Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)
Futures (ES, NQ, GC, CL) – 27 June 2017
27 June 2017
Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)
Futures (ES, NQ, GC, CL) – 23 June 17
23 June 2017
Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)
Options – 18 December 15 Monthly Income – Bull PUT on SPX
Update
14 December 2015
We closed this CALL credit spread and bought it back for $0.05. Overall, it was a small profit to be redeployed for the next trade.
8 December 2015
We sold a monthly CALL credit spread at 2135/2145 for $1.10. The total Return-on-Risk for this new trade is 1.10/8.90 = 12.36 % excluding transaction cost.
The PUT credit spread was closed for $1.75.
27 November 2015
We sold a monthly PUT credit spread at 2015/2005 for $1.15. The total Return-on-Risk for this new trade is 1.15/8.85 = 13.00 % excluding transaction cost. Expiration is at 9:30 am, 18 December 2015 (EST)
Options – 21 August 15 Monthly Income – Bull PUT on SPX
Update
21 August 2015
This PUT credit spread expired worthless. The Settlement price was 2015.47.
13 July 2015
We sold a monthly PUT credit spread at 1980/1970 for $1.30. The total Return-on-Risk for this new trade is 1.30/8.70 = 14.94 % excluding transaction cost. Expiration is at 9:30 am, 21
August 2015 (EST)
Options – 17 July 15 Monthly Income – Bull PUT on SPX
Update
13 July 2015
We closed this trade by buying it back for $0.05. Option expiration is this coming Friday morning.
15 June 2015
We sold a monthly PUT credit spread at 1980/1970 for $1.30. The total Return-on-Risk for this new trade is 1.30/8.70 = 14.94 % excluding transaction cost. Expiration is at 9:30 am, 17
July 2015 (EST)
Options – 18 June 15 Monthly Income – Bear Call on SPX
Update
5 June 2015
We closed this trade by buying it back for $0.05. Option expiration is another 2 weeks away.
18 May 2015
We sold a monthly CALL credit spread at 2185/2195 for $1.05. The total Return-on-Risk for this new trade is 1.05/8.95 = 11.7 % excluding transaction cost. Expiration is at 9:30 am, 19 June 2015 (EST)
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Background
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Indices Dow Transportation closed at 10622.92 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 88.94. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – negative and falling. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 56.2.
Dow Industrial closed at 27171.90 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 138.87. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and falling. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 65.1.
Russell 2000 closed at 1544.7833 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 10.74. Fractal Chaos Band – below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 47.2.
Nasdaq 100 closed at 7905.1193 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 83.57. Fractal Chaos Band – 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 – Strong Downward. RSI – 60.7.
S&P 500(SPX) closed at 2985.03 with a doji candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 14.1. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 57.8.
Metals and Commodities WTI Crude oil futures (CL) closed at $56.22 per barrel with a doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.21. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 44.4.
Gold (/GC) closed at 1425.5 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 7.8. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Weak Downward. RSI – 58.9.
Commodities (DBC) ETF closed at 15.51 with a doji candle below 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.1. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 45.
Bonds Bond futures (/ZB) closed at 154’27 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.8437. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 53.3.
High Yield bond ETF (HYG) closed at 86.88 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.29. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong UpTrend. Momentum – Strong Downward. RSI – 52.6.
Currency The dollar index ($DXY) closed at 97.292 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.228. Fractal Chaos Band – within 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 – Strong Upward. RSI – 54.1.
EUR/USD closed at 1.1208 with a small doji candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.0019. Fractal Chaos Band – 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 – 43.3.
USD/JPY closed at 107.85 with a small bullish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.371. Fractal Chaos Band – 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 – Strong Downward. RSI – 46.6.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK.
On a 6-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 is XLK.
Market Internals Market Sentiment – Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew -125.36. Vix – 13.53 and Vix Futures – 15.25.
The Week Ahead Market Sentiment remains bullish. Market internals are giving down trend signals. Skew is normal. Vix is below 14 and Vix Futures is below 16. Vix futures is signalling volatility. The prognosis is for increased in volatility and selling pressure on the indices.
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.
Indices (Weekly chart) Dow Transportation closed at 10604.20 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 473.29. Fractal Chaos Band – Within 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 – 53.6.
Dow Industrial closed at 27154.20 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 329.89. Fractal Chaos Band – Above its FCB. Long Cycle Wave – positive and rising. Medium CycleWave – positive and rising. Short cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. It is in a monthly Squeeze. RSI – 61.2.
Russell 2000 closed at 1547.896 with a bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 27.86. Fractal Chaos Band – Within FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and rising slope. Short cycle Wave – positive and rising slope. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 50.4.
Nasdaq 100 closed at 7834.8968 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 142.3. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short cycle – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 60.7.
S&P 500 closed at 2976.61 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 44.71. Fractal Chaos Band – 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 Upward. RSI – 60.2.
Metals and Commodities (Weekly charts) WTI Crude oil futures (CL) closed at $55.86 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range was 6.07. Fractal Chaos Band – Within FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short cycle – positive and falling. Market direction:- Strong DownTrend. Momentum – Weak Upward.
Gold futures (GC) closed at 1426.5 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 53.1. Fractal Chaos Band – Within FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short cycle – positive and falling. Market direction:- Weak UpTrend. Momentum – Strong Upward.
Bonds (Weekly charts) Bond futures (/ZB) closed at 154’22 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range was 2.22. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short cycle – positive and falling. Market direction:- Weak UpTrend. Momentum – Weak Upward.
High Yield bond ETF (HYG) closed at 86.59 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 0.56. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short cycle – positive and falling. Market direction:- Weak UpTrend. Momentum – Weak Upward. RSI – 55.1.
Currencies (Weekly charts) The dollar index ($DXY) closed at 1.1219 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range – 0.0084. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and falling. Short cycle – negative and falling. Market direction:- Strong DownTrend. Momentum – Strong Downward. RSI – 46.1.
EUR/USD closed at 1.1219 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 0.0084. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and falling. Short cycle – negative and falling. Market direction:- Strong DownTrend. Momentum – Strong Downward. RSI – 46.1.
USD/JPY closed at 107.79 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 1.17. Fractal Chaos Band – Below its FCB LowerBand. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short cycle – negative and rising. Market direction:- Weak DownTrend. Momentum – Strong Downward. RSI – 38.3.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB and XLP respectively.
On a 6-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK and XLP respectively.
Market Internals Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is sloping downwards showing distribution. Skew is at 125.50. Vix is at 14.45 and Vix futures 15.58.
The Week Ahead Market Sentiment continues to be bullish. Market Internals are showing weaknesses. Vix is below 15 and Vix futures is now below 16. Skew is normal. The market is weakness in the face of uncertainties. There are self-inflicted problems with Iran, USA – China Trade war, Brexit and general market weakness in world markets. The prognosis is for more uncertainties and 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.
Indices Dow Transportation closed at 10537.51 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 135.87. Fractal Chaos Band – 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 – Weak Upward. RSI – 53.8.
Dow Industrial closed at 27222.97 with a small spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 198.02. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 68.
Russell 2000 closed at 1555.6239 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 11.39. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle – negative and falling. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 51.6.
Nasdaq 100 closed at 7904.1321 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 84.84. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Upward. RSI – 62.8.
S&P 500(SPX) closed at 2995.11 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 25.19. Fractal Chaos Band – within the 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 Upward. RSI – 61.9.
Indices Dow Transportation closed at 10406.93 with a big bearish marubozu candle below its 8 EMA, 21 EMA and above its 50 SMA and 200 SMA. Daily trading range 391.5. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak DownTrend. Momentum – Weak Upward. RSI – 49.9.
Dow Industrial closed at 27219.85 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 124.68. Fractal Chaos Band – Above its FCB. Long Cycle Wave – positive and rising. Medium Cycle – positive and rising. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 68.
Russell 2000 closed at 1550.7777 with a bearish marubozu candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 14.24. Fractal Chaos Band – below its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle – negative and falling. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 49.7.
Nasdaq 100 closed at 7888.762 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 53.12. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 61.8.
S&P 500(SPX) closed at 2984.42 with a bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 21.01. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Upward. RSI – 59.5.
Indices Dow Transportation closed at 10794.59 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 275.35. Fractal Chaos Band – 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 Upward. RSI – 64.9.
Dow Industrial closed at 27335.63 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 108.44. Fractal Chaos Band – Above its FCB. Long Cycle Wave – positive and rising. Medium Cycle – positive and rising. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 73.5.
Russell 2000 closed at 1561.9951 with a doji candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 11.38. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle – negative and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 54.3.
Nasdaq 100 closed at 7927.0771 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 61.98. Fractal Chaos Band – above 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 – 65.6.
S&P 500(SPX) closed at 3004.04 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 13.87. Fractal Chaos Band – above the 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 – 66.7.
Indices Dow Transportation closed at 10601.03 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 82.47. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 59.2.
Dow Industrial closed at 27359.16 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 70.52. Fractal Chaos Band – Above its FCB. Long Cycle Wave – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 74.6.
Russell 2000 closed at 1561.8203 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 15.1. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle – positive and falling. Market direction – Weak UpTrend. Momentum – Neutral. RSI – 54.2.
Nasdaq 100 closed at 7966.9262 with a small hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 29.3406. Fractal Chaos Band – 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 Upward. RSI – 69.7.
S&P 500(SPX) closed at 3014.30 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 9.03. Fractal Chaos Band – above the 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 – 70.9.
