Bursa KLCI

Z5 Fri, 26 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 25 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 24 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tues, 23 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 22 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 19 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 18 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 17 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tues, 16 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 12 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 11 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 10 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 9 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 8 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 5 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 4 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 3 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 2 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 29 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 28 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 27 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 26 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

13 March 2019 – Oil breaks Upwards

Indices
Dow Transportation closed at 10367.12 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 178.43. Intermediate Cycle is positive and falling slope. Short Term Cycle is negative and rising slope. Market direction – Sell.

Dow Industrial closed at 25702.89 with a smal bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 221.83. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Sell. 

Russell 2000 closed at 1555.8805 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 12.84. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7256.9815 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 91.58. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 (SPX) closed at 2810.92 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 29.72. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $58.34 per barrel with a bullish candle above its 8EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 1.47. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Buy.     

Gold futures (GC) closed at 1309.5 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 11. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell.

Commodities (DBC) ETF closed at 15.99 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.13. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell.   

Bonds
Bond futures (/ZB) closed at 145’30 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.5312. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

High Yield bond ETF (HYG) closed at 85.76 with a small bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.24. Intermediate Cycle is positive and falling slope. Short Cycle is positive and rising slope. Market direction: Sell. 

Currency
The dollar index ($DXY) closed at 96.47 with a big bearish marubozu candle below its 8 EMA, 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.636. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.      

EUR/USD closed at 1.1325 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range was 0.0061. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. It is in a weekly Squeeze.

USD/JPY closed at 111.15 with a small bearish candle below its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 0.463. 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 XLK, XLU, XLB, XLE 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 rather bullish. Market Breadth is sloping downwards showing more losers to gainers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 132.57. Vix is at 13.41 and Vix Futures is at 14.15.  

The Week Ahead 
The indices all moved up but not with much strength. Vix and Vix Futures are below 14 and 15 respectively. Market breadth is showing weakness whereas Market Sentiment is indicating bullish outcomeinternals are giving mixed message and it is showing that there is lack of breadth in the move upwards. The prognosis is for further small move upwards and market exhaustion is    

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.


Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>