Indices Dow Transportation closed at 10347.36 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. It is within its Fractal Chaos Band. Daily trading range was 118.75. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Up Trend. RSI is 53.
Dow Industrial closed at 26106.77 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is back within its Fractal Chaos Band. Daily trading range was 151.2. Long Cycle is negative with rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Up Trend. RSI is 58.5.
Russell 2000 closed at 1535.8037 with a bullish marubozu candle above its 8 EMA, on its 21 EMA and below its 50 SMA, 200 SMA. It is touching the upper Fractal Chaos Band. Daily trading range was 16.23. Long Cycle is negative and slow rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 53.4.
Nasdaq 100 closed at 7510.6834 with a tiny candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. It is within the Fractal Chaos Band. Daily trading range was 58.61. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 55.6.
S&P 500(SPX) gapped up and closed at 2891.64 with a small candle above its 8 EMA, 21 EMA, 50 SMA, 200SMA. It is within the Fractal Chaos Band. Daily trading range was 15.4. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 58.8.
Metals and Commodities WTI Crude oil futures (CL) closed at $52.2 per barrel with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.53. Long Cycle is negative and falling slope. Medium Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Down Trend. RSI is 26.9.
Gold (/GC) closed at 1346 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is within its Fractal Chaos Band. Daily trading range was 11.1. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Up Trend. RSI is 71.6.
Commodities (DBC) ETF gapped up and closed at 15.21 with a bearish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.29. It is within is Fractal Chaos Band. Long Cycle is negative and falling slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Down Trend. RSI is 43.2.
Bonds Bond futures (/ZB) closed at 154’05 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.75. It is within its Fractal Chaos Band. Long Cycle is positive and rising. slope. Medium Cycle is positive and falling slope. Short Cycle is negative and rising slope. Market direction: Up Trend. RSI is 66.
High Yield bond ETF (HYG) gapped up and closed at 86.35 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.26. It is within is Fractal Chaos Band. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 56.9.
Currency The dollar index ($DXY) closed at 97.029 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range was 0.21. It is within its Fractal Chaos Band. Long Cycle is negative and falling slope. Medium Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Down Trend. RSI is 45.2.
EUR/USD closed at 1.1275 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0035. It is within its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Up Trend. RSI is 55.6.
USD/JPY closed at 108.35 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.375. It is within its Fractal Chaos Band. Long Cycle is negative and rising slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 35.7.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLY and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLP, XLF, XLV and XLY respectively.
Market Internals Market Sentiment is bullish. Market Breadth is sloping slightly upward showing more gainers to losers. Volume Acc/Dis is sloping slightly upwards and showing slowing accumulation. Skew is at 113.33. Vix is at 15.82 and Vix Futures is at 16.15.
The Week Ahead The indices is on the move upwards and the general trend for the indices are upwards. Market Sentiment is bullish and market internals continues to signal bullishness. Skew is normal. Vix is below 16 and Vix futures is below 17. The prognosis is for continuing strength.
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.
13 June 2019 – Gold on the breakout!
Indices
Dow Transportation closed at 10347.36 with a bullish candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. It is within its Fractal Chaos Band. Daily trading range was 118.75. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Up Trend. RSI is 53.
Dow Industrial closed at 26106.77 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is back within its Fractal Chaos Band. Daily trading range was 151.2. Long Cycle is negative with rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction – Up Trend. RSI is 58.5.
Russell 2000 closed at 1535.8037 with a bullish marubozu candle above its 8 EMA, on its 21 EMA and below its 50 SMA, 200 SMA. It is touching the upper Fractal Chaos Band. Daily trading range was 16.23. Long Cycle is negative and slow rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 53.4.
Nasdaq 100 closed at 7510.6834 with a tiny candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. It is within the Fractal Chaos Band. Daily trading range was 58.61. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 55.6.
S&P 500 (SPX) gapped up and closed at 2891.64 with a small candle above its 8 EMA, 21 EMA, 50 SMA, 200SMA. It is within the Fractal Chaos Band. Daily trading range was 15.4. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 58.8.
Metals and Commodities
WTI Crude oil futures (CL) closed at $52.2 per barrel with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 2.53. Long Cycle is negative and falling slope. Medium Cycle is negative and rising slope. Short Cycle is negative and falling slope. Market direction: Down Trend. RSI is 26.9.
Gold (/GC) closed at 1346 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. It is within its Fractal Chaos Band. Daily trading range was 11.1. Long Cycle is positive and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and falling slope. Market direction: Up Trend. RSI is 71.6.
Commodities (DBC) ETF gapped up and closed at 15.21 with a bearish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range was 0.29. It is within is Fractal Chaos Band. Long Cycle is negative and falling slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Down Trend. RSI is 43.2.
Bonds
Bond futures (/ZB) closed at 154’05 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.75. It is within its Fractal Chaos Band. Long Cycle is positive and rising. slope. Medium Cycle is positive and falling slope. Short Cycle is negative and rising slope. Market direction: Up Trend. RSI is 66.
High Yield bond ETF (HYG) gapped up and closed at 86.35 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.26. It is within is Fractal Chaos Band. Long Cycle is negative and rising slope. Medium Cycle is positive and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 56.9.
Currency
The dollar index ($DXY) closed at 97.029 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range was 0.21. It is within its Fractal Chaos Band. Long Cycle is negative and falling slope. Medium Cycle is negative and rising slope. Short Cycle is negative and rising slope. Market direction: Down Trend. RSI is 45.2.
EUR/USD closed at 1.1275 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range was 0.0035. It is within its Fractal Chaos Band. Long Cycle is positive and rising slope. Medium Cycle is positive and falling slope. Short Cycle is positive and falling slope. Market direction: Up Trend. RSI is 55.6.
USD/JPY closed at 108.35 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range was 0.375. It is within its Fractal Chaos Band. Long Cycle is negative and rising slope. Medium Cycle is negative and rising slope. Short Cycle is positive and rising slope. Market direction: Up Trend. RSI is 35.7.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLY and XLP.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLB, XLK, XLP, XLF, XLV and XLY respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping slightly upward showing more gainers to losers. Volume Acc/Dis is sloping slightly upwards and showing slowing accumulation. Skew is at 113.33. Vix is at 15.82 and Vix Futures is at 16.15.
The Week Ahead
The indices is on the move upwards and the general trend for the indices are upwards. Market Sentiment is bullish and market internals continues to signal bullishness. Skew is normal. Vix is below 16 and Vix futures is below 17. The prognosis is for continuing strength.
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.
Share this:
Related