Indices Dow Transportation closed at 10871.35 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range is 71.77. 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 – Neutral. Momentum – Strong Downward. RSI – 55.7.
Dow Industrial closed at 27781.96 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 123.74. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 71.3.
Russell 2000 closed at 1588.7936 with a doji candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 8.0321. 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 – 60.5.
Nasdaq 100 closed at 8257.8308 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 52.347. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 68.2.
S&P 500(SPX) closed at 3096.63 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 14.94. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 69.6.
Metals and Commodities WTI Crude oil futures (CL) closed at $56.9 per barrel with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 1.16. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 56.1.
Gold (/GC) closed at 1472 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 13.8. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling slope. Medium Cycle Wave – negative and rising slope. Short Cycle Wave – negative and rising slope. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 41.2.
Commodities (DBC) ETF closed at 15.50 with a bearish candle below its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range – 0.136. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong Upward. Momentum – Weak Downward. RSI – 52.8.
Bonds Bond futures (/ZB) closed at 158’18 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range – 1.7187. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Weak Upward. RSI – 45.1.
High Yield bond ETF (HYG) closed at 86.68 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 0.15. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 41.8.
Currency The dollar index ($DXY) closed at 98.148 with a bearish candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 0.312. Fractal Chaos Band – closed above its 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 – 52.
EUR/USD closed at 1.1019 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0038. Fractal Chaos Band – closed below its FCB lowerband. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 43.8.
USD/JPY closed at 108.4 with a bearish candle above its 50 SMA and below its 8 EMA, 21 EMA, 200 SMA. Daily trading range – 0.628. 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 – Strong DownTrend. Momentum – Strong Downward. RSI – 50.4.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, SPY, SPX, XLK, XLV, XLB, XLI, XLF, XLP, XLY, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, SPY, SPX, XLK, XLB, XLI, XLV, XLP, XLF, XLY, XLU and XLE.
Market Internals Market Sentiment – Rather Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 126.28. Vix – 13.05 and Vix Futures – 13.55.
The Week Ahead The indices continued upwards even as the market internals are showing weakness. S&P 500 and Dow Industrial made new all-time highs. Skew is normal and Vix and vix Futures are both below 14. A divergence is occurring which shows indices making new highs as the market internals are signalling distribution and lower gainers to losers ratio. The prognosis is for this market to turn south in the not too distant future.
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.
14 November 2019 – New All-Time in Indices
Indices
Dow Transportation closed at 10871.35 with a bullish candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range is 71.77. 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 – Neutral. Momentum – Strong Downward. RSI – 55.7.
Dow Industrial closed at 27781.96 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 123.74. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 71.3.
Russell 2000 closed at 1588.7936 with a doji candle below its 8 EMA and above its 21 EMA, 50 SMA, 200 SMA. Daily trading range – 8.0321. 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 – 60.5.
Nasdaq 100 closed at 8257.8308 with a small bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 52.347. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 68.2.
S&P 500 (SPX) closed at 3096.63 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 14.94. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 69.6.
Metals and Commodities
WTI Crude oil futures (CL) closed at $56.9 per barrel with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and below its 200 SMA. Daily trading range – 1.16. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Neutral. RSI – 56.1.
Gold (/GC) closed at 1472 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 13.8. Fractal Chaos Band – within its FCB. Long Cycle Wave – negative and falling slope. Medium Cycle Wave – negative and rising slope. Short Cycle Wave – negative and rising slope. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 41.2.
Commodities (DBC) ETF closed at 15.50 with a bearish candle below its 8 EMA, 200 SMA and above its 21 EMA, 50 SMA. Daily trading range – 0.136. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and falling. Short Cycle Wave – positive and rising. Market direction – Strong Upward. Momentum – Weak Downward. RSI – 52.8.
Bonds
Bond futures (/ZB) closed at 158’18 with a bullish candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA. Daily trading range – 1.7187. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Weak DownTrend. Momentum – Weak Upward. RSI – 45.1.
High Yield bond ETF (HYG) closed at 86.68 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 0.15. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 41.8.
Currency
The dollar index ($DXY) closed at 98.148 with a bearish candle above its 8 EMA, 21 EMA, 200 SMA and below its 50 SMA. Daily trading range – 0.312. Fractal Chaos Band – closed above its 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 – 52.
EUR/USD closed at 1.1019 with a bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.0038. Fractal Chaos Band – closed below its FCB lowerband. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 43.8.
USD/JPY closed at 108.4 with a bearish candle above its 50 SMA and below its 8 EMA, 21 EMA, 200 SMA. Daily trading range – 0.628. 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 – Strong DownTrend. Momentum – Strong Downward. RSI – 50.4.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, SPY, SPX, XLK, XLV, XLB, XLI, XLF, XLP, XLY, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, SPY, SPX, XLK, XLB, XLI, XLV, XLP, XLF, XLY, XLU and XLE.
Market Internals
Market Sentiment – Rather Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 126.28. Vix – 13.05 and Vix Futures – 13.55.
The Week Ahead
The indices continued upwards even as the market internals are showing weakness. S&P 500 and Dow Industrial made new all-time highs. Skew is normal and Vix and vix Futures are both below 14. A divergence is occurring which shows indices making new highs as the market internals are signalling distribution and lower gainers to losers ratio. The prognosis is for this market to turn south in the not too distant future.
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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