Indices
Dow Transportation closed at 10254.64 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 226.55. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell.
Dow Industrial closed at 23930.15 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 464.84. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
Russell 2000 closed at 1546.558 with a bearish hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 22.0315. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Nasdaq 100 closed at 6643.4793 with a bullish candle on its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 127.43. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.
S&P 500 closed at 2629.73 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 42.52. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. It is in a Squeeze. Market direction – Intermediate – Sell. Current – Sell/Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $68.5 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.39. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1312.8 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.8. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Agriculture (DBA) ETF closed at 19.54 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.24. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Commodities (DBC) ETF closed at 17.57 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 143’17 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 1.0312. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.
High Yield bond ETF (HYG) closed at 85.36 with a small doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.18. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Currencies
The dollar index ($DXY) closed at 92.435 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.418. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1987 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.006. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
USD/JPY closed at 109.18 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.98. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.0057 with a small doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0044. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLU, XLY, XLI and XLF.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLU and XLY respectively.
Market Internals
Market sentiment is slightly bullish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping downwards showing distribution. Vix is at 15.87 and Vix futures at 16.65. SKEW is at 126.79.
The Week Ahead
The indices continued to be volatile with the bulls coming later in the day to buy the sell-off. Vix and Vix futures still indicate volatility. Skew is normal. Market sentiment is about neutral. Market internals are showing weakness. The prognosis is for continuing selling pressure.
Futures Summary(daily chart):
ES – Intermediate Sell. Short term Sell/Sell. Squeeze. No trade.
NQ – Intermediate Sell. Short term Sell/Buy. Squeeze. No trade.
YM – Intermediate Sell. Short term Sell/Sell. Sell Signal.
GC – Intermediate Sell. Short term Sell/Sell.
CL – Intermediate Buy. Short term Buy/Buy. Negative divergence signal.
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.
Related
3 April 2018 – Bulls show that it is still hanging around
Indices
Dow Transportation closed at 10254.64 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 226.55. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell.
Dow Industrial closed at 23930.15 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 464.84. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
Russell 2000 closed at 1546.558 with a bearish hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 22.0315. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Nasdaq 100 closed at 6643.4793 with a bullish candle on its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 127.43. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.
S&P 500 closed at 2629.73 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 42.52. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. It is in a Squeeze. Market direction – Intermediate – Sell. Current – Sell/Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $68.5 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.39. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1312.8 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 13.8. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Agriculture (DBA) ETF closed at 19.54 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.24. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Commodities (DBC) ETF closed at 17.57 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 143’17 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 1.0312. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.
High Yield bond ETF (HYG) closed at 85.36 with a small doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.18. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Currencies
The dollar index ($DXY) closed at 92.435 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.418. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1987 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.006. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
USD/JPY closed at 109.18 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.98. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.0057 with a small doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0044. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLU, XLY, XLI and XLF.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLU and XLY respectively.
Market Internals
Market sentiment is slightly bullish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping downwards showing distribution. Vix is at 15.87 and Vix futures at 16.65. SKEW is at 126.79.
The Week Ahead
The indices continued to be volatile with the bulls coming later in the day to buy the sell-off. Vix and Vix futures still indicate volatility. Skew is normal. Market sentiment is about neutral. Market internals are showing weakness. The prognosis is for continuing selling pressure.
Futures Summary(daily chart):
ES – Intermediate Sell. Short term Sell/Sell. Squeeze. No trade.
NQ – Intermediate Sell. Short term Sell/Buy. Squeeze. No trade.
YM – Intermediate Sell. Short term Sell/Sell. Sell Signal.
GC – Intermediate Sell. Short term Sell/Sell.
CL – Intermediate Buy. Short term Buy/Buy. Negative divergence signal.
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.
Share this:
Related