Bursa KLCI

Z5 Fri, 24 May 2024

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Z5 Wed, 22 May 2024

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Z5 Tue, 21 May 2024

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Z5 Mon, 20 May 2024

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Z5 Fri, 17 May 2024

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Z5 Thur, 16 May 2024

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Z5 Wed, 15 May 2024

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Z5 Tue, 14 May 2024

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Bursa Mon, 13 May 2024

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Z5 Fri, 10 May 2024

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Z5 Thur, 9 May 2024

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Z5 Wed, 8 May 2024

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Z5 Tue, 7 May 2024

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Z5 Mon, 6 May 2024

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Z5 Fri 3 May 2024

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Z5 Thur, 2 May 2024

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Z5 Wed, 1 May 2024

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Z5 Tues, 30 April 2024

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Z5 Mon, 29 April 2024

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14 January 2020 – Sell on news?

Indices
Dow Transportation gapped up and closed at 11164.51 with a bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range is 165.46. Fractal Chaos Band – closed 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 – 65.3.

Dow Industrial closed at 28939.67 with a small inverted hammer candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 64.8. Fractal Chaos Band – closed 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 – 64.8.

Russell 2000 closed at 1675.741 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 21.48. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 64.4.

Nasdaq 100 closed at 9033.4203 with a bearish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 59.237. Fractal Chaos Band – closed 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 – 73.9.

S&P 500 (SPX) closed at 3283.15 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 17.06. Fractal Chaos Band – closed 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 – 69.5.

Metals and Commodities
WTI Crude oil futures (CL) closed at $58.14 per barrel with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 1. Fractal Chaos Band – closed below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 38.7.

Gold (/GC) closed at 1552.4 with a small dragonfly doji candle below its 8 EMA and above its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 6.9. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and falling slope. Short Cycle Wave – negative and falling slope. Market direction – Weak UpTrend. Momentum – Strong Downward. RSI – 63.9.

Commodities (DBC) ETF closed at 15.82 with a doji candle below its 8 EMA, 21 EMA and above its 50 SMA, 200 SMA. Daily trading range – 0.09. Fractal Chaos Band – closed below its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 47.1.

Bonds
Bond futures (/ZB) closed at 157’31 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.0625. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – negative and rising. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 53.4.

High Yield bond ETF (HYG) closed at 88.38 with a doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.205. Fractal Chaos Band – closed 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 – 66.8.

Currency
The dollar index ($DXY) closed at 97.387 with a doji candle above its 8 EMA, 21 EMA and below its 50 SMA, 200 SMA. Daily trading range – 0.234. Fractal Chaos Band – closed within its FCB. 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 – 51.4.


EUR/USD closed at 1.1126 with a bearish candle above its 50 SMA and intertwined with its 8 EMA, 21 EMA, 200 SMA. Daily trading range – 0.004. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Neutral. Momentum – Weak Downward. RSI – 50.7.

USD/JPY closed at 109.96 with a spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 0.357. Fractal Chaos Band – closed 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 – 62.3.

Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLU, XLV, SPX, SPY, XLK, /ES, XLF, XLI, XLP, XLY and XLE.

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLU, XLV, SPX, SPY, XLK, XLP, XLI, XLY, XLF, XLB and XLE.  

Market Internals
Market Sentiment – Extremely Bullish. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 131.27. Vix – 12.32 and Vix Futures – 13.11.   

The Week Ahead 
Skew is normal. Vix is below 13 and Vix futures is below 14. Market Internals continues to show strength. The US – China trade deal is about to be signed. Market Internals are strong but above all, the money printing will cause the market to melt up. The prognosis is for continuation of the bullish bias of the market.

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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