Indices Dow Transportation closed at 10176.79 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 100.55. Fractal Chaos Band – Below Lowerband FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Neutral. RSI – 46.1.
Dow Industrial closed at 26536.82 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 123.71. Fractal Chaos Band – within FCB. Long Cycle – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 62.0.
Russell 2000 closed at 1517.7753 with a small bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 12.36. Fractal Chaos Band – within FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 45.5.
Nasdaq 100 closed at 7627.0509 with a small inverted hammer candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 97.1. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 56.5.
S&P 500(SPX) closed at 2913.78 with a bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA, 200SMA. Daily trading range – 19.6. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – UpTrend. Momentum – Neutral. RSI – 56.8.
Metals and Commodities WTI Crude oil futures (CL) closed at $59.21 per barrel with a small spinning top doji candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 1.28. Fractal Chaos Band – above FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 59.6.
Gold (/GC) closed at 1412.4 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 22.9. Fractal Chaos Band – above FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 76.7.
Commodities (DBC) ETF closed at 15.90 with a low closing doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.18. Fractal Chaos Band – above the Upperband FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 61.8.
Bonds Bond futures (/ZB) closed at 154’29 with a big bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.1875. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – UpTrend. Momentum – Downward. RSI – 60.3.
High Yield bond ETF (HYG) closed at 86.91 with a bearish candle below 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.285. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 57.3.
Currency The dollar index ($DXY) closed at 96.171 with a doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.276. Fractal Chaos Band – below its LowerBand FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 36.5.
EUR/USD closed at 1.1366 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0043. Fractal Chaos Band – above its Upperband FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 61.7.
USD/JPY closed at 107.76 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.754. Fractal Chaos Band – below its LowerBand FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – DownTrend. Momentum – Neutral. RSI – 41.3.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB, XLE and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB, XLV, XLE and XLY respectively.
Market Internals Market Sentiment – bullish. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew -117.16. Vix – 16.21 and Vix Futures – 16.35.
The Week Ahead Market Sentiment remains bullish. The indices have pulled back slightly and the market is volatile with news of the impending meeting at the G20 summit in Osaka. Market internals are showing weakening. Skew is normal. Vix is below 17 and Vix futures is below 17. The prognosis is for further 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.
26 June 2019 – Indices pulled back
Indices
Dow Transportation closed at 10176.79 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 100.55. Fractal Chaos Band – Below Lowerband FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Neutral. RSI – 46.1.
Dow Industrial closed at 26536.82 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 123.71. Fractal Chaos Band – within FCB. Long Cycle – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 62.0.
Russell 2000 closed at 1517.7753 with a small bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 12.36. Fractal Chaos Band – within FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 45.5.
Nasdaq 100 closed at 7627.0509 with a small inverted hammer candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 97.1. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 56.5.
S&P 500 (SPX) closed at 2913.78 with a bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA, 200SMA. Daily trading range – 19.6. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – UpTrend. Momentum – Neutral. RSI – 56.8.
Metals and Commodities
WTI Crude oil futures (CL) closed at $59.21 per barrel with a small spinning top doji candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 1.28. Fractal Chaos Band – above FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 59.6.
Gold (/GC) closed at 1412.4 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 22.9. Fractal Chaos Band – above FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 76.7.
Commodities (DBC) ETF closed at 15.90 with a low closing doji candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.18. Fractal Chaos Band – above the Upperband FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 61.8.
Bonds
Bond futures (/ZB) closed at 154’29 with a big bearish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.1875. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – UpTrend. Momentum – Downward. RSI – 60.3.
High Yield bond ETF (HYG) closed at 86.91 with a bearish candle below 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.285. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 57.3.
Currency
The dollar index ($DXY) closed at 96.171 with a doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.276. Fractal Chaos Band – below its LowerBand FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Downward. RSI – 36.5.
EUR/USD closed at 1.1366 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0043. Fractal Chaos Band – above its Upperband FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 61.7.
USD/JPY closed at 107.76 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.754. Fractal Chaos Band – below its LowerBand FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – DownTrend. Momentum – Neutral. RSI – 41.3.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB, XLE and XLY.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB, XLV, XLE and XLY respectively.
Market Internals
Market Sentiment – bullish. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew -117.16. Vix – 16.21 and Vix Futures – 16.35.
The Week Ahead
Market Sentiment remains bullish. The indices have pulled back slightly and the market is volatile with news of the impending meeting at the G20 summit in Osaka. Market internals are showing weakening. Skew is normal. Vix is below 17 and Vix futures is below 17. The prognosis is for further 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.
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