Dow Transportation closed at 9595.23 with a spinning top doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 75.53. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and positive slope.
Dow Industrial closed at 23580.78 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 93.90. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and negative slope. The index is in a Squeeze.
Russell 2000 closed at 1513.31 with an bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.84. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 touched new all-time high at 6420.21 and closed at 6405.97 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 28.20. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched all-time high of 2606.41 and closed at 2601.42 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7.54. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. The index is in a Squeeze.
Metals and Commodities
WTI Crude oil futures closed at $57.85 with a bearish marubozu 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 negative slope.
Gold futures closed at $1294.2 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.
Agriculture ETF (DBA) gapped down and closed at 19.13 with bullish candle below its 8 EMA and 21 EMA and on its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
Commodities ETF (DBC) closed at 16.41 with a hammer 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 negative slope.
Bonds
Bond futures (ZB) closed at 153 ’07 with a spinning top doji candle below its 8 EMA and 21 EMA and on its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
High Yield bond ETF (HYG) closed at 87.60 with a bearish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and positive slope.
Currencies
$DXY closed at 92.9 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in a negative cycle and negative slope.
EUR/USD closed at 1.1900 with a bearish inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.
USD/JPY closed at 111.08 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
Swiss Franc (6S) futures closed at 1.0201 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive 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 XLP, XLK, XLY, XLU, XLB and XLI respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLB, XLE and XLY. respectively.
Market Internals
Vix closed at 9.87. Vix futures is at 11.45. Skew is at 130.18. Market sentiment is rather bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping downwards.
The Week Ahead
Market internals continue to show strength. The US dollar index is showing some support. Vix and Vix futures are telling us that there are no fear of any market pullback. Dow Transportation and Russell are not in sync and there is no conclusive evidence of any potential pullback. The hope for a tax reform bill that will benefit companies are the exuberance driving the market. The prognosis is that the market is rather exuberant.
Top Buy Penny Stocks!
BW, CERS, CNIT, DNR, EKSO, ENPH, GAPFF, GHL, GLNNF, ISIG, LLNW, OBE, OCRX, ONCS and SPCB.
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 November 2017 – Conflicting signals in the market, All-time highs
Dow Transportation closed at 9595.23 with a spinning top doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 75.53. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and positive slope.
Dow Industrial closed at 23580.78 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 93.90. Momentum is downwards. BuySellTimer is in a positive cycle. TSI is in its positive cycle and negative slope. The index is in a Squeeze.
Russell 2000 closed at 1513.31 with an bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.84. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
Nasdaq 100 touched new all-time high at 6420.21 and closed at 6405.97 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 28.20. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope.
S&P 500 touched all-time high of 2606.41 and closed at 2601.42 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7.54. Momentum is upwards. BuySellTimer is in a positive cycle. TSI is in positive cycle and positive slope. The index is in a Squeeze.
Metals and Commodities
WTI Crude oil futures closed at $57.85 with a bearish marubozu 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 negative slope.
Gold futures closed at $1294.2 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.
Agriculture ETF (DBA) gapped down and closed at 19.13 with bullish candle below its 8 EMA and 21 EMA and on its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in negative cycle and negative slope.
Commodities ETF (DBC) closed at 16.41 with a hammer 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 negative slope.
Bonds
Bond futures (ZB) closed at 153 ’07 with a spinning top doji candle below its 8 EMA and 21 EMA and on its 50 SMA. Momentum is downwards. BuySellTimer is in a negative cycle. TSI is in positive cycle and negative slope.
High Yield bond ETF (HYG) closed at 87.60 with a bearish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Momentum is sideways. BuySellTimer is in a negative cycle. TSI is in negative cycle and positive slope.
Currencies
$DXY closed at 92.9 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in a negative cycle and negative slope.
EUR/USD closed at 1.1900 with a bearish inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Momentum is upwards. TSI is in positive cycle and positive slope.
USD/JPY closed at 111.08 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Momentum is downwards. TSI is in negative cycle and negative slope.
Swiss Franc (6S) futures closed at 1.0201 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Momentum is upwards. BuySellTimer is in a positive 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 XLP, XLK, XLY, XLU, XLB and XLI respectively.
On a 3-month lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF, XLB, XLE and XLY. respectively.
Market Internals
Vix closed at 9.87. Vix futures is at 11.45. Skew is at 130.18. Market sentiment is rather bullish. Market breadth is sloping upwards. Volumetric accumulation/distribution is sloping downwards.
The Week Ahead
Market internals continue to show strength. The US dollar index is showing some support. Vix and Vix futures are telling us that there are no fear of any market pullback. Dow Transportation and Russell are not in sync and there is no conclusive evidence of any potential pullback. The hope for a tax reform bill that will benefit companies are the exuberance driving the market. The prognosis is that the market is rather exuberant.
Top Buy Penny Stocks!
BW, CERS, CNIT, DNR, EKSO, ENPH, GAPFF, GHL, GLNNF, ISIG, LLNW, OBE, OCRX, ONCS and SPCB.
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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