Indices
Dow Transportation closed at 10615.30 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 318.85. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy. Fractal Bias – Bullish.
Dow Industrial closed at 25080.50 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and on its 200 SMA. Daily trading range was 566.77. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1524.1224 with a bullish candle pattern below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 32.64. Intermediate Cycle is negative and rising. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bullish.
Nasdaq 100 closed at 6890.447 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 206.40. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2730.20 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 64.63. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bullish.
Metals and Commodities
WTI Crude oil futures (CL) closed at $56.78 per barrel with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.68. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Gold futures (GC) closed at 1213.9 with a spinning top doji candle below its 8 EMA, 21 EMA, 200 SMA and on its 50 SMA. Daily trading range was 9.9. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish. It is in a weekly Squeeze.
Agriculture (DBA) ETF closed at 17.24 with an ‘inverted hammer’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.185. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish. It is in a weekly Squeeze.
Commodities (DBC) ETF closed at 16.02 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.18. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Bonds
Bond futures (/ZB) closed at 138’26 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.875. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
High Yield bond ETF (HYG) gapped down and closed at 83.52 with a bullish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.55. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias- Bearish.
Currency
The dollar index ($DXY) closed at 97.103 with a ‘rolling pin’ candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.622. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish. It is in a Weekly Squeeze.
EUR/USD closed at 1.1325 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0091. Intermediate Cycle is negative and falling. Short Cycle is negative and rising. Market direction: Sell. Fractal Bias – Bearish.
USD/JPY closed at 113.62 with a doji candle on its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.714. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bullish.
6S (Swiss Franc) – closed at 0.9961 with a doji candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0043. Intermediate Cycle is negative and rising. Short Cycle is negative and rising. Market direction: Sell. 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 XLB, XLI, XLF, XLY, XLV and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLP, XLI, XLF, XLY, XLV and XLU respectively.
Market Internals
Market Sentiment is neutral. Market Breadth is about flat with a shallow rising slope showing slightly more gainers to losers. Volume Accumulation/Distribution is sloping slightly upwards which means the market is in slight accumulation mode. Vix is at 20.12. Vix futures is at 19.55. Skew is at 120.76.
The Week Ahead
Market internals are has a slight bullish bias. Skew is normal. Vix has increased to above 20 while Vix futures is below 20. It is in backwardation with the expectation that the volatility is short-term. The prognosis is the market is uncertain which way it wants to move.
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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15 November 2018 – Are the indices turning upwards?
Indices
Dow Transportation closed at 10615.30 with a bullish candle above its 8 EMA and 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 318.85. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy. Fractal Bias – Bullish.
Dow Industrial closed at 25080.50 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and on its 200 SMA. Daily trading range was 566.77. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1524.1224 with a bullish candle pattern below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 32.64. Intermediate Cycle is negative and rising. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bullish.
Nasdaq 100 closed at 6890.447 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 206.40. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2730.20 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 64.63. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bullish.
Metals and Commodities
WTI Crude oil futures (CL) closed at $56.78 per barrel with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.68. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Gold futures (GC) closed at 1213.9 with a spinning top doji candle below its 8 EMA, 21 EMA, 200 SMA and on its 50 SMA. Daily trading range was 9.9. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish. It is in a weekly Squeeze.
Agriculture (DBA) ETF closed at 17.24 with an ‘inverted hammer’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.185. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish. It is in a weekly Squeeze.
Commodities (DBC) ETF closed at 16.02 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.18. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Bonds
Bond futures (/ZB) closed at 138’26 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.875. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
High Yield bond ETF (HYG) gapped down and closed at 83.52 with a bullish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.55. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias- Bearish.
Currency
The dollar index ($DXY) closed at 97.103 with a ‘rolling pin’ candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.622. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish. It is in a Weekly Squeeze.
EUR/USD closed at 1.1325 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0091. Intermediate Cycle is negative and falling. Short Cycle is negative and rising. Market direction: Sell. Fractal Bias – Bearish.
USD/JPY closed at 113.62 with a doji candle on its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.714. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bullish.
6S (Swiss Franc) – closed at 0.9961 with a doji candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0043. Intermediate Cycle is negative and rising. Short Cycle is negative and rising. Market direction: Sell. 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 XLB, XLI, XLF, XLY, XLV and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLP, XLI, XLF, XLY, XLV and XLU respectively.
Market Internals
Market Sentiment is neutral. Market Breadth is about flat with a shallow rising slope showing slightly more gainers to losers. Volume Accumulation/Distribution is sloping slightly upwards which means the market is in slight accumulation mode. Vix is at 20.12. Vix futures is at 19.55. Skew is at 120.76.
The Week Ahead
Market internals are has a slight bullish bias. Skew is normal. Vix has increased to above 20 while Vix futures is below 20. It is in backwardation with the expectation that the volatility is short-term. The prognosis is the market is uncertain which way it wants to move.
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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