Dow Transportation closed at 9514.64 with a bearish candle above its moving averages. Daily trading range was 54.23. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched all-time high at 22355.62 and closed at 22331.35 with a bullish candle above its moving averages. Daily trading range was 72.27. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 closed at 1441.0825 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 12.5213. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 touched all-time high at 6012.95 and closed at 5981.1179 with a bearish candle above its moving averages. Daily trading range was 49.79. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
S&P 500 touched all-time high at 2508.32 and closed at 2503.87 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.4. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $50.36 with a doji candle above its 8 EMA, 21 EMA and 50 SMA in a new contract month. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Gold futures closed at $1311 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Agriculture ETF (DBA) closed at 18.95 with a bearish candle in a bearish haramai candle pattern above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive slope. TSI is in negative cycle and positive slope.
Commodities ETF (DBC) closed at 15.32 with a doji candle above its moving averages. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and slopes upwards.
Bonds
Bond futures (ZB) closed at 154’19 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.37 with a doji candle above its 8 EMA, 21 EMA and above its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Currencies
$DXY closed at 92.023 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in negative cycle and positive slope.
EUR/USD closed at 1.1952 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.
USD/JPY gapped up and closed at 111.55 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.
6S (Swiss Franc futures) closed at 1.0455 with a bearish candle above its moving averages. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in a positive cycle and positive slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLV, XLB, XLF, XLI and XLK respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLV, XLU, XLB, XLF and XLI respectively.
Market Internals
Vix closed at 10.15. Vix futures is at 10.75. Skew is at 143.65. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to show strength. SKEW is above 142 which is elevated. The indices continue to reach new all-time high. The prognosis is that the market is rather bullish but there is a high probability of a pullback as many market players are shorting the indices.
Buy Penny Stocks!
APPS, ATHX, BLDP, CATB, CDNA, DMTX, ENPH, FENG, GFI, GRPN, KGC, KONA, LACDF, LYG, MNKD, MRNS, MVIS, NAK, NGD, PACB, PDLI, QUIK, SAND, SB, SENS, SFUN, SID, TGB, TRMR, TRXC, VCEL, WPRT, XNET, XXII and ZAIS.
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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18 September 2017 – New highs in Dow Industrial and S&P 500
Dow Transportation closed at 9514.64 with a bearish candle above its moving averages. Daily trading range was 54.23. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial touched all-time high at 22355.62 and closed at 22331.35 with a bullish candle above its moving averages. Daily trading range was 72.27. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 closed at 1441.0825 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 12.5213. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 touched all-time high at 6012.95 and closed at 5981.1179 with a bearish candle above its moving averages. Daily trading range was 49.79. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
S&P 500 touched all-time high at 2508.32 and closed at 2503.87 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.4. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Metals and Commodities
WTI Crude oil futures closed at $50.36 with a doji candle above its 8 EMA, 21 EMA and 50 SMA in a new contract month. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Gold futures closed at $1311 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Agriculture ETF (DBA) closed at 18.95 with a bearish candle in a bearish haramai candle pattern above its 8 EMA, 21 EMA and below its 50 SMA. Momentum is sideways. BuySellTimer is in a positive slope. TSI is in negative cycle and positive slope.
Commodities ETF (DBC) closed at 15.32 with a doji candle above its moving averages. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and slopes upwards.
Bonds
Bond futures (ZB) closed at 154’19 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
High Yield bond ETF (HYG) closed at 88.37 with a doji candle above its 8 EMA, 21 EMA and above its 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Currencies
$DXY closed at 92.023 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in negative cycle and positive slope.
EUR/USD closed at 1.1952 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in positive cycle and negative slope.
USD/JPY gapped up and closed at 111.55 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.
6S (Swiss Franc futures) closed at 1.0455 with a bearish candle above its moving averages. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in a positive cycle and positive slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLV, XLB, XLF, XLI and XLK respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLV, XLU, XLB, XLF and XLI respectively.
Market Internals
Vix closed at 10.15. Vix futures is at 10.75. Skew is at 143.65. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to show strength. SKEW is above 142 which is elevated. The indices continue to reach new all-time high. The prognosis is that the market is rather bullish but there is a high probability of a pullback as many market players are shorting the indices.
Buy Penny Stocks!
APPS, ATHX, BLDP, CATB, CDNA, DMTX, ENPH, FENG, GFI, GRPN, KGC, KONA, LACDF, LYG, MNKD, MRNS, MVIS, NAK, NGD, PACB, PDLI, QUIK, SAND, SB, SENS, SFUN, SID, TGB, TRMR, TRXC, VCEL, WPRT, XNET, XXII and ZAIS.
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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