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)
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Indices (Weekly chart) Dow Transportation closed at 10012.06 with a big bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 527.52. Intermediate Cycle is negative with falling slope. Short term cycle is negative with rising slope. Market direction:- Sell.
Dow Industrial closed at 24706.35 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Weekly trading range was 984.98. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Sell.
Russell 2000 closed at 1482.5011 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 55.897. Intermediate Cycle is negative and falling. Short term cycle is negative and rising. Market direction:- Sell.
Nasdaq 100 closed at 6784.61 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 303.59. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Sell.
S&P 500 closed at 2670.71 with a bullish marubozu candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 105.06. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Sell.
Metals and Commodities (Weekly charts) WTI Crude oil futures (CL) closed at $53.99 per barrel with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 3.76. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Buy.
Gold futures (GC) closed at 1281.3 with a bearish candle above its 8 EMA, 21 EMA , 50 SMA and 200 SMA. Weekly trading range was 16.5. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.
Bonds (Weekly charts) Bond futures (/ZB) closed at 144’17 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Weekly trading range was 2.063. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.
High Yield bond ETF (HYG) closed at 84.50 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Weekly trading range was 1.12. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Buy.
Currencies (Weekly charts) The dollar index ($DXY) closed at 96.364 with a bullish candle on its 8 EMA and above its 21 EMA, 200 SMA, 50 SMA. Weekly trading range was 0.928. 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 1.1363 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range was 0.0136. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Buy.
USD/JPY closed at 109.76 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 1.902. Intermediate Cycle is positive and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell.
6S (Swiss Franc) closed at 1.0097 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range was 0.017. Intermediate Cycle is negative and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. It is in a monthly Squeeze.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLI and XLY respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLI and XLY respectively.
Market Internals Market Sentiment is slightly bullish. Market Breadth is sloping upwards showing more gainers than losers. Volume Acc/Dis is sloping upwards showing accumulation. Skew is at 131.19. Vix is at 17.80 and Vix futures 18.25.
The Week Ahead The indices continue to push upwards amidst intraday volatilities. Skew is normal. Vix and Vix futures continue to trend downwards. The prognosis is for continued bullishness in the market.
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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.
Indices Dow Transportation closed at 9756.75 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 207.54. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 24370.10 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 385.56. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1467.25 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 22.28. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 6718.453 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 110.19. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500 closed at 2635.96 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 38.7. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Metals and Commodities WTI Crude oil futures (CL) closed at $52.48 per barrel with a doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 1.59. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Gold futures (GC) closed at 1291.6 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 6.7. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Commodities (DBC) ETF closed at 15.40 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.20. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Bonds Bond futures (/ZB) closed at 145’01 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range was 0.91. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
High Yield bond ETF (HYG) closed at 84.26 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.4. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Currency The dollar index ($DXY) closed at 96.071 with a doji candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.282. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.
EUR/USD closed at 1.387 with a doji candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range was 0.0035. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. It is in a daily and weekly Squeeze.
USD/JPY closed at 109.24 with a small bullish candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.708. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising 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 XLE, XLF, XLI and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLI and XLY respectively.
Market Internals Market Sentiment is bullish. Market Breadth is sloping upwards showing more gainers than losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 133.02. Vix is at 18.06 and Vix Futures is at 18.57.
The Week Ahead The market remains bullish and continues to power upwards. Skew is normal. Vix and Vix futures have trended downwards. The Tom DeMark technical indicator is showing warning signals. The prognosis is the bulish market to continue but caution is advised.
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.
Indices Dow Transportation closed at 9608.30 with a bearish ‘inverted hammer’ candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 157.02. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 24207.16 with an inverted hammer candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 92.33. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1454.697 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 15.09. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 6668.5664 with a small inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 55.355. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500 closed at 2616.10 with a small inverted hammer above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range was 15.46. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Indices Dow Transportation closed at 9557.70 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 150.63. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 24065.59 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 211.21. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1445.22 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 13.09. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 6669.64 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 133.495. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500 closed at 2610.30 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 30.47. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Indices Dow Transportation closed at 9630.92 with a small bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 126.41. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 23909.84 with a small bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 230.71. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1432.81 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 16.076. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 6541.04 with a doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 88.755. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500 closed at 2582.61 with a doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 25.85. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Indices (Weekly chart) Dow Transportation closed at 9625.25 with a bullish candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 517.23. Intermediate Cycle is negative with falling slope. Short term cycle is negative with falling slope. Market direction:- Sell.
Dow Industrial closed at 23995.95 with a bullish candle on its 8 EMA and below its 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range was 713.19. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell.
