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Z5 Thurs, 31 August 2023

Z5 Daily
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Z5 Fri, 25 August 2023

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Z5 Thurs, 24 August 2023

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Z5 Wed, 23 August 2023

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Z5 Tues, 22 August 2023

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Z5 Mon, 21 August 2023

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Z5 Fri, 18 August 2023

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Z5 Thurs, 17 August 2023

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Z5 Wed, 16 August 2023

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Z5 Tues, 15 August 2023

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Z5 Mon, 14 August 2023

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Z5 11 August 2023

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Z5 10 August 2023

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Z5 9 August 2023

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Z5 Tues, 8 August 2023

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Z5 Mon, 7 August 2023

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Z5 Fri, 4 August 2023

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Z5 Thurs, 3 August 2023

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Z5 Tues, 1 August 2023

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24 April 2019 – A spluttering uptrend?

Indices
Dow Transportation closed at 11098.99 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 145.27. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.

Dow Industrial closed at 26597.05 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 97.72. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy. 

Russell 2000 closed at 1588.1323 with a small inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 10.68. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. 

Nasdaq 100 closed at 7784.4126 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 43.46. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 (SPX) closed at 2927.25 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 10.78. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $65.78 per barrel with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.77. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.  

Gold futures (GC) closed at 1277.9 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 10.2. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.

Commodities (DBC) ETF closed at 16.25 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.06. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.   

Bonds
Bond futures (/ZB) closed at 147’13 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1. Intermediate Cycle is positive and falling slope. Short Cycle is negative and rising slope. Market direction: Sell.

High Yield bond ETF (HYG) closed at 86.83 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.35. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Currency
The dollar index ($DXY) closed at 98.052 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.6. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.    

EUR/USD closed at 1.1153 with a big bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0086. 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 112.17 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.716. 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, XLK, XLI, XLY, XLB and XLE.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY and XLI 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 123.81. Vix is at 13.14 and Vix Futures is at 14.55.   

The Week Ahead 
Market Internals are weakening. Skew is normal. Vix is below 14 and Vix futures is below 15. The uptrend in the indices have continued but there are signs of impending weakness. Market Sentiment remains bullish. Earnings season is here and the uptrend is still evident although market internals are signalling caution. Volatility has increased.

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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