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Z5 Fri 26 July 2024

Z5 Daily
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Z5 Thur, 25 July 2024

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Z5 Mon, 22 July 2024

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Z5 Wed, 10 July 2024

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Z5 Tue, 9 July 2024

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Z5 Mon, 8 July 2024

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Z5 Fri, 5 July 2024

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Z5 Thur, 4 July 2024

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Z5 Wed, 3 July 2024

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Z5 Mon, 1 July 2024

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12 March 2019 – Boeing makes the market goes Boing Boing

Indices
Dow Transportation closed at 10261.53 with a bearish candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range was 115.25. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.

Dow Industrial closed at 25554.66 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range was 153.27. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Sell. 

Russell 2000 closed at 1549.8348 with a small doji candle on its 8 EMA and above its 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 9.78. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7201.2813 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 55.39. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell.

S&P 500 (SPX) closed at 2791.52 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 15.02. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $57.09 per barrel with a small bullish candle above its 8EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.81. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.     

Gold futures (GC) closed at 1301.8 with a bullish candle above its 8 EMA and on its 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 10.6. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell.

Commodities (DBC) ETF closed at 15.89 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.12. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.   

Bonds
Bond futures (/ZB) closed at 146’12 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 01.438. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

High Yield bond ETF (HYG) closed at 85.53 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.29. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Currency
The dollar index ($DXY) closed at 96.986 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.422. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.      

EUR/USD closed at 1.186 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.006. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. It is in a weekly Squeeze.

USD/JPY closed at 111.34 with a small bullish candle on its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 0.355. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLU and XLE.

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

Market Internals
Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers to gainers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 130.17. Vix is at 13.77 and Vix Futures is at 14.80.  

The Week Ahead 
Dow Transportation and Industrial and Russell 2000 consolidated while the Nasdaq 100 and S&P 500 had a positive day. Skew is normal. Vix and Vix futures are below 14 and 15 respectively. Market internals are mixed. Market Sentiment is rather bullish. The prognosis is to trade cautiously as there are market internals are showing some weakness.    

To YOUR wealth!
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