The Academy of Stocks, Options, Futures and Forex (SOFF Academy) brings to you algorithmic trading and our latest development in the use of Artificial Intelligence (人工智能) for trading Stocks, Options, Futures and Forex. This is our way advancing the art of Technical Analysis and the proof of it is in our ability is an continuous uptrending Equity curve in our accounts.
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.
The Academy of Stocks, Options, Futures and Forex (SOFF Academy) has created our Artificial InteLLigence Heroine, LiLiHe (李丽鹤). The basic foundation behind LiliHe is the use of statistical analysis, fractals and waves momentum in Multi-TimeFrames. In greater details, it translate to Buying and Selling pressure using Pricing, Volume and Timing in multi-dimensions.
Fractals were made famous from the work done by Benoit Mandelbrot in Chaos Theory to describe the market seemingly random action. LiLiHe analyses and parses market data to seek out the superior market correlated signals in different timeframes. LiLiHe characterizes market conditions in the different timeframes and applies different algorithms as condition changes. The intent is to seek outsized returns of 50% – 200% in the markets (stocks, futures and forex) consistently.
I am the co-chair of the Malaysian Chapter of the Chartered Market Technicians Association. Please do not hesitate to contact me on jefftohch@gmail.com for any inquiries on training courses to take you to a long term journey to wealth!
16 July 2018 – Indices rolling over, World Trade disputes continue
Indices
Dow Transportation closed at 10435.52 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 275.68. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. It is in a weekly Squeeze.
Dow Industrial closed at 25064.36 with a small bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 92.77. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Buy. It is in a weekly Squeeze.
Russell 2000 closed at 1678.544 with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 15.98. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Neutral.
Nasdaq 100 closed at 7357.899 with a small bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 44.297. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500 closed at 2798.43 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.32. 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 $68 per barrel with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 3.29. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Gold futures (GC) closed at 1241 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7.5. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell.
Agriculture (DBA) ETF closed at 17.33 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.195. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell.
Commodities (DBC) ETF gapped down and closed at 16.67 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.22. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Bonds
Bond futures (/ZB) closed at 145’02 with a bearish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 1.0312. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Neutral.
High Yield bond ETF (HYG) gapped up and closed at 85.55 with a bearish candle above its 8 EMA, 21 EMA and on its 50 SMA. Daily trading range was 0.12. Intermediate Cycle is negative and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. It is in a weekly Squeeze.
Currency
The dollar index ($DXY) closed at 94.511 with a bearish candle intertwined between its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.366. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Neutral.
EUR/USD closed at 1.1710 with a small candle intertwined between its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0049. Intermediate Cycle is negative and rising slope. Short Cycle is positive and falling slope. Market direction: Neutral.
USD/JPY closed at 112.27 with a small inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.358. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
6S(Swiss Franc) – closed at 1.0031 with a bearish candle intertwined with its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.008. Intermediate Cycle is negative and flat. Short Cycle is negative and falling. Market direction: Neutral. It is in a daily Squeeze.
Relative Strength – Sectorsmonthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLV, XLK, XLY and XLF.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY, XLV and XLU respectively.
Market Internals
Market sentiment is bullish. Market breadth is sloping downwards showing more losers to gainers. Accumulation/ Distribution is sloping upwards showing nett accumulation. Skew is at 148.16. Vix is at 12.83 and Vix futures is at 12.98.
The Week Aheadjefftohch@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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