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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Background
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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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Indices (Weekly chart) Dow Transportation closed at 11532.56 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 216.07. Intermediate Cycle is positive with rising slope. Short term cycle is positive with rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Dow Industrial closed at 26743.50 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 738.81. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1712.3158 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 23.867. Intermediate Cycle is positive and falling. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.
Nasdaq 100 closed at 7531.072 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 176.07. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.
S&P 500 closed at 2929.67 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 54.75. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $70.71 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 3.51. Intermediate Cycle is positive and falling slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Neutral.
Gold futures (GC) closed at 1203.3 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 19.8. Intermediate Cycle is negative and falling. Short term cycle is negative and rising. Market direction:- Sell. Fractal Bias – Bearish.
Agriculture (DBA) ETF closed at 17.08 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.28. Intermediate Cycle is negative and falling. Short term cycle is negative and rising. Market direction:- Sell. Fractal Bias – Bearish.
Commodities (DBC) ETF closed at 17.49 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.469. Intermediate Cycle is positive and falling slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 140’15 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.25. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. It is in a Squeeze. Fractal Bias – Bearish.
High Yield bond ETF (HYG) closed at 86.24 with a spinning top doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 0.43. Intermediate Cycle is negative and rising slope. Short term cycle is positive and rising slope. Market direction:- Neutral. It is in a Squeeze. Fractal Bias – Bullish.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 94.216 with a bearish marubozu candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Weekly trading range was 1.164. Intermediate Cycle is positive and falling slope. Short term cycle is positive and falling slope. Market direction:- Sell. It is in a Weekly Squeeze. Fractal Bias – Bullish.
EUR/USD closed at 1.1751 with a bullish marubozu candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 0.0184. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
USD/JPY closed at 112.54 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.209. Intermediate Cycle is positive and rising. Short term cycle is positive and rising. Market direction:- Buy. It is in a monthly Squeeze. Fractal Bias – Bullish.
6S (Swiss Franc) closed at 1.0515 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0169. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. It is in monthly Squeeze. Fractal Bias – Bullish.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLE, XLB, XLV, XLP and XLF respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLI and XLF respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is sloping upwards showing accumulation. Skew is at 141.55. Vix is at 11.68 and Vix futures 14.3.
The Week Ahead
Market internals are sending mix message. Market breadth is weakening with more losers than gainers and accumulation is gathering on fewer and fewer stocks. Vix is below 12 and Vix futures is above 14 which means that traders are prepared for near term volatility. Skew is back to normal level. The prognosis is for a near term volatile market with a bullish bias.
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 11513.66 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 90.93. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Neutral. Fractal Bias – Bullish.
Dow Industrial closed at 26405.76 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 217.45. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1702.9336 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 16.5834. Intermediate Cycle is positive and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7490.3231 with a high closing doji candle on its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 71.78. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Neutral.
S&P 500 closed at 2907.95 with a small doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 8.54. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
Metals and Commodities
WTI Crude oil futures (CL) closed at $71.02 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.71. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Neutral.
Gold futures (GC) closed at 1202.9 with a bearish candle intertwined with its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 8.8. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
Agriculture (DBA) ETF closed at 16.97 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Neutral.
Commodities (DBC) ETF closed at 17.45 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.14. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
Bonds
Bond futures (/ZB) closed at 140’12 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.0. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
High Yield bond ETF (HYG) closed at 86.10 with a bearish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.21. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bearish.
Currency
The dollar index ($DXY) closed at 94.545 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.407. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
EUR/USD closed at 1.1671 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0064. Intermediate Cycle is positive and rising. Short Cycle is positive and rising. Market direction: Buy. Fractal Bias – Bullish.
USD/JPY closed at 112.25 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.285. Intermediate Cycle is positive and rising. Short Cycle is positive and rising slope. Market direction: Buy. It is in a daily and Weekly Squeeze. Fractal Bias – Bullish.
6S (Swiss Franc) – closed at 1.0425 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0071. Intermediate Cycle is positive and rising. Short Cycle is positive and falling. Market direction: Buy. Fractal Bias – Bullish.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLE, XLB, XLY, XLV, XLF and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLI, XLF, XLY and XLK respectively.
Market Internals
Market sentiment is Bullish. Market breadth continues to slope downward showing more losers than gainers. Volume Accumulation/ Distribution is sloping upward showing nett accumulation. Skew is at 145.19. Vix is at 11.75 and Vix futures is at 14.40.
The Week Ahead
Vix has gone down but Vix future remain above 14 signalling that the market is prepared for near term volatility. Market internals continue to signal divergence. The prognosis is for near term volatility.
