Indices Dow Transportation gapped down and closed at 10887.56 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range is 132.88. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 52.8.
Dow Industrial closed at 28583.68 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 138.1. 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 – Weak Downward. RSI – 59.1.
Russell 2000 closed at 1658.3052 with a small doji candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 9.934. 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 – Neutral. Momentum – Strong Downward. RSI – 57.4.
Nasdaq 100 gapped down and closed at 8846.4489 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 50.787. 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 – Weak Upward. RSI – 71.1.
S&P 500(SPX) closed at 3237.18 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 13.85. 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 – Weak Downward. RSI – 64.3.
Metals and Commodities WTI Crude oil futures (CL) closed at $62.69 per barrel with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.04. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – weak Upward. RSI – 71.9.
Gold (/GC) gapped up and closed at 1576.1 with a hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 22.2. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and rising slope. Short Cycle Wave – positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 87.4.
Commodities (DBC) ETF closed at 16.18 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.1. Fractal Chaos Band – closed on its FCB upperband. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 63.7.
Bonds Bond futures (/ZB) closed at 157’14 with a small bearish candle below its 50 SMA and above its 8 EMA, 21 EMA, 200 SMA. Daily trading range – 0.75. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 53.
High Yield bond ETF (HYG) closed at 88.05 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.12. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 60.7.
Currency The dollar index ($DXY) closed at 96.967 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.47. Fractal Chaos Band – closed 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 Upward. RSI – 43.1.
EUR/USD closed at 1.1151 with a bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0063. 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 – 54.1.
USD/JPY closed at 108.43 with a small bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.394. Fractal Chaos Band – closed below its FCB lowerband. 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 – 41.1.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, SPX, SPY, XLK, /ES, XLY, XLV, XLF, XLE,, XLU, XLB and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLK, SPX, SPY, XLY, /ES, XLF, XLV, XLU, XLP, XLB and XLE.
Market Internals Market Sentiment – Extremely Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 129.78. Vix – 13.79 and Vix Futures – 15.41.
The Week Ahead Skew is normal. Vix is below 14 and Vix futures is below 16. Market Internals are weakening but market sentiment is still showing extreme bullishness. With the latest news of Iran retaliating, the situation in theMiddle East looks set to deteriorate. T.
Volatility continues to increase due to uncertainty in the Middle East. The prognosis is for the indices 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.
7 January 2020 – Indices tumble
Indices
Dow Transportation gapped down and closed at 10887.56 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range is 132.88. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 52.8.
Dow Industrial closed at 28583.68 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 138.1. 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 – Weak Downward. RSI – 59.1.
Russell 2000 closed at 1658.3052 with a small doji candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 9.934. 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 – Neutral. Momentum – Strong Downward. RSI – 57.4.
Nasdaq 100 gapped down and closed at 8846.4489 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 50.787. 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 – Weak Upward. RSI – 71.1.
S&P 500 (SPX) closed at 3237.18 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 13.85. 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 – Weak Downward. RSI – 64.3.
Metals and Commodities
WTI Crude oil futures (CL) closed at $62.69 per barrel with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.04. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – weak Upward. RSI – 71.9.
Gold (/GC) gapped up and closed at 1576.1 with a hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 22.2. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and rising slope. Short Cycle Wave – positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 87.4.
Commodities (DBC) ETF closed at 16.18 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.1. Fractal Chaos Band – closed on its FCB upperband. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 63.7.
Bonds
Bond futures (/ZB) closed at 157’14 with a small bearish candle below its 50 SMA and above its 8 EMA, 21 EMA, 200 SMA. Daily trading range – 0.75. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 53.
High Yield bond ETF (HYG) closed at 88.05 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.12. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 60.7.
Currency
The dollar index ($DXY) closed at 96.967 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.47. Fractal Chaos Band – closed 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 Upward. RSI – 43.1.
EUR/USD closed at 1.1151 with a bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0063. 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 – 54.1.
USD/JPY closed at 108.43 with a small bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.394. Fractal Chaos Band – closed below its FCB lowerband. 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 – 41.1.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, SPX, SPY, XLK, /ES, XLY, XLV, XLF, XLE,, XLU, XLB and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLK, SPX, SPY, XLY, /ES, XLF, XLV, XLU, XLP, XLB and XLE.
Market Internals
Market Sentiment – Extremely Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 129.78. Vix – 13.79 and Vix Futures – 15.41.
The Week Ahead
Skew is normal. Vix is below 14 and Vix futures is below 16. Market Internals are weakening but market sentiment is still showing extreme bullishness. With the latest news of Iran retaliating, the situation in theMiddle East looks set to deteriorate. T.
Volatility continues to increase due to uncertainty in the Middle East. The prognosis is for the indices 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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