Bursa KLCI

Z5 Fri, 26 January 2024

Z5 Daily
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Z5 Thur, 25 January 2024

Z5 Daily
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Z5 Wed, 24 January 2024

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Z5 Tues, 23 January 2024

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Z5 Mon, 22 January 2024

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Z5 Fri, 19 January 2024

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Z5 Thur, 18 January 2024

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Z5 Wed, 17 January 2024

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Z5 Tues, 16 January 2024

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Z5 Fri, 12 January 2024

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Z5 Thur, 11 January 2024

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Z5 Wed, 10 January 2024

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Z5 Tue, 9 January 2024

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Z5 Mon, 8 January 2024

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Z5 Fri, 5 January 2024

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Z5 Thur, 4 January 2024

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Z5 Wed, 3 January 2024

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Z5 Tue, 2 January 2024

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Z5 Fri, 29 December 2023

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Z5 Thur, 28 December 2023

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Z5 Wed, 27 December 2023

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Z5 Tue, 26 December 2023

Z5 Daily
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19 December 2019 – Indices surged upwards, warning signs?

Indices
Dow Transportation closed at 10804.78 with a bullish inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range is 74.68. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 52.4.

Dow Industrial closed at 28376.96 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 142.2. Fractal Chaos Band – closed 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 – 67.2.

Russell 2000 closed at 1667.0938 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 6.61. Fractal Chaos Band – closed 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 – 72.

Nasdaq 100 closed at 8641.2913 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 62.12. Fractal Chaos Band – closed 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 – 74.9.

S&P 500 (SPX) closed at 3205.37 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 14.34. Fractal Chaos Band – closed 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 – 73.2.

Metals and Commodities
WTI Crude oil futures (CL) closed at $61.08 per barrel with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.71. 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 Upwards. RSI – 67.6.

Gold (/GC) closed at 1482.7 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 8.7. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising slope. Medium Cycle Wave – positive and rising slope. Short Cycle Wave – positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 54.4.

Commodities (DBC) ETF closed at 16.13 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.09. Fractal Chaos Band – closed 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 – 70.1.

Bonds
Bond futures (/ZB) closed at 156’0 with a doji candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 1.0312. 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 – 38.9.

High Yield bond ETF (HYG) gapped down and closed at 87.85 with a bearish hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.49. Fractal Chaos Band – closed 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 – 63.6.

Currency
The dollar index ($DXY) closed at 97.405 with a doji candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.262. 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 – Strong Upward. RSI – 46.1.


EUR/USD closed at 1.1119 with a inverted ‘hammer’ candle above its 21 EMA, 50 SMA and below its 8 EMA, 200 SMA. Daily trading range – 0.0036. Fractal Chaos Band – closed 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 – Weak Downward. RSI – 56.1.

USD/JPY closed at 109.53 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.229. Fractal Chaos Band – closed 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 – 56.

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

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

Market Internals
Market Sentiment – Extremely Bullish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 150.14. Vix – 12.50 and Vix Futures – 14.80.   

The Week Ahead 
Skew is at 150.14 which means that the tail risk has increased to high risk. Vix is below 13 and Vix futures is below 15. Market Internals continue to show strength and market sentiment is showing extreme bullishness. The indices are overbought both in the daily and weekly chart. The prognosis is this to continue to be overbullishness and recklessness. Trade with caution.

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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