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 9445.47 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 159.74. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.
Dow Industrial closed at 23675.64 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 411.75. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.
Russell 2000 closed at 1377.1759 with an inverted hammer candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 25.72. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Nasdaq 100 closed at 6491.5163 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 116.45. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
S&P 500 closed at 2546.16 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 45.28. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Metals and Commodities WTI Crude oil futures (CL) closed at $46.24 per barrel with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.83. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Gold futures (GC) closed at 1253.3 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 5.5. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. It is in a weekly Squeeze.
Agriculture (DBA) ETF closed at 17.22 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.127. Intermediate Cycle is negative and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. It is in a daily and weekly Squeeze.
Commodities (DBC) ETF closed at 14.95 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.38. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell.
Bonds Bond futures (/ZB) closed at 144’00 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.9062. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
High Yield bond ETF (HYG) gapped down and closed at 82.08 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.72. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Currency The dollar index ($DXY) closed at 96.984 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.467. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. It is in a daily and Weekly Squeeze.
EUR/USD closed at 1.1360 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.0065. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.
USD/JPY closed at 112.49 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.413. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
6S (Swiss Franc) – closed at 1.016 with a gravestone doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0038. 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 XLU, XLK, XLY, XLB, XLI and XLV.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLV, XLK, XLY and XLE respectively.
Market Internals Market Sentiment is bearish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is sloping downwards and showing distribution. Skew is at 124.23. Vix is at 25.58 and Vix Futures is at 21.70.
The Week Ahead The indices are now trading below its 200 SMA. Market internals are showing weakness. The indices continue to trend down. Gold and Bonds are trending upwards while Oil (WTI) is trending downwards. The prognosis is for continuing weakness in the indices.
To YOUR wealth! Would you like to learn to trade stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
Indices Dow Transportation closed at 9403.53 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 181.54. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.
Dow Industrial closed at 23592.98 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 643.6299. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.
Russell 2000 closed at 1378.1438 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 44.3751. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Nasdaq 100 closed at 6448.3864 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 222.082. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
S&P 500 closed at 2545.94 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 70.59. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Metals and Commodities WTI Crude oil futures (CL) closed at $49.47 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.83. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell.
Gold futures (GC) closed at 1249.7 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 12.8. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. It is in a weekly Squeeze.
Agriculture (DBA) ETF closed at 17.22 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.15. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Buy. It is in a daily and weekly Squeeze.
Commodities (DBC) ETF closed at 15.27 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.27. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell.
Bonds Bond futures (/ZB) closed at 143’08 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.7812. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.
High Yield bond ETF (HYG) closed at 82.62 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.61. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell.
Currency The dollar index ($DXY) closed at 97.08 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.046. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. It is in a daily and Weekly Squeeze.
EUR/USD closed at 1.1346 with a bullish candle on its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.0059. Intermediate Cycle is negative and rising slope. Short Cycle is negative and flat. Market direction: Neutral.
USD/JPY closed at 112.82 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.838. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
6S (Swiss Franc) – closed at 1.016 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0066. 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 XLU, XLK, XLY and XLE.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLV, XLK, XLY and XLE respectively.
Market Internals Market Sentiment is bearish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is sloping downwards and showing distribution. Skew is at 123.96. Vix is at 24.52 and Vix Futures is at 23.45
The Week Ahead The indices are now trading below its 200 SMA. This is a rather bearish signal which means that trading to the downside is more likely to work compare to trading to the upside. Market internals are showing bearishness. Skew is normal. Vix and Vix futures are elevated above 24 and 23 respectively. The US could experience a market shutdown this week. The prognosis is for continuing bearishness in the market.
The Week M.
To YOUR wealth! Would you like to learn to trade stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
Indices (Weekly chart) Dow Transportation closed at 9514.11 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 540.13. Intermediate Cycle is negative with falling slope. Short term cycle is negative with falling slope. Market Fractal direction:- Sell.
Dow Industrial closed at 24100.51 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 946.92. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. It found support at close. Market direction:- Sell.
Russell 2000 closed at 1410.8126 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 64.856. Intermediate Cycle is negative and falling. Short term cycle is negative and falling. Market direction:- Sell.
Nasdaq 100 closed at 6594.9632 with a low closing doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 333.335. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell.
S&P 500 closed at 2599.95 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 102.21. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell.
Indices Dow Transportation closed at 9672.74 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 262.79. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Sell.
Dow Industrial closed at 24597.38 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 267.67. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Sell.
Russell 2000 closed at 1432.7001 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 28.87. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Sell.
Nasdaq 100 closed at 6767.9735 with a ‘rolling pin’ candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 109.74. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Buy.
S&P 500 closed at 2650.54 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 32.92. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $52.85 per barrel with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.92. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Buy.
Gold futures (GC) closed at 1246.3 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 7.3. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Buy. It is in a weekly Squeeze.
Agriculture (DBA) ETF closed at 17.41 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.15. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Buy. It is in a daily and weekly Squeeze.
Commodities (DBC) ETF closed at 15.69 with a bullish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.29. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Buy.
Bonds
Bond futures (/ZB) closed at 142’11 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.7187. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Buy.
High Yield bond ETF (HYG) closed at 83.51 with a low closing doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.29. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias- Buy.
Currency
The dollar index ($DXY) closed at 97.093 with a spinning top doji candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.414. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Sell. It is in a daily and Weekly Squeeze.
