Indices (Weekly chart)
Dow Transportation pulled back and closed at 9471.27 with a bearish candle above its 21 EMA. Weekly trading range was 317.43. Weekly momentum is upwards. BuySellTimer is in its positive cycle.
Dow Industrial closed at 21580.07 with a small bearish candle above its moving averages. Weekly trading range was 190.77. Weekly momentum is upwards. BuySellTimer is in positive cycle.
Russell 2000 closed at 1435.8388 with a bullish candle above its moving averages. Weekly trading range was 29.5553. Momentum is upwards. BuySellTimer is in positive cycle. It is in a Squeeze.
Nasdaq 100 closed at 5921.5248 with a bullish candle above its 21 EMA. Weekly trading range was 114.4102. Momentum is upwards. BuySellTimer is in its positive cycle.
S&P 500 closed at 2472.54 with a bullish candle above its moving averages. Weekly trading range was 27.2799. Momentum is upwards. BuySellTimer is in its positive cycle.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $45.60 per barrel with a bearish candle below its 21 EMA. Weekly trading range was $2.2. Momentum is bearish. BuySellTimer is in a negative cycle.
Gold futures (GC) closed at 1255.0 with a bullish marubozu candle above its 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 28.4. Momentum is neutral. BuySellTimer is in a negative cycle.
Agriculture (DBA) ETF closed at 20.13 with a bullish candle above its 21 EMA. Weekly trading range was 0.375. Momentum is upwards. BuySellTimer is in positive cycle.
Commodities (DBC) ETF closed at 14.45 with a small candle below its 21 EMA and 50 SMA. Weekly trading range was 0.346. Momentum is neutral. BuySellTimer is in its negative cycle.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’20 with a bullish candle above its 21 EMA but below its 50 SMA. Weekly trading range was 2.5937. Momentum is upwards. BuySellTimer is in its positive cycle.
High Yield bond ETF (HYG) closed at 88.73 with a bullish candle above its 21 EMA and 200 SMA. Weekly trading range was 0.3799. Momentum is upwards. BuySellTimer is in positive cycle.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 93.974 with a bearish marubozu candle below its 21 EMA. Weekly trading range is 1.4939. Momentum is downward.
EUR/USD closed at 1.1661 with a big bullish candle above its 50 SMA and 21 EMA. Weekly trading range was 0.0248. Momentum is upward.
USD/JPY closed at 111.07 with a bearish candle below its 21 EMA. Weekly trading range was 1.8569. Weekly momentum is neutral.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLU, XLB, XLY and XLV respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLF, XLB, XLK and XLI respectively.
Market Internals
Vix closed at 9.36. Vix futures is at 11.375. Skew is at 134.53. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.
The Week Ahead
Vix and Vix futures continue to be low. SKEW is not signalling any danger. Market internals show strength. The prognosis is for the market to continue trending upwards.
Penny Stocks of the Day
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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21 July 2017 – Weekly review – A divergent market
Indices (Weekly chart)
Dow Transportation pulled back and closed at 9471.27 with a bearish candle above its 21 EMA. Weekly trading range was 317.43. Weekly momentum is upwards. BuySellTimer is in its positive cycle.
Dow Industrial closed at 21580.07 with a small bearish candle above its moving averages. Weekly trading range was 190.77. Weekly momentum is upwards. BuySellTimer is in positive cycle.
Russell 2000 closed at 1435.8388 with a bullish candle above its moving averages. Weekly trading range was 29.5553. Momentum is upwards. BuySellTimer is in positive cycle. It is in a Squeeze.
Nasdaq 100 closed at 5921.5248 with a bullish candle above its 21 EMA. Weekly trading range was 114.4102. Momentum is upwards. BuySellTimer is in its positive cycle.
S&P 500 closed at 2472.54 with a bullish candle above its moving averages. Weekly trading range was 27.2799. Momentum is upwards. BuySellTimer is in its positive cycle.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $45.60 per barrel with a bearish candle below its 21 EMA. Weekly trading range was $2.2. Momentum is bearish. BuySellTimer is in a negative cycle.
Gold futures (GC) closed at 1255.0 with a bullish marubozu candle above its 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 28.4. Momentum is neutral. BuySellTimer is in a negative cycle.
Agriculture (DBA) ETF closed at 20.13 with a bullish candle above its 21 EMA. Weekly trading range was 0.375. Momentum is upwards. BuySellTimer is in positive cycle.
Commodities (DBC) ETF closed at 14.45 with a small candle below its 21 EMA and 50 SMA. Weekly trading range was 0.346. Momentum is neutral. BuySellTimer is in its negative cycle.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’20 with a bullish candle above its 21 EMA but below its 50 SMA. Weekly trading range was 2.5937. Momentum is upwards. BuySellTimer is in its positive cycle.
High Yield bond ETF (HYG) closed at 88.73 with a bullish candle above its 21 EMA and 200 SMA. Weekly trading range was 0.3799. Momentum is upwards. BuySellTimer is in positive cycle.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 93.974 with a bearish marubozu candle below its 21 EMA. Weekly trading range is 1.4939. Momentum is downward.
EUR/USD closed at 1.1661 with a big bullish candle above its 50 SMA and 21 EMA. Weekly trading range was 0.0248. Momentum is upward.
USD/JPY closed at 111.07 with a bearish candle below its 21 EMA. Weekly trading range was 1.8569. Weekly momentum is neutral.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLU, XLB, XLY and XLV respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLF, XLB, XLK and XLI respectively.
Market Internals
Vix closed at 9.36. Vix futures is at 11.375. Skew is at 134.53. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping upward.
The Week Ahead
Vix and Vix futures continue to be low. SKEW is not signalling any danger. Market internals show strength. The prognosis is for the market to continue trending upwards.
Penny Stocks of the Day
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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