportation closed at 10119.36 with an inverted hammer candle pattern below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 152.81. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings –
Dow Industrial closed at 23979.10 with a bearish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 418.35. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Buy. Early Warnings – .
Russell 2000 closed at 1514.463 with an gravestone doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 20.05. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings?
Nasdaq 100 closed at 6594.83 with a small spinning top doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 138.22. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings?
S&P 500 closed at 2613.16 with a gravestone doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 42.76. 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 $63.29 per barrel with a bullish candle on its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 1.688. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell.
Gold futures (GC) closed at 1329.6 with a high closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.4. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy. Early warnings?
Agriculture (DBA) ETF closed at 18.99 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.295. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.
Commodities (DBC) ETF closed at 16.94 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.135. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 146’07 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.875. BuySellTimer is in its positive cycle. TSI is in its positive cycle and negative slope. Market direction – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.59 with a small bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.2. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy. No Trade.
Currencies
The dollar index ($DXY) closed at 89.831 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.4549. TSI is in a positive cycle and negative slope. It is in a Squeeze. Market direction – No direction.
EUR/USD closed at 1.232 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.0069. TSI is in a negative cycle and negative slope. It is in a daily Squeeze. Market direction – No direction.
USD/JPY closed at 106.74 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 0.591. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
6S(Swiss Franc) – closed at 1.0515 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.0054. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Neutral.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLU, XLP, XLY, XLB, XLF and XLV.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLK, XLE and XLY respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping downwards showing distribution. Vix is at 21.77 and Vix futures at 20.05. SKEW is at 119.90.
The Week Ahead
Volatility is the byword for this market. Both bulls and bears are tussling. The US economy is strong and that is the bullish case. The potential trade war between the US and China is the bearish case. For this reason, the economy does not know.
Futures (daily chart):
ES – Intermediate Sell. Short term Sell/Sell. No trade.
NQ – Intermediate Sell. Short term Sell/Sell. Sell.
YM – Intermediate Buy. Short term Neutral/Sell. No Trade.
GC – Intermediate Buy. Short term Buy/Buy. Buy.
CL – Intermediate Buy. Short term Neutral/Sell. No trade.
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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9 April 2019 – Volatility Volatility!
Indices
Dow Transportation closed at 10119.36 with an inverted hammer candle pattern below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 152.81. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings –
Dow Industrial closed at 23979.10 with a bearish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 418.35. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Sell/Buy. Early Warnings – .
Russell 2000 closed at 1514.463 with an gravestone doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 20.05. BuySellTimer is in negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings?
Nasdaq 100 closed at 6594.83 with a small spinning top doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 138.22. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings?
S&P 500 closed at 2613.16 with a gravestone doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 42.76. 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 $63.29 per barrel with a bullish candle on its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 1.688. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell.
Gold futures (GC) closed at 1329.6 with a high closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.4. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy. Early warnings?
Agriculture (DBA) ETF closed at 18.99 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.295. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.
Commodities (DBC) ETF closed at 16.94 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.135. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 146’07 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.875. BuySellTimer is in its positive cycle. TSI is in its positive cycle and negative slope. Market direction – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.59 with a small bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.2. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy. No Trade.
Currencies
The dollar index ($DXY) closed at 89.831 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.4549. TSI is in a positive cycle and negative slope. It is in a Squeeze. Market direction – No direction.
EUR/USD closed at 1.232 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.0069. TSI is in a negative cycle and negative slope. It is in a daily Squeeze. Market direction – No direction.
USD/JPY closed at 106.74 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 0.591. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
6S(Swiss Franc) – closed at 1.0515 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.0054. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Neutral.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLU, XLP, XLY, XLB, XLF and XLV.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLK, XLE and XLY respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping downwards showing distribution. Vix is at 21.77 and Vix futures at 20.05. SKEW is at 119.90.
The Week Ahead
Volatility is the byword for this market. Both bulls and bears are tussling. The US economy is strong and that is the bullish case. The potential trade war between the US and China is the bearish case. For this reason, the economy does not know.
Futures (daily chart):
ES – Intermediate Sell. Short term Sell/Sell. No trade.
NQ – Intermediate Sell. Short term Sell/Sell. Sell.
YM – Intermediate Buy. Short term Neutral/Sell. No Trade.
GC – Intermediate Buy. Short term Buy/Buy. Buy.
CL – Intermediate Buy. Short term Neutral/Sell. No trade.
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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