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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Indices Dow Transportation closed at 7790.91 with a small bullish candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range is 295.8. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Neutral. Momentum – Strong Upward. RSI – 43.8.
Dow Industrial closed at 22327.48 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 856. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Neutral. Momentum – Strong Upward. RSI – 46.3.
Russell 2000 closed at 1158.317 with a small bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 38.69. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 42.6.
Nasdaq 100 closed at 7889 with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range – 313.713. Fractal Chaos Band – closed within 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 – 48.7.
S&P 500(SPX) closed at 2626.65 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 90.33. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Neutral. Momentum – Strong Upward. RSI – 46.7.
Metals and Commodities WTI Crude oil futures (CL) closed at $20.28 per barrel with a small bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 2.57. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 27.1.
Gold (/GC) closed at 1643.4 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 41.6. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and rising slope. Short Cycle Wave – positive and rising slope. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 56.1.
Commodities (DBC) ETF closed at 11.39 with a small bullish candle on its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.24. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong DownTrend. Momentum – Strong UpTrend. RSI – 31.9.
Bonds Bond futures (/ZB) closed at 179’01 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 3.625. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 59.3.
High Yield bond ETF (HYG) closed at 77.69 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.4. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 46.9.
Currency The dollar index ($DXY) closed at 99.04 with a bullish marubozu candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 1.03. 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 – Strong Upward. RSI – 50.4.
EUR/USD closed at 1.1042 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.0133. Fractal Chaos Band – closed 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 – 51.3.
USD/JPY closed at 107.75 with a doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.167. 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 – Strong DownTrend. Momentum – Strong Downward. RSI – 49.4.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLV, XLP, XLK, /ES, SPX, XLY, SPY, XLB, XLI, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, XLV, XLP, XLK, /ES, SPX, XLY, SPY, XLB, XLI, XLF and XLE.
Market Internals Market Sentiment – Bearish. Put/Call ratio is now at 0.951. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 122.18. Vix – 57.08 and Vix Futures – 49.75.
The Week Ahead Market Sentiment is Bearish. Market Breadth is starting to show strength. Market Volume is showing accumulation. The Market Internals are showing strength. Skew is trending upwards back to normality. Vix is dropping indicating a drop in volatility. With the US$ 2.2 Trillion stimulus approved and more to come, the market has the FED behind it to push it higher. The prognosis is for the market to have a bullish bias.
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 ($DJT) closed at 7699.18 with a big bullish engulfing candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 1644.42. Fractal Chaos Band – closed below its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 30. It closed at 33.7% below its all-time high. It is in Bear Market Territory.
Dow Industrial ($DJI) closed at 21636.78 with a big bullish engulfing candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 4381.41. Fractal Chaos Band – closed below its FCB. Long Cycle Wave – negative and falling. Medium CycleWave – negative and falling. Short cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 32.6. It closed at 26.8% below its all-time high. It is in Bear Market Territory.
Russell 2000 closed at 1131.987 with a big bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 213.89. Fractal Chaos Band – closed below its FCB. Long Cycle Wave – negative and falling slope. Medium Cycle Wave – negative and falling slope. Short Cycle Wave – negative and rising slope. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 28.2. It closed at 35% below its all-time high. It is in a bear market.
Nasdaq 100 closed at 7588.3729 with an inverted hammer candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range – 1141.194. 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 – 40. The Nasdaq closed at 22% below its all-time high. It is in a Bear Market.
S&P 500 (SPX) closed at 2941.47 with a big bullish engulfing candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 445.15. Fractal Chaos Band – 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 – 33.6.
Metals and Commodities (Weekly charts) WTI Crude oil futures (CL) closed at $21.84 per barrel with a doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 4.44. Fractal Chaos Band – Below its FCB. Long Cycle Wave – negative and falling slope. Medium Cycle Wave – negative and falling slope. Short cycle – negative and falling slope. Market direction:- Strong DownTrend. Momentum – Strong Downwards. RSI – 17.4.
Gold futures (GC) closed at 1654 with a huge bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range was 214.7. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and rising slope. Short cycle – negative and rising slope. Market direction:- Weak UpTrend. Momentum – Weak Downward. RSI – 60.2.
Bonds (Weekly charts) Bond futures (/ZB) closed at 180’20 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range was 6.375. Fractal Chaos Band – Closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short cycle – positive and falling. Market direction:- Strong UpTrend. Momentum – Weak Upward. RSI – 76.7.
High Yield bond ETF (HYG) closed at 77.03 with a huge bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 10.85. Fractal Chaos Band – closed below its FCB. Long Cycle Wave – negative and falling slope. Medium Cycle Wave – negative and falling slope. Short cycle – negative and rising slope. Market direction:- Strong DownTrend. Momentum – Strong Downward. RSI – 34.1.
