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Z5 Fri, 26 January 2024

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Z5 Thur, 25 January 2024

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Z5 Wed, 24 January 2024

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Z5 Tues, 23 January 2024

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Z5 Mon, 22 January 2024

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Z5 Fri, 19 January 2024

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Z5 Thur, 18 January 2024

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Z5 Wed, 17 January 2024

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Z5 Tues, 16 January 2024

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Z5 Fri, 12 January 2024

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Z5 Thur, 11 January 2024

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Z5 Wed, 10 January 2024

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Z5 Tue, 9 January 2024

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Z5 Mon, 8 January 2024

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Z5 Fri, 5 January 2024

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Z5 Thur, 4 January 2024

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Z5 Wed, 3 January 2024

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Z5 Tue, 2 January 2024

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Z5 Fri, 29 December 2023

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Z5 Thur, 28 December 2023

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Z5 Wed, 27 December 2023

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Z5 Tue, 26 December 2023

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27 September 2018 – Volatility increases in market!

Indices
Dow Transportation closed at 11384.24 with a low closing doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 83.49. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Sell.

Dow Industrial closed at 26439.93 with a low closing spinning top doji candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 177.06. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction – Buy. Fractal Bias – Bullish.

Russell 2000 closed at 1690.5265 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 7.431. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.

Nasdaq 100 closed at 7629.5724 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 94.72. 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 2914.00 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 21.25. 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 $72.19 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 1186.4 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 17. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.

Agriculture (DBA) ETF closed at 16.89 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.11. 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 17.79 with a bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.09. 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 140’21 with a doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 0.8437. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish.

High Yield bond ETF (HYG) closed at 86.38 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.18. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Neutral.

Currency
The dollar index ($DXY) closed at 94.987 with a big bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.796. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Bearish.

EUR/USD closed at 1.1640 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0118. Intermediate Cycle is positive and rising. Short Cycle is positive and falling. Market direction: Sell. Fractal Bias – Neutral.

USD/JPY closed at 113.35 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.906. Intermediate Cycle is positive and rising. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish. It is in a Weekly Squeeze.

6S (Swiss Franc) – closed at 1.0308 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0143. Intermediate Cycle is positive and falling. Short Cycle is positive and falling. Market direction: Sell. Fractal Bias – Bearish.

Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLE, XLV, XLK, XLI and XLY.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLI, XLK and XLY 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 142.10. Vix is at 12.74 and Vix futures is at 14.38.

The Week Ahead
Market internals are weakening. Skew is normal. Vix has risen to above 12 but Vix futures has remain about the same. This could mean that the market is pricing the small pullback to be a temporary phase. Skew is above normal threshold. The prognosis is be cautious and be prepared for 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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