Indices Dow Transportation closed at 10627.49 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 84.6. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 25954.44 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 141.43. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1581.6607 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 9.38. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 7062.34 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 68.785. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500 closed at 2784.70 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 15.82. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Metals and Commodities WTI Crude oil futures (CL) closed at $57.24 per barrel with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 1.83. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Gold futures (GC) closed at 1341.2 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 10. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Commodities (DBC) ETF closed at 16.0 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.1721. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Bonds Bond futures (/ZB) closed at 146’21 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.8125. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.
High Yield bond ETF (HYG) closed at 85.50 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.22. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Currency The dollar index ($DXY) closed at 96.511 with a spinning top doji candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.362. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
EUR/USD closed at 1.1335 with a low closing doji candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0046. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. It is in a weekly Squeeze.
USD/JPY closed at 110.83 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.424. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: 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 and XLE.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLE, XLK, XLF and XLY respectively.
Market Internals Market Sentiment is bullish. Market Breadth is sloping upwards showing more gainers to losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 123.39. Vix is at 14.02 and Vix Futures is at 15.47.
The Week Ahead Oil is now surging upwards and gold is now trending sideways. Market internals are still showing strength. The trend in the indices are still upwards. Skew is normal. Vix has dropped below 15 and Vix futures has dropped below 16. The prognosis is for continued strength.
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.
20 Feb 2019 – Oil on the move
Indices
Dow Transportation closed at 10627.49 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 84.6. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 25954.44 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 141.43. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1581.6607 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 9.38. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 7062.34 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 68.785. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500 closed at 2784.70 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 15.82. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $57.24 per barrel with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 1.83. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Gold futures (GC) closed at 1341.2 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 10. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Commodities (DBC) ETF closed at 16.0 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.1721. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Bonds
Bond futures (/ZB) closed at 146’21 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.8125. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.
High Yield bond ETF (HYG) closed at 85.50 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.22. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Currency
The dollar index ($DXY) closed at 96.511 with a spinning top doji candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.362. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
EUR/USD closed at 1.1335 with a low closing doji candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0046. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. It is in a weekly Squeeze.
USD/JPY closed at 110.83 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.424. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: 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 and XLE.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLE, XLK, XLF and XLY respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping upwards showing more gainers to losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 123.39. Vix is at 14.02 and Vix Futures is at 15.47.
The Week Ahead
Oil is now surging upwards and gold is now trending sideways. Market internals are still showing strength. The trend in the indices are still upwards. Skew is normal. Vix has dropped below 15 and Vix futures has dropped below 16. The prognosis is for continued strength.
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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