Indices Dow Transportation closed at 10320.85 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. It is within its Fractal Chaos Band. Daily trading range was 192.57. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction – Up Trend. RSI is 51.9.
Dow Industrial closed at 26465.54 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It has broken out of its Fractal Chaos Band. Daily trading range was 414.66. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Up Trend. RSI is 65.2.
Russell 2000 closed at 1550.229 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It has broken out of its Fractal Chaos Band. Daily trading range was 27.432. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 57.1.
Nasdaq 100 gapped up and closed at 7635.4 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is within the Fractal Chaos Band. Daily trading range was 162.557. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 61.
S&P 500(SPX) gapped up and closed at 2917.75 with a small candle above its 8 EMA, 21 EMA, 50 SMA, 200SMA. It closed outside its Fractal Chaos Band. Daily trading range was 41.12. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 63.1.
Metals and Commodities WTI Crude oil futures (CL) closed at $54.3 per barrel with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. It closed within the Fractal Chaos Band. Daily trading range was 2.81. Long Cycle is negative and rising slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 43.3.
Gold (/GC) closed at 1350.1 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is within its Fractal Chaos Band. Daily trading range was 16.4. Long Cycle is positive and rising slope. Medium Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Up Trend. RSI is 68.5.
Commodities (DBC) ETF gapped up and closed at 15.38 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.11. It is within is Fractal Chaos Band. Long Cycle is negative and falling slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 48.7.
Bonds Bond futures (/ZB) closed at 155’01 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.5. It broke above its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Up Trend. RSI is 67.6.
High Yield bond ETF (HYG) gapped up and closed at 86.76 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.61. It has broken out of its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 61.7.
Currency The dollar index ($DXY) closed at 97.634 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.398. It is within its Fractal Chaos Band. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 55.4.
EUR/USD closed at 1.1193 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0061. It is has broken out below its Fractal Chaos Band. Long Cycle is positive and falling slope. Medium Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Up Trend. RSI is 45.1.
USD/JPY closed at 108.43 with a doji candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.618. It is within its Fractal Chaos Band. Long Cycle is negative and rising slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 38.4.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB and XLY respectively.
Market Internals Market Sentiment is rather bullish. Market Breadth is sloping upward showing more gainers to losers. Volume Acc/Dis is sloping upwards and showing slowing accumulation. Skew is at 116.21. Vix is at 15.15 and Vix Futures is at 16.65.
The Week Ahead The indices is on the move upwards and there are squeezes forming in the indices in monthly, 4 hourly time frames. The Squeeze is likely to exit upwards. Market Sentiment is bullish and market internals continues to signal bullishness. Skew is normal. Vix is below 16 and Vix futures is below 17. The prognosis is for continuing strength in the push upwards.
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.
18 June 2019 – Indices on the breakout Higher?
Indices
Dow Transportation closed at 10320.85 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. It is within its Fractal Chaos Band. Daily trading range was 192.57. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction – Up Trend. RSI is 51.9.
Dow Industrial closed at 26465.54 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It has broken out of its Fractal Chaos Band. Daily trading range was 414.66. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Up Trend. RSI is 65.2.
Russell 2000 closed at 1550.229 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It has broken out of its Fractal Chaos Band. Daily trading range was 27.432. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 57.1.
Nasdaq 100 gapped up and closed at 7635.4 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is within the Fractal Chaos Band. Daily trading range was 162.557. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 61.
S&P 500 (SPX) gapped up and closed at 2917.75 with a small candle above its 8 EMA, 21 EMA, 50 SMA, 200SMA. It closed outside its Fractal Chaos Band. Daily trading range was 41.12. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 63.1.
Metals and Commodities
WTI Crude oil futures (CL) closed at $54.3 per barrel with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. It closed within the Fractal Chaos Band. Daily trading range was 2.81. Long Cycle is negative and rising slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 43.3.
Gold (/GC) closed at 1350.1 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is within its Fractal Chaos Band. Daily trading range was 16.4. Long Cycle is positive and rising slope. Medium Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Up Trend. RSI is 68.5.
Commodities (DBC) ETF gapped up and closed at 15.38 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.11. It is within is Fractal Chaos Band. Long Cycle is negative and falling slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 48.7.
Bonds
Bond futures (/ZB) closed at 155’01 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.5. It broke above its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Up Trend. RSI is 67.6.
High Yield bond ETF (HYG) gapped up and closed at 86.76 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.61. It has broken out of its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 61.7.
Currency
The dollar index ($DXY) closed at 97.634 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.398. It is within its Fractal Chaos Band. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 55.4.
EUR/USD closed at 1.1193 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0061. It is has broken out below its Fractal Chaos Band. Long Cycle is positive and falling slope. Medium Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Up Trend. RSI is 45.1.
USD/JPY closed at 108.43 with a doji candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.618. It is within its Fractal Chaos Band. Long Cycle is negative and rising slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 38.4.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB and XLY respectively.
Market Internals
Market Sentiment is rather bullish. Market Breadth is sloping upward showing more gainers to losers. Volume Acc/Dis is sloping upwards and showing slowing accumulation. Skew is at 116.21. Vix is at 15.15 and Vix Futures is at 16.65.
The Week Ahead
The indices is on the move upwards and there are squeezes forming in the indices in monthly, 4 hourly time frames. The Squeeze is likely to exit upwards. Market Sentiment is bullish and market internals continues to signal bullishness. Skew is normal. Vix is below 16 and Vix futures is below 17. The prognosis is for continuing strength in the push upwards.
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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