Bursa KLCI

Z5 Fri, 19 July 2024

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Z5 Thur, 18 July 2024

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Z5 Wed, 17 July 2024

Z5 Daily
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Z5 Tue, 16 July 2024

Z5 Daily
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Z5 Mon, 15 July 2024

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Z5 Fri, 12 July 2024

Z5 Daily
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Z5 Thur, 11 July 2024

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Z5 Wed, 10 July 2024

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Z5 Tue, 9 July 2024

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Z5 Mon, 8 July 2024

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Z5 Fri, 5 July 2024

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Z5 Thur, 4 July 2024

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Z5 Wed, 3 July 2024

Z5 Daily
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Z5 Tue, 2 July 2024

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Z5 Mon, 1 July 2024

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Z5 Fri 28 June 2024

Bursa Daily
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Z5 Thur, 27 June 2024

Bursa Daily
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Z5 Wed, 26 June 2024

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Z5 Tues, 25 June 2024

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Z5 Mon, 24 June 2024

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11 September 2019 – Indices continue upwards

Indices
Dow Transportation closed at 10761.19 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range is 173.58. Fractal Chaos Band – Closed 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 – 64.6.

Dow Industrial closed at 27137.04 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 251.56. 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 – 62.7.

Russell 2000 closed at 1575.7122 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 33.95. Fractal Chaos Band – above its FCB Upperband. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 63.4.

Nasdaq 100 closed at 7887.5806 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 76.27. Fractal Chaos Band – crossed above its FCB Upperband. 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 – 58.5.

S&P 500 (SPX) closed at 3000.93 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 25.62. 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 – 61.3.

Metals and Commodities
WTI Crude oil futures (CL) closed at $55.97 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 2.69. Fractal Chaos Band – crossed below its FCB Upperband. Long Cycle Wave – positive and flat. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong DownTrend. Momentum – Strong Upward. RSI – 51.3.

Gold (/GC) closed at 1505.1 with a bullish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 13.3. Fractal Chaos Band – below its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 47.6.

Commodities (DBC) ETF closed at 15.17 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range – 0.27. Fractal Chaos Band – above its 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 – 52.9.

Bonds
Bond futures (/ZB) closed at 160’23 with a small spinning top doji candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 0.9375. Fractal Chaos Band – Below its FCB Lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 40.1.

High Yield bond ETF (HYG) closed at 87.27 with a small spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.13. Fractal Chaos Band – within the 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 – 58.

Currency
The dollar index ($DXY) closed at 98.626 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.884. Fractal Chaos Band – closed 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 – Weak Downward. RSI – 57.2.


EUR/USD closed at 1.101 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.007. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and falling. Market direction – Weak DownTrend. Momentum – Weak Upward. RSI – 39.7.

USD/JPY closed at 107.79 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.376. Fractal Chaos Band – above its 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 – 62.5.

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

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, /ES, SPY, SPX, XLY, XLK, XLP, XLU, XLF, XLB, 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 – 119.95. Vix – 14.61 and Vix Futures – 15.75.   

The Week Ahead 
Market internals continue to show strength which is good for equities. Skew is normal. Vix is below 15 and Vix futures is below 16. Bond futures continue to pullback. The prognosis is for continued rise in the indices.

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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