13 December 2018 – Market indecision, where to from here?
Indices Dow Transportation closed at 9672.74 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 262.79. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Sell.
Dow Industrial closed at 24597.38 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 267.67. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Sell.
Russell 2000 closed at 1432.7001 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 28.87. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Sell.
Nasdaq 100 closed at 6767.9735 with a ‘rolling pin’ candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 109.74. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Buy.
S&P 500 closed at 2650.54 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 32.92. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Sell.
Metals and Commodities WTI Crude oil futures (CL) closed at $52.85 per barrel with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.92. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Buy.
Gold futures (GC) closed at 1246.3 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 7.3. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Buy. It is in a weekly Squeeze.
Agriculture (DBA) ETF closed at 17.41 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.15. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Buy. It is in a daily and weekly Squeeze.
Commodities (DBC) ETF closed at 15.69 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.29. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Buy.
Bonds Bond futures (/ZB) closed at 142’11 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.7187. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Buy.
High Yield bond ETF (HYG) closed at 83.51 with a low closing doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.29. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias- Buy.
Currency The dollar index ($DXY) closed at 97.093 with a spinning top doji candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.414. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Sell. It is in a daily and Weekly Squeeze.
EUR/USD closed at 1.1359 with a spinning top doji candle on its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.0062. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Buy.
USD/JPY closed at 113.60 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.51. Intermediate Cycle is positive and slight rising slope. Short Cycle is positive and slight rising slope. Market direction: Buy. Fractal Bias – Buy.
6S (Swiss Franc) – closed at 1.006 with a ‘rolling pin’ candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0043. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLK, XLV, XLY, XLE and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLV, XLK, XLY, XLB and XLE respectively.
Market Internals Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is slightly sloping upwards and showing accumulation. Skew is at 117.03. Vix is at 20.65 and Vix Futures is at 21.20.
The Week Ahead Market internals are showing mixed signals. Skew is normal, Vix and Vix futures are elevated and above 20 and 21 respectively. The market is undecided. The prognosis is for a continuing volatile market with big swings up and down.
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.
13 December 2018 – Market indecision, where to from here?
Indices
Dow Transportation closed at 9672.74 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 262.79. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Sell.
Dow Industrial closed at 24597.38 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 267.67. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Sell.
Russell 2000 closed at 1432.7001 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 28.87. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Sell.
Nasdaq 100 closed at 6767.9735 with a ‘rolling pin’ candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 109.74. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Buy.
S&P 500 closed at 2650.54 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 32.92. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $52.85 per barrel with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.92. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Buy.
Gold futures (GC) closed at 1246.3 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 7.3. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Buy. It is in a weekly Squeeze.
Agriculture (DBA) ETF closed at 17.41 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.15. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Buy. It is in a daily and weekly Squeeze.
Commodities (DBC) ETF closed at 15.69 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.29. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Buy.
Bonds
Bond futures (/ZB) closed at 142’11 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.7187. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Buy.
High Yield bond ETF (HYG) closed at 83.51 with a low closing doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.29. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias- Buy.
Currency
The dollar index ($DXY) closed at 97.093 with a spinning top doji candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.414. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Sell. It is in a daily and Weekly Squeeze.
EUR/USD closed at 1.1359 with a spinning top doji candle on its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.0062. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Buy.
USD/JPY closed at 113.60 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.51. Intermediate Cycle is positive and slight rising slope. Short Cycle is positive and slight rising slope. Market direction: Buy. Fractal Bias – Buy.
6S (Swiss Franc) – closed at 1.006 with a ‘rolling pin’ candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0043. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLK, XLV, XLY, XLE and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLV, XLK, XLY, XLB and XLE respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is slightly sloping upwards and showing accumulation. Skew is at 117.03. Vix is at 20.65 and Vix Futures is at 21.20.
The Week Ahead
Market internals are showing mixed signals. Skew is normal, Vix and Vix futures are elevated and above 20 and 21 respectively. The market is undecided. The prognosis is for a continuing volatile market with big swings up and down.
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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