Bursa KLCI

Z5 Fri, 24 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Thur, 23 May 2024

Bursa Daily
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Z5 Wed, 22 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Tue, 21 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Mon, 20 May 2024

Bursa Daily
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Z5 Fri, 17 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Thur, 16 May 2024

Bursa Daily
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Z5 Wed, 15 May 2024

Bursa Daily
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Z5 Tue, 14 May 2024

Bursa Daily
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Bursa Mon, 13 May 2024

BUrsa Daily
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Z5 Fri, 10 May 2024

Z5 Daily
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Z5 Thur, 9 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 8 May 2024

Z5 Daily
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Z5 Tue, 7 May 2024

Z5 Daily
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Z5 Mon, 6 May 2024

Z5 Daily
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Z5 Fri 3 May 2024

Z5 Daily
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Z5 Thur, 2 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 1 May 2024

Z5 Daily
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Z5 Tues, 30 April 2024

Z5 Daily
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Z5 Mon, 29 April 2024

Z5 Daily
Z5 - Top 5 stocks for today.

9 July 2019 – Uncertainty in the market

Indices
Dow Transportation closed at 10339.01 with a small bearish candle below its 8 EMA, 50 SMA and and on its 21 EMA, 200 SMA. Daily trading range – 111.14. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 49.9.

Dow Industrial closed at 26783.49 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 142.13. Fractal Chaos Band – Within its FCB. Long Cycle – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – Strong UpTrend. Momentum – Weak Downward. RSI – 63.

Russell 2000 closed at 1562.5885 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 8.61. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle – positive and falling. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 55.7.

Nasdaq 100 closed at 7846.75 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 115.75. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 63.3.

S&P 500 (SPX) closed at 2979.63 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 18.46. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 65.

Metals and Commodities
WTI Crude oil futures (CL) closed at $58.34 per barrel with a small candle intertwined amongst its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.81. Fractal Chaos Band – within the FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – UpTrend. Momentum – Neutral. RSI – 55.9.

Gold (/GC) closed at 1399.6 with a small bullish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 14.9. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – UpTrend. Momentum – Downwards. RSI – 57.9.

Commodities (DBC) ETF closed at 15.67 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.11. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and flat. Medium Cycle Wave – positive and flat. Short Cycle Wave – negative and rising. Market direction – UpTrend. Momentum – Neutral. RSI – 53.

Bonds
Bond futures (/ZB) closed at 154’30 with a small bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.656. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – UpTrend. Momentum – Downward. RSI – 51.4.

High Yield bond ETF (HYG) closed at 87.34 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.12. Fractal Chaos Band – broke below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 50.5.

Currency
The dollar index ($DXY) closed at 97.499 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.231. Fractal Chaos Band – within its 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.

EUR/USD closed at 1.1207 with a small bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0025. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – downward. RSI – 41.3.

USD/JPY closed at 108.84 with a small bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range – 0.299. Fractal Chaos Band – above its 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 – 57.5.

Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLY and XLK.

On a 6-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLY, XLK and XLF respectively.  

Market Internals
Market Sentiment – Bullish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Skew -120.44. Vix – 14.09 and Vix Futures – 14.95.   

The Week Ahead 
Market Sentiment remains bullish. The indices show signs of turning downwards. Market internals are snowing mixed signals as market breadth is still showing more gainers to losers while market volume is showing distribution. Skew is normal. Vix is below 15 and Vix Futures is below 15. The prognosis is for a short pullback.

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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