Indices
Dow Transportation closed at 10872.93 with a doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 127.11. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell. It is in a daily and weekly Squeeze.
Dow Industrial closed at 24657.80 with a bearish engulfing candle below its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 176.37. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. It is in a weekly Squeeze.
Russell 2000 closed at 1706.9855 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.0597. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. There is a negative divergence.
Nasdaq 100 gapped up and closed at 7280.7047 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 53.12. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Negative divergence.
S&P 500 gapped up and closed at 2767.32 with a small doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 21.86. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Buy. Current – Sell/Sell. It is in a weekly Squeeze. Strong Sell signal.
Metals and Commodities
WTI Crude oil futures (CL) closed at $65.34 per barrel with an inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.51. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Positive divergence.
Gold futures (GC) closed at 1270 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell signal. Weekly Squeeze.
Agriculture (DBA) ETF closed at 18.18 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.16. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
Commodities (DBC) ETF closed at 17.22 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.19. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
Bonds
Bond futures (/ZB) closed at 143’07 with a bearish marubozu candle on its 8 EMA, 21 EMA and 50 EMA. Daily trading range was 1.1562. BuySellTimer is in its positive cycle. TSI is flat. Market direction: Intermediate – Buy. Current – Sell/Buy. It is in a daily and weekly Squeeze.
High Yield bond ETF (HYG) closed at 86.08 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. It is in a weekly Squeeze.
Currencies
The dollar index ($DXY) closed at 95.124 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.382. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Strong Buy.
EUR/USD closed at 1.1570 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0062. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
USD/JPY closed at 110.34 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.596. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.0115 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0046. BuySellTimer is in a negative cycle. TSI is in a negative cycle and flat. Market direction: Intermediate – Buy. Current – Neutral/Sell.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLY, XLV, XLK, XLU and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLY and XLK respectively.
Market Internals
Market sentiment is bullish. Market breadth is flat. Accumulation/ Distribution is sloping downward showing distribution. Skew is at 140.82. Vix is at 12.79 and Vix futures is at 13.85.
The Week Ahead
Market internals are not showing strength. Market breadth has flattened. Volume accumulation/distribution is showing distribution. Skew is normal. Vix remains and Vix futures remain low. The market is rather vulnerable to news especially on trade disputes. The prognosis is to expect a volatile market.
Futures Summary(daily chart):
ES – Intermediate Buy. Short term Sell/Sell. Weekly Squeeze.
NQ – Intermediate Buy. Short term Buy/Buy. Negative divergence. Strong Buy.
YM – Intermediate Sell. Short term Sell/Sell. Weekly Squeeze. Strong Sell.
GC – Intermediate Sell. Short term Sell/Sell. Exited daily. Weekly Squeeze. Strong Sell.
CL – Intermediate Sell. Short term Neutral/Buy. Positive divergence.
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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20 June 2018 – Indices reverses upwards, all is fine!
Indices
Dow Transportation closed at 10872.93 with a doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 127.11. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell. It is in a daily and weekly Squeeze.
Dow Industrial closed at 24657.80 with a bearish engulfing candle below its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 176.37. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. It is in a weekly Squeeze.
Russell 2000 closed at 1706.9855 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.0597. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. There is a negative divergence.
Nasdaq 100 gapped up and closed at 7280.7047 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 53.12. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Negative divergence.
S&P 500 gapped up and closed at 2767.32 with a small doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 21.86. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Buy. Current – Sell/Sell. It is in a weekly Squeeze. Strong Sell signal.
Metals and Commodities
WTI Crude oil futures (CL) closed at $65.34 per barrel with an inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.51. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Positive divergence.
Gold futures (GC) closed at 1270 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell signal. Weekly Squeeze.
Agriculture (DBA) ETF closed at 18.18 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.16. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
Commodities (DBC) ETF closed at 17.22 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.19. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
Bonds
Bond futures (/ZB) closed at 143’07 with a bearish marubozu candle on its 8 EMA, 21 EMA and 50 EMA. Daily trading range was 1.1562. BuySellTimer is in its positive cycle. TSI is flat. Market direction: Intermediate – Buy. Current – Sell/Buy. It is in a daily and weekly Squeeze.
High Yield bond ETF (HYG) closed at 86.08 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. It is in a weekly Squeeze.
Currencies
The dollar index ($DXY) closed at 95.124 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.382. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Strong Buy.
EUR/USD closed at 1.1570 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0062. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
USD/JPY closed at 110.34 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.596. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.0115 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0046. BuySellTimer is in a negative cycle. TSI is in a negative cycle and flat. Market direction: Intermediate – Buy. Current – Neutral/Sell.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLY, XLV, XLK, XLU and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLY and XLK respectively.
Market Internals
Market sentiment is bullish. Market breadth is flat. Accumulation/ Distribution is sloping downward showing distribution. Skew is at 140.82. Vix is at 12.79 and Vix futures is at 13.85.
The Week Ahead
Market internals are not showing strength. Market breadth has flattened. Volume accumulation/distribution is showing distribution. Skew is normal. Vix remains and Vix futures remain low. The market is rather vulnerable to news especially on trade disputes. The prognosis is to expect a volatile market.
Futures Summary(daily chart):
ES – Intermediate Buy. Short term Sell/Sell. Weekly Squeeze.
NQ – Intermediate Buy. Short term Buy/Buy. Negative divergence. Strong Buy.
YM – Intermediate Sell. Short term Sell/Sell. Weekly Squeeze. Strong Sell.
GC – Intermediate Sell. Short term Sell/Sell. Exited daily. Weekly Squeeze. Strong Sell.
CL – Intermediate Sell. Short term Neutral/Buy. Positive divergence.
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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