Indices (Weekly chart) Dow Transportation closed at 10637.31 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 394.75. Fractal Chaos Band – Within FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 54.3.
Dow Industrial closed at 27332.03 with a small bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 668.22. Fractal Chaos Band – Broke above its FCB. Long Cycle Wave – positive and rising. Medium CycleWave – positive and rising. Short cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. It has exited its weekly Squeeze. RSI – 63.3.
Russell 2000 closed at 1569.9984 with a tiny candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 23.23. Fractal Chaos Band – Within 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. It has exited its weekly Squeeze. RSI – 53.5.
Nasdaq 100 closed at 7943.2411 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 195.84. Fractal Chaos Band – Above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 64.2.
S&P 500 closed at 3013.77 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 50.48. Fractal Chaos Band – 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 Upward. RSI – 64.2.
Indices Dow Transportation closed at 10390.04 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 160.67. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – UpTrend. Momentum – Upward. RSI – 52.2.
Dow Industrial closed at 27088.08 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 228.28. Fractal Chaos Band – Broke above its FCB. Long Cycle Wave – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 69.9.
Russell 2000 closed at 1557.9207 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 15.55. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle – negative and falling. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 53.6.
Nasdaq 100 closed at 7896.7758 with a small spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 61.434. Fractal Chaos Band – 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 Upward. RSI – 66.4.
S&P 500(SPX) closed at 2999.91 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 13.53. Fractal Chaos Band – above the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Upward. RSI – 68.5.
Indices Dow Transportation closed at 10291.64 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 162.29. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 47.9.
Dow Industrial closed at 26860.20 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 199.96. Fractal Chaos Band – Within its FCB. Long Cycle – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 64.9.
Russell 2000 closed at 1568.3 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 17.8. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle – positive and falling. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 56.3.
Nasdaq 100 closed at 7925 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 138.25. Fractal Chaos Band – 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 Upward. RSI – 67.1.
S&P 500(SPX) closed at 2996.25 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 36.25. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Weak Upward. RSI – 66.8.
Indices Dow Transportation closed at 10339.01 with a small bearish candle below its 8 EMA, 50 SMA and and on its 21 EMA, 200 SMA. Daily trading range – 111.14. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 49.9.
Dow Industrial closed at 26783.49 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 142.13. Fractal Chaos Band – Within its FCB. Long Cycle – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – Strong UpTrend. Momentum – Weak Downward. RSI – 63.
Russell 2000 closed at 1562.5885 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 8.61. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle – positive and falling. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 55.7.
Nasdaq 100 closed at 7846.75 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 115.75. Fractal Chaos Band – 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 – Strong Upward. RSI – 63.3.
S&P 500(SPX) closed at 2979.63 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 18.46. Fractal Chaos Band – within the 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 – 65.
22 July 2019 – A volatility bounce
Indices
Dow Transportation closed at 10622.92 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 88.94. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – negative and falling. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 56.2.
Dow Industrial closed at 27171.90 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 138.87. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and falling. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 65.1.
Russell 2000 closed at 1544.7833 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 10.74. Fractal Chaos Band – below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 47.2.
Nasdaq 100 closed at 7905.1193 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 83.57. Fractal Chaos Band – 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 – Strong Downward. RSI – 60.7.
S&P 500 (SPX) closed at 2985.03 with a doji candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 14.1. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 57.8.
Metals and Commodities
WTI Crude oil futures (CL) closed at $56.22 per barrel with a doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.21. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 44.4.
Gold (/GC) closed at 1425.5 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 7.8. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Weak Downward. RSI – 58.9.
Commodities (DBC) ETF closed at 15.51 with a doji candle below 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.1. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 45.
Bonds
Bond futures (/ZB) closed at 154’27 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.8437. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 53.3.
High Yield bond ETF (HYG) closed at 86.88 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.29. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong UpTrend. Momentum – Strong Downward. RSI – 52.6.
Currency
The dollar index ($DXY) closed at 97.292 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.228. Fractal Chaos Band – within 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 – Strong Upward. RSI – 54.1.
EUR/USD closed at 1.1208 with a small doji candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.0019. Fractal Chaos Band – 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 – 43.3.
USD/JPY closed at 107.85 with a small bullish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.371. Fractal Chaos Band – 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 – Strong Downward. RSI – 46.6.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK.
On a 6-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 is XLK.
Market Internals
Market Sentiment – Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew -125.36. Vix – 13.53 and Vix Futures – 15.25.
The Week Ahead
Market Sentiment remains bullish. Market internals are giving down trend signals. Skew is normal. Vix is below 14 and Vix Futures is below 16. Vix futures is signalling volatility. The prognosis is for increased in volatility and selling pressure on the indices.
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