Dow Transportation gapped down to its 50 SMA and closed at 9171.39 with a doji candle above its 50 SMA. Daily trading range was 140.519. Momentum is neutral. Volumetric buying pressure is at 95.7%. BuySellTimer is in negative cycle.
Dow Industrial closed at 19890.94 with a small spinning top doji candle below its 21 EMA. Daily trading range was 121.739. Momentum is neutral. Volumetric buying pressure is at 92%. BuySellTimer has crossed into a positive cycle.
Russell 2000 closed at 1356.30 with a low closing doji candle on its 50 SMA and 21 EMA. Daily trading range was 16.696. Momentum is downward. Volumetric buying pressure is at 63.5%. BuySellTimer is in its positive cycle. The index is in a daily Squeeze.
Nasdaq 100 gapped up and closed at 5152.6871 with a high closing spinning top doji candle above its moving averages. Daily trading range was 33.561. Momentum is upward. Volumetric buying pressure is at 99.9%. BuySellTimer is in a positive cycle.
S&P 500 closed at 2279.55 with a ‘rolling pin’ candle above its 21 EMA. Daily trading range was 16.699. Momentum is neutral. Volumetric buying pressure is at 94.7%. BuySellTimer is in a negative cycle.
Metals and Commodities
WTI Crude oil futures closed with a bullish candle above its 21 EMA. Momentum is upward. It is trading at $53.59 per barrel. BuySellTimer is in positive cycle. It is in a Squeeze.
Gold futures closed with a high closing doji candle above its moving averages. It is trading at $1214.3 per ounce. Momentum is neutral. BuySellTimer is in positive cycle.
Silver futures closed with a doji candle above its moving averages. It is trading at $17.585 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.
Agriculture (DBA) ETF gapped up and closed at 20.60 with a big marubozu candle above its moving averages. Momentum is neutral. BuySellTimer is in a negative cycle.
Commodities (DBC) ETF gapped up and closed at 15.92 with a bullish candle above its 21 EMA. Momentum is upward. BuySellTimer is in a positive cycle.
Bonds
Bond futures (ZB) closed with a high closing doji candle on its downsloping 50 SMA and 21 EMA. It is trading at 150’15. Momentum is downward. BuySellTimer is in a negative cycle.
High Yield bond ETF (HYG) gapped down and closed at 87.28 with a high closing spinning top doji candle above its 21 EMA. Momentum is upward. BuySellTimer is in a negative cycle.
Currencies
Dollar Index (DX) closed with a low closing doji candle below its moving averages. It is trading at 99.555. Momentum is dowward. BuySellTimer is in a negative cycle.
EUR/USD closed with a bearish candle above its moving averages. It is trading at 1.0783. Momentum is upward.
USD/JPY closed with a bullish spinning top doji candle below its 21 EMA and 50 SMA. Momentum is downward. It is trading at 113.05.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLY, XLV and XLF respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLB, XLI and XLY respectively.
Market Internals
Vix closed at 11.81. Vix futures is at 12.85. Skew is at 133.97. Market sentiment is bullish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping downward.
The Week Ahead
The market is undecided and the market internals are showing some distribution. It is earnings season and the market can be expected to be volatile. The prognosis is for a continuing volatile market.
Stock of the Day
The Stock of the Day is GPRO. GoPro, Inc produces mountable and wearable cameras and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website.
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.
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1 February 2017 – Selling goes on, Indecision
Dow Transportation gapped down to its 50 SMA and closed at 9171.39 with a doji candle above its 50 SMA. Daily trading range was 140.519. Momentum is neutral. Volumetric buying pressure is at 95.7%. BuySellTimer is in negative cycle.
Dow Industrial closed at 19890.94 with a small spinning top doji candle below its 21 EMA. Daily trading range was 121.739. Momentum is neutral. Volumetric buying pressure is at 92%. BuySellTimer has crossed into a positive cycle.
Russell 2000 closed at 1356.30 with a low closing doji candle on its 50 SMA and 21 EMA. Daily trading range was 16.696. Momentum is downward. Volumetric buying pressure is at 63.5%. BuySellTimer is in its positive cycle. The index is in a daily Squeeze.
Nasdaq 100 gapped up and closed at 5152.6871 with a high closing spinning top doji candle above its moving averages. Daily trading range was 33.561. Momentum is upward. Volumetric buying pressure is at 99.9%. BuySellTimer is in a positive cycle.
S&P 500 closed at 2279.55 with a ‘rolling pin’ candle above its 21 EMA. Daily trading range was 16.699. Momentum is neutral. Volumetric buying pressure is at 94.7%. BuySellTimer is in a negative cycle.
Metals and Commodities
WTI Crude oil futures closed with a bullish candle above its 21 EMA. Momentum is upward. It is trading at $53.59 per barrel. BuySellTimer is in positive cycle. It is in a Squeeze.
Gold futures closed with a high closing doji candle above its moving averages. It is trading at $1214.3 per ounce. Momentum is neutral. BuySellTimer is in positive cycle.
Silver futures closed with a doji candle above its moving averages. It is trading at $17.585 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.
Agriculture (DBA) ETF gapped up and closed at 20.60 with a big marubozu candle above its moving averages. Momentum is neutral. BuySellTimer is in a negative cycle.
Commodities (DBC) ETF gapped up and closed at 15.92 with a bullish candle above its 21 EMA. Momentum is upward. BuySellTimer is in a positive cycle.
Bonds
Bond futures (ZB) closed with a high closing doji candle on its downsloping 50 SMA and 21 EMA. It is trading at 150’15. Momentum is downward. BuySellTimer is in a negative cycle.
High Yield bond ETF (HYG) gapped down and closed at 87.28 with a high closing spinning top doji candle above its 21 EMA. Momentum is upward. BuySellTimer is in a negative cycle.
Currencies
Dollar Index (DX) closed with a low closing doji candle below its moving averages. It is trading at 99.555. Momentum is dowward. BuySellTimer is in a negative cycle.
EUR/USD closed with a bearish candle above its moving averages. It is trading at 1.0783. Momentum is upward.
USD/JPY closed with a bullish spinning top doji candle below its 21 EMA and 50 SMA. Momentum is downward. It is trading at 113.05.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLY, XLV and XLF respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLB, XLI and XLY respectively.
Market Internals
Vix closed at 11.81. Vix futures is at 12.85. Skew is at 133.97. Market sentiment is bullish. Market breadth is sloping downward. Volumetric accumulation/distribution is sloping downward.
The Week Ahead
The market is undecided and the market internals are showing some distribution. It is earnings season and the market can be expected to be volatile. The prognosis is for a continuing volatile market.
Stock of the Day
The Stock of the Day is GPRO. GoPro, Inc produces mountable and wearable cameras and accessories. The Company’s products are sold globally through retailers, wholesale distributors and on its Website.
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.
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