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)
The Academy of Stocks, Options, Futures and Forex (SOFF Academy) brings to you algorithmic trading and our latest development in the use of Artificial Intelligence (人工智能) for trading Stocks, Options, Futures and Forex. This is our way advancing the art of Technical Analysis and the proof of it is in our ability is an continuous uptrending Equity curve in our accounts.
Background
I am Jeff Toh and founder of the Academy of Stocks, Options, Futures and Forex. I am a Chartered Market Technician (CMT) with over 30 plus years of investing experience. Over the years, I have invested in mutual funds and stocks and traded in options, stocks and futures. I was an engineer in the telecommunications and broadcast industry for about 27 years since graduating from the University of Canterbury, New Zealand in 1986. One of my majoring subject was Expert Systems which has evolved and grown into Artificial Intelligence (AI, 爱) which I have utilised it in my trading systems.
Over the years, I have maintained an interest in AI (爱) and has seen its tremendous progress. Now, with the same dedication that I have spent over the nearly 3 decades in engineering and management, I am pioneering the use of algorithmic and AI (爱) in trading the global stocks, futures and forex market especially in the Asian region.
The Academy of Stocks, Options, Futures and Forex (SOFF Academy) has created our Artificial InteLLigence Heroine, LiLiHe (李丽鹤). The basic foundation behind LiliHe is the use of statistical analysis, fractals and waves momentum in Multi-TimeFrames. In greater details, it translate to Buying and Selling pressure using Pricing, Volume and Timing in multi-dimensions.
Fractals were made famous from the work done by Benoit Mandelbrot in Chaos Theory to describe the market seemingly random action. LiLiHe analyses and parses market data to seek out the superior market correlated signals in different timeframes. LiLiHe characterizes market conditions in the different timeframes and applies different algorithms as condition changes. The intent is to seek outsized returns of 30% – 150% in the markets (stocks, futures and forex) consistently.
I am the co-chair of the Malaysian Chapter of the Chartered Market Technicians Association. Please do not hesitate to contact me on jefftohch@gmail.com for any inquiries on training courses to take you to a long term journey to wealth!
Indices (Weekly chart) Dow Transportation closed at 10438.81 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 471.12. Intermediate Cycle is positive with falling slope. Short term cycle is negative with falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Dow Industrial closed at 25444.34 with a low closing spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 581.67. Intermediate Cycle is positive and falling slope. Short term cycle is positive and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1542.0418 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 60.46. Intermediate Cycle is positive and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7107.233 with a low closing doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 264.377. Intermediate Cycle is positive and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
S&P 500 closed at 2767.78 with a low closing spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 67.91. Intermediate Cycle is positive and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $69.54 per barrel with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 4.17. Intermediate Cycle is positive and falling slope. Short term cycle is positive and falling slope. Market direction:- Neutral. Fractal Bias – Bearish.
Gold futures (GC) closed at 1230.0 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 16.5. Intermediate Cycle is negative and rising. Short term cycle is negative and rising. Market direction:- Buy. Fractal Bias – Bullish.
Agriculture (DBA) ETF closed at 17.54 with a low closing doji candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Weekly trading range was 0.3. Intermediate Cycle is negative and rising. Short term cycle is negative and rising. Market direction:- Buy. Fractal Bias – Bullish.
Commodities (DBC) ETF closed at 17.75 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.44. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 137’28 with a bearish candle pattern below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.3437. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
High Yield bond ETF (HYG) closed at 84.90 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.555. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 95.642 with a bullish ‘rolling pin’ candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.304. Intermediate Cycle is positive and falling slope. Short term cycle is positive and rising slope. Market direction:- Neutral. Fractal Bias – Bullish.
EUR/USD closed at 1.1516 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0188. Intermediate Cycle is negative and rising slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
USD/JPY closed at 112.54 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.1. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.
6S (Swiss Franc) closed at 1.0086 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.014. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Neutral. It is in monthly Squeeze.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLK, XLV and XLF respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLV, XLK and XLF respectively.
Market Internals
Market Sentiment is bearish. Market Breadth continues to slope downwards showing more losers than gainers. Volume Acc/Dis is sloping downwards showing distribution. Skew is at 124.94. Vix is at 19.89 and Vix futures 18.55.
The Week Ahead
Market Internals continues to signal bearishness. Skew is normal. Vix and Vix futures are in backwardation which means that the market is expecting the current volatility to go down. The Russell 2000 futures and Dow Transportation is Oversold. The prognosis is for a double bottom and a reversal upwards. Volatility is expected to continue.
