Dow Transportation touched all-time high at 9859.53 and closed at 9841.99 with a bullish marubozu candle above its moving averages. Daily trading range was 72.34. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial closed at 22340.71 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 116.1699. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 touched all-time high at 1487.95 and closed at 1484.81 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 30.68. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 gapped up, traded upwards and closed at 5937.7906 with a bullish ‘rolling pin’ candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 57.39. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
S&P 500 closed at 2507.04 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.84. 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 $52.03 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Gold futures closed at $1285.6 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
Agriculture ETF (DBA) closed at 18.98 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Commodities ETF (DBC) closed at 15.48 with a doji candle above its moving averages. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Bonds
Bond futures (ZB) closed at 152’30 with a big 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 88.63 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Currencies
$DXY closed at 93.45 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in negative cycle and positive slope. The dollar index has turned upwards.
EUR/USD closed at 1.1744 with a bearish marubozu candle below its 8 EMA and 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
USD/JPY closed at 112.81 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 1.0341 with a bearish candle and long lower tail below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLI and XLB respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLF, XLI, XLB and XLV respectively.
Market Internals
Vix closed at 9.87. Vix futures is at 12.19. Skew is at 129.49. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to show strength. Vix is below 10 and Vix futures is below 13. The low Vix values is an indication of market confidence that this market will continue to move upwards. Dow Transportation and Russell 200 is leading the indices upwards. The prognosis is that the market is bullish and the action to take is to be long the market.
The US dollar index has broken its downward trendline and is reversing upwards. We are seeing a rotation from technology stocks to transportation and US domestic small cap stocks.
Buy Penny Stocks!
ACRX, ACTG, AMRN, APPS, ARDM, ARLZ, ARWR, ATHX, AXAS, BBG, BLDP, BTE, CAPR, CATB, CDNA, CHK, CLD, CVEO, DMTX, DRNA, EBIO, EGO, ENPH, FCEL, FENG, FMSA, GELYF, GRPN, GST, GTE, HOS, IPI, ITEK, ITUS, IZEA, JONE, KONA, KOPN, LACDF, LYG, NE, MNKD, MRNS, NE, NETE, NXTD, OCN, OBE, OCN, PACB, PDLI, PDS, PGH, PLUG, PSTI, QUIK, RADA, RGLS, SCYX, SENS, SRAX, STAF, SYN, TANH, TRMR, TRXC, TTI, UQM, VCEL, WPRT, WTI 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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27 September 2017 – Russell 2000 and Dow Transportation lead the indices upward
Dow Transportation touched all-time high at 9859.53 and closed at 9841.99 with a bullish marubozu candle above its moving averages. Daily trading range was 72.34. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Dow Industrial closed at 22340.71 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 116.1699. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 touched all-time high at 1487.95 and closed at 1484.81 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 30.68. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 gapped up, traded upwards and closed at 5937.7906 with a bullish ‘rolling pin’ candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 57.39. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
S&P 500 closed at 2507.04 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.84. 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 $52.03 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Gold futures closed at $1285.6 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downward. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
Agriculture ETF (DBA) closed at 18.98 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in negative cycle and positive slope.
Commodities ETF (DBC) closed at 15.48 with a doji candle above its moving averages. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
Bonds
Bond futures (ZB) closed at 152’30 with a big 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 88.63 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Currencies
$DXY closed at 93.45 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in negative cycle and positive slope. The dollar index has turned upwards.
EUR/USD closed at 1.1744 with a bearish marubozu candle below its 8 EMA and 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
USD/JPY closed at 112.81 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 1.0341 with a bearish candle and long lower tail below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLI and XLB respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLF, XLI, XLB and XLV respectively.
Market Internals
Vix closed at 9.87. Vix futures is at 12.19. Skew is at 129.49. Market sentiment is bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals continue to show strength. Vix is below 10 and Vix futures is below 13. The low Vix values is an indication of market confidence that this market will continue to move upwards. Dow Transportation and Russell 200 is leading the indices upwards. The prognosis is that the market is bullish and the action to take is to be long the market.
The US dollar index has broken its downward trendline and is reversing upwards. We are seeing a rotation from technology stocks to transportation and US domestic small cap stocks.
Buy Penny Stocks!
ACRX, ACTG, AMRN, APPS, ARDM, ARLZ, ARWR, ATHX, AXAS, BBG, BLDP, BTE, CAPR, CATB, CDNA, CHK, CLD, CVEO, DMTX, DRNA, EBIO, EGO, ENPH, FCEL, FENG, FMSA, GELYF, GRPN, GST, GTE, HOS, IPI, ITEK, ITUS, IZEA, JONE, KONA, KOPN, LACDF, LYG, NE, MNKD, MRNS, NE, NETE, NXTD, OCN, OBE, OCN, PACB, PDLI, PDS, PGH, PLUG, PSTI, QUIK, RADA, RGLS, SCYX, SENS, SRAX, STAF, SYN, TANH, TRMR, TRXC, TTI, UQM, VCEL, WPRT, WTI 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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