Indices
Dow Transportation closed at 10413.88 with a bearish ‘hammer’-like candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 205.38. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Sell. Current – Neutral/Sell.
Dow Industrial closed at 24322.34 with a bullish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 273.74. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope and flat. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Neutral/Sell.
Russell 2000 closed at 1557.8945 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 12.1874. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
Nasdaq 100 gapped up and closed at 6649.6537 with a bullish candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Daily trading range was 94.5281. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
S&P 500 gapped up and closed at 2666.94 with a bullish candle slightly above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 29.32. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Buy/Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $68.16 per barrel with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.07. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1317.8 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.8. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
Agriculture (DBA) ETF closed at 18.97 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.19. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction: Intermediate – Sell. Current – Neutral/Buy.
Commodities (DBC) ETF closed at 17.49 with a dragonfly doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 142’19 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.0312. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
High Yield bond ETF (HYG) closed at 85.80 with a bullish candle on its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.3358. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Neutral/Sell.
Currencies
The dollar index ($DXY) closed at 91.579 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.6809. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/BUy.
EUR/USD closed at 1.2160 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0113. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
USD/JPY closed at 109.28 with a small bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.398. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.0148 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0081. 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, XLY, XLV, XLB and XLK.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLU, XLY and XLV respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping upwards showing accumulation. Vix is at 16.24 and Vix futures at 16.95. SKEW is at 127.08.
The Week Ahead
The S&P 500 and the Nasdaq 100 had a positive day but not shared by the Dow Industrial or Dow Transportation. The market internal looks like it wants to go up. This market is still very volatile. Vix and Vix futures has been trending down. Sekw is normal. Overall, the indices look slightly bullish. The Dow Industrial and Transportation did not join the S The prognosis is for continued volatility.
Futures Summary(daily chart):
ES – Intermediate Sell. Short term Buy/Buy. Squeeze. No trade. No divergence signal.
NQ – Intermediate Sell. Short term Buy/Buy. Exited Squeeze.
YM – Intermediate Sell. Short term Neutral/Sell. Squeeze. No trade. No divergence signal.
GC – Intermediate Sell. Short term Sell/Sell. Squeeze. No trade. No divergence signal.
CL – Intermediate Buy. Short term Buy/Buy. Buy Signal. Negative divergence signal.
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26 April 2018 – S&P 500 and Nasdaq 100 surges
Indices
Dow Transportation closed at 10413.88 with a bearish ‘hammer’-like candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 205.38. BuySellTimer is in its negative cycle. TSI is in a positive cycle and negative slope. Market direction – Intermediate – Sell. Current – Neutral/Sell.
Dow Industrial closed at 24322.34 with a bullish candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 273.74. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope and flat. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Neutral/Sell.
Russell 2000 closed at 1557.8945 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 12.1874. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
Nasdaq 100 gapped up and closed at 6649.6537 with a bullish candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Daily trading range was 94.5281. BuySellTimer is in its negative cycle. TSI is in a negative cycle and positive slope. Market direction: Intermediate – Sell. Current – Buy/Buy.
S&P 500 gapped up and closed at 2666.94 with a bullish candle slightly above its 8 EMA, 21 EMA and below its 50 SMA. Daily trading range was 29.32. BuySellTimer is in its negative cycle. TSI is in a negative cycle and negative slope. Market direction – Intermediate – Sell. Current – Buy/Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $68.16 per barrel with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.07. BuySellTimer is in a positive cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Gold futures (GC) closed at 1317.8 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 11.8. BuySellTimer is in a negative cycle. TSI is in a negative cycle and negative slope. The index is in a Squeeze. Market direction: Intermediate – Sell. Current – Sell/Sell.
Agriculture (DBA) ETF closed at 18.97 with a bearish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.19. BuySellTimer is in a positive cycle. TSI is in a negative cycle and positive slope. It is in a Squeeze. Market direction: Intermediate – Sell. Current – Neutral/Buy.
Commodities (DBC) ETF closed at 17.49 with a dragonfly doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1. BuySellTimer is in its positive cycle. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
Bonds
Bond futures (/ZB) closed at 142’19 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.0312. BuySellTimer is in its negative cycle. TSI is in its negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
High Yield bond ETF (HYG) closed at 85.80 with a bullish candle on its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.3358. BuySellTimer is in a negative cycle. TSI is in a positive cycle and negative slope. Market direction: Intermediate – Sell. Current – Neutral/Sell.
Currencies
The dollar index ($DXY) closed at 91.579 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.6809. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/BUy.
EUR/USD closed at 1.2160 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0113. TSI is in a negative cycle and negative slope. Market direction: Intermediate – Sell. Current – Sell/Sell.
USD/JPY closed at 109.28 with a small bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.398. TSI is in a positive cycle and positive slope. Market direction: Intermediate – Buy. Current – Buy/Buy.
6S(Swiss Franc) – closed at 1.0148 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0081. 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, XLY, XLV, XLB and XLK.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLK, XLU, XLY and XLV respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping downwards which means more losers to gainers. Volume accumulation/distribution is sloping upwards showing accumulation. Vix is at 16.24 and Vix futures at 16.95. SKEW is at 127.08.
The Week Ahead
The S&P 500 and the Nasdaq 100 had a positive day but not shared by the Dow Industrial or Dow Transportation. The market internal looks like it wants to go up. This market is still very volatile. Vix and Vix futures has been trending down. Sekw is normal. Overall, the indices look slightly bullish. The Dow Industrial and Transportation did not join the S The prognosis is for continued volatility.
Futures Summary(daily chart):
ES – Intermediate Sell. Short term Buy/Buy. Squeeze. No trade. No divergence signal.
NQ – Intermediate Sell. Short term Buy/Buy. Exited Squeeze.
YM – Intermediate Sell. Short term Neutral/Sell. Squeeze. No trade. No divergence signal.
GC – Intermediate Sell. Short term Sell/Sell. Squeeze. No trade. No divergence signal.
CL – Intermediate Buy. Short term Buy/Buy. Buy Signal. Negative divergence 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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