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 10404.24 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 310.39. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Dow Industrial closed at 25379.45 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above 200 SMA. Daily trading range was 470.67. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and rising slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1560.7525 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 34.03. Intermediate Cycle is negative and rising. Short Cycle is negative and rising. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7116.0883 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA and above its 200 SMA. Daily trading range was 196.745. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2768.78 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA and on its 200 SMA. Daily trading range was 54.03. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish.
Metals and Commodities
WTI Crude oil futures (CL) closed at $68.71 per barrel with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA and above its 200 SMA. Daily trading range was 1.52. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Gold futures (GC) closed at 1228.9 with a ‘rolling pin’ candle above its 8 EMA, 21 EMA and 50 SMA and below its 200 SMA. Daily trading range was 11.9. Intermediate Cycle is positive and rising. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
Agriculture (DBA) ETF closed at 17.55 with a bearish marubozu candle on its 8 EMA and above its 21 EMA and 50 SMA and below its 200 SMA. Daily trading range was 0.2. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Bullish.
Commodities (DBC) ETF closed at 17.65 with a doji candle below its 8 EMA and 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.23. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Bonds
Bond futures (/ZB) closed at 138’01 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.9375. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Neutral. Fractal Bias – Neutral. It is OverSold.
High Yield bond ETF (HYG) closed at 84.85 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.36. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias- Bearish.
Currency
The dollar index ($DXY) closed at 95.985 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.51. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish. It is in a Weekly Squeeze.
EUR/USD closed at 1.1452 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0077. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.
USD/JPY closed at 112.17 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.78. Intermediate Cycle is positive and falling slope. Short Cycle is negative and rising slope. Market direction: Neutral. Fractal Bias – Bearish.
6S (Swiss Franc) – closed at 1.0094 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0054. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLV, XLP and XLK.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLV, XLU, XLP and XLK respectively.
Market Internals
Market Sentiment is bearish. Market Breadth continues to slope downwards showing more losers than gainers. Volume Accumulation/Distribution is sloping upwards and is showing accumulation. Vix is at 20.06. Vix futures is at 18.32. Skew is at 125.96.
The Week Ahead
Market Sentiment is bearish. Vix has shot up above 20 and Vix futures is above 18. Vix is in backwardation which means that the market is expecting short term volatility. Market internals is showing mixed signal when the market breadth is showing continuing losers to gainers but the accumulaiton volume is increasing.
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 10683.82 with a bearish piercing line candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 255.03. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and rising slope. Market direction – Sell. Fractal Bias – Bearish.
Dow Industrial closed at 25706.68 with a doji candle below its 8 EMA, 21 EMA, 50 SMA and above 200 SMA. Daily trading range was 330.93. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and rising slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1589.6042 with a hammer candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 25.33. Intermediate Cycle is negative and rising. Short Cycle is negative and rising. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7278.6311 with a hammer candle above its 8 EMA and 200 SMA and below its 21 EMA and 50 SMA. Daily trading range was 106.09. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2809.21 with a high closing spinning top doji candle on its 8 EMA and above its 200 SMA and below its 21 EMA and 50 SMA. Daily trading range was 35.13. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish.
Indices Dow Transportation closed at 10744.85 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 203.56. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and rising slope. Market direction – Sell. Fractal Bias – Bearish.
Dow Industrial closed at 25798.42 with a big bullish marubozu candle above its 8 EMA and 200 SMA and below its 21 EMA and 50 SMA. Daily trading range was 567.13. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and rising slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1596.8372 with a big bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 44.915. Intermediate Cycle is negative and falling. Short Cycle is negative and rising. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7276.43 with a big bullish candle above its 8 EMA and 200 SMA and below its 21 EMA and 50 SMA. Daily trading range was 222.5901. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2809.92 with a bullish marubozu candle on its 8 EMA and above its 200 SMA and below its 21 EMA and 50 SMA. Daily trading range was 62.67. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish.
Indices Dow Transportation closed at 10553.97 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA in Oversold condition. Daily trading range was 115.77. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Dow Industrial closed at 25250.55 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 238.54. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1553.0948 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 24.75. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7068.6706 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and found support at its 200 SMA. Daily trading range was 109.7382. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2750.79 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 26.96. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Indices (Weekly chart) Dow Transportation closed at 10489.29 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 904.06. Intermediate Cycle is positive with falling slope. Short term cycle is negative with falling slope. Market direction:- Sell. Fractal Bias – Neutral.
