Bursa KLCI

Z5 Fri, 14 June 2024

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Z5 Thur, 13 June 2024

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Z5 Wed, 12 June 2024

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Z5 Tue, 11 June 2024

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Z5 Mon, 10 June 2024

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Z5 Fri, 7 June 2024

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Z5 Thur, 6 June 2024

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Z5 Wed, 5 June 2024

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Z5 Tue, 4 June 2024

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Z5 Mon, 3 June 2024

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Z5 Fri 31 May 2024

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Z5 Thur, 30 May 2024

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Z5 Wed, 29 May 2024

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Z5 Tues, 28 May 2024

28

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Z5 Mon, 27 May 2024 – Memorial Day

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Z5 Fri, 24 May 2024

Bursa Daily
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Z5 Thur, 23 May 2024

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Z5 Wed, 22 May 2024

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Z5 Tue, 21 May 2024

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Z5 Mon, 20 May 2024

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25 July 2019 – Volatility strikes!

Indices
Dow Transportation closed at 10693.82 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 114.38. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 57.1.

Dow Industrial closed at 27140.98 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 235.95. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and falling. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 59.6.

Russell 2000 closed at 1561.45 with a big bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 19.766. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 52.7.

Nasdaq 100 closed at 7929.867 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 89.391. 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 – Weak UpTrend. Momentum – Strong Upward. RSI – 59.

S&P 500 (SPX) closed at 3003.67 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 22.32. Fractal Chaos Band – close below its FCB Upperband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 59.8.

Metals and Commodities
WTI Crude oil futures (CL) closed at $55.91 per barrel with a small low closing doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.18. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 45.3.

Gold (/GC) closed at 1414.4 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 23. 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 – Weak UpTrend. Momentum – Strong Downward. RSI – 55.

Commodities (DBC) ETF closed at 15.48 with a bearish marubozu candle below 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.135. 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 – Weak DownTrend. Momentum – Strong Downward. RSI – 44.4.

Bonds
Bond futures (/ZB) closed at 154’06 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 1.844. 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 – Weak DownTrend. Momentum – Strong Downward. RSI – 50.4.

High Yield bond ETF (HYG) closed at 86.98 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.24. Fractal Chaos Band – close below its FCB Upperband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 53.8.

Currency
The dollar index ($DXY) closed at 97.789 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.425. Fractal Chaos Band – above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 59.9.


EUR/USD closed at 1.1145 with a big doji candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.0086. Fractal Chaos Band – below its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 38.2.

USD/JPY closed at 108.62 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.707. 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 – Weak UpTrend. Momentum – Strong Upward. RSI – 55.5.

Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, SPY, XLI, XLB, XLF, XLY, XLP, XLE, XLV and XLU.

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, SPY, XLI, XLF, XLB, XLY, XLP, XLU, XLV and XLE.  

Market Internals
Market Sentiment – Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew -121.88. Vix – 12.74 and Vix Futures – 14.60.   

The Week Ahead 
Market Sentiment remains bullish. Market internals are showing mix signal. Skew is normal. Vix is below 13 and Vix Futures is below 15. The indices pulled back on news that the ECB is reducing its interest rates. The prognosis is for volatility as other central banks may reduce interest rates.

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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