Indices Dow Transportation closed at 10073.15 with a bearish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range is 136.26. Fractal Chaos Band – Closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 45.
Dow Industrial closed at 26252.24 with a doji candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 289.77. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 48.7.
Russell 2000 closed at 1506.0022 with a bearish candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 16.11. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 46.7.
Nasdaq 100 closed at 7707.4271 with a bearish candle below its 50 SMA and above its 8 EMA, 21 EMA, 200 SMA. Daily trading range – 115.5117. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 50.3.
S&P 500(SPX) closed at 2922.95 with a bearish candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 34.57. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 49.7.
Metals and Commodities WTI Crude oil futures (CL) closed at $55.39 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.61. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and falling. Market direction – Strong DownTrend. Momentum – Strong Upward. RSI – 48.2.
Gold (/GC) closed at 1507.6 with a small bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 12.5. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 58.5.
Commodities (DBC) ETF closed at 14.92 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.13. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 42.2.
Bonds Bond futures (/ZB) closed at 164’00 with a bearish candle on its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 1.5. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Weak UpTrend. Momentum – Neutral. RSI – 61.7.
High Yield bond ETF (HYG) gapped up and closed at 86.95 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.28. Fractal Chaos Band – above the FCB Upperband. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 57.2.
Currency The dollar index ($DXY) closed at 98.206 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.31. 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 – 59.5.
EUR/USD closed at 1.1078 with a doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0049. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 36.4.
USD/JPY closed at 106.40 with a bearish candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.396. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 47.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLB, XLF, XLI, XLV, SPX, SPY, XLY, XLK, /ES, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, XLP, XLK, /ES, SPY, XLY, SPX, XLI, XLB, XLF, XLV and XLE.
Market Internals Market Sentiment – Bullish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 114.46. Vix – 16.68 and Vix Futures – 17.75.
The Week Ahead Market Sentiment is slightly bullish. Skew is normal. Vix is below 17. Vix Futures is below 18. Market internals are is showing mixed signal. The market internals are showing mix signals. There appears to be volume distribution but market breadth is still positive. The market internals continue to change every day. The prognosis is for a volatile market to continue.
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.
22 August 2019 – Bond retreats
Indices
Dow Transportation closed at 10073.15 with a bearish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range is 136.26. Fractal Chaos Band – Closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 45.
Dow Industrial closed at 26252.24 with a doji candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 289.77. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 48.7.
Russell 2000 closed at 1506.0022 with a bearish candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 16.11. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 46.7.
Nasdaq 100 closed at 7707.4271 with a bearish candle below its 50 SMA and above its 8 EMA, 21 EMA, 200 SMA. Daily trading range – 115.5117. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 50.3.
S&P 500 (SPX) closed at 2922.95 with a bearish candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 34.57. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 49.7.
Metals and Commodities
WTI Crude oil futures (CL) closed at $55.39 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.61. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and falling. Market direction – Strong DownTrend. Momentum – Strong Upward. RSI – 48.2.
Gold (/GC) closed at 1507.6 with a small bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 12.5. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 58.5.
Commodities (DBC) ETF closed at 14.92 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.13. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 42.2.
Bonds
Bond futures (/ZB) closed at 164’00 with a bearish candle on its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 1.5. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Weak UpTrend. Momentum – Neutral. RSI – 61.7.
High Yield bond ETF (HYG) gapped up and closed at 86.95 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.28. Fractal Chaos Band – above the FCB Upperband. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 57.2.
Currency
The dollar index ($DXY) closed at 98.206 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.31. 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 – 59.5.
EUR/USD closed at 1.1078 with a doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0049. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 36.4.
USD/JPY closed at 106.40 with a bearish candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.396. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 47.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLB, XLF, XLI, XLV, SPX, SPY, XLY, XLK, /ES, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, XLP, XLK, /ES, SPY, XLY, SPX, XLI, XLB, XLF, XLV and XLE.
Market Internals
Market Sentiment – Bullish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 114.46. Vix – 16.68 and Vix Futures – 17.75.
The Week Ahead
Market Sentiment is slightly bullish. Skew is normal. Vix is below 17. Vix Futures is below 18. Market internals are is showing mixed signal. The market internals are showing mix signals. There appears to be volume distribution but market breadth is still positive. The market internals continue to change every day. The prognosis is for a volatile market to continue.
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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