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 Dow Transportation closed at 11003.09 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 74.39. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 26656.39 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 192.4. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1585.0931 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 27.54. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Nasdaq 100 closed at 7810.7062 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 105.84. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500(SPX) closed at 2933.68 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 28.34. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Metals and Commodities WTI Crude oil futures (CL) closed at $66.18 per barrel with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.02. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Gold futures (GC) closed at 1274.3 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 10.6. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Commodities (DBC) ETF closed at 16.31 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.066. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Bonds Bond futures (/ZB) closed at 146’17 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.5. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
High Yield bond ETF (HYG) closed at 86.83 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.35. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Currency The dollar index ($DXY) closed at 97.594 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.497. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
EUR/USD closed at 1.1226 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0068. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. It is in a daily and weekly Squeeze.
USD/JPY closed at 111.85 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.384. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLI, XLY, XLB and XLE.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLI and XLY respectively.
Market Internals Market Sentiment is rather bullish. Market Breadth is sloping downwards showing more losers to gainers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 124.65. Vix is at 12.28 and Vix Futures is at 14.15.
The Week Ahead Market Internals are weakening. Skew is normal. Vix is below 13 and Vix futures is below 15. The uptrend in the indices have continued but there are signs of impending weakness. Market Sentiment remains bullish. Earnings season is here and the uptrend is still evident although market internals are signalling caution. Volatility has increased.
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 10977.06 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 94.46. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 26511.05 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 100.93. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1560.0446 with a bearish candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range was 11.285. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Nasdaq 100 closed at 7713.495 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 61.44. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500(SPX) closed at 2907.97 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 13.16. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.
Metals and Commodities WTI Crude oil futures (CL) closed at $63.68 per barrel with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.94. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Gold futures (GC) closed at 1276.8 with a low closing doji candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 6.2. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Commodities (DBC) ETF closed at 16.29 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.155. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Bonds Bond futures (/ZB) closed at 146’08 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.687. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
High Yield bond ETF (HYG) closed at 86.53 with a small bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.16. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Currency The dollar index ($DXY) closed at 97.284 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.172. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
EUR/USD closed at 1.1251 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0026. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. It is in a daily and weekly Squeeze.
USD/JPY closed at 111.92 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.168. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLI, XLY, XLB and XLE.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLI, XLY and XLE respectively.
Market Internals Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers to gainers. Volume Acc/Dis is sloping downwards and showing distribution. Skew is at 124.24. Vix is at 12.42 and Vix Futures is at 14.27.
The Week Ahead Market Internals are weakening. Skew is normal. Vix is below 13 and Vix futures is below 15. The market is experiencing an increase in volatility. Market Sentiment remains bullish. The prognosis is for the uptrend to turn around. Volatility has increased.
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 10988.22 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 112.97. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 26559.54 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 157.89. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1565.7476 with a doji candle below its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 13.089. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Nasdaq 100 closed at 7689.7151 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 46.78. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500(SPX) closed at 2905.03 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 16.5. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.
Metals and Commodities WTI Crude oil futures (CL) closed at $64.06 per barrel with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.69. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Gold futures (GC) closed at 1277.9 with a small candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 6.7. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Commodities (DBC) ETF closed at 16.21 with a bullish candle below its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 0.07. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Bonds Bond futures (/ZB) closed at 146’24 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.7812. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
High Yield bond ETF (HYG) closed at 86.68 with a bearish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.21. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Currency The dollar index ($DXY) closed at 97.404 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.529. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
EUR/USD closed at 1.1237 with a small bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0014. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. It is in a daily and weekly Squeeze.
USD/JPY closed at 111.95 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.1129. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLI, XLK, XLY, XLB and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLI, XLY and XLB respectively.
Market Internals Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers to gainers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 123.60. Vix is at 12.09 and Vix Futures is at 14.50.
The Week Ahead Market Internals are weakening. Skew is normal. Vix is below 13 and Vix futures is below 15. The market is experiencing an increase in volatility. Market Sentiment remains bullish. The prognosis is for the uptrend to continue but with volatility.
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 10935.60 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 175.67. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 26449.54 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 109.16. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1567.597 with a bearish candle below its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 27.02. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.
Nasdaq 100 closed at 7680.72 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 60.34. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500(SPX) closed at 2900.45 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 22.55. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.
Metals and Commodities WTI Crude oil futures (CL) closed at $63.85 per barrel with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.96. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Gold futures (GC) closed at 1276.2 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 6.9. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Commodities (DBC) ETF closed at 16.16 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.09. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Bonds Bond futures (/ZB) closed at 146’06 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.594. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
High Yield bond ETF (HYG) closed at 86.64 with a bearish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.31. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Currency The dollar index ($DXY) closed at 97.017 with a high closing doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.301. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
EUR/USD closed at 1.1293 with an inverted hammer candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range was 0.0044. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. It is in a daily and weekly Squeeze.
USD/JPY closed at 112.04 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.164. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLY, XLB, XLI and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLI, XLY and XLB respectively.
Market Internals Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers to gainers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 125.78. Vix is at 12.60 and Vix Futures is at 14.85.
