24 September 2019 – Trump UN speech, Indices tank, bonds is up
Indices Dow Transportation closed at 10333.31 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range is 235.95. Fractal Chaos Band – Closed 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 – 47.8.
Dow Industrial gapped up and closed at 26807.77 with a bearish engulfing candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 374.72. Fractal Chaos Band – crossed below its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 52.
Russell 2000 closed at 1533.586 with a big bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 32.304. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle – negative and falling. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 49.
Nasdaq 100 closed at 7710.0444 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 188.454. Fractal Chaos Band – crossed below its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 45.1.
S&P 500(SPX) gapped up and closed at 2966.60 with a bearish engulfing candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 50.25. Fractal Chaos Band – crossed below its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 50.3.
Metals and Commodities WTI Crude oil futures (CL) closed at $56.8 per barrel with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 1.8. Fractal Chaos Band – crossed below its FCB Lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 49.9.
Gold (/GC) closed at 1539.2 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 20.5. Fractal Chaos Band – crossed above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 59.2.
Commodities (DBC) ETF closed at 15.34 with a bearish candle above its 21 EMA, 50 SMA and below its 8 EMA, 200 SMA. Daily trading range – 0.2. Fractal Chaos Band – on its FCB lowerband. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 52.7.
Bonds Bond futures (/ZB) closed at 162’27 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 2.0625. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 56.3.
High Yield bond ETF (HYG) closed at 87.32 with a bearish engulfing candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.32. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Upward. RSI – 55.1.
Currency The dollar index ($DXY) closed at 98.333 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.4149. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 52.8.
EUR/USD closed at 1.1018 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.004. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 43.6.
USD/JPY closed at 107.03 with a bearish candle below its 8 EMA, 21 EMA, 200 SMA and on its 50 SMA. Daily trading range – 0.838. Fractal Chaos Band – crossed below its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 49.9.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, /ES, XLP, SPX, XLF, SPY, XLI, XLB, XLK, XLE, XLY and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, /ES, XLP, SPX, SPY, XLK, XLF, XLI, XLB, XLY, XLV and XLE.
Market Internals Market Sentiment – Bearish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 118.01. Vix – 17.05 and Vix Futures – 17.65.
The Week Ahead Market Sentiment has turned bearish. Market Internals have turned bearish as well. Vix and Vix futures have increased and are both below 18. Skew is normal. The trade war between US – China looks to be prolong. Global economy looks increasingly worse. The prognosis is for a continuing fall in 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.
24 September 2019 – Trump UN speech, Indices tank, bonds is up
Indices
Dow Transportation closed at 10333.31 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range is 235.95. Fractal Chaos Band – Closed 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 – 47.8.
Dow Industrial gapped up and closed at 26807.77 with a bearish engulfing candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 374.72. Fractal Chaos Band – crossed below its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 52.
Russell 2000 closed at 1533.586 with a big bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 32.304. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle – negative and falling. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 49.
Nasdaq 100 closed at 7710.0444 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 188.454. Fractal Chaos Band – crossed below its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 45.1.
S&P 500 (SPX) gapped up and closed at 2966.60 with a bearish engulfing candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 50.25. Fractal Chaos Band – crossed below its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 50.3.
Metals and Commodities
WTI Crude oil futures (CL) closed at $56.8 per barrel with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 1.8. Fractal Chaos Band – crossed below its FCB Lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 49.9.
Gold (/GC) closed at 1539.2 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 20.5. Fractal Chaos Band – crossed above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 59.2.
Commodities (DBC) ETF closed at 15.34 with a bearish candle above its 21 EMA, 50 SMA and below its 8 EMA, 200 SMA. Daily trading range – 0.2. Fractal Chaos Band – on its FCB lowerband. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 52.7.
Bonds
Bond futures (/ZB) closed at 162’27 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 2.0625. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 56.3.
High Yield bond ETF (HYG) closed at 87.32 with a bearish engulfing candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.32. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Upward. RSI – 55.1.
Currency
The dollar index ($DXY) closed at 98.333 with a bearish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.4149. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 52.8.
EUR/USD closed at 1.1018 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.004. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 43.6.
USD/JPY closed at 107.03 with a bearish candle below its 8 EMA, 21 EMA, 200 SMA and on its 50 SMA. Daily trading range – 0.838. Fractal Chaos Band – crossed below its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 49.9.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, /ES, XLP, SPX, XLF, SPY, XLI, XLB, XLK, XLE, XLY and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, /ES, XLP, SPX, SPY, XLK, XLF, XLI, XLB, XLY, XLV and XLE.
Market Internals
Market Sentiment – Bearish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 118.01. Vix – 17.05 and Vix Futures – 17.65.
The Week Ahead
Market Sentiment has turned bearish. Market Internals have turned bearish as well. Vix and Vix futures have increased and are both below 18. Skew is normal. The trade war between US – China looks to be prolong. Global economy looks increasingly worse. The prognosis is for a continuing fall in 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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