Indices
Dow Transportation closed at 10331.58 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 217.15. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell. Strong Sell. It is in a weekly Squeeze.
Dow Industrial closed at 24117.59 with a bearish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 453.20. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. It is in a weekly Squeeze. Strong Sell.
Russell 2000 closed at 1640.4542 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 31.04. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
Nasdaq 100 closed at 6969.6736 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 160.47. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
S&P 500 closed at 2699.63 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 17.31. 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 weekly Squeeze. Strong Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $72.3 per barrel with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.5. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate Term – Buy. Current – Buy/Buy. Strong Buy.
Gold futures (GC) closed at 1253.8 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.7. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
Agriculture (DBA) ETF closed at 17.89 with a bearish spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.167. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
Commodities (DBC) ETF gapped up and closed at 17.49 with a low closing doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.15. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 145’09 with a bullish candle above its 8 EMA, 21 EMA and 50 EMA. Daily trading range was 1.1875. BuySellTimer is in its positive cycle. TSI is positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Strong Buy signal. It has exited its daily Squeeze but is still in a weekly Squeeze.
High Yield bond ETF (HYG) closed at 85.52 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.24. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Sell/Sell. It is in a weekly Squeeze. Short term momentum is downwards.
Currencies
The dollar index ($DXY) closed at 94.667 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.891. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1553 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0131. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Buy.
USD/JPY closed at 110.25 with a spinning top doji candle on its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.805. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.0097 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0086. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope and almost flat.. Market direction: Intermediate – Buy. Current – Neutral/Sell. It is in a daily Squeeze.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLE, XLY, XLV, XLB and XLI.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLY, XLK, XLU and XLP respectively.
Market Internals
Market sentiment is bullish. Market breadth continues to slope downwards showing more losers to gainers. Accumulation/ Distribution is sloping downward showing distribution. Skew is at 131.30. Vix is at 17.91 and Vix futures is at 16.50.
The Week Ahead
Market internals continues to lose strength. Skew is normal. Vix continues higher and above Vix futures. Both are above 17 and 16 respectively. This means that the market is expecting more volatility. Skew is normal and market sentiment is still slighly bullish. The prospect of a Global Trade War continues. The prognosis is for continuing volatility and further pullback can be expected.
Futures Summary(daily chart):
ES – Intermediate Sell. Short term Sell/Sell. Weekly Squeeze. Strong sell.
NQ – Intermediate Sell. Short term Sell/Sell. Strong Sell.
YM – Intermediate Sell. Short term Sell/Sell. Weekly Squeeze. Strong Sell.
GC – Intermediate Sell. Short term Sell/Sell. Strong Sell.
CL – Intermediate Buy. Short term Buy/Buy. Strong Buy.
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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27 June 2018 – Pre-market volatility, better news on Trade policies
Indices
Dow Transportation closed at 10331.58 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 217.15. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Sell/Sell. Strong Sell. It is in a weekly Squeeze.
Dow Industrial closed at 24117.59 with a bearish inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 453.20. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. It is in a weekly Squeeze. Strong Sell.
Russell 2000 closed at 1640.4542 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 31.04. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
Nasdaq 100 closed at 6969.6736 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 160.47. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
S&P 500 closed at 2699.63 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 17.31. 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 weekly Squeeze. Strong Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $72.3 per barrel with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.5. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate Term – Buy. Current – Buy/Buy. Strong Buy.
Gold futures (GC) closed at 1253.8 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.7. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
Agriculture (DBA) ETF closed at 17.89 with a bearish spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.167. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell. Strong Sell.
Commodities (DBC) ETF gapped up and closed at 17.49 with a low closing doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.15. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 145’09 with a bullish candle above its 8 EMA, 21 EMA and 50 EMA. Daily trading range was 1.1875. BuySellTimer is in its positive cycle. TSI is positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy. Strong Buy signal. It has exited its daily Squeeze but is still in a weekly Squeeze.
High Yield bond ETF (HYG) closed at 85.52 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.24. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Sell/Sell. It is in a weekly Squeeze. Short term momentum is downwards.
Currencies
The dollar index ($DXY) closed at 94.667 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.891. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1553 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0131. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Buy.
USD/JPY closed at 110.25 with a spinning top doji candle on its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.805. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.0097 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0086. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope and almost flat.. Market direction: Intermediate – Buy. Current – Neutral/Sell. It is in a daily Squeeze.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLE, XLY, XLV, XLB and XLI.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLY, XLK, XLU and XLP respectively.
Market Internals
Market sentiment is bullish. Market breadth continues to slope downwards showing more losers to gainers. Accumulation/ Distribution is sloping downward showing distribution. Skew is at 131.30. Vix is at 17.91 and Vix futures is at 16.50.
The Week Ahead
Market internals continues to lose strength. Skew is normal. Vix continues higher and above Vix futures. Both are above 17 and 16 respectively. This means that the market is expecting more volatility. Skew is normal and market sentiment is still slighly bullish. The prospect of a Global Trade War continues. The prognosis is for continuing volatility and further pullback can be expected.
Futures Summary(daily chart):
ES – Intermediate Sell. Short term Sell/Sell. Weekly Squeeze. Strong sell.
NQ – Intermediate Sell. Short term Sell/Sell. Strong Sell.
YM – Intermediate Sell. Short term Sell/Sell. Weekly Squeeze. Strong Sell.
GC – Intermediate Sell. Short term Sell/Sell. Strong Sell.
CL – Intermediate Buy. Short term Buy/Buy. Strong Buy.
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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