Indices
Dow Transportation closed at 11311.14 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 124.51. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Sell. Fractal Bias – Sell.
Dow Industrial closed at 26492.21 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 159.27. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1708.805 with a bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 6.76. Intermediate Cycle is positive and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish. It is in a daily Squeeze.
Nasdaq 100 closed at 7563.1999 with a bullish spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 42.98. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
S&P 500 closed at 2915.56 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.25. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bullish.
Metals and Commodities
WTI Crude oil futures (CL) closed at $72.08 per barrel with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.89. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Buy.
Gold futures (GC) closed at 1205.7 with a bullish candle intertwined with its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 6.6. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Bearish.
Agriculture (DBA) ETF closed at 16.98 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.13. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Neutral.
Commodities (DBC) ETF closed at 17.79 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
Bonds
Bond futures (/ZB) closed at 139’28 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.5. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
High Yield bond ETF (HYG) closed at 86.13 with a doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 0.11. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Currency
The dollar index ($DXY) closed at 94.144 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.53. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
EUR/USD closed at 1.1765 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0061. Intermediate Cycle is positive and rising. Short Cycle is positive and rising. Market direction: Buy. Fractal Bias – Bullish.
USD/JPY closed at 112.965 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.233. Intermediate Cycle is positive and rising. Short Cycle is positive and rising slope. Market direction: Buy. It is in a Weekly Squeeze. Fractal Bias – Bullish.
6S (Swiss Franc) – closed at 1.044 with a doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.0038. Intermediate Cycle is positive and falling. Short Cycle is positive and falling. Market direction: Neutral. 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 XLE, XLV, XLI and XLK.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XL and XLK respectively.
Market Internals
Market sentiment is Bullish. Market breadth is sloping downwards showing nett losers to gainers. Volume Accumulation/ Distribution is sloping downwards showing nett distribution. Skew is at 137.68. Vix is at 12.42 and Vix futures is at 14.00.
The Week Ahead
Market internals have turned and is now bearish. Vix is above 12 and Vix futures remains about the same meaning no increase in volatility is expected in the near future. Skew is normal. There is likely to be a FED hike in interest rate and we should see some volatility by the end of the week.
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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25 September 2018 – Trade Wars, Interest rates hike
Indices
Dow Transportation closed at 11311.14 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 124.51. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Sell. Fractal Bias – Sell.
Dow Industrial closed at 26492.21 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 159.27. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1708.805 with a bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 6.76. Intermediate Cycle is positive and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish. It is in a daily Squeeze.
Nasdaq 100 closed at 7563.1999 with a bullish spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 42.98. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
S&P 500 closed at 2915.56 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.25. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bullish.
Metals and Commodities
WTI Crude oil futures (CL) closed at $72.08 per barrel with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.89. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Buy.
Gold futures (GC) closed at 1205.7 with a bullish candle intertwined with its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 6.6. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Bearish.
Agriculture (DBA) ETF closed at 16.98 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.13. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Neutral.
Commodities (DBC) ETF closed at 17.79 with a doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
Bonds
Bond futures (/ZB) closed at 139’28 with a high closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.5. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
High Yield bond ETF (HYG) closed at 86.13 with a doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 0.11. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Currency
The dollar index ($DXY) closed at 94.144 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.53. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
EUR/USD closed at 1.1765 with a spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0061. Intermediate Cycle is positive and rising. Short Cycle is positive and rising. Market direction: Buy. Fractal Bias – Bullish.
USD/JPY closed at 112.965 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.233. Intermediate Cycle is positive and rising. Short Cycle is positive and rising slope. Market direction: Buy. It is in a Weekly Squeeze. Fractal Bias – Bullish.
6S (Swiss Franc) – closed at 1.044 with a doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.0038. Intermediate Cycle is positive and falling. Short Cycle is positive and falling. Market direction: Neutral. 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 XLE, XLV, XLI and XLK.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XL and XLK respectively.
Market Internals
Market sentiment is Bullish. Market breadth is sloping downwards showing nett losers to gainers. Volume Accumulation/ Distribution is sloping downwards showing nett distribution. Skew is at 137.68. Vix is at 12.42 and Vix futures is at 14.00.
The Week Ahead
Market internals have turned and is now bearish. Vix is above 12 and Vix futures remains about the same meaning no increase in volatility is expected in the near future. Skew is normal. There is likely to be a FED hike in interest rate and we should see some volatility by the end of the week.
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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