Indices Dow Transportation closed at 10784.84 with a bullish ‘hammer’ candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 167. Fractal Chaos Band – Within 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 – 59.8.
Dow Industrial closed at 27198.02 with a small bullish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 154.5. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and falling. Medium Cycle – positive and falling. Short Cycle – positive and rising. Market direction – Weak UpTrend. Momentum – Neutral. RSI – 60.8.
Russell 2000 closed at 1585.5989 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 28.35. Fractal Chaos Band – close above 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 – 59.
Nasdaq 100 gapped down and closed at 7952.4727 with a small bullish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 65.64. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 58.2.
S&P 500(SPX) gapped down and closed at 3013.18 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 20.03. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Neutral. RSI – 59.9.
Metals and Commodities WTI Crude oil futures (CL) closed at $58.34 per barrel with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.51. Fractal Chaos Band – above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 55.7.
Gold (/GC) closed at 1443.3 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 10.9. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – negative and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 61.2.
Commodities (DBC) ETF closed at 15.65 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.12. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 51.2.
Bonds Bond futures (/ZB) closed at 154’24 with a small inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.6562. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – negative and rising. Market direction – Flat. Momentum – Flat. RSI – 53.
High Yield bond ETF (HYG) closed at 87.08 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.25. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 55.
Currency The dollar index ($DXY) closed at 98.071 with a doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.19. 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 – 63.3.
EUR/USD closed at 1.1153 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.0028. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 40.5.
USD/JPY closed at 108.57 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.491. 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 – 53.8.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, /ES, SPX, XLI, SPY, XLK, XLP, XLF, XLY, XLE, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLI, SPX, XLB, SPY, XLP, XLK, XLF, XLY, XLU, XLV and XLE.
Market Internals Market Sentiment – Bullish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew -121.94. Vix – 13.94 and Vix Futures – 14.95.
The Week Ahead Market Sentiment remains bullish. Market internals are showing strength. Skew is normal. Vix is below 14 and Vix Futures is below 15. The leading indicators such as the Transportation and Russell 2000 are showing bullishness. The market internals are showing strength. The rest of the index are showing weakness. Gold is still in its bullish phase. Oil is range trading. The prognosis is for further volatility in the market.
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.
30 July 2019 – Uncertainties in market
Indices
Dow Transportation closed at 10784.84 with a bullish ‘hammer’ candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 167. Fractal Chaos Band – Within 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 – 59.8.
Dow Industrial closed at 27198.02 with a small bullish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 154.5. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and falling. Medium Cycle – positive and falling. Short Cycle – positive and rising. Market direction – Weak UpTrend. Momentum – Neutral. RSI – 60.8.
Russell 2000 closed at 1585.5989 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 28.35. Fractal Chaos Band – close above 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 – 59.
Nasdaq 100 gapped down and closed at 7952.4727 with a small bullish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 65.64. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 58.2.
S&P 500 (SPX) gapped down and closed at 3013.18 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 20.03. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Neutral. RSI – 59.9.
Metals and Commodities
WTI Crude oil futures (CL) closed at $58.34 per barrel with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.51. Fractal Chaos Band – above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 55.7.
Gold (/GC) closed at 1443.3 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 10.9. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – negative and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 61.2.
Commodities (DBC) ETF closed at 15.65 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.12. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 51.2.
Bonds
Bond futures (/ZB) closed at 154’24 with a small inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.6562. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – negative and rising. Market direction – Flat. Momentum – Flat. RSI – 53.
High Yield bond ETF (HYG) closed at 87.08 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.25. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 55.
Currency
The dollar index ($DXY) closed at 98.071 with a doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.19. 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 – 63.3.
EUR/USD closed at 1.1153 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.0028. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 40.5.
USD/JPY closed at 108.57 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.491. 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 – 53.8.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, /ES, SPX, XLI, SPY, XLK, XLP, XLF, XLY, XLE, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLI, SPX, XLB, SPY, XLP, XLK, XLF, XLY, XLU, XLV and XLE.
Market Internals
Market Sentiment – Bullish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew -121.94. Vix – 13.94 and Vix Futures – 14.95.
The Week Ahead
Market Sentiment remains bullish. Market internals are showing strength. Skew is normal. Vix is below 14 and Vix Futures is below 15. The leading indicators such as the Transportation and Russell 2000 are showing bullishness. The market internals are showing strength. The rest of the index are showing weakness. Gold is still in its bullish phase. Oil is range trading. The prognosis is for further volatility in the market.
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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