Indices (Weekly chart)
Dow Transportation closed at 10820.20 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 465.73. Intermediate Cycle is negative with falling slope. Short term cycle is negative with rising slope. Market direction:- Sell. Fractal Bias – Bullish.
Dow Industrial closed at 25538.46 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1263.76. Intermediate Cycle is positive and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1533.2663 with a big bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 48.797. Intermediate Cycle is negative and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 6949.0139 with a big bullish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 423.7803. Intermediate Cycle is negative and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
S&P 500 closed at 2760.17 with a big bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 128.32. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $50.72 per barrel with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 3.15. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Gold futures (GC) closed at 1227.8 with a spinning top doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 23.5. Intermediate Cycle is negative and rising. Short term cycle is negative and rising. Market direction:- Buy. Fractal Bias – Bullish.
Agriculture (DBA) ETF closed at 17.29 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.33. Intermediate Cycle is negative and rising. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bullish.
Commodities (DBC) ETF closed at 15.30 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.93. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 140’09 with a small dragonfly doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 1.4687. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
High Yield bond ETF (HYG) closed at 83.60 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.18. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 97.197 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.912. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish. It is in a Squeeze.
EUR/USD closed at 1.1314 with a small spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0134. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
USD/JPY closed at 113.45 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.1619. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Sell. Fractal Bias – Bullish.
6S (Swiss Franc) closed at 1.0032 with a small spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.009. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish. It is in monthly Squeeze.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLY, XLK, XLU and XLI respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLB, XLP, XLI, XLU, XLF, XLY and XLK respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping upwards showing more gainers than losers. Volume Acc/Dis is sloping slightly upwards showing accumulation. Skew is at 114.71. Vix is at 18.07 and Vix futures 17.65.
The Week Ahead
Market internals have strengthened. Vix and Vix futures are trending lower. Skew is normal. The prognosis is for an uptrend and the expectation for a deal at the G20 summit.
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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30 November 2018 – Great expectation
Indices (Weekly chart)
Dow Transportation closed at 10820.20 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 465.73. Intermediate Cycle is negative with falling slope. Short term cycle is negative with rising slope. Market direction:- Sell. Fractal Bias – Bullish.
Dow Industrial closed at 25538.46 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1263.76. Intermediate Cycle is positive and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1533.2663 with a big bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 48.797. Intermediate Cycle is negative and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 6949.0139 with a big bullish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 423.7803. Intermediate Cycle is negative and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
S&P 500 closed at 2760.17 with a big bullish marubozu candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 128.32. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $50.72 per barrel with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 3.15. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Gold futures (GC) closed at 1227.8 with a spinning top doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 23.5. Intermediate Cycle is negative and rising. Short term cycle is negative and rising. Market direction:- Buy. Fractal Bias – Bullish.
Agriculture (DBA) ETF closed at 17.29 with a small bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.33. Intermediate Cycle is negative and rising. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bullish.
Commodities (DBC) ETF closed at 15.30 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.93. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 140’09 with a small dragonfly doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 1.4687. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
High Yield bond ETF (HYG) closed at 83.60 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.18. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 97.197 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.912. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish. It is in a Squeeze.
EUR/USD closed at 1.1314 with a small spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0134. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
USD/JPY closed at 113.45 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.1619. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Sell. Fractal Bias – Bullish.
6S (Swiss Franc) closed at 1.0032 with a small spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.009. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish. It is in monthly Squeeze.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLY, XLK, XLU and XLI respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLB, XLP, XLI, XLU, XLF, XLY and XLK respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping upwards showing more gainers than losers. Volume Acc/Dis is sloping slightly upwards showing accumulation. Skew is at 114.71. Vix is at 18.07 and Vix futures 17.65.
The Week Ahead
Market internals have strengthened. Vix and Vix futures are trending lower. Skew is normal. The prognosis is for an uptrend and the expectation for a deal at the G20 summit.
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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