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 11514.94 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 149.92. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Neutral. Fractal Bias – Bullish.
Dow Industrial closed at 26246.96 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 255.22. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1710.971 with a bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 11.3705. Intermediate Cycle is positive and falling. Short Cycle is negative and falling. Market direction: Neutral. Fractal Bias – Bearish.
Nasdaq 100 closed at 7494.3994 with a bullish candle on its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 96.47. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Neutral. Fractal Bias – Neutral.
S&P 500 closed at 2904.31 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 22.37. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bullish.
Metals and Commodities
WTI Crude oil futures (CL) closed at $69.45 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.88. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Neutral.
Gold futures (GC) closed at 1202.9 with a bearish candle intertwined with its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 7.9. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Bullish.
Agriculture (DBA) ETF closed at 16.89 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.09. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Neutral.
Commodities (DBC) ETF closed at 17.34 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.24. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bullish.
Bonds
Bond futures (/ZB) closed at 140’16 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.5. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
High Yield bond ETF (HYG) closed at 86.26 with a bearish spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.12. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bearish.
Currency
The dollar index ($DXY) closed at 94.61 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.414. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
EUR/USD closed at 1.1663 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0072. Intermediate Cycle is positive and rising. Short Cycle is positive and rising. Market direction: Buy. Fractal Bias – Bullish.
USD/JPY closed at 112.34 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.726. Intermediate Cycle is positive and rising. Short Cycle is positive and rising slope. Market direction: Buy. It is in a daily and Weekly Squeeze. Fractal Bias – Bullish.
6S (Swiss Franc) – closed at 1.0451 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.006. Intermediate Cycle is positive and rising. Short Cycle is positive and rising. Market direction: Buy. Fractal Bias – Bullish.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLE, XLY, XLV, XLB, XLK, XLU and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLI, XLU, XLK and XLY respectively.
Market Internals
Market sentiment is Bullish. Market breadth is sloping downward showing more losers than gainers. Volume Accumulation/ Distribution is sloping upward showing nett accumulation. Skew is at 151.37. Vix is at 12.79 and Vix futures is at 14.70.
The Week Ahead
Vix has gone up to 12.79 and Vix futures is at 14.66. Vix futures is signalling near term fear. Skew is extremely elevated and is another indication of how stretched the market is. Market internals are giving mixed signals. The prognosis is for more market volatility..
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 11468.73 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 161.66. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Neutral. Fractal Bias – Bullish.
Dow Industrial closed at 26062.12 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 154.12. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction – Buy. Fractal Bias – Bearish.
Russell 2000 closed at 1703.5481 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 19.57. Intermediate Cycle is positive and falling. Short Cycle is negative and falling. Market direction: Neutral. Fractal Bias – Neutral.
Nasdaq 100 closed at 7434.73 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 117.71. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Neutral. Fractal Bias – Bullish.
S&P 500 closed at 2888.80 with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 18.82. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bullish.
Indices (Weekly chart) Dow Transportation closed at 11570.67 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 276.04. Intermediate Cycle is positive with rising slope. Short term cycle is positive with rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Dow Industrial closed at 26154.67 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 456.79. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1721.7195 with a small spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 21.92. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.
Nasdaq 100 closed at 7545.496 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 179.58. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.
S&P 500 closed at 2904.98 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 41.52. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Indices Dow Transportation closed at 11462.27 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 127.22. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and falling slope. Market direction – Buy. Fractal Bias – Bullish.
Dow Industrial closed at 26145.99 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 192.72. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Bullish. Fractal Bias – Bullish.
Russell 2000 closed at 1714.3199 with a spinning top doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 10.6745. Intermediate Cycle is positive and falling. Short Cycle is positive and falling. Market direction: Sell. Fractal Bias – Bullish.
Nasdaq 100 gapped up and closed at 7561.69 with a bullish candle above its 8 EMA, 21 EMA and above its 50 SMA. Daily trading range was 90.7. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Neutral. Fractal Bias – Bullish.
S&P 500 gapped up and closed at 2904.18 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 17.84. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
Indices Dow Transportation closed at 11512.02 with an inverted hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 100.84. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy. Fractal Bias – Bullish.
Dow Industrial closed at 25998.92 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 216.29. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction – Neutral. Fractal Bias – Neutral.
Russell 2000 closed at 1715.6965 with a hammer candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 14.875. Intermediate Cycle is positive and falling. Short Cycle is positive and falling. Market direction: Sell. Fractal Bias – Bullish.
Nasdaq 100 closed at 7488.0646 with a hammer candle intertwined with its its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 84.96. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. Fractal Bias – Bullish.
