Indices Dow Transportation closed at 10109.91 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 123.89. Fractal Chaos Band – Broke below Lower FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Neutral. RSI – 43.
Dow Industrial closed at 26548.22 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 224.65. Fractal Chaos Band – within FCB. Long Cycle – positive and rising. Medium Cycle – positive and rising. Short Cycle – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 62.4.
Russell 2000 closed at 1521.0353 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 12.74. Fractal Chaos Band – within FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and falling. Short Cycle – negative and falling. Market direction – DownTrend. Momentum – Neutral. RSI – 46.5.
Nasdaq 100 closed at 7591.5363 with a big bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 138.87. Fractal Chaos Band – cross back below the Upperband FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 54.7.
S&P 500(SPX) closed at 2917.38 with a big bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA, 200SMA. Daily trading range – 30.51. Fractal Chaos Band – cross back below its upper FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 57.8.
Metals and Commodities WTI Crude oil futures (CL) closed at $58.77 per barrel with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range – 1.64. Fractal Chaos Band – above FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 59.1.
Gold (/GC) closed at 1426.7 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 27.8. Fractal Chaos Band – above FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 81.4.
Commodities (DBC) ETF closed at 15.82 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.12. Fractal Chaos Band – broke above the Upperband FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 59.9.
Bonds Bond futures (/ZB) closed at 155’31 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.7812. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 67.1.
High Yield bond ETF (HYG) closed at 86.95 with a big bearish marubozu candle below 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.43. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 58.
Currency The dollar index ($DXY) closed at 96.176 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.521. Fractal Chaos Band – below its LowerBand FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 36.
EUR/USD closed at 1.1364 with a bearish engulfing candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0067. Fractal Chaos Band – above its Upperband FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 62.1.
USD/JPY closed at 107.17 with a small spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.631. Fractal Chaos Band – below its LowerBand FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 25.1.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLY and XLV.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLV, XLY and XLU respectively.
Market Internals Market Sentiment – bullish. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew -116.83. Vix – 16.28 and Vix Futures – 16.65.
The Week Ahead Market Sentiment remains bullish. The leading indicator of Dow Transportation and Russell 2000 continue to fall and is leading the market downwards. The ES, NQ and YM have pulled back. Skew is normal. Vix is below 17 and Vix futures is below 17. The prognosis is for caution as a pullback is occuring and this could lead to bigger pullbacks.
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.
25 June 2019 – Indices are turning?
Indices
Dow Transportation closed at 10109.91 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 123.89. Fractal Chaos Band – Broke below Lower FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Neutral. RSI – 43.
Dow Industrial closed at 26548.22 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 224.65. Fractal Chaos Band – within FCB. Long Cycle – positive and rising. Medium Cycle – positive and rising. Short Cycle – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 62.4.
Russell 2000 closed at 1521.0353 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 12.74. Fractal Chaos Band – within FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and falling. Short Cycle – negative and falling. Market direction – DownTrend. Momentum – Neutral. RSI – 46.5.
Nasdaq 100 closed at 7591.5363 with a big bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 138.87. Fractal Chaos Band – cross back below the Upperband FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 54.7.
S&P 500 (SPX) closed at 2917.38 with a big bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA, 200SMA. Daily trading range – 30.51. Fractal Chaos Band – cross back below its upper FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 57.8.
Metals and Commodities
WTI Crude oil futures (CL) closed at $58.77 per barrel with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range – 1.64. Fractal Chaos Band – above FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 59.1.
Gold (/GC) closed at 1426.7 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 27.8. Fractal Chaos Band – above FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 81.4.
Commodities (DBC) ETF closed at 15.82 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.12. Fractal Chaos Band – broke above the Upperband FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 59.9.
Bonds
Bond futures (/ZB) closed at 155’31 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.7812. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 67.1.
High Yield bond ETF (HYG) closed at 86.95 with a big bearish marubozu candle below 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.43. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 58.
Currency
The dollar index ($DXY) closed at 96.176 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.521. Fractal Chaos Band – below its LowerBand FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 36.
EUR/USD closed at 1.1364 with a bearish engulfing candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0067. Fractal Chaos Band – above its Upperband FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 62.1.
USD/JPY closed at 107.17 with a small spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.631. Fractal Chaos Band – below its LowerBand FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 25.1.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLY and XLV.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLV, XLY and XLU respectively.
Market Internals
Market Sentiment – bullish. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew -116.83. Vix – 16.28 and Vix Futures – 16.65.
The Week Ahead
Market Sentiment remains bullish. The leading indicator of Dow Transportation and Russell 2000 continue to fall and is leading the market downwards. The ES, NQ and YM have pulled back. Skew is normal. Vix is below 17 and Vix futures is below 17. The prognosis is for caution as a pullback is occuring and this could lead to bigger pullbacks.
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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