Bursa KLCI

Z5 Fri, 14 June 2024

Z5 Daily
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Z5 Thur, 13 June 2024

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Z5 Wed, 12 June 2024

Z5 Daily
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Z5 Tue, 11 June 2024

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Z5 Mon, 10 June 2024

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Z5 Fri, 7 June 2024

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Z5 Thur, 6 June 2024

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Z5 Wed, 5 June 2024

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Z5 Tue, 4 June 2024

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Z5 Mon, 3 June 2024

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Z5 Fri 31 May 2024

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Z5 Thur, 30 May 2024

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Z5 Wed, 29 May 2024

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Z5 Tues, 28 May 2024

28

Z5 Daily
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Z5 Mon, 27 May 2024 – Memorial Day

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Z5 Fri, 24 May 2024

Bursa Daily
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Z5 Thur, 23 May 2024

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Z5 Wed, 22 May 2024

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Z5 Tue, 21 May 2024

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Z5 Mon, 20 May 2024

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18 December 2018 – A lump of coal for Christmas

Indices
Dow Transportation closed at 9445.47 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 159.74. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. 

Dow Industrial closed at 23675.64 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 411.75. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. 

Russell 2000 closed at 1377.1759 with an inverted hammer candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 25.72. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 6491.5163 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 116.45. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.

S&P 500 closed at 2546.16 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 45.28. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $46.24 per barrel with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.83. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.     

Gold futures (GC) closed at 1253.3 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 5.5. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. It is in a weekly Squeeze.

Agriculture (DBA) ETF closed at 17.22 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.127. Intermediate Cycle is negative and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. It is in a daily and weekly Squeeze.   

Commodities (DBC) ETF closed at 14.95 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.38. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell.   

Bonds
Bond futures (/ZB) closed at 144’00 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.9062. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.  

High Yield bond ETF (HYG) gapped down and closed at 82.08 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.72. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. 

Currency
The dollar index ($DXY) closed at 96.984 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.467. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. It is in a daily and Weekly Squeeze.     

EUR/USD closed at 1.1360 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 0.0065. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.

USD/JPY closed at 112.49 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.413. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.  

6S (Swiss Franc) – closed at 1.016 with a gravestone doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0038. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: 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, XLY, XLB, XLI and XLV.

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 and XLE respectively.

Market Internals
Market Sentiment is bearish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is sloping downwards and showing distribution. Skew is at 124.23. Vix is at 25.58 and Vix Futures is at 21.70.   

The Week Ahead
The indices are now trading below its 200 SMA. Market internals are showing weakness. The indices continue to trend down. Gold and Bonds are trending upwards while Oil (WTI) is trending downwards.  The prognosis is for continuing weakness in the indices.

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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