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Z5 Fri, 26 January 2024

Z5 Daily
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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 Mon, 22 January 2024

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Z5 Fri, 19 January 2024

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Z5 Thur, 18 January 2024

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Z5 Wed, 17 January 2024

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Z5 Tues, 16 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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16 May 2019 – Executive Order to Stop Hua Wei

Indices
Dow Transportation closed at 10605.61 with a bullish marubozu candle above its 8 EMA, 50 SMA, 200 SMA and below its 21 EMA. Daily trading range was 182.71. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.

Dow Industrial closed at 25862.68 with a bullish marubozu candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range was 309.61. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and rising slope. Market direction – Sell. 

Russell 2000 closed at 1557.2392 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 18.90. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. 

Nasdaq 100 closed at 7580.1423 with a bullish candle above its 8 EMA, 50 SMA, 200 SMA and below its 21 EMA. Daily trading range was 124.265. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.

S&P 500 (SPX) closed at 2876.32 with a bullish marubozu candle above its 8 EMA, 50 SMA, 200 SMA and below its 21 EMA. Daily trading range was 41.19. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $63.14 per barrel with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 1.4. Intermediate Cycle is positive and falling slope. Short Cycle is negative and rising slope. Market direction: Sell.

Gold (/GC) closed at 1287 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 15.1. Intermediate Cycle is negative and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. 

Commodities (DBC) ETF closed at 16.05 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.15. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.   

Bonds
Bond futures (/ZB) closed at 149’19 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.969. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

High Yield bond ETF (HYG) closed at 85.97 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range was 0.4. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. 

Currency
The dollar index ($DXY) closed at 97.826 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.438. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.    

EUR/USD closed at 1.1173 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.0057. 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 109.83 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.638. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising 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 XLV, XLK, XLU, XLP, XLY, XLI, 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, XLP, XLF and XLU respectively.  

Market Internals
Market Sentiment is slightly bullish. Market Breadth is sloping upwards showing more gainers to losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 121.09. Vix is at 15.29 and Vix Futures is at 16.05.   

The Week Ahead 
The indices closed higher on strong economic data. Vix is below 16 and Vix futures is below 17. Market internals are starting to show strength. Skew is normal. The prognosis is for continuing 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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