Indices
Dow Transportation closed at 10918.72 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 195.84. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy. Negative divergence signal.
Dow Industrial gapped up and closed at 24667.78 with a bullish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 255.39. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Neutral/Sell. Negative divergence signal.
Russell 2000 closed at 1647.99 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 27.08. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Negative divergence signal.
Nasdaq 100 closed at 6976.3668 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 49.61. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Negative signal divergence.
S&P 500 closed at 2724.01 with a reverse trend kicker candle pattern above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 26.91. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Buy. Current – Sell/Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $68.23 per barrel with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.75. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Gold futures (GC) closed at 1305.7 with a spinning top doji candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Daily trading range was 8.8. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.
Agriculture (DBA) ETF closed at 19.23 with a bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Commodities (DBC) ETF gapped up and closed at 18.08 with a bullish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.18. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Neutral/Sell.
Bonds
Bond futures (/ZB) closed at 144’11 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.19. BuySellTimer is in its positive cycle. TSI is in its positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
High Yield bond ETF (HYG) gapped down and closed at 85.46 with a bullish trend kicker candle pattern below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.20. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Currencies
The dollar index ($DXY) closed at 94.067 with a big bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.927. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Negative divergence.
EUR/USD closed at 1.1661 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0156. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
USD/JPY closed at 108.89 with a spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.727. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
6S(Swiss Franc) – closed at 1.0126 with a spinning top doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.0057. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLK, XLE and XLV.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLY and XLI respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping upwards showing nett gainers to losers. Accumulation/ Distribution is sloping upwards showing accumulation. Skew is at 143.89. Vix is at 14.94 and Vix futures is at 15.20.
The Week Ahead
Skew is high and above 142 which usually means that this market is ripe for a quick pullback. Vix futures is higher than Vix which means the market is expecting near term volatility. Market internals are still strong. The prognosis is for the market to have a quick pullback.
Futures Summary(daily chart):
ES – Intermediate Buy. Short term Buy/Buy. Negative Divergence.
NQ – Intermediate Buy. Short term Buy/Buy. Weekly Squeeze. Negative Divergence.
YM – Intermediate Buy. Short term Neutral/Sell. Negative Divergence. Weekly Squeeze.
GC – Intermediate Sell. Short term Neutral/Buy. Weekly Squeeze.
CL – Intermediate Sell. Short term Sell/Sell.
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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30 May 2018 – Indices recovers, warning from Skew
Indices
Dow Transportation closed at 10918.72 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 195.84. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy. Negative divergence signal.
Dow Industrial gapped up and closed at 24667.78 with a bullish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 255.39. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Neutral/Sell. Negative divergence signal.
Russell 2000 closed at 1647.99 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 27.08. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Negative divergence signal.
Nasdaq 100 closed at 6976.3668 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 49.61. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Negative signal divergence.
S&P 500 closed at 2724.01 with a reverse trend kicker candle pattern above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 26.91. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Buy. Current – Sell/Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $68.23 per barrel with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.75. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Gold futures (GC) closed at 1305.7 with a spinning top doji candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Daily trading range was 8.8. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Neutral/Buy.
Agriculture (DBA) ETF closed at 19.23 with a bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Commodities (DBC) ETF gapped up and closed at 18.08 with a bullish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.18. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Neutral/Sell.
Bonds
Bond futures (/ZB) closed at 144’11 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.19. BuySellTimer is in its positive cycle. TSI is in its positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
High Yield bond ETF (HYG) gapped down and closed at 85.46 with a bullish trend kicker candle pattern below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.20. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Currencies
The dollar index ($DXY) closed at 94.067 with a big bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.927. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Negative divergence.
EUR/USD closed at 1.1661 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0156. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
USD/JPY closed at 108.89 with a spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.727. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
6S(Swiss Franc) – closed at 1.0126 with a spinning top doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.0057. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLK, XLE and XLV.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLY and XLI respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping upwards showing nett gainers to losers. Accumulation/ Distribution is sloping upwards showing accumulation. Skew is at 143.89. Vix is at 14.94 and Vix futures is at 15.20.
The Week Ahead
Skew is high and above 142 which usually means that this market is ripe for a quick pullback. Vix futures is higher than Vix which means the market is expecting near term volatility. Market internals are still strong. The prognosis is for the market to have a quick pullback.
Futures Summary(daily chart):
ES – Intermediate Buy. Short term Buy/Buy. Negative Divergence.
NQ – Intermediate Buy. Short term Buy/Buy. Weekly Squeeze. Negative Divergence.
YM – Intermediate Buy. Short term Neutral/Sell. Negative Divergence. Weekly Squeeze.
GC – Intermediate Sell. Short term Neutral/Buy. Weekly Squeeze.
CL – Intermediate Sell. Short term Sell/Sell.
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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