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Z5 Fri, 26 January 2024

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Z5 Fri, 19 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

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10 March 2020 – Indices bounced on stimulus

Indices
Dow Transportation closed at 8520.84 with a bullish marubozu candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range is 451.94. Fractal Chaos Band – closed below 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 – 28.1.

Dow Industrial gapped up and closed at 25018.16 with a big bullish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1330.65. Fractal Chaos Band – closed above 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 – 36.9.

Russell 2000 gapped up and closed at 1350.898 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 138.465. Fractal Chaos Band – closed below 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 – 27.2.

Nasdaq 100 gapped up and closed at 8372.2655 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 434.304. 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 – 40.7.

S&P 500 (SPX) gapped up and closed at 2882.23 with a big bullish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 148.59. 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 – 36.8.

Metals and Commodities
WTI Crude oil futures (CL) closed at $34.85 per barrel with a bullish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 4.82. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 28.4.

Gold (/GC) gapped up and closed at 1649.2 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 40.2. Fractal Chaos Band – closed within 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 – 59.4.

Commodities (DBC) ETF gapped up and closed at 12.71 with a small doji candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.4421. Fractal Chaos Band – closed below 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 – 26.6.

Bonds
Bond futures (/ZB) closed at 178’19 with a big bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 8.625. 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 – 70.9.

High Yield bond ETF (HYG) gapped up and closed at 82.64 with a big doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.74. Fractal Chaos Band – closed below 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 – 30.1.

Currency
The dollar index ($DXY) gapped up and closed at 96.482 with a big bullish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 1.515. Fractal Chaos Band – closed below 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 – 37.6.


EUR/USD closed at 1.1278 with a big bearish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.0183. 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 – Strong Upward. RSI – 65.7.

USD/JPY closed at 105.61 with a big bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 3.909. Fractal Chaos Band – closed below 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 Downward. RSI – 37.

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

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

Market Internals
Market Sentiment – Bearish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 121.38. Vix – 47.30 and Vix Futures – 45.05.   

The Week Ahead 
Oil recovered by a few dollars and is trading around the US$34 range. Indices bounced from its historic lows. Market Internals continue to show weakness. Vix closed at 47.30 which is huge. Oil prices will continue to be under pressure due to over-production and under-whelming demands for oil. The prognosis is for continuing market weakness.

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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