Indices (Weekly chart)
Dow Transportation closed at 10900.06 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 320.35. BuySellTimer is in its positive cycle. TSI is in its positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Dow Industrial closed at 24753.09 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 480.59. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Buy. Current – Neutral/Buy.
Russell 2000 closed at 1626.9278 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 23.2942. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. It is in a Squeeze. Market direction:- Intermediate – Buy, Current – Buy/Buy.
Nasdaq 100 closed at 6960.9188 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 135.58. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate term – Buy. Current – Buy/Buy.
S&P 500 closed at 2721.93 with a doji candle above its 8 EMA, 21 EMA and its 50 SMA. Weekly trading range was 34.86. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction. Intermediate term – Buy. Current – Neutral/Buy.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $67.50 per barrel with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 5.48. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1306.5 with a bullish candle below its 8 EMA and 21 EMA and on its 50 SMA. Weekly trading range was 26. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Neutral/Sell.
Agriculture (DBA) ETF closed at 19.36 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.47. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. It is in a weekly and monthly Squeeze. Market direction:- Intermediate Term – Buy. Short term – Buy/Buy.
Commodities (DBC) ETF closed at 17.69 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.35. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 143’03 with a bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 3.1562. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Neutral/Buy.
High Yield bond ETF (HYG) closed at 85.56 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.33. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Sell/Buy.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 94.253 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.007. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1649 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 0.0184. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Sell/Sell.
USD/JPY closed at 109.36 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 2.441. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Neutral/Buy.
6S (Swiss Franc) closed at 1.0127 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0112. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – 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 XLI, XLK, XLF and XLB respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLY, XLI and XLB respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping upwards showing nett gainers to losers. Market Volume is sloping upwards showing accumulation. Skew is at 140.78. Vix is at 13.22 and Vix futures 14.20.
The Week Ahead
The Dow Transportation and Russell 2000 is showing positive momentum and strength. The indices have been trading sideways and building up compressed energy. Vix and Vix futures are fairly normal. Market sentiment continues to be bullish. Market internals are showing strength. The prognosis is for a potential quick pullback in the coming week but the momentum is upwards.
Futures (Daily Chart):
ES – Intermediate Term – Buy. Current – Buy/Buy.
NQ – Intermediate Term – Buy. Short Term – Buy/Buy.
YM – Intermediate Term – Buy. Short Term – Neutral/Sell.
GC – Intermediate Term – Sell. Short Term – Neutral/Buy.
CL – Intermediate Term – Sell. Short Term – 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.
Related
26 May 2018 – Weekly Review – An Indecisive week
Indices (Weekly chart)
Dow Transportation closed at 10900.06 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 320.35. BuySellTimer is in its positive cycle. TSI is in its positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Dow Industrial closed at 24753.09 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 480.59. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Buy. Current – Neutral/Buy.
Russell 2000 closed at 1626.9278 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 23.2942. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. It is in a Squeeze. Market direction:- Intermediate – Buy, Current – Buy/Buy.
Nasdaq 100 closed at 6960.9188 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 135.58. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate term – Buy. Current – Buy/Buy.
S&P 500 closed at 2721.93 with a doji candle above its 8 EMA, 21 EMA and its 50 SMA. Weekly trading range was 34.86. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction. Intermediate term – Buy. Current – Neutral/Buy.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $67.50 per barrel with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 5.48. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1306.5 with a bullish candle below its 8 EMA and 21 EMA and on its 50 SMA. Weekly trading range was 26. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Neutral/Sell.
Agriculture (DBA) ETF closed at 19.36 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.47. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. It is in a weekly and monthly Squeeze. Market direction:- Intermediate Term – Buy. Short term – Buy/Buy.
Commodities (DBC) ETF closed at 17.69 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.35. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 143’03 with a bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 3.1562. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Neutral/Buy.
High Yield bond ETF (HYG) closed at 85.56 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.33. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Sell/Buy.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 94.253 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.007. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1649 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 0.0184. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Sell/Sell.
USD/JPY closed at 109.36 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 2.441. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Neutral/Buy.
6S (Swiss Franc) closed at 1.0127 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0112. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction:- Intermediate Term – 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 XLI, XLK, XLF and XLB respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLY, XLI and XLB respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping upwards showing nett gainers to losers. Market Volume is sloping upwards showing accumulation. Skew is at 140.78. Vix is at 13.22 and Vix futures 14.20.
The Week Ahead
The Dow Transportation and Russell 2000 is showing positive momentum and strength. The indices have been trading sideways and building up compressed energy. Vix and Vix futures are fairly normal. Market sentiment continues to be bullish. Market internals are showing strength. The prognosis is for a potential quick pullback in the coming week but the momentum is upwards.
Futures (Daily Chart):
ES – Intermediate Term – Buy. Current – Buy/Buy.
NQ – Intermediate Term – Buy. Short Term – Buy/Buy.
YM – Intermediate Term – Buy. Short Term – Neutral/Sell.
GC – Intermediate Term – Sell. Short Term – Neutral/Buy.
CL – Intermediate Term – Sell. Short Term – 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.
Share this:
Related