Indices (Weekly chart) Dow Transportation closed at 10776.67 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 270.19. 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 – Weak UpTrend. Momentum – Strong Upward. RSI – 56.6.
Dow Industrial closed at 27192.45 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 306.33. Fractal Chaos Band – Above its FCB. Long Cycle Wave – positive and rising. Medium CycleWave – positive and rising. Short cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. It is in a monthly Squeeze. RSI – 61.5.
Russell 2000 closed at 1578.9674 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 38.07. Fractal Chaos Band – Within FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and rising slope. Short cycle Wave – positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 54.4.
Nasdaq 100 closed at 8016.9528 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 192.28. Fractal Chaos Band – Above 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 – 64.2.
S&P 500 closed at 3025.86 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 51.37. 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 – 63.5.
Metals and Commodities (Weekly charts) WTI Crude oil futures (CL) closed at $56.16 per barrel with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range was 2.31. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and falling. Short cycle – positive and falling. Market direction:- Strong DownTrend. Momentum – Weak Downward. RSI – 46.2.
Gold futures (GC) closed at 1431.8 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 23. Fractal Chaos Band – Within FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short cycle – positive and falling. Market direction:- Weak UpTrend. Momentum – Strong Upward. RSI – 72.8.
Bonds (Weekly charts) Bond futures (/ZB) closed at 154’16 with a doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range was 1.8437. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short cycle – negative and falling. Market direction:- Weak UpTrend. Momentum – Neutral. RSI – 65.8.
High Yield bond ETF (HYG) closed at 87.17 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 0.6. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short cycle – positive and falling. Market direction:- Weak UpTrend. Momentum – Strong Upward. RSI – 59.2.
Currencies (Weekly charts) The dollar index ($DXY) closed at 97.905 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range – 1.0139. 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 – 56.7.
EUR/USD closed at 1.1125 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 0.0123. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short cycle – negative and falling. Market direction:- Strong DownTrend. Momentum – Strong Downward. RSI – 42.
USD/JPY closed at 108.73 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 1.135. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short cycle – positive and rising. Market direction:- Weak DownTrend. Momentum – Neutral Downward. RSI – 44.8.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the ETFs are XLF, SPY, XLK, XLP, XLB, XLY, XLI, XLU, XLV and XLE respectively.
On a 12-monthly lookback, the relative strength order of the ETFs are SPY, XLK, XLP, XLY, XLF, XLI, XLU, XLB, XLV and XLE respectively.
Market Internals Market Sentiment is bullish. Market Breadth is sloping upwards showing more gainers than losers. Volume Acc/Dis is sloping upwards showing accumulation. Skew is at 123.27. Vix is at 12.16 and Vix futures 14.45.
The Week Ahead Market Sentiment continues to be bullish. Market Internals are still showing strength. Vix is below 13 and Vix futures is now below 15. Skew is normal. The market uptrend continues for the last 2 months and the prognosis is for the up Trend to continue.
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 July 2019 – UpTrend continues
Indices (Weekly chart)
Dow Transportation closed at 10776.67 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 270.19. 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 – Weak UpTrend. Momentum – Strong Upward. RSI – 56.6.
Dow Industrial closed at 27192.45 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 306.33. 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. It is in a monthly Squeeze. RSI – 61.5.
Russell 2000 closed at 1578.9674 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 38.07. Fractal Chaos Band – Within FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and rising slope. Short cycle Wave – positive and rising slope. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 54.4.
Nasdaq 100 closed at 8016.9528 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 192.28. Fractal Chaos Band – Above 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 – 64.2.
S&P 500 closed at 3025.86 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 51.37. 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 – 63.5.
Metals and Commodities (Weekly charts)
WTI Crude oil futures (CL) closed at $56.16 per barrel with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Weekly trading range was 2.31. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and falling. Short cycle – positive and falling. Market direction:- Strong DownTrend. Momentum – Weak Downward. RSI – 46.2.
Gold futures (GC) closed at 1431.8 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range was 23. Fractal Chaos Band – Within FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short cycle – positive and falling. Market direction:- Weak UpTrend. Momentum – Strong Upward. RSI – 72.8.
Bonds (Weekly charts)
Bond futures (/ZB) closed at 154’16 with a doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range was 1.8437. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short cycle – negative and falling. Market direction:- Weak UpTrend. Momentum – Neutral. RSI – 65.8.
High Yield bond ETF (HYG) closed at 87.17 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 0.6. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short cycle – positive and falling. Market direction:- Weak UpTrend. Momentum – Strong Upward. RSI – 59.2.
Currencies (Weekly charts)
The dollar index ($DXY) closed at 97.905 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Weekly trading range – 1.0139. 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 – 56.7.
EUR/USD closed at 1.1125 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 0.0123. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short cycle – negative and falling. Market direction:- Strong DownTrend. Momentum – Strong Downward. RSI – 42.
USD/JPY closed at 108.73 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Weekly trading range – 1.135. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short cycle – positive and rising. Market direction:- Weak DownTrend. Momentum – Neutral Downward. RSI – 44.8.
Relative Strength – Sectors
On a 3-monthly lookback, the relative strength order of the ETFs are XLF, SPY, XLK, XLP, XLB, XLY, XLI, XLU, XLV and XLE respectively.
On a 12-monthly lookback, the relative strength order of the ETFs are SPY, XLK, XLP, XLY, XLF, XLI, XLU, XLB, XLV and XLE respectively.
Market Internals
Market Sentiment is bullish. Market Breadth is sloping upwards showing more gainers than losers. Volume Acc/Dis is sloping upwards showing accumulation. Skew is at 123.27. Vix is at 12.16 and Vix futures 14.45.
The Week Ahead
Market Sentiment continues to be bullish. Market Internals are still showing strength. Vix is below 13 and Vix futures is now below 15. Skew is normal. The market uptrend continues for the last 2 months and the prognosis is for the up Trend to continue.
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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