EUR/USD closed at 1.1359 with a spinning top doji candle on its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.0062. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy. Fractal Bias – Buy.
USD/JPY closed at 113.60 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.51. Intermediate Cycle is positive and slight rising slope. Short Cycle is positive and slight rising slope. Market direction: Buy. Fractal Bias – Buy.
6S (Swiss Franc) – closed at 1.006 with a ‘rolling pin’ candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0043. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Buy.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLK, XLV, XLY, XLE and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLV, XLK, XLY, XLB and XLE respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is slightly sloping upwards and showing accumulation. Skew is at 117.03. Vix is at 20.65 and Vix Futures is at 21.20.
The Week Ahead
Market internals are showing mixed signals. Skew is normal, Vix and Vix futures are elevated and above 20 and 21 respectively. The market is undecided. The prognosis is for a continuing volatile market with big swings up and down.
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 9833.81 with a bearish ‘inverted hammer’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 161.72 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 24527.27 with a gravestone doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 458.05. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Sell.
Russell 2000 closed at 1455.3231 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 31.83. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Sell.
Nasdaq 100 closed at 6763.9567 with a bearish candle on its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 163.43. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Buy.
S&P 500 closed at 2651.07 with a bearish inverted hammer candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 48.66. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Sell.
Indices Dow Transportation closed at 9831.00 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 262.26. 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 24370.24 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 570.2. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1440.1344 with a low closing spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 33.87. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 6704.2367 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 137.64. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2636.78 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 53.05. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Indices Dow Transportation gapped down and closed at 9876.54 with a hammer candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 284.51. 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 24423.26 with a bullish ‘hammer’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 619.44. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1443.095 with a ‘hammer’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 26.95. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 6682.74 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 176.1. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
S&P 500 closed at 2637.72 with a ‘hammer’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 64.28. 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 9951.16 with a huge bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1123.69. Intermediate Cycle is negative with falling slope. Short term cycle is negative with falling slope. Market direction:- Sell. Fractal Bias – Bullish.
Dow Industrial closed at 24388.95 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1737.99. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1448.09 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 112.49. Intermediate Cycle is negative and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
Nasdaq 100 closed at 6613.275 with a huge bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 512.46. Intermediate Cycle is negative and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.
S&P 500 closed at 2633.08 with a huge bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 178.65. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.
Indices Dow Transportation gapped down and closed at 10358.70 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 251.92. Intermediate Cycle is negative and rising slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Dow Industrial gapped down and closed at 24947.67 with a big bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 784.85. Intermediate Cycle is negative and rising slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.
Russell 2000 closed at 1477.4117 with a big dragonfly doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 37.92. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 gapped down and closed at 6838.85 with a big bullish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 209.67. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
S&P 500 gapped down and closed at 2695.95 with a big bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 78.53. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bullish.
Indices Dow Transportation gapped down and closed at 10374.07 with a huge bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 565.23. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and falling slope. Market direction – Buy. Fractal Bias – Bullish.
Dow Industrial closed at 25027.07 with a huge bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 818.32. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy. Fractal Bias – Bullish.
Russell 2000 closed at 1480.7514 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 69.05. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.
Nasdaq 100 gapped down and closed at 6795.2134 with a huge bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 276.29. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
S&P 500 gapped down and closed at 2700.06 with a huge bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 93.19. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.
18 December 2018 – A lump of coal for Christmas
Indices
Dow Transportation closed at 9445.47 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 159.74. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.
Dow Industrial closed at 23675.64 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 411.75. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell.
Russell 2000 closed at 1377.1759 with an inverted hammer candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 25.72. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Nasdaq 100 closed at 6491.5163 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 116.45. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
S&P 500 closed at 2546.16 with a ‘rolling pin’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 45.28. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Metals and Commodities
WTI Crude oil futures (CL) closed at $46.24 per barrel with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.83. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Gold futures (GC) closed at 1253.3 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 5.5. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. It is in a weekly Squeeze.
Agriculture (DBA) ETF closed at 17.22 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.127. Intermediate Cycle is negative and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. It is in a daily and weekly Squeeze.
Commodities (DBC) ETF closed at 14.95 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.38. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Sell.
Bonds
Bond futures (/ZB) closed at 144’00 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.9062. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.
High Yield bond ETF (HYG) gapped down and closed at 82.08 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.72. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
Currency
The dollar index ($DXY) closed at 96.984 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA and 200 SMA. Daily trading range was 0.467. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. It is in a daily and Weekly Squeeze.
EUR/USD closed at 1.1360 with a low closing spinning top doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.0065. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.
USD/JPY closed at 112.49 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.413. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.
6S (Swiss Franc) – closed at 1.016 with a gravestone doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0038. 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 XLU, XLK, XLY, XLB, XLI and XLV.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP, XLV, XLK, XLY and XLE respectively.
Market Internals
Market Sentiment is bearish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is sloping downwards and showing distribution. Skew is at 124.23. Vix is at 25.58 and Vix Futures is at 21.70.
The Week Ahead
The indices are now trading below its 200 SMA. Market internals are showing weakness. The indices continue to trend down. Gold and Bonds are trending upwards while Oil (WTI) is trending downwards. The prognosis is for continuing weakness in the indices.
To YOUR wealth!
Would you like to learn to trade stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
Share this: