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Z5 Fri, 14 June 2024

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Z5 Thur, 13 June 2024

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Z5 Wed, 12 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 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

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Z5 Mon, 27 May 2024 – Memorial Day

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Z5 Fri, 24 May 2024

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Z5 Thur, 23 May 2024

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Z5 Wed, 22 May 2024

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Z5 Mon, 20 May 2024

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18 April 2019 – Weekly Review: Good Friday and bullish close

Indices
Dow Transportation closed at 10988.22 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 112.97. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.

Dow Industrial closed at 26559.54 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 157.89. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy. 

Russell 2000 closed at 1565.7476 with a doji candle below its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 13.089. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7689.7151 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 46.78. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.

S&P 500 (SPX) closed at 2905.03 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 16.5. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $64.06 per barrel with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.69. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.  

Gold futures (GC) closed at 1277.9 with a small candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 6.7. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.

Commodities (DBC) ETF closed at 16.21 with a bullish candle below its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 0.07. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.   

Bonds
Bond futures (/ZB) closed at 146’24 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.7812. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.

High Yield bond ETF (HYG) closed at 86.68 with a bearish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.21. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Currency
The dollar index ($DXY) closed at 97.404 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.529. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.    

EUR/USD closed at 1.1237 with a small bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0014. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. It is in a daily and weekly Squeeze.

USD/JPY closed at 111.95 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.1129. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling 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 XLF, XLI, XLK, XLY, XLB and XLP.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLI, XLY and XLB 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 123.60. Vix is at 12.09 and Vix Futures is at 14.50.   

The Week Ahead 
Market Internals are weakening. Skew is normal. Vix is below 13 and Vix futures is below 15. The market is experiencing an increase in volatility. Market Sentiment remains bullish. The prognosis is for the uptrend to continue but with volatility.

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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