Russell 2000 closed at 1447.3848 with a bullish marubozu candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 67.54. Intermediate Cycle is negative and falling. Short term cycle is negative and rising. Market direction:- Sell.
Nasdaq 100 closed at 6601.3953 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 218.08. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Sell.
S&P 500 closed at 2596.26 with a bullish marubozu candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 73.26. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Sell.
Indices Dow Transportation closed at 9624.70 with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 232.97. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 24001.92 with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 311.53. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1445.4324 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 21.24. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 6620.9417 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 107.57. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500 closed at 2596.64 with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 35.8. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Indices Dow Transportation closed at 9583.25 with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 168.98. Intermediate Cycle is negative and rising slope. Short Term Cycle is negative and rising slope. Market direction – Buy.
Dow Industrial closed at 23879.12 with a small doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 208.89. Intermediate Cycle is negative and rising slope. Short Term Cycle is negative and rising slope. Market direction – Buy.
Russell 2000 closed at 1438.8068 with a small bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 15.87. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.
Nasdaq 100 closed at 6600.6944 with a small spinning top candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 81.623. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500 closed at 2584.96 with a small spinning top doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 26.43. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Indices Dow Transportation gapped up and closed at 9447.85 with a doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 248.21. Intermediate Cycle is negative and rising slope. Short Term Cycle is negative and rising slope. Market direction – Buy.
Dow Industrial closed at 23787.45 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 333.3. Intermediate Cycle is negative and rising slope. Short Term Cycle is negative and rising slope. Market direction – Buy.
Russell 2000 closed at 1426.5521 with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 31.16. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.
Nasdaq 100 closed at 6551.8473 with a high closing doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 117.73. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.
S&P 500 closed at 2574.41 with a small high closing spinning top doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 32.26. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.
Indices Dow Transportation closed at 9296.23 with a bullish spinning top doji candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 213.15. Intermediate Cycle is negative and rising slope. Short Term Cycle is negative and rising slope. Market direction – Buy.
Dow Industrial closed at 23531.35 with a spinning top doji candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 386.15. Intermediate Cycle is negative and rising slope. Short Term Cycle is negative and rising slope. Market direction – Buy.
Russell 2000 closed at 1405.365 with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 31.16. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.
Nasdaq 100 closed at 6488.254 with a bullish ‘rolling pin’ candle above its 8 EMA and 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 108.465. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.
S&P 500 closed at 2549.69 with a bullish ‘rolling pin’ candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 41.6. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.
18 January 2019 – Weekly Review – Bulls won!
Indices (Weekly chart)
Dow Transportation closed at 10012.06 with a big bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 527.52. Intermediate Cycle is negative with falling slope. Short term cycle is negative with rising slope. Market direction:- Sell.
Dow Industrial closed at 24706.35 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Weekly trading range was 984.98. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Sell.
Russell 2000 closed at 1482.5011 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 55.897. Intermediate Cycle is negative and falling. Short term cycle is negative and rising. Market direction:- Sell.
Nasdaq 100 closed at 6784.61 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 303.59. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Sell.
S&P 500 closed at 2670.71 with a bullish marubozu candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 105.06. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Sell.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $53.99 per barrel with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Weekly trading range was 3.76. Intermediate Cycle is negative and falling slope. Short term cycle is negative and rising slope. Market direction:- Buy.
Gold futures (GC) closed at 1281.3 with a bearish candle above its 8 EMA, 21 EMA , 50 SMA and 200 SMA. Weekly trading range was 16.5. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 144’17 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Weekly trading range was 2.063. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.
High Yield bond ETF (HYG) closed at 84.50 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Weekly trading range was 1.12. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Buy.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 96.364 with a bullish candle on its 8 EMA and above its 21 EMA, 200 SMA, 50 SMA. Weekly trading range was 0.928. 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 1.1363 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range was 0.0136. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Buy.
USD/JPY closed at 109.76 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 1.902. Intermediate Cycle is positive and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell.
6S (Swiss Franc) closed at 1.0097 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range was 0.017. Intermediate Cycle is negative and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. It is in a monthly Squeeze.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLI and XLY respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLF, XLI and XLY respectively.
Market Internals
Market Sentiment is slightly bullish. Market Breadth is sloping upwards showing more gainers than losers. Volume Acc/Dis is sloping upwards showing accumulation. Skew is at 131.19. Vix is at 17.80 and Vix futures 18.25.
The Week Ahead
The indices continue to push upwards amidst intraday volatilities. Skew is normal. Vix and Vix futures continue to trend downwards. The prognosis is for continued bullishness in the market.
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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