Bursa KLCI

Z5 Fri, 24 May 2024

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Bursa - Top 5 stocks for today.

Z5 Thur, 23 May 2024

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Z5 Wed, 22 May 2024

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Z5 Tue, 21 May 2024

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Z5 Mon, 20 May 2024

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Z5 Fri, 17 May 2024

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Z5 Thur, 16 May 2024

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Z5 Wed, 15 May 2024

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Z5 Tue, 14 May 2024

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Bursa Mon, 13 May 2024

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Z5 Fri, 10 May 2024

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Z5 Thur, 9 May 2024

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Z5 Wed, 8 May 2024

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Z5 Tue, 7 May 2024

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Z5 Mon, 6 May 2024

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Z5 Fri 3 May 2024

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Z5 Thur, 2 May 2024

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Z5 Wed, 1 May 2024

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Z5 Tues, 30 April 2024

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Z5 Mon, 29 April 2024

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9 July 2018 – It is up and away!

Indices
Dow Transportation closed at 10687.66 with a big bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 192.38. Intermediate Cycle is in a negative and rising slope. Short Term Cycle is negative and rising slope. Market direction – Buy. It is in a weekly Squeeze.

Dow Industrial closed at 24776.59 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 278.09. Intermediate Cycle is negative and positive slope. Short Cycle is positive and rising slope. Market direction – Buy. It is in a weekly Squeeze.

Russell 2000 closed at 1704.6031 with a bullish marubozu candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 10.1816. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

Nasdaq 100 gapped up and closed at 7276.0014 with a hammer candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 56.2516. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 gapped up and closed at 2784.17 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 16.14. Intermediate Cycle is positive and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.

Metals and Commodities
WTI Crude oil futures (CL) closed at $74.01 per barrel with a small high closing doji candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.29. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy.

Gold futures (GC) closed at 1258.3 with a inverted hammer candle on its 8 EMA and below its 21 EMA and 50 SMA. Daily trading range was 11.2. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Neutral.

Agriculture (DBA) ETF closed at 17.72 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.1719. Intermediate Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Neutral.

Commodities (DBC) ETF closed at 17.56 with a small bullish candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.11. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Buy.

Bonds
Bond futures (/ZB) closed at 145’19 with a bearish candle on its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.7812. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Neutral.

High Yield bond ETF (HYG) gapped up and closed at 85.46 with a bullish candle above its 8 EMA, on its 21 EMA and below its 50 SMA. Daily trading range was 0.18. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Neutral. It is in a weekly Squeeze.

Currency
The dollar index ($DXY) closed at 94.080 with a spinning top doji candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.493. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell.

EUR/USD closed at 1.1749 with a bullish marubozu candle above its 8 EMA and 21 EMA and below its 50 SMA. Daily trading range was 0.0015. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Neutral.

USD/JPY closed at 111.01 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.2489. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

6S(Swiss Franc) – closed at 1.0146 with a bullish candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 0.0007. Intermediate Cycle is negative and flat. Short Cycle is negative and flat. Market direction: Sell. It is in a weekly Squeeze.

Relative Strength – Sectors
On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLV, XLE, XLK, XLI, XLF, XLP and XLY.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLE, XLY and XLV respectively.

Market Internals
Market sentiment is bullish. Market breadth is sloping upwards showing more gainers to losers. Accumulation/ Distribution is sloping upwards showing nett accumulation. Skew is at 138.96. Vix is at 12.69 and Vix futures is at 13.67.

The Week Ahead
Market internals are gaining strength going into the earnings season. Skew is normal. Vix and Vix futures have decreased above 14. Volatility is expected to continue. Market sentiment is rather bullish. Lingering uncertainty continues with a possibility of a Global Trade War. The prognosis is for continuing volatility and continue buying pressure and uptrend.

Futures Summary(Daily chart):
ES – Intermediate – Positive/Rising. Current – Positive/Rising. Market direction – Buy. Weekly Squeeze.
NQ – Intermediate – Positive/Rising. Current – Positive/Rising. Market direction – Buy.
YM – Intermediate – Negative/Rising. Current – Positive/Rising. Market direction – Buy. Weekly Squeeze.
GC – Intermediate – Negative/Rising. Current – Negative/Rising. Market direction – Neutral.
CL – Intermediate – Positive/Rising. Current – Positive/Falling. Market direction – Buy.

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.


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