20 June 2019 – A Tweet and Indices, Gold, Bond burst upwards!
Indices Dow Transportation closed at 10412.66 with a spinning top doji candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. It has broken out of its Fractal Chaos Band. Daily trading range was 120.96. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI is 55.4.
Dow Industrial gapped up and closed at 26753.17 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It has broken out above its Fractal Chaos Band. Daily trading range was 294.63. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI is 69.8.
Russell 2000 gapped up and closed at 1563.4947 with a small spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It has broken out above its Fractal Chaos Band. Daily trading range was 15.157. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Strong UpTrend. Momentum – Strong Upward. RSI is 60.5.
Nasdaq 100 gapped up and closed at 7738.0547 with a hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is above the Fractal Chaos Band. Daily trading range was 102.87. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI is 65.2.
S&P 500(SPX) gapped up and closed at 2954.18 with a bullish high closing spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA, 200SMA. It is above the Fractal Chaos Band. Daily trading range was 31.6. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI is 68.6.
Metals and Commodities WTI Crude oil futures (CL) closed at $57.16 per barrel with a big bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. It closed above the Fractal Chaos Band. Daily trading range was 3.02. Long Cycle is negative and rising slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI is 55.
Gold (/GC) closed at 1392.3 with a huge bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is above its Fractal Chaos Band. Daily trading range was 36.4. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong upward. RSI is 83.9.
Commodities (DBC) ETF gapped up and closed at 15.66 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range was 0.32. It is within is Fractal Chaos Band. Long Cycle is negative and rising slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Weak UpTrend. Momentum – Strong Upward. RSI is 56.
Bonds Bond futures (/ZB) closed at 155’11 with a low closing doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.3125. It is above its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI is 71.1.
High Yield bond ETF (HYG) gapped up and closed at 87.61 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.48. It is above its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Strong UpTrend. Momentum – Strong Upward. RSI is 70.1.
Currency The dollar index ($DXY) closed at 96.627 with a huge bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.655. It is within its Fractal Chaos Band. Long Cycle is negative and falling slope. Medium Cycle is negative and falling slope. Short Cycle is positive and falling slope. Market direction – Weak DownTrend. Momentum – Strong downwards. RSI is 38.2.
EUR/USD closed at 1.1291 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0091. It is back within its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is negative and rising slope. Market direction: Weak UpTrend. Momentum – Strong Upward. RSI is 58.4.
USD/JPY closed at 107.27 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.929. It has broken out below its Fractal Chaos Band. Long Cycle is negative and falling slope. Medium Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction – Strong DownTrend. Momentum – Strong Downwards. RSI is 25.1.
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, XLY and XLE 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 accumulation. Skew is at 119.23. Vix is at 14.75 and Vix Futures is at 16.15.
The Week Ahead The indices, gold, bonds continue to trend upwards. The dollar index is down. Market Sentiment is rather bullish and market internals continues to signal bullishness. Skew is normal. Vix is below 15 and Vix futures is below 17. The prognosis is for continuing strength and upward trend in the indices, gold and bonds. Oil has made a move upwards due to increasing uncertainties between the USA and Iran.
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.
20 June 2019 – A Tweet and Indices, Gold, Bond burst upwards!
Indices
Dow Transportation closed at 10412.66 with a spinning top doji candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. It has broken out of its Fractal Chaos Band. Daily trading range was 120.96. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI is 55.4.
Dow Industrial gapped up and closed at 26753.17 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It has broken out above its Fractal Chaos Band. Daily trading range was 294.63. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI is 69.8.
Russell 2000 gapped up and closed at 1563.4947 with a small spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It has broken out above its Fractal Chaos Band. Daily trading range was 15.157. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Strong UpTrend. Momentum – Strong Upward. RSI is 60.5.
Nasdaq 100 gapped up and closed at 7738.0547 with a hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is above the Fractal Chaos Band. Daily trading range was 102.87. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI is 65.2.
S&P 500 (SPX) gapped up and closed at 2954.18 with a bullish high closing spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA, 200SMA. It is above the Fractal Chaos Band. Daily trading range was 31.6. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI is 68.6.
Metals and Commodities
WTI Crude oil futures (CL) closed at $57.16 per barrel with a big bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. It closed above the Fractal Chaos Band. Daily trading range was 3.02. Long Cycle is negative and rising slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI is 55.
Gold (/GC) closed at 1392.3 with a huge bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is above its Fractal Chaos Band. Daily trading range was 36.4. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong upward. RSI is 83.9.
Commodities (DBC) ETF gapped up and closed at 15.66 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range was 0.32. It is within is Fractal Chaos Band. Long Cycle is negative and rising slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Weak UpTrend. Momentum – Strong Upward. RSI is 56.
Bonds
Bond futures (/ZB) closed at 155’11 with a low closing doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.3125. It is above its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI is 71.1.
High Yield bond ETF (HYG) gapped up and closed at 87.61 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.48. It is above its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Strong UpTrend. Momentum – Strong Upward. RSI is 70.1.
Currency
The dollar index ($DXY) closed at 96.627 with a huge bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.655. It is within its Fractal Chaos Band. Long Cycle is negative and falling slope. Medium Cycle is negative and falling slope. Short Cycle is positive and falling slope. Market direction – Weak DownTrend. Momentum – Strong downwards. RSI is 38.2.
EUR/USD closed at 1.1291 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0091. It is back within its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is negative and rising slope. Market direction: Weak UpTrend. Momentum – Strong Upward. RSI is 58.4.
USD/JPY closed at 107.27 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.929. It has broken out below its Fractal Chaos Band. Long Cycle is negative and falling slope. Medium Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction – Strong DownTrend. Momentum – Strong Downwards. RSI is 25.1.
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, XLY and XLE 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 accumulation. Skew is at 119.23. Vix is at 14.75 and Vix Futures is at 16.15.
The Week Ahead
The indices, gold, bonds continue to trend upwards. The dollar index is down. Market Sentiment is rather bullish and market internals continues to signal bullishness. Skew is normal. Vix is below 15 and Vix futures is below 17. The prognosis is for continuing strength and upward trend in the indices, gold and bonds. Oil has made a move upwards due to increasing uncertainties between the USA and Iran.
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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