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23 March 2018 – Weekly Review – It keeps tumbling down!


Indices (Weekly chart)
Dow Transportation closed at 10163.32 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 652.29. BuySellTimer is in its negative cycle. TSI is in its positive cycle and negative slope. Market direction: Intermediate – Sell. Short term – Sell/Sell.

Dow Industrial closed at 23533.20 with a big bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 1,468.6. BuySellTimer is in negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Sell, Short term – Sell/Sell.

Russell 2000 closed at 1510.0827 with a big bearish marubozu candle below its 8 EMA, 21 EMA and above its 50 SMA. Weekly trading range was 77.66. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate – Sell, Short term – Sell/Sell.

Nasdaq 100 closed at 6508.09 with a big bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 441.179. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate term – Buy. Short term Sell/Sell.

S&P 500 closed at 2588.26 with a big bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 155.49. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction. Intermediate term – Sell. Short term -Sell/Sell.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $65.74 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 4.55. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy, Short Term – Buy/Buy.

Gold futures (GC) closed at 1347.3 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 21. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy, Short Term – Buy/Buy.

Agriculture (DBA) ETF closed at 18.87 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.425. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Short term – Neutral/Sell. It is in a weekly Squeeze.

Commodities (DBC) ETF closed at 16.96 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.53. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction:- Intermediate Term – Buy, Short Term – Buy/Buy.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 144’31 with a bullish spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.56. BuySellTimer is in its negative cycle. TSI is in its negative cycle and positive slope. Market direction:- Intermediate Term – Sell, Short Term – Sell/Buy.

High Yield bond ETF (HYG) closed at 84.92 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.99. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell, Short Term – Sell/Sell.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 89.484 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.045. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Short Term – Sell/Sell.

EUR/USD closed at 1.2351 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0148. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Buy, Short Term – Buy/Buy.

USD/JPY closed at 104.72 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2. TSI is in a negative cycle and negative slope. Market direction:- Intermediate Term – Sell. Short Term – Sell/Sell.

6S (Swiss Franc) closed at 1.0632 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Week trading range was 0.0134. BuySellTimer is a positive cycle. TSI is in a positive cycle and negative slope. Market direction:- Intermediate Term – Buy, Short Term – Buy/Buy.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLU, XLF and XLP respectively.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLU and XLY respectively.

Market Internals
Market Sentiment is bearish. Market Breadth is sloping downwards showing nett losers to gainers. Volumetric Acc/Dis is sloping downwards showing distribution. SKEW is at 130.79. Vix is at 24.87 and Vix futures is at 20.45.

The Week Ahead
Market internals are weakening and market sentiment is bearish after a long long time of bullishness. The Vix and Vix futures are above 20 plus and is showing investors are hedging against further downside in the market. The market is quite news driven and as such all the intdicators are telling us to brace for further volatility and downside.

Futures (Daily Chart):
ES – Intermediate Term – Sell. Short Term – Sell/Sell.
NQ – Intermediate Term – Sell. Short Term – Sell/Sell.
YM – Intermediate Term – Sell. Short Term – Sell/Sell.
GC – Intermediate Term – Buy. Short Term – Buy/Buy. Entered Squeeze.
CL – Intermediate Term – Buy. Short Term – Buy/Buy.

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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