Bursa KLCI

Z5 Fri, 26 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 25 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 24 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tues, 23 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 22 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 19 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 18 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 17 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tues, 16 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 12 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 11 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 10 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 9 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 8 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 5 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 4 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 3 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 2 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 29 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 28 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 27 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 26 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

16 August 2019 – Weekly Review – Market closed higher


Indices (Weekly chart)
Dow Transportation closed at 9967.32 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range – 576.19. Fractal Chaos Band – Closed below its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 42.1.    

Dow Industrial closed at 25886.01 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Weekly trading range – 1087.37. 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 – Strong DownTrend. Momentum – Strong Downward. It is in a monthly Squeeze. RSI – 47.3.

Russell 2000 closed at 1493.6398 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range – 66.49. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and falling slope. Medium Cycle Wave – negative and falling slope. Short Cycle Wave – negative and falling slope. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 43.5.       

Nasdaq 100 closed at 7604.109 with a doji candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Weekly trading range – 348.98. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short cycle – positive and falling. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 52.3.       

S&P 500 closed at 2888.68 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Weekly trading range – 117.8. 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 DownTrend. Momentum – Strong Downward. RSI – 50.6.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $54.85 per barrel with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range was 3.93. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short cycle – negative and falling. Market direction:- Strong DownTrend. Momentum – Strong Downward. RSI – 44.3.

Gold futures (GC) closed at 1523.6 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 57.2 Fractal Chaos Band – 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 – 83.3.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 164’31 with a bullish candle big8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 5.4375. Fractal Chaos Band – Closed 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 – 81.8.         

High Yield bond ETF (HYG) closed at 86.10 with a spinning top doji candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Weekly trading range – 1.065. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short cycle – negative and falling. Market direction:- Weak DownTrend. Momentum – Strong Downward. RSI – 51.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 98.203 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range – 1.305. Fractal Chaos Band – Closed 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 – 56.9.

EUR/USD closed at 1.1089 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 0.0164. Fractal Chaos Band – Closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short cycle – negative and rising. Market direction:- Weak DownTrend. Momentum – Strong Downward. RSI – 41.7.   

USD/JPY closed at 106.34 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 1.9259. Fractal Chaos Band – Below its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short cycle – negative and falling. Market direction:- Strong DownTrend. Momentum – Strong Downward. RSI – 37.2.

Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the ETFs are XLU, XLP, XLK, XLB, /ES, SPY, SPX, XLV, XLY, XLI, XLI, XLF and XLE respectively.

On a 12-monthly lookback, the relative strength order of the ETFs are XLU, XLP, XLK, /ES, SPY, SPX, XLY, XLI, XLB, XLF, XLV and XLE respectively.

Market Internals
Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is sloping downwards showing distribution. Skew is at 115.84. Vix is at 18.47 and Vix futures 18.88.

The Week Ahead
Market Sentiment is bullish. Market Internals are showing weakness. Vix and Vix futures are still elevated. Skew is normal. The trade war between USA – China continues. The prognosis for the coming week is that of a volatile market coming under selling pressure.

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.


Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>