Bursa KLCI

Z5 Fri, 24 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Thur, 23 May 2024

Bursa Daily
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Z5 Wed, 22 May 2024

Bursa Daily
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Z5 Tue, 21 May 2024

Bursa Daily
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Z5 Mon, 20 May 2024

Bursa Daily
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Z5 Fri, 17 May 2024

Bursa Daily
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Z5 Thur, 16 May 2024

Bursa Daily
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Z5 Wed, 15 May 2024

Bursa Daily
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Z5 Tue, 14 May 2024

Bursa Daily
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Bursa Mon, 13 May 2024

BUrsa Daily
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Z5 Fri, 10 May 2024

Z5 Daily
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Z5 Thur, 9 May 2024

Z5 Daily
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Z5 Wed, 8 May 2024

Z5 Daily
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Z5 Tue, 7 May 2024

Z5 Daily
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Z5 Mon, 6 May 2024

Z5 Daily
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Z5 Fri 3 May 2024

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Z5 Thur, 2 May 2024

Z5 Daily
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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

Z5 Daily
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23 November 2018 – Half day Black Friday lacklustre market


Indices (Weekly chart)
Dow Transportation closed at 10369.01 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 416.92. Intermediate Cycle is negative with falling slope. Short term cycle is negative with falling slope. Market direction:- Sell. Fractal Bias – Bearish.

Dow Industrial closed at 24285.95 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 1144.48. Intermediate Cycle is positive and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.

Russell 2000 closed at 1488.681 with a bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 62.284. Intermediate Cycle is negative and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.

Nasdaq 100 closed at 6527.3473 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 424.655. Intermediate Cycle is negative and falling. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bearish.

S&P 500 closed at 2632.56 with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 105.18. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.

Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $50.39 per barrel with a big bearish marubozu candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 7.43. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.

Gold futures (GC) closed at 1223.4 with a small doji candle on its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 12.4. Intermediate Cycle is negative and rising. Short term cycle is negative and rising. Market direction:- Buy. Fractal Bias – Bearish.

Agriculture (DBA) ETF closed at 17.16 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.32. Intermediate Cycle is negative and rising. Short term cycle is negative and falling. Market direction:- Sell. Fractal Bias – Bullish.

Commodities (DBC) ETF closed at 15.30 with a big bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.93. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.

Bonds (Weekly charts)
Bond futures (/ZB) closed at 140’01 with a small bullish spinning top doji candle above its 8 EMA and below its 21 EMA and 50 SMA. Weekly trading range was 1.5312. Intermediate Cycle is negative and rising slope. Short term cycle is negative and rising slope. Market direction:- Sell. Fractal Bias – Bullish.

High Yield bond ETF (HYG) closed at 82.71 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.64. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.

Currencies (Weekly charts)
The dollar index ($DXY) closed at 96.944 with a bullish candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.935. Intermediate Cycle is positive and rising slope. Short term cycle is positive and rising slope. Market direction:- Buy. Fractal Bias – Bullish. It is in a Squeeze.

EUR/USD closed at 1.1333 with a bearish candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0144. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish.

USD/JPY closed at 112.98 with a small spinning top candle above its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.8689. Intermediate Cycle is positive and rising. Short term cycle is positive and falling. Market direction:- Buy. Fractal Bias – Bullish.

6S (Swiss Franc) closed at 1.0042 with a low closing spinning top doji candle below its 8 EMA, 21 EMA and 50 SMA. Weekly trading range was 0.0097. Intermediate Cycle is negative and falling slope. Short term cycle is negative and falling slope. Market direction:- Sell. Fractal Bias – Bearish. It is in monthly Squeeze.

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

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

Market Internals
Market Sentiment is slightly bullish. Market Breadth is sloping downwards showing more losers than gainers. Volume Acc/Dis is sloping slightly downwards showing distribution. Skew is at 117.21. Vix is at 21.52 and Vix futures 20.45.

The Week Ahead
Market Internals have weakened. Skew is normal and Vix is above 21 and Vix futures is above 20. The market is awaiting the outcome of the G-20 meeting in Argentina this coming week.

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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