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Z5 Fri, 26 January 2024

Z5 Daily
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Z5 Thur, 25 January 2024

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Z5 Wed, 24 January 2024

Z5 Daily
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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

Z5 Daily
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29 November 2018 – G20 and Uncertainty in the market

Indices
Dow Transportation closed at 10679.80 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 129.96. 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 25338.84 with a doji candle above its 8 EMA, 21 EMA and 200 SMA and below its 50 SMA. Daily trading range was 276.25. Intermediate Cycle is negative and rising slope. Short Term Cycle is negative and rising slope. Market direction – Sell. Fractal Bias – Bullish.

Russell 2000 closed at 1525.3872 with a bearish spinning top doji candle above its 8 EMA, 21 EMA and below 50 SMA and 200 SMA. Daily trading range was 20.056. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Bullish.

Nasdaq 100 closed at 6892.3997 with a doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 98.57. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Bullish.

S&P 500 closed at 2737.76 with a doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 30.81. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Bullish.

Metals and Commodities
WTI Crude oil futures (CL) closed at $51.59 per barrel with a bullish ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.79. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish.

Gold futures (GC) closed at 1229.8 with bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 8.2. Intermediate Cycle is positive and rising slope. Short Cycle is positive and flat. Market direction: Buy. Fractal Bias – Bullish. It is in a weekly Squeeze.

Agriculture (DBA) ETF closed at 17.29 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.11. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish. It is in a weekly Squeeze.

Commodities (DBC) ETF closed at 15.36 with an inverted hammer candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.19. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish.

Bonds
Bond futures (/ZB) closed at 139’17 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 1.156. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bullish.

High Yield bond ETF (HYG) closed at 83.77 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.35. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias- Bullish.

Currency
The dollar index ($DXY) closed at 96.787 with a spinning top doji candle below its 8 EMA and above its 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.379. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bearish. It is in a daily and Weekly Squeeze.

EUR/USD closed at 1.1392 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.0052. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bullish.

USD/JPY closed at 113.47 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.486. 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 1.0051 with a bearish candle on its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.006. Intermediate Cycle is negative and rising. Short Cycle is positive and rising. 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 XLY, XLK, XLV, XLE and XLB.

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

Market Internals
Market Sentiment is bullish. Market Breadth is sloping upwards showing more gainers than losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 115.49. Vix is at 18.79 and Vix Futures is at 18.55.

The Week Ahead
Market internals are showing strength. Skew is normal, Vix and Vix futures are both above 18. The market is waiting for the outcome from the G-20 meeting in Argentina for its next direction. The prognosis is for volatility and a potential bullish move as we move into the December month.

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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