Bursa KLCI

Z5 Fri, 26 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 25 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 24 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tues, 23 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 22 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 19 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 18 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 17 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tues, 16 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 12 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 11 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 10 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 9 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 8 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 5 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 4 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 3 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 2 January 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri, 29 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 28 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 27 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 26 December 2023

Z5 Daily
Z5 - Top 5 stocks for today.

8 January 2019 – A new high in the indices

Indices
Dow Transportation closed at 10983.64 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range is 180.48. 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 – Mixed. RSI – 58.1.

Dow Industrial closed at 28745.09 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 343.67. 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 – Mixed. RSI – 63.

Russell 2000 closed at 1663.5929 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 11.06. 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 – Weak Downward. RSI – 60.2.

Nasdaq 100 closed at 8912.3701 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 118.616. Fractal Chaos Band – closed abbove 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 – 74.1.

S&P 500 (SPX) closed at 3253.05 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 30.4. 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 – Mixed. RSI – 67.5.

Metals and Commodities
WTI Crude oil futures (CL) closed at $59.98 per barrel with a huge bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 6.5. Fractal Chaos Band – closed below 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 – 49.

Gold (/GC) gapped up and closed at 1557.5 with a big bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 59.9. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and falling slope. Short Cycle Wave – positive and falling slope. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 72.

Commodities (DBC) ETF closed at 15.94 with a big bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 0.39. 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 – Weak UpTrend. Momentum – Neutral. RSI – 51.6.

Bonds
Bond futures (/ZB) closed at 156’09 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 3.3437. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – positive and falling. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 45.8.

High Yield bond ETF (HYG) closed at 88.13 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.21. 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 – 62.4.

Currency
The dollar index ($DXY) closed at 97.313 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range – 0.532. Fractal Chaos Band – closed above 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 – 49.6.


EUR/USD closed at 1.1104 with a bearish candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range – 0.0066. Fractal Chaos Band – closed below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 48.5.

USD/JPY closed at 109.09 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.5919. Fractal Chaos Band – closed below its FCB lowerband. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 55.2.

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

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLK, SPY, SPX, XLI, XLY, XLV, XLF, XLP, XLU, XLB 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 – 136.42. Vix – 13.45 and Vix Futures – 14.05.   

The Week Ahead 
Skew is normal. Vix is below 14 and Vix futures is below 15. Market Internals are showing mix signal. The latest news that there is no escalation in the conflict between the US and Iran has emboldened the market to new highs. Also with the FED in a money printing mode, the market fundamentals will continue with the melt-up.

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.


Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>