Indices Dow Transportation closed at 10585.00 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 92.36. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and falling slope. Market direction – Buy.
Dow Industrial closed at 26091.95 with a small inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 209.61. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1588.8055 with a small inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA and its 200 SMA. Daily trading range was 13.295. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 7115.4261 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 71.11. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500 closed at 2796.11 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 20.82. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Metals and Commodities WTI Crude oil futures (CL) closed at $55.43 per barrel with a bearish candle below its 8 EMA and 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 2.45. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Gold futures (GC) closed at 1329.7 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 7.6. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Commodities (DBC) ETF closed at 15.85 with a bearish candle below its 8 EMA and 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 0.26. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Bonds Bond futures (/ZB) closed at 146’08 with a doji bearish candle below its 8 EMA, 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.594. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
High Yield bond ETF (HYG) closed at 85.66 with a low closing doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.24. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Currency The dollar index ($DXY) closed at 96.413 with a low closing spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.285. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
EUR/USD closed at 1.1356 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.004. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. It is in a weekly Squeeze.
USD/JPY closed at 111.04 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.66. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLK, XLB, XLU and XLE.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLE, XLK, XLY and XLF respectively.
Market Internals Market Sentiment is slightly bullish. Market Breadth is sloping upwards showing more gainers to losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 127.67. Vix is at 14.85 and Vix Futures is at 15.88.
The Week Ahead The indices powered upwards on news of the extension to the tariff hike on China goods to the US. Vix and Vix futures are below 15 and 16 respectively. Skew is normal. Market internals are strong.
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.
25 Feb 2019 – Positive signs of trade agreement
Indices
Dow Transportation closed at 10585.00 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 92.36. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and falling slope. Market direction – Buy.
Dow Industrial closed at 26091.95 with a small inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 209.61. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1588.8055 with a small inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA and its 200 SMA. Daily trading range was 13.295. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 7115.4261 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 71.11. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500 closed at 2796.11 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 20.82. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $55.43 per barrel with a bearish candle below its 8 EMA and 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 2.45. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Gold futures (GC) closed at 1329.7 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 7.6. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Commodities (DBC) ETF closed at 15.85 with a bearish candle below its 8 EMA and 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 0.26. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Bonds
Bond futures (/ZB) closed at 146’08 with a doji bearish candle below its 8 EMA, 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.594. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
High Yield bond ETF (HYG) closed at 85.66 with a low closing doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.24. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Currency
The dollar index ($DXY) closed at 96.413 with a low closing spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.285. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
EUR/USD closed at 1.1356 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.004. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. It is in a weekly Squeeze.
USD/JPY closed at 111.04 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.66. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLK, XLB, XLU and XLE.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLE, XLK, XLY and XLF respectively.
Market Internals
Market Sentiment is slightly bullish. Market Breadth is sloping upwards showing more gainers to losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 127.67. Vix is at 14.85 and Vix Futures is at 15.88.
The Week Ahead
The indices powered upwards on news of the extension to the tariff hike on China goods to the US. Vix and Vix futures are below 15 and 16 respectively. Skew is normal. Market internals are strong.
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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