Bursa KLCI

Z5 Fri, 24 May 2024

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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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15 January 2019 – Volatile Trading, Brexit No Plan

Indices
Dow Transportation closed at 9557.70 with a bearish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 150.63. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy. 

Dow Industrial closed at 24065.59 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 211.21. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy. 

Russell 2000 closed at 1445.22 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 13.09. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. 

Nasdaq 100 closed at 6669.64 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 133.495. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.

S&P 500 closed at 2610.30 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 30.47. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $51.99 per barrel with a bullish candle above its 8 EMA, 21 EMA, on its 50 SMA and below its 200 SMA. Daily trading range was 1.66. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.    

Gold futures (GC) closed at 1289.4 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 8.3. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.

Commodities (DBC) ETF closed at 15.31 with a small doji candle above its 8 EMA, 21 EMA and below its 50 SMA and 200 SMA. Daily trading range was 0.16. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Buy.   

Bonds
Bond futures (/ZB) closed at 145’12 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.75. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Sell.  

High Yield bond ETF (HYG) gapped down and closed at 83.90 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.39. Intermediate Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Buy. 

Currency
The dollar index ($DXY) closed at 95.961 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range was 0.795. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell.      

EUR/USD closed at 1.1411 with a bearish candle below its 8 EMA, 21 EMA, 200 SMA and above its 200 SMA. Daily trading range was 0.0107. 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.

USD/JPY closed at 108.64 with a bullish candle below its 21 EMA, 50 SMA and 200 SMA and on its 8 EMA. Daily trading range was 0.641. Intermediate Cycle is negative and rising slope. Short Cycle is negative 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 XLE, XLY, XLI and XLF.

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

Market Internals
Market Sentiment is bullish. Market Breadth is sloping upwards showing more gainers than losers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 126.87. Vix is at 18.60 and Vix Futures is at 18.81.   

The Week Ahead
Market Internals are showing bullishness. Skew is normal. Vix and Vix futures are trending down. The prognosis is for the market to move higher but perhaps with a quick pullback.

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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