Indices Dow Transportation closed at 10420.46 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 144.64. Fractal Chaos Band – Within FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong upward. RSI – 54.6.
Dow Industrial closed at 26786.68 with a bullish hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 154.91. Fractal Chaos Band – within FCB. Long Cycle – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 67.5.
Russell 2000 closed at 1560.5378 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 16.73. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 56.8.
Nasdaq 100 closed at 7799.8235 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 54.46. Fractal Chaos Band – above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Strong Upward. RSI – 65.1.
S&P 500(SPX) closed at 2973.01 with a bullish hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200SMA. Daily trading range – 17.29. Fractal Chaos Band – above the 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 – 67.6.
Metals and Commodities WTI Crude oil futures (CL) closed at $56.32 per barrel with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 3.34. Fractal Chaos Band – within the FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 48.6.
Gold (/GC) closed at 1387 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 17.9. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – UpTrend. Momentum – Neutral. RSI – 72.1.
Commodities (DBC) ETF closed at 15.46 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.29. Fractal Chaos Band – within FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Neutral. RSI – 46.3.
Bonds Bond futures (/ZB) closed at 155’06 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.0625. Fractal Chaos Band – above its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Neutral. RSI – 65.8.
High Yield bond ETF (HYG) closed at 87.01 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.24. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – UpTrend. Momentum – Neutral. RSI – 56.8.
Currency The dollar index ($DXY) closed at 93.738 with a spinning top doji candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range – 0.737. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – DownTrend. Momentum – Upward. RSI – 47.6.
EUR/USD closed at 1.1283 with a low closing doji candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range – 0.0046. 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 – DownTrend. Momentum – downward. RSI – 50.6.
USD/JPY closed at 107.86 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.703. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and falling. Market direction – DownTrend. Momentum – Upward. RSI – 40.9.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY and XLB.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB, XLV and XLY respectively.
Market Internals Market Sentiment – Bullish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping sharply upwards and showing accumulation. Skew -122.14. Vix – 12.93 and Vix Futures – 14.45.
The Week Ahead Market Sentiment remains bullish. The indices continued its uptrend after yesterday’s gapped up and then pullback. Skew is normal. Vix is below 13 and Vix Futures is below 15. Market Internals are showing strength. The prognosis is for a continuing uptrend.
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.
2 July 2019 – Volatility, Gold up, Oil down
Indices
Dow Transportation closed at 10420.46 with a bearish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 144.64. Fractal Chaos Band – Within FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong upward. RSI – 54.6.
Dow Industrial closed at 26786.68 with a bullish hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 154.91. Fractal Chaos Band – within FCB. Long Cycle – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 67.5.
Russell 2000 closed at 1560.5378 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 16.73. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 56.8.
Nasdaq 100 closed at 7799.8235 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 54.46. Fractal Chaos Band – above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Strong Upward. RSI – 65.1.
S&P 500 (SPX) closed at 2973.01 with a bullish hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200SMA. Daily trading range – 17.29. Fractal Chaos Band – above the 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 – 67.6.
Metals and Commodities
WTI Crude oil futures (CL) closed at $56.32 per barrel with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 3.34. Fractal Chaos Band – within the FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – UpTrend. Momentum – Upward. RSI – 48.6.
Gold (/GC) closed at 1387 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 17.9. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – UpTrend. Momentum – Neutral. RSI – 72.1.
Commodities (DBC) ETF closed at 15.46 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.29. Fractal Chaos Band – within FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – DownTrend. Momentum – Neutral. RSI – 46.3.
Bonds
Bond futures (/ZB) closed at 155’06 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.0625. Fractal Chaos Band – above its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Neutral. RSI – 65.8.
High Yield bond ETF (HYG) closed at 87.01 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.24. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – UpTrend. Momentum – Neutral. RSI – 56.8.
Currency
The dollar index ($DXY) closed at 93.738 with a spinning top doji candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range – 0.737. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – DownTrend. Momentum – Upward. RSI – 47.6.
EUR/USD closed at 1.1283 with a low closing doji candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range – 0.0046. 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 – DownTrend. Momentum – downward. RSI – 50.6.
USD/JPY closed at 107.86 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.703. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and falling. Market direction – DownTrend. Momentum – Upward. RSI – 40.9.
Relative Strength – Sectors On a monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY and XLB.
On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLB, XLV and XLY respectively.
Market Internals
Market Sentiment – Bullish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping sharply upwards and showing accumulation. Skew -122.14. Vix – 12.93 and Vix Futures – 14.45.
The Week Ahead
Market Sentiment remains bullish. The indices continued its uptrend after yesterday’s gapped up and then pullback. Skew is normal. Vix is below 13 and Vix Futures is below 15. Market Internals are showing strength. The prognosis is for a continuing uptrend.
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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