Indices (Weekly chart)
Dow Transportation closed at 10344.90 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 558.79. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Dow Industrial closed at 24271.41 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 571.81. 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.
Russell 2000 closed at 1643.0693 with a big bearish marubozu candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 54.7. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate – Buy, Current – Neutral/Buy.
Nasdaq 100 closed at 7040.8017 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 194.05. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate term – Buy. Current – Neutral/Buy.
S&P 500 closed at 2718.37 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 54.1. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. It is in a weekly Squeeze. Market direction. Intermediate term – Sell. Current – Sell/Sell.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $74.25 per barrel with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 6.74. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1254.2 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 27.5. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. It has exited its weekly Squeeze and is in its monthly Squeeze. Market direction:- Intermediate Term – Sell. Current – Sell/Sell. Strong Sell.
Agriculture (DBA) ETF gapped down and closed at 18.03 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.41. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. It has exited its weekly Squeeze but is still in a monthly Squeeze. Market direction:- Intermediate Term – Sell. Short term – Sell/Sell. Strong Sell.
Commodities (DBC) ETF closed at 17.68 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.595. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Buy. Current – Sell/Buy.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 144’28 with a small bullish marubozu candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Weekly trading range was 1.56. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.08 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.75. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Sell/Buy.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 94.520 with a bearish inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.0949. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1682 with a high closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0193. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Sell/Sell.
USD/JPY closed at 110.75 with bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.5739. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy. It is in a monthly Squeeze.
6S (Swiss Franc) closed at 1.0152 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0143. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative 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 XLU, XLP, XLE, XLY, XLB, XLV, XLK,XLI and XLF respectively.
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 than gainers. Market Volume is sloping downwards showing distribution. Skew is at 141.72. Vix is at 16.09 and Vix futures 16.07.
The Week Ahead
Market internals have been losing strength the whole week. Market breadth shows continuous losers to gainers. Market volumetric measure shows continuing distribution. Vix and Vix futures are above 16 and about the same. This is impying that the market is expecting continuing volatility. Skew has increased and is near the 142 threshold. The market is attracting short sellers. The prognosis is for the market to breakdown downwards in the coming week.
Futures (Daily Chart):
ES – Intermediate Term – Sell. Current – Sell/Sell. Strong Sell. Weekly Squeeze.
NQ – Intermediate Term – Buy. Short Term – Sell/Sell.
YM – Intermediate Term – Sell. Short Term – Neutral/Buy. Weekly Squeeze.
GC – Intermediate Term – Sell. Short Term – Sell/Sell.
CL – Intermediate Term – Buy. Short Term – Buy/Buy. Strong Buy.
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29 June 2018 – Weekly Review – Bearishness continues
Indices (Weekly chart)
Dow Transportation closed at 10344.90 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 558.79. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
Dow Industrial closed at 24271.41 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 571.81. 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.
Russell 2000 closed at 1643.0693 with a big bearish marubozu candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 54.7. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate – Buy, Current – Neutral/Buy.
Nasdaq 100 closed at 7040.8017 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 194.05. BuySellTimer is in its positive cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate term – Buy. Current – Neutral/Buy.
S&P 500 closed at 2718.37 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 54.1. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. It is in a weekly Squeeze. Market direction. Intermediate term – Sell. Current – Sell/Sell.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $74.25 per barrel with a big bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 6.74. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1254.2 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 27.5. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. It has exited its weekly Squeeze and is in its monthly Squeeze. Market direction:- Intermediate Term – Sell. Current – Sell/Sell. Strong Sell.
Agriculture (DBA) ETF gapped down and closed at 18.03 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.41. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. It has exited its weekly Squeeze but is still in a monthly Squeeze. Market direction:- Intermediate Term – Sell. Short term – Sell/Sell. Strong Sell.
Commodities (DBC) ETF closed at 17.68 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.595. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Buy. Current – Sell/Buy.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 144’28 with a small bullish marubozu candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Weekly trading range was 1.56. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction:- Intermediate Term – Sell. Current – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.08 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.75. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Sell/Buy.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 94.520 with a bearish inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.0949. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy.
EUR/USD closed at 1.1682 with a high closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0193. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Current – Sell/Sell.
USD/JPY closed at 110.75 with bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.5739. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy. Current – Buy/Buy. It is in a monthly Squeeze.
6S (Swiss Franc) closed at 1.0152 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0143. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative 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 XLU, XLP, XLE, XLY, XLB, XLV, XLK,XLI and XLF respectively.
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 than gainers. Market Volume is sloping downwards showing distribution. Skew is at 141.72. Vix is at 16.09 and Vix futures 16.07.
The Week Ahead
Market internals have been losing strength the whole week. Market breadth shows continuous losers to gainers. Market volumetric measure shows continuing distribution. Vix and Vix futures are above 16 and about the same. This is impying that the market is expecting continuing volatility. Skew has increased and is near the 142 threshold. The market is attracting short sellers. The prognosis is for the market to breakdown downwards in the coming week.
Futures (Daily Chart):
ES – Intermediate Term – Sell. Current – Sell/Sell. Strong Sell. Weekly Squeeze.
NQ – Intermediate Term – Buy. Short Term – Sell/Sell.
YM – Intermediate Term – Sell. Short Term – Neutral/Buy. Weekly Squeeze.
GC – Intermediate Term – Sell. Short Term – Sell/Sell.
CL – Intermediate Term – Buy. Short Term – Buy/Buy. Strong Buy.
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.
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