Indices Dow Transportation closed at 10414.36 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 106.63. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and rising slope. Market direction – Sell.
Dow Industrial closed at 25914.10 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 139.11. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and rising slope. Market direction – Sell.
Russell 2000 closed at 1563.9323 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 16.37. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell.
Nasdaq 100 closed at 7326.2815 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 54.84. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500(SPX) closed at 2832.94 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 13.42. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.
Metals and Commodities WTI Crude oil futures (CL) closed at $59.28 per barrel with a small bullish candle above its 8EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 1.17. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Gold futures (GC) closed at 1303.5 with a small bullish candle intertwined with its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 8.7. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell.
Commodities (DBC) ETF closed at 16.00 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.11. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell.
Bonds Bond futures (/ZB) closed at 146’01 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.4375. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
High Yield bond ETF (HYG) closed at 85.70 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.16. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.
Currency The dollar index ($DXY) closed at 96.523 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.252. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
EUR/USD closed at 1.1336 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range was 0.0039. 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 111.41 with a doji candle on its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 0.329. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLF, XLU, XLB and XLF. On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLI, XLE, XLF and XLY respectively.
Market Internals Market Sentiment is rather bullish. Market Breadth is sloping upwards showing more gainers to losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 127.10. Vix is at 13.10 and Vix Futures is at 15.02.
The Week Ahead Oil continued its uptrend. Market Internals are showing its strength. Skew is normal. Vix and Vix futures are below 15. The prognosis is for continuing advance in the indices.
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.
18 March 2019 – Indices continue uptrend
Indices
Dow Transportation closed at 10414.36 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 106.63. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and rising slope. Market direction – Sell.
Dow Industrial closed at 25914.10 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 139.11. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and rising slope. Market direction – Sell.
Russell 2000 closed at 1563.9323 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 16.37. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell.
Nasdaq 100 closed at 7326.2815 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 54.84. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500 (SPX) closed at 2832.94 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 13.42. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $59.28 per barrel with a small bullish candle above its 8EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 1.17. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Gold futures (GC) closed at 1303.5 with a small bullish candle intertwined with its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 8.7. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell.
Commodities (DBC) ETF closed at 16.00 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.11. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell.
Bonds
Bond futures (/ZB) closed at 146’01 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.4375. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
High Yield bond ETF (HYG) closed at 85.70 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.16. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.
Currency
The dollar index ($DXY) closed at 96.523 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.252. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
EUR/USD closed at 1.1336 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range was 0.0039. 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 111.41 with a doji candle on its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 0.329. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLF, XLU, XLB and XLF. On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLI, XLE, XLF and XLY respectively.
Market Internals
Market Sentiment is rather bullish. Market Breadth is sloping upwards showing more gainers to losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 127.10. Vix is at 13.10 and Vix Futures is at 15.02.
The Week Ahead
Oil continued its uptrend. Market Internals are showing its strength. Skew is normal. Vix and Vix futures are below 15. The prognosis is for continuing advance in the indices.
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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