Bursa KLCI

Z5 Fri, 14 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 13 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 12 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 11 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 10 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 7 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 6 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 5 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 4 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 3 June 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri 31 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 30 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 29 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tues, 28 May 2024

28

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 27 May 2024 – Memorial Day

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 24 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Thur, 23 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Wed, 22 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Tue, 21 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Mon, 20 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

4 October 2018 – Pullbacks and Buyers

Indices
Dow Transportation closed at 11296.20 with a bearish candle below its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 157.12. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and falling slope. Market direction – Neutral. Fractal Bias – Bearish. It is in a daily Squeeze.

Dow Industrial closed at 26627.48 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 356.78. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction – Buy. Fractal Bias – Bullish.

Russell 2000 closed at 1646.911 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 27.63. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.

Nasdaq 100 closed at 7490.0036 with a big bearish candle below its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 201.164. 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 2901.61 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 41.6. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. Fractal Bias – Bearish.

Metals and Commodities
WTI Crude oil futures (CL) closed at $74.63 per barrel with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 2.59. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish. It is Overbought.

Gold futures (GC) closed at 1203.7 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 11.1. Intermediate Cycle is negative and flat. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Bearish. It is in a daily Squeeze.

Agriculture (DBA) ETF closed at 17.15 with a bearish marubozu candle above its 8 EMA, 21 EMA and on its 50 SMA. Daily trading range was 0.11. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.

Commodities (DBC) ETF closed at 18.34 with a bearish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.3. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish. It is Overbought.

Bonds
Bond futures (/ZB) closed at 138′ with a hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.03. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish. It is OverSold.

High Yield bond ETF (HYG) closed at 85.68 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.42. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.

Currency
The dollar index ($DXY) closed at 95.764 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.57. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.

EUR/USD closed at 1.1513 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0078. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.

USD/JPY closed at 113.87 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.914. Intermediate Cycle is positive and rising. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bullish. It is Overbought.

6S (Swiss Franc) – closed at 1.0146 with a bearish spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0043. Intermediate Cycle is negative and falling. Short Cycle is negative 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, XLU, XLI, XLV, XLF and XLK.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLI, XLV, XLE, XLK and XLF respectively.

Market Internals
Market sentiment is now neutral. Market breadth continues to deteriorate and is showing nett losers to gainers. Volume Accumulation/ Distribution is sloping downwards showing nett distribution. Skew is at 136.73. Vix is at 14.22 and Vix futures is at 14.62.

The Week Ahead
Dow Transportation and the Russell 2000 did lead the market down. Market breadth has deteriorated and there is a distribution as shown in the Volume Accumulation/Distribution indicator. Skew is normal. Vix is showing immediate fear but Vix futures is not showing near term fear. The prognosis is for a short term pullback.

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.


Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>