Indices Dow Transportation closed at 10537.51 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 135.87. 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 – Strong UpTrend. Momentum – Weak Upward. RSI – 53.8.
Dow Industrial closed at 27222.97 with a small spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 198.02. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 68.
Russell 2000 closed at 1555.6239 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 11.39. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle – negative and falling. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 51.6.
Nasdaq 100 closed at 7904.1321 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 84.84. 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 – Weak UpTrend. Momentum – Weak Upward. RSI – 62.8.
S&P 500(SPX) closed at 2995.11 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 25.19. 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 – Strong UpTrend. Momentum – Weak Upward. RSI – 61.9.
Metals and Commodities WTI Crude oil futures (CL) closed at $55.77 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 2.6. Fractal Chaos Band – below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 42.2.
Gold (/GC) closed at 1447.4 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 34.1. Fractal Chaos Band – above the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 67.7.
Commodities (DBC) ETF closed at 15.47 with a bearish candle below 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.265. Fractal Chaos Band – below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 43.4.
Bonds Bond futures (/ZB) closed at 155’03 with a bullish high closing doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 1.0312. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 55.4.
High Yield bond ETF (HYG) closed at 86.74 with a high closing doji candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 0.25. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 49.8.
Currency The dollar index ($DXY) closed at 96.681 with a bearish marubozu candle and below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.593. Fractal Chaos Band – below its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 45.5.
EUR/USD closed at 1.1275 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.0075. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 52.8.
USD/JPY closed at 107.27 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.81. Fractal Chaos Band – below its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 37.1.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP and XLK.
On a 6-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 is XLU, XLP and XLK.
Market Internals Market Sentiment – Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew -125.42. Vix – 13.53 and Vix Futures – 15.20.
The Week Ahead Market Sentiment remains bullish. Market internals are giving down trend signals. Skew is normal. Vix is below 14 and Vix Futures is below 16. Vix futures is signalling volatility. The prognosis is for increased in volatility and selling pressure on the indices.
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.
18 July 2019 – Volatility and the bulls ambush
Indices
Dow Transportation closed at 10537.51 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range 135.87. 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 – Strong UpTrend. Momentum – Weak Upward. RSI – 53.8.
Dow Industrial closed at 27222.97 with a small spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 198.02. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle – positive and falling. Short Cycle – positive and falling. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 68.
Russell 2000 closed at 1555.6239 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 11.39. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle – negative and falling. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 51.6.
Nasdaq 100 closed at 7904.1321 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 84.84. 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 – Weak UpTrend. Momentum – Weak Upward. RSI – 62.8.
S&P 500 (SPX) closed at 2995.11 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 25.19. 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 – Strong UpTrend. Momentum – Weak Upward. RSI – 61.9.
Metals and Commodities
WTI Crude oil futures (CL) closed at $55.77 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 2.6. Fractal Chaos Band – below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 42.2.
Gold (/GC) closed at 1447.4 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 34.1. Fractal Chaos Band – above the FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 67.7.
Commodities (DBC) ETF closed at 15.47 with a bearish candle below 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.265. Fractal Chaos Band – below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 43.4.
Bonds
Bond futures (/ZB) closed at 155’03 with a bullish high closing doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 1.0312. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 55.4.
High Yield bond ETF (HYG) closed at 86.74 with a high closing doji candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 0.25. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 49.8.
Currency
The dollar index ($DXY) closed at 96.681 with a bearish marubozu candle and below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.593. Fractal Chaos Band – below its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 45.5.
EUR/USD closed at 1.1275 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.0075. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 52.8.
USD/JPY closed at 107.27 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.81. Fractal Chaos Band – below its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 37.1.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 are XLU, XLP and XLK.
On a 6-monthly lookback, the relative strength order of the ETFs that are outperforming the S&P 500 is XLU, XLP and XLK.
Market Internals
Market Sentiment – Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew -125.42. Vix – 13.53 and Vix Futures – 15.20.
The Week Ahead
Market Sentiment remains bullish. Market internals are giving down trend signals. Skew is normal. Vix is below 14 and Vix Futures is below 16. Vix futures is signalling volatility. The prognosis is for increased in volatility and selling pressure on the indices.
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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