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Z5 Fri, 26 January 2024

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Z5 Thur, 25 January 2024

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Z5 Wed, 24 January 2024

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Z5 Tues, 23 January 2024

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Z5 Fri, 19 January 2024

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Z5 Fri, 12 January 2024

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Z5 Thur, 11 January 2024

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Z5 Wed, 10 January 2024

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Z5 Tue, 9 January 2024

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Z5 Mon, 8 January 2024

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Z5 Fri, 5 January 2024

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Z5 Thur, 4 January 2024

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Z5 Wed, 3 January 2024

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Z5 Tue, 2 January 2024

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Z5 Fri, 29 December 2023

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Z5 Thur, 28 December 2023

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Z5 Wed, 27 December 2023

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Z5 Tue, 26 December 2023

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25 April 2019 – A pullback

Indices
Dow Transportation closed at 10845.62 with a bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 265.22. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and falling slope. Market direction – Buy.

Dow Industrial closed at 26462.08 with a small bullish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 286.77. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Buy. 

Russell 2000 closed at 1575.6116 with a bearish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 22.677. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7816.919 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 73.75. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 (SPX) closed at 2926.17 with a small candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 20.26. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $65.11 per barrel with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 01.38. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.  

Gold futures (GC) closed at 1279 with a doji candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 9.6. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell.

Commodities (DBC) ETF closed at 16.22 with a small bearish candle below its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 0.095. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.   

Bonds
Bond futures (/ZB) closed at 147’08 with a small candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.469. Intermediate Cycle is positive and falling slope. Short Cycle is negative and rising slope. Market direction: Sell.

High Yield bond ETF (HYG) closed at 86.75 with a small doji candle on its 8 EMA and above its 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 falling slope. Market direction: Sell. 

Currency
The dollar index ($DXY) closed at 98.145 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.335. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.    

EUR/USD closed at 1.1129 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0044. 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 111.60 with a big bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range was 0.856. 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, XLF, XLY, XLI and XLB.

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 124.18. Vix is at 13.25 and Vix Futures is at 14.90.   

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 halted and is pulling back. Market Sentiment remains bullish. Earnings season is here and has resulted in increase in volatility. The prognosis is for increase in 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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