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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3 July 2019 – A 4 July market, Bullish!

Indices
Dow Transportation closed at 10523.31 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 114. Fractal Chaos Band – Within FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong upward. RSI – 58.2.

Dow Industrial closed at 26966.00 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 179.32. Fractal Chaos Band – Broke above FCB. Long Cycle – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and rising. Market direction – Strong UpTrend. Momentum – Upward. RSI – 71.

Russell 2000 closed at 1572.1221 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 11.58. 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 – 59.8.

Nasdaq 100 closed at 7857.6898 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 57.87. 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 – Strong UpTrend. Momentum – Strong Upward. RSI – 67.6.

S&P 500 (SPX) closed at 2995.82 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 22.83. 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 – Strong UpTrend. Momentum – Upward. RSI – 70.9.

Metals and Commodities
WTI Crude oil futures (CL) closed at $57.26 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.44. 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 – Neutral. RSI – 50.9.

Gold (/GC) closed at 1421.5 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 26.3. Fractal Chaos Band – within the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upwards. RSI – 69.

Commodities (DBC) ETF closed at 15.61 with a small bullish candle above its 21 EMA and below its 8 EMA, 50 SMA, 200 SMA. Daily trading range – 0.165. 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 – 51.1.

Bonds
Bond futures (/ZB) closed at 156’20 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.6875. Fractal Chaos Band – above its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Neutral. RSI – 67.3.

High Yield bond ETF (HYG) closed at 87.34 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.38. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – UpTrend. Momentum – Upward. RSI – 61.

Currency
The dollar index ($DXY) closed at 96.738 with a spinning top doji candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 0.271. 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 – 48.

EUR/USD closed at 1.1277 with a low closing spinning top doji candle below its 8 EMA, 21 EMA, 200 SMA and above its 50 SMA. Daily trading range – 0.0043. 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 – 0.375. 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 – 41.7.

Relative Strength – Sectors 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.

On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLK, XLY and XLI 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 -120.82. Vix – 12.57 and Vix Futures – 14.15.   

The Week Ahead 
Market Sentiment remains bullish. The indices continued its uptrend before the 4th July holiday. 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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