Indices
Dow Transportation closed at 10228.42 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 128.69. BuySellTimer is in its positive cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings –
Dow Industrial closed at 24408.00 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 312.4. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy. Early Warnings – .
Russell 2000 closed at 1543.43 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 31.04. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings?
Nasdaq 100 closed at 6615.87 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 105.08. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings?
S&P 500 closed at 2656.87 with a bullish candle above its 8 EMA and its 21 EMA and below its 50 SMA. Daily trading range was 29.67. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $65.58 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.66. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Gold futures (GC) closed at 1343.1 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 12. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy. Early warnings?
Agriculture (DBA) ETF closed at 18.89 with a small bearish candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Daily trading range was 0.12. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.
Commodities (DBC) ETF closed at 17.23 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 145’26 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.719. BuySellTimer is in its positive cycle. TSI is in its positive cycle and positive slope. Market direction – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.90 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.26. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction – Buy/Buy. No Trade.
Currencies
The dollar index ($DXY) closed at 89.622 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.426. TSI is in a negative cycle and negative slope. It is in a Squeeze. Market direction – No direction.
EUR/USD closed at 1.2355 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0074. TSI is in a positive cycle and positive slope. It is in a daily Squeeze. Market direction – No direction.
USD/JPY closed at 107.19 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.782. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
6S(Swiss Franc) – closed at 1.0507 with a doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.0051. BuySellTimer is in a positive cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLB, XLK, XLF, XLV and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLU and XLB respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping upwards which means more gainers to losers. Volume accumulation/distribution is sloping downwards showing distribution. Vix is at 20.86 and Vix futures at 20.56. SKEW is at 121.25.
The Week Ahead
We have continued volatility in the market. The indices are in a Squeeze or volatility compression from the shorter timeframes of 15 min, 60 and 4 hours. The indices moving out of its Squeeze will be decisive. The prognosis is for a big move in the indices when it breaks out.
Futures (daily chart):
ES – Intermediate Buy. Short term Neutral/Buy. Buy Signal.
NQ – Intermediate Sell. Short term Neutral/Buy. No Signal.
YM – Intermediate Buy. Short term Buy/Buy. Buy Signal.
GC – Intermediate Buy. Short term Buy/Buy.
CL – Intermediate Buy. Short term Buy/Buy. Buy Signal.
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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10 April 2018 – A market that is compressed!
Indices
Dow Transportation closed at 10228.42 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 128.69. BuySellTimer is in its positive cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell. Early Warnings –
Dow Industrial closed at 24408.00 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 312.4. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction – Buy/Buy. Early Warnings – .
Russell 2000 closed at 1543.43 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 31.04. BuySellTimer is in positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings?
Nasdaq 100 closed at 6615.87 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 105.08. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy. Early Warnings?
S&P 500 closed at 2656.87 with a bullish candle above its 8 EMA and its 21 EMA and below its 50 SMA. Daily trading range was 29.67. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $65.58 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.66. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Gold futures (GC) closed at 1343.1 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 12. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy. Early warnings?
Agriculture (DBA) ETF closed at 18.89 with a small bearish candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Daily trading range was 0.12. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. Market direction – Neutral/Buy.
Commodities (DBC) ETF closed at 17.23 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 145’26 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.719. BuySellTimer is in its positive cycle. TSI is in its positive cycle and positive slope. Market direction – Buy/Buy.
High Yield bond ETF (HYG) closed at 85.90 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.26. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction – Buy/Buy. No Trade.
Currencies
The dollar index ($DXY) closed at 89.622 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.426. TSI is in a negative cycle and negative slope. It is in a Squeeze. Market direction – No direction.
EUR/USD closed at 1.2355 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0074. TSI is in a positive cycle and positive slope. It is in a daily Squeeze. Market direction – No direction.
USD/JPY closed at 107.19 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.782. TSI is in a positive cycle and positive slope. Market direction – Buy/Buy.
6S(Swiss Franc) – closed at 1.0507 with a doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.0051. BuySellTimer is in a positive cycle. TSI is in a negative cycle and negative slope. Market direction – Sell/Sell.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLB, XLK, XLF, XLV and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLU and XLB respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping upwards which means more gainers to losers. Volume accumulation/distribution is sloping downwards showing distribution. Vix is at 20.86 and Vix futures at 20.56. SKEW is at 121.25.
The Week Ahead
We have continued volatility in the market. The indices are in a Squeeze or volatility compression from the shorter timeframes of 15 min, 60 and 4 hours. The indices moving out of its Squeeze will be decisive. The prognosis is for a big move in the indices when it breaks out.
Futures (daily chart):
ES – Intermediate Buy. Short term Neutral/Buy. Buy Signal.
NQ – Intermediate Sell. Short term Neutral/Buy. No Signal.
YM – Intermediate Buy. Short term Buy/Buy. Buy Signal.
GC – Intermediate Buy. Short term Buy/Buy.
CL – Intermediate Buy. Short term Buy/Buy. Buy Signal.
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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