Dow Transportation closed at 9096.83 with a bullish marubozu candle below its 21 EMA. Daily trading range was 209.3299. Momentum is downward. Volumetric buying pressure is at 39%. BuySellTimer is in a negative cycle.
Dow Industrial closed at 20701.50 with a bullish marubozu candle below its 21 EMA. Daily trading range was 215.51. Momentum is downward. Volumetric buying pressure is at 37.6%. BuySellTimer is in negative cycle.
Russell 2000 closed at 1367.2609 with a bullish marubozu candle below its 21 EMA. Daily trading range was 15.412. Momentum is downward. Volumetric buying pressure is at 100%. BuySellTimer is in a negative cycle.
Nasdaq 100 closed at 5407.2084 with a bullish marubozu candle above its 21 EMA. Daily trading range was 58.9593. Momentum is neutral. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.
S&P 500 closed at 2358.57 with a bullish candle on its 21 EMA. Daily trading range was 26.15. Momentum is neutral. Volumetric buying pressure is at 51.8%. BuySellTimer is in a negative cycle.
Metals and Commodities
WTI Crude oil futures closed with a bullish candle below its 200 SMA. Momentum is downward. It is trading at $48.44 per barrel. BuySellTimer is in a negative cycle.
Gold futures closed with a bullish candle above its moving averages. It is trading at $1254.7 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.
Silver futures closed with a bullish candle above its moving averages. It is trading at $18.175 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.
Agriculture (DBA) ETF closed at 19.83 with a bearish candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.
Commodities (DBC) ETF closed at 14.98 with an inverted hammer candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.
Bonds
Bond futures (ZB) closed with a bearish marubozu candle above its 21 EMA. It is trading at 150’18. Momentum is upward. BuySellTimer is in a positive cycle.
High Yield bond ETF (HYG) closed at 87.22 with a big bullish candle above its 21 EMA but below its 50 SMA. Momentum is downward. BuySellTimer is in a positive cycle.
Currencies
$DXY closed with a bullish candle below its moving averages. It is trading at 99.676. Momentum is downward.
EUR/USD closed with a bearish candle above its moving averages. It is trading at 1.0816. Momentum is upward.
USD/JPY closed with a bullish candle below its moving averages. Momentum is downward. It is trading at 111.05.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLV, XLB, XLU, XLI, XLE, XLK and XLY respectively.
On a monthly lookback, the relative strength order of the ETFs that are under-performing the S&P 500 are XLF, XLE, XLI and XLV respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLV, XLF, XLU, XLY, XLP and XLB respectively.
Market Internals
Vix closed at 11.53. Vix futures is at 12.90. Skew is at 134.43. Market sentiment is bullish. Market breadth has flattened. Volumetric accumulation/distribution is sloping upward.
The Week Ahead
This is a market that has plenty of liquidity and every dip has been taken as a buying opportunity. The prognosis is for caution. Nasdaq 100 is in a volatility Squeeze and looks like it wants to go upward. The prognosis is for a volatile market.
Stock of the Day
The Stock of the Day is PLUG. Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market.
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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28 March 2017 – Market reverses upward
Dow Transportation closed at 9096.83 with a bullish marubozu candle below its 21 EMA. Daily trading range was 209.3299. Momentum is downward. Volumetric buying pressure is at 39%. BuySellTimer is in a negative cycle.
Dow Industrial closed at 20701.50 with a bullish marubozu candle below its 21 EMA. Daily trading range was 215.51. Momentum is downward. Volumetric buying pressure is at 37.6%. BuySellTimer is in negative cycle.
Russell 2000 closed at 1367.2609 with a bullish marubozu candle below its 21 EMA. Daily trading range was 15.412. Momentum is downward. Volumetric buying pressure is at 100%. BuySellTimer is in a negative cycle.
Nasdaq 100 closed at 5407.2084 with a bullish marubozu candle above its 21 EMA. Daily trading range was 58.9593. Momentum is neutral. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.
S&P 500 closed at 2358.57 with a bullish candle on its 21 EMA. Daily trading range was 26.15. Momentum is neutral. Volumetric buying pressure is at 51.8%. BuySellTimer is in a negative cycle.
Metals and Commodities
WTI Crude oil futures closed with a bullish candle below its 200 SMA. Momentum is downward. It is trading at $48.44 per barrel. BuySellTimer is in a negative cycle.
Gold futures closed with a bullish candle above its moving averages. It is trading at $1254.7 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.
Silver futures closed with a bullish candle above its moving averages. It is trading at $18.175 per ounce. Momentum is upward. BuySellTimer is in a positive cycle.
Agriculture (DBA) ETF closed at 19.83 with a bearish candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.
Commodities (DBC) ETF closed at 14.98 with an inverted hammer candle below its moving averages. Momentum is downward. BuySellTimer is in a negative cycle.
Bonds
Bond futures (ZB) closed with a bearish marubozu candle above its 21 EMA. It is trading at 150’18. Momentum is upward. BuySellTimer is in a positive cycle.
High Yield bond ETF (HYG) closed at 87.22 with a big bullish candle above its 21 EMA but below its 50 SMA. Momentum is downward. BuySellTimer is in a positive cycle.
Currencies
$DXY closed with a bullish candle below its moving averages. It is trading at 99.676. Momentum is downward.
EUR/USD closed with a bearish candle above its moving averages. It is trading at 1.0816. Momentum is upward.
USD/JPY closed with a bullish candle below its moving averages. Momentum is downward. It is trading at 111.05.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLV, XLB, XLU, XLI, XLE, XLK and XLY respectively.
On a monthly lookback, the relative strength order of the ETFs that are under-performing the S&P 500 are XLF, XLE, XLI and XLV respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLV, XLF, XLU, XLY, XLP and XLB respectively.
Market Internals
Vix closed at 11.53. Vix futures is at 12.90. Skew is at 134.43. Market sentiment is bullish. Market breadth has flattened. Volumetric accumulation/distribution is sloping upward.
The Week Ahead
This is a market that has plenty of liquidity and every dip has been taken as a buying opportunity. The prognosis is for caution. Nasdaq 100 is in a volatility Squeeze and looks like it wants to go upward. The prognosis is for a volatile market.
Stock of the Day
The Stock of the Day is PLUG. Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market.
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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