Dow Transportation traded up and closed at 9899.67 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 99.68. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Dow Industrial gapped up and touched new all-time high at 23172.93 and closed at 23157.60 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 86.18. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 closed at 1505.1443 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.85. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Nasdaq 100 touched all-time high at 6129.49 and closed at 6114.3517 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 22.64. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2564.11 and closed at 2561.26 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 4.44. 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 $52.25 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 $1282.7 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.
Agriculture ETF (DBA) closed at 18.95 with a bullish candle below its 8 EMA and 21 EMA and found support on its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope. It is in a Squeeze.
Commodities ETF (DBC) closed at 15.59 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Bonds
Bond futures (ZB) traded down and closed at 152’30 with a bearish candle below 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.
High Yield bond ETF (HYG) closed at 88.60 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 93.415 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in a positive cycle and positive slope.
EUR/USD closed at 1.1786 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in negative cycle and positive slope.
USD/JPY closed at 112.92 with a big bullish candle above its 8 EMA and 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.
Swiss Franc (6S) futures closed at 1.0227 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 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 XLK, XLF, XLB and XLU respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLB, XLI, XLK and XLV respectively.
Market Internals
Vix closed at 10.07. Vix futures is at 11.60 Skew is at 147.95. Market sentiment is bullish. Market breadth is sloping downwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals is still showing strength. The Dow Industrial, Nasdaq 100 and S&P 500 touched new all-time high while the SKEW index is still highly elevated. Vix and Vix futures is still showing complacency. The prognosis is for the strong bullish market but caution is advised.
Top Buy Penny Stocks!
ARDM, DMTX, FCEL, FENG, ITEK, PDLI, SRAX and VKTX.
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 October 2017 – Bulls keep pushing new highs
Dow Transportation traded up and closed at 9899.67 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 99.68. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Dow Industrial gapped up and touched new all-time high at 23172.93 and closed at 23157.60 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 86.18. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Russell 2000 closed at 1505.1443 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 9.85. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and negative slope.
Nasdaq 100 touched all-time high at 6129.49 and closed at 6114.3517 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 22.64. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched new all-time high at 2564.11 and closed at 2561.26 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 4.44. 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 $52.25 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 $1282.7 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.
Agriculture ETF (DBA) closed at 18.95 with a bullish candle below its 8 EMA and 21 EMA and found support on its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope. It is in a Squeeze.
Commodities ETF (DBC) closed at 15.59 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Bonds
Bond futures (ZB) traded down and closed at 152’30 with a bearish candle below 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.
High Yield bond ETF (HYG) closed at 88.60 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 93.415 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in a positive cycle and positive slope.
EUR/USD closed at 1.1786 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is sideways. TSI is in negative cycle and positive slope.
USD/JPY closed at 112.92 with a big bullish candle above its 8 EMA and 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.
Swiss Franc (6S) futures closed at 1.0227 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 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 XLK, XLF, XLB and XLU respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLE, XLB, XLI, XLK and XLV respectively.
Market Internals
Vix closed at 10.07. Vix futures is at 11.60 Skew is at 147.95. Market sentiment is bullish. Market breadth is sloping downwards. Volumetric accumulation/distribution is sloping upwards.
The Week Ahead
Market internals is still showing strength. The Dow Industrial, Nasdaq 100 and S&P 500 touched new all-time high while the SKEW index is still highly elevated. Vix and Vix futures is still showing complacency. The prognosis is for the strong bullish market but caution is advised.
Top Buy Penny Stocks!
ARDM, DMTX, FCEL, FENG, ITEK, PDLI, SRAX and VKTX.
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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