Dow Industrial closed at 25339.99 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 1640.17 Intermediate Cycle is positive and falling slope. Short term cycle is positive and falling slope. Market direction:- Sell. Fractal Bias – Neutral.
Russell 2000 closed at 1546.68 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 105.007. Intermediate Cycle is positive and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7157.21 with a bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 537.47. Intermediate Cycle is positive and falling. Short term cycle is positive and falling. Market direction:- Sell. Fractal Bias – Bearish.
S&P 500 closed at 2767.13 with a big bearish candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 184.32. Intermediate Cycle is positive and falling slope. Short term cycle is positive and falling slope. Market direction:- Sell. Fractal Bias – Neutral.
Indices Dow Transportation closed at 10397.23 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 324.03. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Dow Industrial closed at 25052.83 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 783.87. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1545.38 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 35.51. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 6964.03 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 227.20. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2728.37 with a huge bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 84.63. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Indices Dow Transportation closed at 10550.92 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 449.44. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Dow Industrial closed at 25598.74 with a huge bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 848.08. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1575.41 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 46.61. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 gapped down and closed at 7044.49 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and on its 200 SMA. Daily trading range was 329.56. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2785.68 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 95.48. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Indices Dow Transportation closed at 10996.08 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 225.62. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Dow Industrial closed at 26430.57 with a spinning top doji candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 215.78. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction – Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1621.8654 with an inverted hammer candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 14.74. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7371.62 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 90.5. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2880.34 with a spinning top doji candle below its 8 EMA and 21 EMA and on its 50 SMA. Daily trading range was 20.56. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Indices Dow Transportation closed at 11203.90 with a high closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 184.74. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Dow Industrial closed at 26486.78 with a bullish candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 306.26. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction – Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1629.515 with a high closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 17.20. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7352.8231 with a doji candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 148.52. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2884.43 with a bullish spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 27.37. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
19 October 2018 – Has bond bottomed?
Indices (Weekly chart)
Dow Transportation closed at 10438.81 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 471.12. Intermediate Cycle is positive with falling slope. Short term cycle is negative with falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Dow Industrial closed at 25444.34 with a low closing spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 581.67. Intermediate Cycle is positive and falling slope. Short term cycle is positive and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1542.0418 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 60.46. Intermediate Cycle is positive and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 7107.233 with a low closing doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 264.377. Intermediate Cycle is positive and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
S&P 500 closed at 2767.78 with a low closing spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Weekly trading range was 67.91. Intermediate Cycle is positive and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $69.54 per barrel with a bearish candle below its 8 EMA and above its 21 EMA and 50 SMA. Weekly trading range was 4.17. Intermediate Cycle is positive and falling slope. Short term cycle is positive and falling slope. Market direction:- Neutral. Fractal Bias – Bearish.
Gold futures (GC) closed at 1230.0 with a bullish candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 16.5. Intermediate Cycle is negative and rising. Short term cycle is negative and rising. Market direction:- Buy. Fractal Bias – Bullish.
Agriculture (DBA) ETF closed at 17.54 with a low closing doji candle above its 8 EMA and on its 21 EMA and below its 50 SMA. Weekly trading range was 0.3. Intermediate Cycle is negative and rising. Short term cycle is negative and rising. Market direction:- Buy. Fractal Bias – Bullish.
Commodities (DBC) ETF closed at 17.75 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.44. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 137’28 with a bearish candle pattern below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.3437. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
High Yield bond ETF (HYG) closed at 84.90 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.555. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 95.642 with a bullish ‘rolling pin’ candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.304. Intermediate Cycle is positive and falling slope. Short term cycle is positive and rising slope. Market direction:- Neutral. Fractal Bias – Bullish.
EUR/USD closed at 1.1516 with a spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0188. Intermediate Cycle is negative and rising slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
USD/JPY closed at 112.54 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1.1. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.
6S (Swiss Franc) closed at 1.0086 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.014. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Neutral. It is in monthly Squeeze.
Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLK, XLV and XLF respectively.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLV, XLK and XLF respectively.
Market Internals
Market Sentiment is bearish. Market Breadth continues to slope downwards showing more losers than gainers. Volume Acc/Dis is sloping downwards showing distribution. Skew is at 124.94. Vix is at 19.89 and Vix futures 18.55.
The Week Ahead
Market Internals continues to signal bearishness. Skew is normal. Vix and Vix futures are in backwardation which means that the market is expecting the current volatility to go down. The Russell 2000 futures and Dow Transportation is Oversold. The prognosis is for a double bottom and a reversal upwards. Volatility is expected to continue.
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.
Share this: