Dow Transportation closed at 9428.20 with a bearish marubozu candle below its 21 EMA. Next target is 50 SMA. Daily trading range was 56.84. Momentum is downwards. Volumetric buying pressure is at 0%. BuySellTimer is in a negative cycle.
Dow Industrial closed at 21513.17 with a bearish candle above its 21 EMA. Daily trading range was 81.6499. Momentum is sideways. Volumetric buying pressure is at 84.8%. BuySellTimer is in negative cycle.
Russell 2000 closed at 1438.0546 with a bullish hammer candle above its moving averages. Daily trading range was 7.2519. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle. The index is in a Squeeze.
Nasdaq 100 touched new all-time high at 5950.58 and closed at 5941.37 with a bullish candle above its moving averages. Daily trading range was 37.8324. Momentum is upwards. Volumetric buying pressure is at 98.2%. BuySellTimer is in a positive cycle.
S&P 500 closed at 2469.91 with a bearish candle above its moving averages. Daily trading range was 6.7799. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.
Metals and Commodities
WTI Crude oil futures closed at $46.48 with a bullish candle above its 21 EMA but below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.
Gold futures closed at $1255.3 with a doji candle above its 21 EMA. Momentum is upwards. BuySellTimer is in a positive cycle.
Agriculture (DBA) ETF gapped down and closed at 19.86 with a bearish candle below its 21 EMA and 200 SMA but above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle.
Commodities (DBC) ETF closed at 14.48 with a small candle above its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.
Bonds
Bond futures (ZB) closed with a bearish candle above its 21 EMA, 50 SMA and 200 SMA. It is trading at 154’05. Momentum is upwards. BuySellTimer is in a positive cycle.
High Yield bond ETF (HYG) closed at 88.80 with a bullish candle above its moving averages. Momentum is upwards. BuySellTimer is in a positive cycle.
Currencies
$DXY closed with a bullish candle below its 21 EMA and 50 SMA. It is trading at 94.073. Momentum is downward.
EUR/USD closed with a bearish candle above its moving averages. It is trading at 1.1632. Momentum is upward.
USD/JPY closed with a bullish candle below its moving averages. Momentum is downwards. It is trading at 111.29.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLB, XLU and XLV respectively.
On a 3-month 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 9.43. Vix futures is at 11.30. Skew is at 132.67. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping downward.
The Week Ahead
Vix and Vix futures continue to be low signaling the lack of fear in the market. SKEW is not elevated. There is sign of distribution so some caution need to be exercised. Dow Transportation has been trending down. The prognosis is for caution but the market still has a bullish bias.
Penny Stocks Breaking Upwards!
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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24 July 2017 – Is the market poised to pullback?
Dow Transportation closed at 9428.20 with a bearish marubozu candle below its 21 EMA. Next target is 50 SMA. Daily trading range was 56.84. Momentum is downwards. Volumetric buying pressure is at 0%. BuySellTimer is in a negative cycle.
Dow Industrial closed at 21513.17 with a bearish candle above its 21 EMA. Daily trading range was 81.6499. Momentum is sideways. Volumetric buying pressure is at 84.8%. BuySellTimer is in negative cycle.
Russell 2000 closed at 1438.0546 with a bullish hammer candle above its moving averages. Daily trading range was 7.2519. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle. The index is in a Squeeze.
Nasdaq 100 touched new all-time high at 5950.58 and closed at 5941.37 with a bullish candle above its moving averages. Daily trading range was 37.8324. Momentum is upwards. Volumetric buying pressure is at 98.2%. BuySellTimer is in a positive cycle.
S&P 500 closed at 2469.91 with a bearish candle above its moving averages. Daily trading range was 6.7799. Momentum is upwards. Volumetric buying pressure is at 100%. BuySellTimer is in a positive cycle.
Metals and Commodities
WTI Crude oil futures closed at $46.48 with a bullish candle above its 21 EMA but below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.
Gold futures closed at $1255.3 with a doji candle above its 21 EMA. Momentum is upwards. BuySellTimer is in a positive cycle.
Agriculture (DBA) ETF gapped down and closed at 19.86 with a bearish candle below its 21 EMA and 200 SMA but above its 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle.
Commodities (DBC) ETF closed at 14.48 with a small candle above its 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle.
Bonds
Bond futures (ZB) closed with a bearish candle above its 21 EMA, 50 SMA and 200 SMA. It is trading at 154’05. Momentum is upwards. BuySellTimer is in a positive cycle.
High Yield bond ETF (HYG) closed at 88.80 with a bullish candle above its moving averages. Momentum is upwards. BuySellTimer is in a positive cycle.
Currencies
$DXY closed with a bullish candle below its 21 EMA and 50 SMA. It is trading at 94.073. Momentum is downward.
EUR/USD closed with a bearish candle above its moving averages. It is trading at 1.1632. Momentum is upward.
USD/JPY closed with a bullish candle below its moving averages. Momentum is downwards. It is trading at 111.29.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLB, XLU and XLV respectively.
On a 3-month 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 9.43. Vix futures is at 11.30. Skew is at 132.67. Market sentiment is bullish. Market breadth is sloping upward. Volumetric accumulation/distribution is sloping downward.
The Week Ahead
Vix and Vix futures continue to be low signaling the lack of fear in the market. SKEW is not elevated. There is sign of distribution so some caution need to be exercised. Dow Transportation has been trending down. The prognosis is for caution but the market still has a bullish bias.
Penny Stocks Breaking Upwards!
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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