Currencies (Weekly charts) The dollar index ($DXY) closed at 98.306 with a ginormous bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 4.709. Fractal Chaos Band – Closed within its FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and falling slope. Short cycle – positive and falling slope. Market direction:- Strong UpTrend. Momentum – Weak Upward. RSI – 50.5.
EUR/USD closed at 1.1134 with a ginomous bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Weekly trading range – 0.0511. Fractal Chaos Band – Closed within its FCB. Long Cycle Wave – negative and rising slope. Medium Cycle Wave – negative and rising . Short cycle – negative and rising. Market direction:- Weak DownTrend. Momentum – Weak Downward. RSI – 52.2.
USD/JPY closed at 110.96 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range – 4.1869. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and falling slope. Medium Cycle Wave – negative and falling slope. Short cycle – positive and rising. Market direction:- Weak UpTrend. Momentum – Weak Upward. RSI – 47.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the ETFs are XLU, XLV, XLP, XLY, XLK, XLI, SPY, SPX, /ES, XLB, XLF and XLE respectively.
On a 12-monthly lookback, the relative strength order of the ETFs are XLU, XLV, XLP, XLY, XLK, XLI, SPY, SPX, /ES, XLB, XLF and XLE respectively.
Market Internals Market Sentiment is bearish. Market Breadth is sloping slightly upward showing more gainers than losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 117.41. Vix is at 65.54 and Vix futures 53.40.
The Week Ahead The market reversed upwards on Tuesday and formed a doji sandwich by Thursday. It pulled back on profit taking on Friday. The uptrend is still intact. Both Houses of Representatives and Senate and Donald Trump have signed off on the US$2 Trillion stimulus. That is money conjured out of nowhere to be pumped into the US economy. Problems will persist and become more convoluted as successive US Government takes to money printing each the US economy tanked. The prognosis is for the market to trend upwards due to the stimulus.
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 gapped up and closed at 8045.47 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range is 360.71. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Neutral. Momentum – Strong Upward. RSI – 45.9.
Dow Industrial gapped up and closed at 22552.17 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1394.51. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Neutral. Momentum – Strong Upward. RSI – 46.5.
Russell 2000 closed at 1180.31929 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 69.954. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 43.1.
Nasdaq 100 closed at 7897.1285 with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range – 443.49. Fractal Chaos Band – closed within 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 – 48.4.
S&P 500(SPX) gapped up and closed at 2630.07 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 161.45. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Neutral. Momentum – Strong Upward. RSI – 46.2.
Indices Dow Transportation gapped up and closed at 7724.87 with a spinning top doji candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range is 681.33. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Neutral. Momentum – Strong Upward. RSI – 42.2.
Dow Industrial gapped up and closed at 21200.55 with a spinning top doji candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1481.59. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Weak Upward. RSI – 41.1.
Russell 2000 closed at 1110.36525 with a small spinning top doji candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 70.9572. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 37.8.
Nasdaq 100 closed at 7469.6154 with a bearish candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 387.2. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 42.8.
S&P 500(SPX) closed at 2475.56 with a spinning top doji candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 163.89. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 40.3.
Indices Dow Transportation gapped up and closed at 7540.80 with a big bullish candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range is 863.43. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 40.
Dow Industrial gapped up and closed at 20704.91 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 960.33. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 38.9.
Russell 2000 gapped up and closed at 1096.555 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 94.138. 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 – Neutral. RSI – 36.7.
Nasdaq 100 gapped up and closed at 7553.8247 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 548.99. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 43.7.
S&P 500(SPX) gapped up and closed at 2447.33 with a bullish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 212.31. 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 – Neutral. RSI – 39.2.
Indices Dow Transportation closed at 6703.63 with a small spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range is 385.67. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 28.5.
Dow Industrial closed at 18591.93 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 960.33. 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 – 28.8.
Russell 2000 closed at 1002.417 with a small bearish ‘hammer’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 51.464. 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 Downward. RSI – 28.7.
Nasdaq 100 closed at 7006.9175 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 373.3759. 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 – Weak Downward. RSI – 36.
S&P 500(SPX) closed at 2237.40 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 113.06. 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.
Indices (Weekly chart) Dow Transportation ($DJT) gapped down and closed at 6837.72 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 1458.2. 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 – 22.9. It closed at 41.1% below its all-time high. It is in Bear Market Territory.
Dow Industrial ($DJI) gapped down and closed at 19173.98 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 4268.16. Fractal Chaos Band – closed below its FCB. Long Cycle Wave – negative and falling. Medium CycleWave – negative and falling. Short cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 19.3. It closed at 35.1% below its all-time high. It is in Bear Market Territory.
