Bursa KLCI

Z5 Thurs, 31 August 2023

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Z5 Wed, 30 August 2023

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Z5 Tues, 29 August 2023

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Z5 Mon, 28 August 2023

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Z5 Fri, 25 August 2023

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Z5 Thurs, 24 August 2023

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Z5 Wed, 23 August 2023

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Z5 Tues, 22 August 2023

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Z5 Mon, 21 August 2023

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Z5 Fri, 18 August 2023

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Z5 Thurs, 17 August 2023

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Z5 Wed, 16 August 2023

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Z5 Tues, 15 August 2023

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Z5 Mon, 14 August 2023

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Z5 11 August 2023

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Z5 10 August 2023

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Z5 9 August 2023

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Z5 Tues, 8 August 2023

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Z5 Mon, 7 August 2023

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Z5 Fri, 4 August 2023

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Z5 Thurs, 3 August 2023

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Z5 Wed, 2 August 2023

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Z5 Tues, 1 August 2023

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19 November 2019 – All Time highs and pullback

Indices
Dow Transportation closed at 10847.63 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range is 107.95. Fractal Chaos Band – closed 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 – 54.3.

Dow Industrial closed at 27934.02 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 195.69. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 70.6.

Russell 2000 closed at 1598.2916 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 10.92. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Downward. RSI – 63.1.

Nasdaq 100 gapped up and closed at 8338.7373 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 72.7. 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 – 72.7.

S&P 500 (SPX) closed at 3120.18 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 14.17. 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 – 73.4.

Metals and Commodities
WTI Crude oil futures (CL) closed at $55.25 per barrel with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 2.05. Fractal Chaos Band – closed below its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Weak Downwards. RSI – 46.9.

Gold (/GC) closed at 1472.6 with a small bullish candle below its 21 EMA, 50 SMA and above its 8 EMA, 200 SMA. Daily trading range – 10.7. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising slope. Medium Cycle Wave – negative and rising slope. Short Cycle Wave – positive and rising slope. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 44.8.

Commodities (DBC) ETF closed at 15.28 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.16. Fractal Chaos Band – closed 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 – 42.8.

Bonds
Bond futures (/ZB) closed at 158’21 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range – 1.2187. 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 UpTrend. Momentum – Strong Upward. RSI – 53.8.

High Yield bond ETF (HYG) closed at 86.52 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 0.31. Fractal Chaos Band – closed below its FCB lowerband. 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 – 39.4.

Currency
The dollar index ($DXY) closed at 97.824 with a doji candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 0.135. Fractal Chaos Band – closed within 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 – 47.5.


EUR/USD closed at 1.1077 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.0021. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 52.2.

USD/JPY closed at 108.52 with a bearish candle above its 50 SMA and below its 8 EMA, 21 EMA, 200 SMA. Daily trading range – 0.386. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 48.9.

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

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

Market Internals
Market Sentiment – Rather Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 127.46. Vix – 12.46 and Vix Futures – 15.25.   

The Week Ahead 
Vix Futures has gone up to below 16 which means the market is pricing in near future volatility. Market internals is giving mixed signals. Skew is normal. The indices continue to make new highs. Bond futures is now on the upTrend. The prognosis is for the market to come 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.


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