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

Z5 Daily
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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

Z5 Daily
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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

Z5 Daily
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Z5 Fri, 29 December 2023

Z5 Daily
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Z5 Thur, 28 December 2023

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Z5 Wed, 27 December 2023

Z5 Daily
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Z5 Tue, 26 December 2023

Z5 Daily
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30 December 2019 – Indices pulled back

Indices
Dow Transportation closed at 10874.58 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range is 91.61. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 53.9.

Dow Industrial closed at 28462.14 with a bearish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 235.71. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 62.6.

Russell 2000 closed at 1664.1501 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 12.17. Fractal Chaos Band – closed above its FCB upperband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 64.1.

Nasdaq 100 closed at 8709.7271 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 99.055. Fractal Chaos Band – closed above its FCB upperband. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 70.6.

S&P 500 (SPX) closed at 3221.29 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 24.35. Fractal Chaos Band – closed above its FCB upperband. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 68.7.

Metals and Commodities
WTI Crude oil futures (CL) closed at $61.66 per barrel with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.25. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Weak UpTrend. RSI – 65.9.

Gold (/GC) closed at 1518.2 with a tiny bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 5.6. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive 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 – 73.3.

Commodities (DBC) ETF gapped up and closed at 16.05 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.2. Fractal Chaos Band – closed within 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 – 61.1.

Bonds
Bond futures (/ZB) closed at 156’15 with a bearish hammer candle below its 8 EMA, 50 SMA and above its 21 EMA, 200 SMA. Daily trading range – 1.5312. 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 DownTrend. Momentum – Strong Upward. RSI – 41.7.

High Yield bond ETF (HYG) closed at 87.86 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.247. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 61.2.

Currency
The dollar index ($DXY) closed at 96.739 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.408. 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 – 32.8.


EUR/USD closed at 1.1197 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0049. 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 – 68.8.

USD/JPY closed at 108.85 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 0.702. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 41.3.

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

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

Market Internals
Market Sentiment – Extremely Bullish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 133.56. Vix – 14.82 and Vix Futures – 15.45.   

The Week Ahead 
Skew is normal. Vix is below 15 and Vix futures is below 16. Market Internals continue to show strength and market sentiment is showing bullishness. The indices have pulled back slightly. The prognosis is for the market to trend sideways but it will come under some 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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