FRED

Futures (ES, NQ, GC, CL) – 28 June 2017

28 June 2017

Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)

Futures (ES, NQ, GC, CL) – 27 June 2017

27 June 2017

Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)

Futures (ES, NQ, GC, CL) – 23 June 17

23 June 2017

Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)

Options – 18 December 15 Monthly Income – Bull PUT on SPX

Update

14 December 2015

We closed this CALL credit spread and bought it back for $0.05. Overall, it was a small profit to be redeployed for the next trade.

8 December 2015

We sold a monthly CALL credit spread at 2135/2145 for $1.10. The total Return-on-Risk for this new trade is 1.10/8.90 = 12.36 % excluding transaction cost. The PUT credit spread was closed for $1.75.

27 November 2015

We sold a monthly PUT credit spread at 2015/2005 for $1.15. The total Return-on-Risk for this new trade is 1.15/8.85 = 13.00 % excluding transaction cost. Expiration is at 9:30 am, 18 December 2015 (EST)

Options – 21 August 15 Monthly Income – Bull PUT on SPX

Update

21 August 2015

This PUT credit spread expired worthless. The Settlement price was 2015.47.

13 July 2015

We sold a monthly PUT credit spread at 1980/1970 for $1.30. The total Return-on-Risk for this new trade is 1.30/8.70 = 14.94 % excluding transaction cost. Expiration is at 9:30 am, 21 August 2015 (EST)

Options – 17 July 15 Monthly Income – Bull PUT on SPX

Update

13 July 2015

We closed this trade by buying it back for $0.05. Option expiration is this coming Friday morning.

15 June 2015

We sold a monthly PUT credit spread at 1980/1970 for $1.30. The total Return-on-Risk for this new trade is 1.30/8.70 = 14.94 % excluding transaction cost. Expiration is at 9:30 am, 17 July 2015 (EST)

Options – 18 June 15 Monthly Income – Bear Call on SPX

Update

5 June 2015

We closed this trade by buying it back for $0.05. Option expiration is another 2 weeks away.

18 May 2015

We sold a monthly CALL credit spread at 2185/2195 for $1.05. The total Return-on-Risk for this new trade is 1.05/8.95 = 11.7 % excluding transaction cost. Expiration is at 9:30 am, 19 June 2015 (EST)

Academy of Stocks, Options, Futures and Forex (SOFF Academy)

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Background
I am Jeff Toh and founder of the Academy of Stocks, Options, Futures and Forex. I am a Chartered Market Technician (CMT) with over 30 plus years of investing experience. Over the years, I have invested in mutual funds and stocks and traded in options, stocks and futures. I was an engineer in the telecommunications and broadcast industry for about 27 years since graduating from the University of Canterbury, New Zealand in 1986. One of my majoring subject was Expert Systems which has evolved and grown into Artificial Intelligence (AI, 爱) which I have utilised it in my trading systems.

Over the years, I have maintained an interest in AI (爱) and has seen its tremendous progress. Now, with the same dedication that I have spent over the nearly 3 decades in engineering and management, I am pioneering the use of algorithmic and AI (爱) in trading the global stocks, futures and forex market especially in the Asian region.

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22 March 2019 – Weekly Review – Reversal downwards


Indices (Weekly chart)
Dow Transportation closed at 10052.30 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range was 406.86. Intermediate Cycle is negative with rising slope. Short term cycle is positive with falling slope. Market direction:- Buy.     

Dow Industrial closed at 25502.32 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 608.23. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.   

Russell 2000 closed at 1505.9228 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and above its 50 SMA. Weekly trading range was 65.02. Intermediate Cycle is negative and rising. Short term cycle is positive and falling. Market direction:- Buy.      

Nasdaq 100 closed at 7326.0567 with a low closing doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 211.56. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.         

S&P 500 closed at 2800.71 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 59.84. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $58.97 per barrel with a doji candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Weekly trading range was 2.11. Intermediate Cycle is negative and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.

