Indices
Dow Transportation closed at 10646.57 with a high closing spinning top doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 148.6. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Dow Industrial closed at 24610.91 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 440.55. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.
Russell 2000 closed at 1570.56 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 31.92. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell.
Nasdaq 100 gapped down and closed at 6864.88 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA. Daily trading range was 142.86. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell.
S&P 500 closed at 2712.92 with a small bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 46.79. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $62.22 per barrel with a high closing doji candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 0.99. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Gold futures (GC) closed at 1316.7 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.7. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Gold is in a daily Squeeze.
Agriculture (DBA) ETF gapped down and closed at 18.84 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.22. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell.
Commodities (DBC) ETF closed at 16.53 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.14. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.
Bonds
Bond futures (/ZB) closed at 144’16 with a small spinning top doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.906. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.45 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.35. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.
Currencies
The dollar index ($DXY) closed at 89.927. with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.581. TSI is in a negative cycle and negative slope. Market direction – Neutral/Buy.
EUR/USD closed at 1.2334 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.01. TSI is in a positive cycle and positive slope. Market direction – Neutral/Buy.
USD/JPY closed at 106.08 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.63. TSI is in a negative cycle and positive slope. Market direction – Neutral/Sell.
6S(Swiss Franc) – closed at 1.0508 with a big bearish candle below its 8 EMA, 50 SMA and 21 EMA. Daily trading range was 0.0097. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction is Neutral/Buy.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLU, XLF, XLI, XLY and XLV. respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF and XLY respectively.
Market Internals
Market sentiment has turned bearish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping slightly downwards showing distribution. Vix is at 19.02 and Vix futures at 18.25. SKEW is at 143.96.
The Week Ahead
Market Internals are showing some weakening. Vix is in backwardation which means that the market is expecting the present volatility to subside in a short while. Skew is still elevated.
Futures (daily chart):
ES – Intermediate Bearish. Short term Neutral/Sell. No Trade
NQ – Intermediate Bearish. Short term Neutral/Sell
YM – Intermediate Bearish. Short term Neutral/Sell. No Trade.
GC – Intermediate Bearish. Short term Sell/Sell. No Trade.
CL – Intermediate Bearish. Short term Buy/Buy. No Trade.
Stocks Buy Watchlist
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Penny Stocks BreakOut
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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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19 March 2018 – Indices were SKEWed!
Indices
Dow Transportation closed at 10646.57 with a high closing spinning top doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 148.6. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Dow Industrial closed at 24610.91 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 440.55. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.
Russell 2000 closed at 1570.56 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 31.92. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell.
Nasdaq 100 gapped down and closed at 6864.88 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA. Daily trading range was 142.86. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell.
S&P 500 closed at 2712.92 with a small bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 46.79. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Neutral/Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $62.22 per barrel with a high closing doji candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 0.99. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy.
Gold futures (GC) closed at 1316.7 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.7. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Gold is in a daily Squeeze.
Agriculture (DBA) ETF gapped down and closed at 18.84 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.22. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction – Sell/Sell.
Commodities (DBC) ETF closed at 16.53 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.14. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.
Bonds
Bond futures (/ZB) closed at 144’16 with a small spinning top doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.906. BuySellTimer is in its positive cycle. TSI is in its negative cycle and positive slope. Market direction – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.45 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.35. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction – Neutral/Sell.
Currencies
The dollar index ($DXY) closed at 89.927. with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.581. TSI is in a negative cycle and negative slope. Market direction – Neutral/Buy.
EUR/USD closed at 1.2334 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.01. TSI is in a positive cycle and positive slope. Market direction – Neutral/Buy.
USD/JPY closed at 106.08 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.63. TSI is in a negative cycle and positive slope. Market direction – Neutral/Sell.
6S(Swiss Franc) – closed at 1.0508 with a big bearish candle below its 8 EMA, 50 SMA and 21 EMA. Daily trading range was 0.0097. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction is Neutral/Buy.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLU, XLF, XLI, XLY and XLV. respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLF and XLY respectively.
Market Internals
Market sentiment has turned bearish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping slightly downwards showing distribution. Vix is at 19.02 and Vix futures at 18.25. SKEW is at 143.96.
The Week Ahead
Market Internals are showing some weakening. Vix is in backwardation which means that the market is expecting the present volatility to subside in a short while. Skew is still elevated.
Futures (daily chart):
ES – Intermediate Bearish. Short term Neutral/Sell. No Trade
NQ – Intermediate Bearish. Short term Neutral/Sell
YM – Intermediate Bearish. Short term Neutral/Sell. No Trade.
GC – Intermediate Bearish. Short term Sell/Sell. No Trade.
CL – Intermediate Bearish. Short term Buy/Buy. No Trade.
Stocks Buy Watchlist
.
Penny Stocks BreakOut
.
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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