Indices Dow Transportation closed at 10107.47 with a small spinning top doji candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range is 139.36. Fractal Chaos Band – Closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 45.9.
Dow Industrial closed at 26202.73 with a small bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range – 305.88. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 47.8.
Russell 2000 closed at 1509.8503 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 14.07. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 47.5.
Nasdaq 100 closed at 7733.2157 with a small doji candle above its 8 EMA, 21 EMA, 200 SMA and 50 SMA. Daily trading range – 90.185. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 51.4.
S&P 500(SPX) closed at 2924.43 with a tiny candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 28.22. 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 – Weak UpTrend. Momentum – Strong Upward. RSI – 49.9.
Metals and Commodities WTI Crude oil futures (CL) closed at $55.85 per barrel with a low closing spinning top doji candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range – 1.58. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 50.7.
Gold (/GC) closed at 1512.6 with a small bearish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 11.9. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 60.5.
Commodities (DBC) ETF gapped up and closed at 14.99 with a bearish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.1654. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 44.2.
Bonds Bond futures (/ZB) closed at 164’15 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.5. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Upward. RSI – 68.2.
High Yield bond ETF (HYG) gapped up and closed at 86.79 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.43. Fractal Chaos Band – above the FCB Upperband. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 55.3.
Currency The dollar index ($DXY) closed at 98.254 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.378. Fractal Chaos Band – within its 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 – 59.8.
EUR/USD closed at 1.1083 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0026. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 37.8.
USD/JPY closed at 106.60 with a bearish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.434. 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 – Weak DownTrend. Momentum – Strong Upward. RSI – 44.9.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, XLP, XLK, /ES, XLY, SPY, XLV, SPX, XLI, XLB, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, XLP, XLK, SPY, XLY, SPX, /ES, XLI, XLB, XLV, XLF and XLE.
Market Internals Market Sentiment – Bearish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 114.48. Vix – 16.36 and Vix Futures – 17.75.
The Week Ahead Market Sentiment is slightly bearish. Skew is normal. Vix is below 17. Vix Futures is below 18. Market internals are is showing some strength. It is odd for the market internals to be showing bullish and yet the market sentiment is showing slight bearishness. The prognosis is for a continuing volatile market with downward 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.
21 August 2019 – Bond and Indices rose together
Indices
Dow Transportation closed at 10107.47 with a small spinning top doji candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range is 139.36. Fractal Chaos Band – Closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 45.9.
Dow Industrial closed at 26202.73 with a small bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range – 305.88. Fractal Chaos Band – Within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 47.8.
Russell 2000 closed at 1509.8503 with a bullish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 14.07. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle – positive and rising. Market direction – Weak DownTrend. Momentum – Strong Upward. RSI – 47.5.
Nasdaq 100 closed at 7733.2157 with a small doji candle above its 8 EMA, 21 EMA, 200 SMA and 50 SMA. Daily trading range – 90.185. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 51.4.
S&P 500 (SPX) closed at 2924.43 with a tiny candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 28.22. 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 – Weak UpTrend. Momentum – Strong Upward. RSI – 49.9.
Metals and Commodities
WTI Crude oil futures (CL) closed at $55.85 per barrel with a low closing spinning top doji candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range – 1.58. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 50.7.
Gold (/GC) closed at 1512.6 with a small bearish candle on its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 11.9. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 60.5.
Commodities (DBC) ETF gapped up and closed at 14.99 with a bearish marubozu candle above its 8 EMA and below its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.1654. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 44.2.
Bonds
Bond futures (/ZB) closed at 164’15 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.5. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Upward. RSI – 68.2.
High Yield bond ETF (HYG) gapped up and closed at 86.79 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.43. Fractal Chaos Band – above the FCB Upperband. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 55.3.
Currency
The dollar index ($DXY) closed at 98.254 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.378. Fractal Chaos Band – within its 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 – 59.8.
EUR/USD closed at 1.1083 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0026. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 37.8.
USD/JPY closed at 106.60 with a bearish candle above its 8 EMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.434. 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 – Weak DownTrend. Momentum – Strong Upward. RSI – 44.9.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, XLP, XLK, /ES, XLY, SPY, XLV, SPX, XLI, XLB, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, XLP, XLK, SPY, XLY, SPX, /ES, XLI, XLB, XLV, XLF and XLE.
Market Internals
Market Sentiment – Bearish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 114.48. Vix – 16.36 and Vix Futures – 17.75.
The Week Ahead
Market Sentiment is slightly bearish. Skew is normal. Vix is below 17. Vix Futures is below 18. Market internals are is showing some strength. It is odd for the market internals to be showing bullish and yet the market sentiment is showing slight bearishness. The prognosis is for a continuing volatile market with downward 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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