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.
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19 September 2018 – Indices continue the surge upwards
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.
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