Indices
Dow Transportation closed at 10592.56 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 138.3. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.
Dow Industrial closed at 24786.63 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 177.18. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. The index is in a Squeeze. Market direction: Intermediate – Buy. Current – Buy/Buy.
Russell 2000 closed at 1579.80 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 18.12. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Nasdaq 100 gapped up and closed at 6816.36 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 104.52. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
S&P 500 gapped up and closed at 2706.39 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 21.33. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $66.67 per barrel with a bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.19. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1350.5 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 12. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. The index is in a Squeeze. Market direction: Intermediate – Buy. Current – Buy/Buy.
Agriculture (DBA) ETF closed at 18.84 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.14. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
Commodities (DBC) ETF closed at 17.25 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 145’19 with a small doji candle on its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.844. BuySellTimer is in its positive cycle. TSI is in its positive cycle and negative slope. It is in a Squeeze. Market direction: Intermediate – Buy. Current – Neutral/Sell.
High Yield bond ETF (HYG) closed at 86.46 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.23. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Currencies
The dollar index ($DXY) closed at 89.65 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.437. TSI is flat. It is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
EUR/USD closed at 1.2368 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0077. TSI is in a positive cycle and positive slope. It is in a daily Squeeze. Market direction: Intermediate – Buy. Current – Buy/Buy.
USD/JPY closed at 106.99 with a small doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.326. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.04 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0105. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – 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 and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLB, XLU and XLY respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping upwards which means more gainers to losers. Volume accumulation/distribution is sloping upwards showing accumulation. Vix is at 15.16 and Vix futures at 16.27. SKEW is at 130.57. The prognosis is for a continuation of this bullish market.
The Week Ahead
The indices have been grinding upwards and the Vix and Vix futures have been steadily dropping. .
Futures Summary(daily chart):
ES – Intermediate Buy. Short term Buy/Buy. Buy Signal.
NQ – Intermediate Buy. Short term Buy/Buy. Buy Signal.
YM – Intermediate Buy. Short term Buy/Buy. Buy Signal.
GC – Intermediate Buy. Short term Buy/Buy. Buy Signal
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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17 April 2018 – Uptrend continues
Indices
Dow Transportation closed at 10592.56 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 138.3. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.
Dow Industrial closed at 24786.63 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 177.18. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. The index is in a Squeeze. Market direction: Intermediate – Buy. Current – Buy/Buy.
Russell 2000 closed at 1579.80 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 18.12. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Nasdaq 100 gapped up and closed at 6816.36 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 104.52. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
S&P 500 gapped up and closed at 2706.39 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 21.33. BuySellTimer is in its positive cycle. TSI is in a negative cycle and positive slope. Market direction – Intermediate – Buy. Current – Buy/Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $66.67 per barrel with a bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.19. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1350.5 with a high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 12. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. The index is in a Squeeze. Market direction: Intermediate – Buy. Current – Buy/Buy.
Agriculture (DBA) ETF closed at 18.84 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.14. BuySellTimer is in a negative cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
Commodities (DBC) ETF closed at 17.25 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 145’19 with a small doji candle on its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.844. BuySellTimer is in its positive cycle. TSI is in its positive cycle and negative slope. It is in a Squeeze. Market direction: Intermediate – Buy. Current – Neutral/Sell.
High Yield bond ETF (HYG) closed at 86.46 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.23. BuySellTimer is in a positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Currencies
The dollar index ($DXY) closed at 89.65 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.437. TSI is flat. It is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
EUR/USD closed at 1.2368 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0077. TSI is in a positive cycle and positive slope. It is in a daily Squeeze. Market direction: Intermediate – Buy. Current – Buy/Buy.
USD/JPY closed at 106.99 with a small doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.326. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.04 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0105. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – 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 and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLB, XLU and XLY respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping upwards which means more gainers to losers. Volume accumulation/distribution is sloping upwards showing accumulation. Vix is at 15.16 and Vix futures at 16.27. SKEW is at 130.57. The prognosis is for a continuation of this bullish market.
The Week Ahead
The indices have been grinding upwards and the Vix and Vix futures have been steadily dropping. .
Futures Summary(daily chart):
ES – Intermediate Buy. Short term Buy/Buy. Buy Signal.
NQ – Intermediate Buy. Short term Buy/Buy. Buy Signal.
YM – Intermediate Buy. Short term Buy/Buy. Buy Signal.
GC – Intermediate Buy. Short term Buy/Buy. Buy Signal
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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