Bursa KLCI

Z5 Fri, 24 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Thur, 23 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Wed, 22 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Tue, 21 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Mon, 20 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Fri, 17 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Thur, 16 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Wed, 15 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Tue, 14 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Bursa Mon, 13 May 2024

BUrsa Daily
Bursa - Top 5 stocks for today.

Z5 Fri, 10 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 9 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 8 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 7 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 6 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri 3 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 2 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 1 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tues, 30 April 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 29 April 2024

Z5 Daily
Z5 - Top 5 stocks for today.

5 June 2019 – Where are the bulls?

Indices
Dow Transportation closed at 10171.30 with a small bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range was 107.02. Long Cycle is negative and falling slope. Intermediate Cycle is negative and rising slope. Short Term Cycle is negative and rising slope. Market direction – Sell.

Dow Industrial closed at 25539.57 with a small bullish marubozu candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range was 212.48. Long Cycle is negative with rising slope. Intermediate Cycle is negative and rising slope. Short Term Cycle is positive and rising slope. Market direction – Buy. 

Russell 2000 closed at 1506.7929 with a small spinning top doji candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range was 20.17. Long Cycle is negative and rising slope. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Sell. 

Nasdaq 100 closed at 7220.9032 with a hammer candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range was 88.8. Long Cycle is negative and rising slope. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell.

S&P 500 (SPX) closed at 2826.15 with a bullish hammer candle above its 8 EMA, 21 EMA , 200SMA and below its 50 SMA. Daily trading range was 26.36. Long Cycle is negative and rising slope. Intermediate Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Sell.    

Metals and Commodities
WTI Crude oil futures (CL) closed at $51.69 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.81. Long Cycle is negative and falling slope. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. RSI is 22 which is near Oversold.

Gold (/GC) closed at 1334.7 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 19.6. Long Cycle is positive and rising slope. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. 

Commodities (DBC) ETF closed at 14.86 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.37. Long Cycle is negative and falling slope. Intermediate Cycle is negative and falling slope. Short Cycle is negative and falling slope. Market direction: Sell. RSI is 28.9 which is near Oversold.    

Bonds
Bond futures (/ZB) closed at 153’03 with a bearish inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 1.094. Long Cycle is positive and rising. slope. Intermediate Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Buy.

High Yield bond ETF (HYG) closed at 85.70 with a small bullish candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range was 0.295. Long Cycle is negative and rising slope. Intermediate Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Sell. 

Currency
The dollar index ($DXY) closed at 97.302 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range was 0.621. Long Cycle is positive and falling slope. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell.    

EUR/USD closed at 1.1220 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0086. Long Cycle is negative and rising slope. Intermediate Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Buy. It is in a daily Squeeze.

USD/JPY closed at 108.45 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.663. Long Cycle is negative and falling slope. Intermediate Cycle is negative and falling slope. Short Cycle is negative and rising slope. Market direction: Sell. 

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

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

Market Internals
Market Sentiment is bullish. Market Breadth is sloping downwards showing more losers to gainers. Volume Acc/Dis is sloping upwards and showing accumulation. Skew is at 112.91. Vix is at 16.09 and Vix Futures is at 16.81.   

The Week Ahead 
The indices closed slightly higher as the market rebounded from its oversold position. Market Sentiment is bullish and market internals are showing mixed signals. Skew is normal. Vix is below 17 and Vix futures is below 17. The prognosis is for continuing volatility and selling pressure.

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.


Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>