S&P 500 closed at 2888.92 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 15.45. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Neutral. Fractal Bias – Bullish.
Indices Dow Transportation closed at 11534.57 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 75.17. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Bullish. Fractal Bias – Bullish.
Dow Industrial closed at 25971.06 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 265.6. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction – Sell. It is in a weekly Squeeze. Fractal Bias – Neutral.
Russell 2000 closed at 1718.4039 with a spinning top doji candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 13.1557. Intermediate Cycle is positive and falling. Short Cycle is positive and falling. Market direction: Sell. Fractal Bias – Bullish.
Nasdaq 100 closed at 7507.8722 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 117.73. Intermediate Cycle is negative and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. Fractal Bias – Buy.
S&P 500 closed at 2887.89 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 25.74. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. Fractal Bias – Bullish.
Indices (Weekly chart) Dow Transportation closed at 11347.54 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 197.51. Intermediate Cycle is positive with rising slope. Short term cycle is positive with rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Dow Industrial closed at 25916.54 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 267.73. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1713.1799 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 34.155. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.
Nasdaq 100 closed at 7430.2607 with a big bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 242.46. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.
S&P 500 closed at 2871.68 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 36.06. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Indices Dow Transportation closed at 11367.29 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 85.13. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Neutral. Fractal Bias – Bullish.
Dow Industrial closed at 25995.87 with a bearish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 35.39. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction – Neutral. It is in a weekly Squeeze. Fractal Bias – Bullish.
Russell 2000 closed at 1714.4678 with a bearish marubozu candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 1.24. Intermediate Cycle is positive and rising. Short Cycle is positive and rising. Market direction: Neutral. Fractal Bias – Bullish.
Nasdaq 100 closed at 7453.1672 with a bearish candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Daily trading range was 7.57. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Neutral.
S&P 500 closed at 2878.05 with a bearish marubozu candle on its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 3.28. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
21 September 2018 – A good week for indices and off to all-time highs
Indices (Weekly chart)
Dow Transportation closed at 11532.56 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 216.07. Intermediate Cycle is positive with rising slope. Short term cycle is positive with rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Dow Industrial closed at 26743.50 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 738.81. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1712.3158 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 23.867. Intermediate Cycle is positive and falling. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.
Nasdaq 100 closed at 7531.072 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 176.07. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.
S&P 500 closed at 2929.67 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 54.75. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $70.71 per barrel with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 3.51. Intermediate Cycle is positive and falling slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Neutral.
Gold futures (GC) closed at 1203.3 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 19.8. Intermediate Cycle is negative and falling. Short term cycle is negative and rising. Market direction:- Sell. Fractal Bias – Bearish.
Agriculture (DBA) ETF closed at 17.08 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.28. Intermediate Cycle is negative and falling. Short term cycle is negative and rising. Market direction:- Sell. Fractal Bias – Bearish.
Commodities (DBC) ETF closed at 17.49 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.469. Intermediate Cycle is positive and falling slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 140’15 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 2.25. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. It is in a Squeeze. Fractal Bias – Bearish.
High Yield bond ETF (HYG) closed at 86.24 with a spinning top doji candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 0.43. Intermediate Cycle is negative and rising slope. Short term cycle is positive and rising slope. Market direction:- Neutral. It is in a Squeeze. Fractal Bias – Bullish.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 94.216 with a bearish marubozu candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Weekly trading range was 1.164. Intermediate Cycle is positive and falling slope. Short term cycle is positive and falling slope. Market direction:- Sell. It is in a Weekly Squeeze. Fractal Bias – Bullish.
EUR/USD closed at 1.1751 with a bullish marubozu candle above its 8 EMA and 21 EMA and below its 50 SMA. Weekly trading range was 0.0184. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
USD/JPY closed at 112.54 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.209. Intermediate Cycle is positive and rising. Short term cycle is positive and rising. Market direction:- Buy. It is in a monthly Squeeze. Fractal Bias – Bullish.
6S (Swiss Franc) closed at 1.0515 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0169. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. It is in monthly Squeeze. Fractal Bias – Bullish.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLE, XLB, XLV, XLP and XLF respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLI and XLF respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is sloping upwards showing accumulation. Skew is at 141.55. Vix is at 11.68 and Vix futures 14.3.
The Week Ahead
Market internals are sending mix message. Market breadth is weakening with more losers than gainers and accumulation is gathering on fewer and fewer stocks. Vix is below 12 and Vix futures is above 14 which means that traders are prepared for near term volatility. Skew is back to normal level. The prognosis is for a near term volatile market with a bullish bias.
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