The Week Ahead Market Internals are weakening. Skew is normal. Vix is below 13 and Vix futures is below 15. The market is experiencing an increase in volatility. Market Sentiment remains bullish. The prognosis is for the uptrend to continue but with volatility.
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 10826.72 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 102.96. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and falling slope. Market direction – Buy.
Dow Industrial closed at 26452.66 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 145.94. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1582.7852 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 6.26. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 7654.7314 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 41.28. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500(SPX) closed at 2907.06 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 15.35. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Metals and Commodities WTI Crude oil futures (CL) closed at $64.33 per barrel with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.38. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Gold futures (GC) closed at 1279.5 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 16.2. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Commodities (DBC) ETF closed at 16.22 with a bullish candle on its 8 EMA and above its 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.13. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Bonds Bond futures (/ZB) closed at 146’12 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.875. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
High Yield bond ETF (HYG) closed at 86.85 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.15. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Currency The dollar index ($DXY) closed at 97.051 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.208. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
EUR/USD closed at 1.1279 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range was 0.0034. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. It is in a weekly Squeeze.
USD/JPY closed at 111.97 with a doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.196. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLB, XLY, XLK and XLI.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLI, XLY and XLB respectively.
Market Internals Market Sentiment is bullish. Market Breadth is sloping upwards showing more gainers to losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 125.81. Vix is at 12.18 and Vix Futures is at 14.55.
The Week Ahead Market Internals are strong. Skew is normal. Vix is below 13 and Vix futures is below 15. The market is anticipating an increase in volatility in the near future. Market Sentiment remains bullish. The prognosis is for the uptrend to continue but volatility can be expected.
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 10819.47 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 122.3. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 26384.77 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 108.43. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1579.1683 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 13.25. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 7629.1198 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 58.26. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500(SPX) closed at 2905.58 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 13.12. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Indices (Weekly chart) Dow Transportation closed at 10912.19 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 317.36. Intermediate Cycle is negative with rising slope. Short term cycle is positive with rising slope. Market direction:- Buy.
Dow Industrial closed at 26412.30 with a bullish hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 374.09. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.
Russell 2000 closed at 1584.8025 with a small bullish hammer candle above its 8 EMA, 21 EMA and 50 SMA and 200 SMA. Weekly trading range was 31.335. Intermediate Cycle is negative and rising. Short term cycle is positive and rising. Market direction:- Buy.
Nasdaq 100 closed at 7628.1498 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 94.09. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.
S&P 500 closed at 2907.41 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 37.21. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy.
Indices Dow Transportation closed at 10785.08 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 107.97. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 26143.05 with a small doji candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 167.29. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Sell.
Russell 2000 closed at 1579.1407 with a tiny candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 6.357. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 7594.89 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 40.695. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
S&P 500(SPX) closed at 2888.32 with a tiny bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 11.43. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.
Indices Dow Transportation closed at 10695.10 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 113.66. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 26157.16 with a small doji candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 108.25. Intermediate Cycle is positive and falling slope. Short Term Cycle is positive and falling slope. Market direction – Buy.
Russell 2000 closed at 1581.5511 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 21.96. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 7611.4878 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 44.923. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500(SPX) closed at 2888.21 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 11.51. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
Indices Dow Transportation closed at 10645.42 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 133.57. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 26150.58 with a small bearish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 237.88. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and falling slope. Market direction – Buy.
Russell 2000 closed at 1559.6834 with a big bearish candle below its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range was 20.61. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Nasdaq 100 closed at 7568.4863 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 44.12. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500(SPX) closed at 2878.20 with a small bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 22.44. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
23 April 2019 – UpTrend continues
Indices
Dow Transportation closed at 11003.09 with a small doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 74.39. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Dow Industrial closed at 26656.39 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 192.4. Intermediate Cycle is positive and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy.
Russell 2000 closed at 1585.0931 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 27.54. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Nasdaq 100 closed at 7810.7062 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 105.84. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
S&P 500 (SPX) closed at 2933.68 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 28.34. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Metals and Commodities
WTI Crude oil futures (CL) closed at $66.18 per barrel with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.02. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
Gold futures (GC) closed at 1274.3 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 10.6. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Commodities (DBC) ETF closed at 16.31 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.066. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Bonds
Bond futures (/ZB) closed at 146’17 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.5. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
High Yield bond ETF (HYG) closed at 86.83 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.35. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.
Currency
The dollar index ($DXY) closed at 97.594 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.497. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
EUR/USD closed at 1.1226 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.0068. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. It is in a daily and weekly Squeeze.
USD/JPY closed at 111.85 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.384. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLF, XLK, XLI, XLY, XLB and XLE.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLI and XLY respectively.
Market Internals
Market Sentiment is rather bullish. Market Breadth is sloping downwards showing more losers to gainers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 124.65. Vix is at 12.28 and Vix Futures is at 14.15.
The Week Ahead
Market Internals are weakening. Skew is normal. Vix is below 13 and Vix futures is below 15. The uptrend in the indices have continued but there are signs of impending weakness. Market Sentiment remains bullish. Earnings season is here and the uptrend is still evident although market internals are signalling caution. Volatility has increased.
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