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Z5 Fri, 24 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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10 October 2018 – Indices plunged!

Indices
Dow Transportation closed at 10550.92 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 449.44. Intermediate Cycle is negative and falling slope. Short Term Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.

Dow Industrial closed at 25598.74 with a huge bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 848.08. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction – Sell. Fractal Bias – Bearish.

Russell 2000 closed at 1575.41 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 46.61. Intermediate Cycle is negative and falling. Short Cycle is negative and falling. Market direction: Sell. Fractal Bias – Bearish.

Nasdaq 100 gapped down and closed at 7044.49 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and on its 200 SMA. Daily trading range was 329.56. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.

S&P 500 closed at 2785.68 with a huge bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 95.48. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.

Metals and Commodities
WTI Crude oil futures (CL) closed at $72.63 per barrel with a bearish candle below its 8 EMA and on its 21 EMA and above its 50 SMA. Daily trading range was 2.7. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell. Fractal Bias – Neutral.

Gold futures (GC) closed at 1198.1 with a bullish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 10.1. Intermediate Cycle is negative and flat. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Neutral. It is in a daily Squeeze.

Agriculture (DBA) ETF closed at 17.28 with a bearish candle above its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.17. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. Fractal Bias – Bullish.

Commodities (DBC) ETF closed at 18.02 with a bearish marubozu candle below its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.36. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Neutral. It is Overbought.

Bonds
Bond futures (/ZB) closed at 138’07 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 1.344. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell. Fractal Bias – Bearish. It is OverSold.

High Yield bond ETF (HYG) closed at 84.63 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.63. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias- Bearish.

Currency
The dollar index ($DXY) closed at 95.462 with a bearish candle on its 8 EMA and above its 21 EMA and 50 SMA. Daily trading range was 0.415. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. Fractal Bias – Neutral. It is in a Weekly Squeeze.

EUR/USD closed at 1.1518 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.0065. Intermediate Cycle is negative and falling. Short Cycle is negative and rising. Market direction: Sell. Fractal Bias – Bearish.

USD/JPY closed at 112.25 with a bearish marubozu candle below its 8 EMA and 21 EMA and above its 50 SMA. Daily trading range was 1.037. Intermediate Cycle is positive and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. Fractal Bias – Bearish.

6S (Swiss Franc) – closed at 1.0159 with a bullish candle below its 8 EMA, 21 EMA and 50 SMA. Daily trading range was 0.004. Intermediate Cycle is negative and falling. Short Cycle is negative and rising. Market direction: Sell. Fractal Bias – Bearish.

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

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

Market Internals
Market Breadth continues to slope downwards showing nett losers to gainers. Market Volume Acc/Dist is sloping downwards showing nett distribution. Market Sentiment is negative first time in a long time. Skew is at 127.65. Vix is at 22.96 and Vix Futures is at 20.55.

The Week Ahead
Market Breadth continues to deteriorate and distribution has only started the last few days. There is likely to be more days of continuous distribution if this market is to go down further. Skew is normal. Vix has increased to above 22 and Vix futures is now above 20. The prognosis is for volatility to continue till the end of the week. The Trade War is the elephant in the room and the market is taking notice of it in a serious manner.

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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