Gold futures (GC) closed at 1313.4 with a bullish candle above its 8 EMA, 21 EMA , 50 SMA and 200 SMA. Weekly trading range was 22.2. Intermediate Cycle is positive and rising slope. Short term cycle is positive and falling slope. Market direction:- Buy.  

Bonds (Weekly charts)
Bond futures (/ZB) closed at 148’25 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Weekly trading range was 3.75. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.         

High Yield bond ETF (HYG) closed at 85.84 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 0.65. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.         

Currencies (Weekly charts)
The dollar index ($DXY) closed at 96.601 with a high closing doji candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 1.066. Intermediate Cycle is positive and falling slope. Short term cycle is positive and falling slope. Market direction:- Sell. It is in a Squeeze.

EUR/USD closed at 1.1299 with a low closing doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 0.0174. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Buy.       

USD/JPY closed at 109.97 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 1.95. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Sell.    

6S (Swiss Franc) closed at 1.0144 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and below 200 SMA. Weekly trading range was 0.013. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Buy. It is in a weekly and monthly Squeeze.  

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLU, XLY, XLE, and XLP respectively.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLI and XLY respectively.

Market Internals
Market Sentiment is neutral. Market Breadth is sloping downwards showing losers than gainers. Volume Acc/Dis is sloping downwards showing distribution. Skew is at 117.55. Vix is at 16.48 and Vix futures 16.80.

The Week Ahead
The market closed on Friday with big bearish candles on its indices. Market Breadth has been weakening for 2-3 weeks now. Vix and Vix futures are less than 17 and has increased as the indices traded downwards. This could be the first sign that the market might be turning downwards but it has definitely be more volatile. The prognosis is for more selling pressure on 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.



21 March 2019 – Indices surged


Indices
Dow Transportation closed at 10285.67 with a bullish marubozu candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range was 202.7. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.

Dow Industrial closed at 25962.51 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 352.12. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and rising slope. Market direction – Sell. 

Russell 2000 closed at 1562.41 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA Daily trading range was 30.99. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell. 

Nasdaq 100 closed at 7493.27 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 148.47. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 (SPX) closed at 2854.88 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 42.93. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $59.87 per barrel with a small doji candle above its 8EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.73. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.     

Gold futures (GC) closed at 1309.0 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 17.4. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

Commodities (DBC) ETF closed at 16.08 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.12. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.   

Bonds
Bond futures (/ZB) closed at 147’01 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.594. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

High Yield bond ETF (HYG) closed at 86.15 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.22. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. 

Currency
The dollar index ($DXY) closed at 96.347 with a big bullish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.788. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.    

EUR/USD closed at 1.1372 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0095. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. It is in a weekly Squeeze.

USD/JPY closed at 110.79 with a spinning top doji candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range was 0.66. Intermediate Cycle is positive and falling slope. Short Cycle is negative 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 and XLY.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLI and XLY respectively.  

Market Internals
Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers to gainers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 120.67. Vix is at 13.63 and Vix Futures is at 15.30.  

The Week Ahead 
Market Internals are giving mixed message. Market Breadth continues to deteriorate while Market Volume is rising. This means more volume into lesser stocks that continues to make gains. Skew is normal. Vix is below 14 while Vix futures is below 16. The prognosis is for an upward bias but caution is to be exercised as the market breadth continues to deteriorate.

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.




20 March 2019 – Indices pull back, Trade talks might fail?

Indices
Dow Transportation closed at 10143.26 with a bearish hammer candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range was 207.4. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.

Dow Industrial closed at 25745.67 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 258.89. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and rising slope. Market direction – Sell. 

Russell 2000 closed at 1543.16 with a bearish candle below its 8 EMA, 21 EMA and 200 SMA and above its 50 SMA. Daily trading range was 26.33. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7380.75 with a bullish spining top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 104.33. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 (SPX) closed at 2824.23 with a small spinning top bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 31.11. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.    

Continue reading 20 March 2019 – Indices pull back, Trade talks might fail?

19 March 2019 – Overly Bullishness, Indices retraces

Indices
Dow Transportation closed at 10277.32 with a bearish candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range was 200.26. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and rising slope. Market direction – Sell.

Dow Industrial closed at 25887.38 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 294.76. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and rising slope. Market direction – Sell. 

Russell 2000 closed at 1554.9851 with a bearish candle on its 8 EMA and above its 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 18.236. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell. 

Nasdaq 100 closed at 7349.2783 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 68.36. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 (SPX) closed at 2832.57 with a small spinning top bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 29.15. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.    

Continue reading 19 March 2019 – Overly Bullishness, Indices retraces

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.    

Continue reading 18 March 2019 – Indices continue uptrend

15 March 2019 – ES and NQ marches upwards


Indices (Weekly chart)
Dow Transportation closed at 10310.12 with a bullish candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Weekly trading range was 345.47. Intermediate Cycle is negative with rising slope. Short term cycle is positive with rising slope. Market direction:- Buy.     

Dow Industrial closed at 25848.87 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 719.91. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.   

Russell 2000 closed at 1553.54 with a bullish candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Weekly trading range was 41.71. Intermediate Cycle is negative and rising. Short term cycle is positive and rising. Market direction:- Buy.      

Nasdaq 100 closed at 7306.987 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 315.605. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.         

S&P 500 closed at 2822.48 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 87.66. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.

Continue reading 15 March 2019 – ES and NQ marches upwards

14 March 2019 – A Brexit market, confusion …

Indices
Dow Transportation closed at 10345.54 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 94.82. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and rising slope. Market direction – Sell.

Dow Industrial closed at 25709.94 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 131.53. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Sell. 

Russell 2000 closed at 1549.635 with a small bearish candle intertwined with its 8 EMA, 21 EMA and above its 50 SMA and below its 200 SMA. Daily trading range was 6.67. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7243.014 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 26.97. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 (SPX) closed at 2808.48 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 11.54. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell.    

Continue reading 14 March 2019 – A Brexit market, confusion …

13 March 2019 – Oil breaks Upwards

Indices
Dow Transportation closed at 10367.12 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 178.43. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and rising slope. Market direction – Sell.

Dow Industrial closed at 25702.89 with a smal bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 221.83. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Sell. 

Russell 2000 closed at 1555.8805 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 12.84. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7256.9815 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 91.58. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 (SPX) closed at 2810.92 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 29.72. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell.    

Continue reading 13 March 2019 – Oil breaks Upwards

12 March 2019 – Boeing makes the market goes Boing Boing

Indices
Dow Transportation closed at 10261.53 with a bearish candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range was 115.25. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.

Dow Industrial closed at 25554.66 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range was 153.27. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Sell. 

Russell 2000 closed at 1549.8348 with a small doji candle on its 8 EMA and above its 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 9.78. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7201.2813 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 55.39. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell.

S&P 500 (SPX) closed at 2791.52 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 15.02. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.    

Continue reading 12 March 2019 – Boeing makes the market goes Boing Boing

11 March 2019 – Huge Rally in the indices

Indices
Dow Transportation closed at 10312.92 with a big bullish marubozu candle on its 8 EMA, 21 EMA and below its 200 SMA and above its 50 SMA. Daily trading range was 220.9. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.

Dow Industrial closed at 25650.88 with a big bullish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 453.63. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Sell. 

Russell 2000 closed at 1548.8766 with a big bullish marubozu candle on its 8 EMA and above its 21 EMA, 50 SMA and below its 50 SMA. Daily trading range was 27.04. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7164.0204 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 151.235. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.

S&P 500 (SPX) closed at 2783.30 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 40.93. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.  

Continue reading 11 March 2019 – Huge Rally in the indices