Russell 2000 closed at 1013.889 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 243.92. Fractal Chaos Band – closed below its FCB. Long Cycle Wave – negative and falling slope. Medium Cycle Wave – negative and falling slope. Short Cycle Wave – negative and falling slope. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 17.6. It closed at 41.8% below its all-time high. It is in a bear market.
Nasdaq 100 gapped down and closed at 6994.2911 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range – 1157.7308. 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 – 29.9. The Nasdaq closed at 29.9% below its all-time high. It is now in a Bear Market.
S&P 500 (SPX) closed at 2911.02 with a reverse kicker bullish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 230.69. Fractal Chaos Band – Below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 29.9.
Indices Dow Transportation closed at 7078.73 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range is 581.16. Fractal Chaos Band – closed below 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 – 30.9.
Dow Industrial closed at 20087.19 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1265.5. 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 – 31.1.
Russell 2000 closed at 1058.75 with a bullish engulfing candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 100.3. 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 – 30.8.
Nasdaq 100 closed at 7288.5232 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 476.66. Fractal Chaos Band – closed below 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 – 38.2.
S&P 500(SPX) closed at 2409 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 147.19. 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 – 33.8.
Indices Dow Transportation closed at 6971.44 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range is 987.03. 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 – 29.4.
Dow Industrial gapped down and closed at 19898.92 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 2319.92. 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 – 31.2.
Russell 2000 closed at 991.16411 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 140.2906. 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 – 25.
Nasdaq 100 gapped down and closed at 7175.1761 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 636.4182. 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 – 36.7.
S&P 500(SPX) gapped down and closed at 2398.10 with a big hammer candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 248.67. 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 – 33.3.
Indices Dow Transportation closed at 7468.23 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range is 712.6. 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 – 32.4.
Dow Industrial gapped up and closed at 21237.38 with a big bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1497.09. 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 – 34.3.
Russell 2000 closed at 1106.506 with a big bullish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 94.73. 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 – 28.8.
Nasdaq 100 gapped up and closed at 7473.9502 with a big bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 590.982. 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 – 39.1.
S&P 500(SPX) gapped up and closed at 2529.19 with a big bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 186.89. 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 – 36.1.
30 March 2020 – C19, Grim statistics in the US, Indices surged upward
Indices
Dow Transportation closed at 7790.91 with a small bullish candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range is 295.8. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Neutral. Momentum – Strong Upward. RSI – 43.8.
Dow Industrial closed at 22327.48 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 856. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Neutral. Momentum – Strong Upward. RSI – 46.3.
Russell 2000 closed at 1158.317 with a small bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 38.69. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 42.6.
Nasdaq 100 closed at 7889 with a bullish marubozu candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range – 313.713. Fractal Chaos Band – closed within 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 – 48.7.
S&P 500 (SPX) closed at 2626.65 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 90.33. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Neutral. Momentum – Strong Upward. RSI – 46.7.
Metals and Commodities
WTI Crude oil futures (CL) closed at $20.28 per barrel with a small bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 2.57. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 27.1.
Gold (/GC) closed at 1643.4 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 41.6. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and rising slope. Short Cycle Wave – positive and rising slope. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 56.1.
Commodities (DBC) ETF closed at 11.39 with a small bullish candle on its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.24. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong DownTrend. Momentum – Strong UpTrend. RSI – 31.9.
Bonds
Bond futures (/ZB) closed at 179’01 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 3.625. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 59.3.
High Yield bond ETF (HYG) closed at 77.69 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.4. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 46.9.
Currency
The dollar index ($DXY) closed at 99.04 with a bullish marubozu candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 1.03. 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 – Strong Upward. RSI – 50.4.
EUR/USD closed at 1.1042 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.0133. Fractal Chaos Band – closed 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 – 51.3.
USD/JPY closed at 107.75 with a doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.167. 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 – Strong DownTrend. Momentum – Strong Downward. RSI – 49.4.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLV, XLP, XLK, /ES, SPX, XLY, SPY, XLB, XLI, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, XLV, XLP, XLK, /ES, SPX, XLY, SPY, XLB, XLI, XLF and XLE.
Market Internals
Market Sentiment – Bearish. Put/Call ratio is now at 0.951. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 122.18. Vix – 57.08 and Vix Futures – 49.75.
The Week Ahead
Market Sentiment is Bearish. Market Breadth is starting to show strength. Market Volume is showing accumulation. The Market Internals are showing strength. Skew is trending upwards back to normality. Vix is dropping indicating a drop in volatility. With the US$ 2.2 Trillion stimulus approved and more to come, the market has the FED behind it to push it higher. The prognosis is for the market to have a bullish bias.
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