Indices Dow Transportation closed at 10433.32 with a bullish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range is 150.07. 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 – 51.4.
Dow Industrial gapped up and closed at 26970.71 with a bullish harami engulfing candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 260.7. Fractal Chaos Band – crossed above its FCB lowerband. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 55.8.
Russell 2000 closed at 1550.6544 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 22.24. 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 – 53.6.
Nasdaq 100 closed at 7803.5413 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 174.797. Fractal Chaos Band – crossed above its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 51.2.
S&P 500(SPX) closed at 2984.87 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 36.96. Fractal Chaos Band – crossed above its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 54.4.
Metals and Commodities WTI Crude oil futures (CL) closed at $56.66 per barrel with a doji candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 1.47. Fractal Chaos Band – below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 48.8.
Gold (/GC) closed at 1511 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 35.4. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 51.1.
Commodities (DBC) ETF gapped down and closed at 15.25 with a bullish marubozu candle above its 50 SMA and below its 8 EMA, 21 EMA, 200 SMA. Daily trading range – 0173. Fractal Chaos Band – below its FCB lowerband. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 50.
Bonds Bond futures (/ZB) closed at 161’04 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 2.1875. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and flat. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and falling. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 50.7.
High Yield bond ETF (HYG) closed at 87.23 with a hammer candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.295. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 52.8.
Currency The dollar index ($DXY) closed at 98.890 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.731. 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 – 56.8.
EUR/USD closed at 1.0959 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0085. Fractal Chaos Band – crossed below its FCB lowerband. 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 – 40.1.
USD/JPY closed at 107.75 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.9239. Fractal Chaos Band – crossed above its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 53.9.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, /ES, SPX, XLF, XLP, SPY, XLI, XLK, XLB, XLY, XLE 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 – Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 117.98. Vix – 15.96 and Vix Futures – 17.35.
The Week Ahead The market is rather volatile and it is not a good sign. Market Sentiment has turned bullish. Market Internals is bearish. Vix and Vix futures are below 16 and 18 respectively. Skew is normal. Bond and gold suffered a big drop and the indices climbed slightly. The prognosis is for an increase in volatility going into October with conflicting trade war news.
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.
25 September 2019 – Bond, Gold tanks
Indices
Dow Transportation closed at 10433.32 with a bullish marubozu candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range is 150.07. 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 – 51.4.
Dow Industrial gapped up and closed at 26970.71 with a bullish harami engulfing candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 260.7. Fractal Chaos Band – crossed above its FCB lowerband. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 55.8.
Russell 2000 closed at 1550.6544 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 22.24. 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 – 53.6.
Nasdaq 100 closed at 7803.5413 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 174.797. Fractal Chaos Band – crossed above its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 51.2.
S&P 500 (SPX) closed at 2984.87 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 36.96. Fractal Chaos Band – crossed above its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 54.4.
Metals and Commodities
WTI Crude oil futures (CL) closed at $56.66 per barrel with a doji candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 1.47. Fractal Chaos Band – below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 48.8.
Gold (/GC) closed at 1511 with a bearish candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 35.4. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 51.1.
Commodities (DBC) ETF gapped down and closed at 15.25 with a bullish marubozu candle above its 50 SMA and below its 8 EMA, 21 EMA, 200 SMA. Daily trading range – 0173. Fractal Chaos Band – below its FCB lowerband. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 50.
Bonds
Bond futures (/ZB) closed at 161’04 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 2.1875. Fractal Chaos Band – Within its FCB. Long Cycle Wave – positive and flat. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and falling. Market direction – Weak DownTrend. Momentum – Weak Downward. RSI – 50.7.
High Yield bond ETF (HYG) closed at 87.23 with a hammer candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.295. Fractal Chaos Band – within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 52.8.
Currency
The dollar index ($DXY) closed at 98.890 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.731. 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 – 56.8.
EUR/USD closed at 1.0959 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0085. Fractal Chaos Band – crossed below its FCB lowerband. 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 – 40.1.
USD/JPY closed at 107.75 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 0.9239. Fractal Chaos Band – crossed above its FCB lowerband. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – negative and rising. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 53.9.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P 500 ETFs are XLU, /ES, SPX, XLF, XLP, SPY, XLI, XLK, XLB, XLY, XLE 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 – Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 117.98. Vix – 15.96 and Vix Futures – 17.35.
The Week Ahead
The market is rather volatile and it is not a good sign. Market Sentiment has turned bullish. Market Internals is bearish. Vix and Vix futures are below 16 and 18 respectively. Skew is normal. Bond and gold suffered a big drop and the indices climbed slightly. The prognosis is for an increase in volatility going into October with conflicting trade war news.
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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