Bursa KLCI

Z5 Fri, 24 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Thur, 23 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Wed, 22 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Tue, 21 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Mon, 20 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Fri, 17 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Thur, 16 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Wed, 15 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Z5 Tue, 14 May 2024

Bursa Daily
Bursa - Top 5 stocks for today.

Bursa Mon, 13 May 2024

BUrsa Daily
Bursa - Top 5 stocks for today.

Z5 Fri, 10 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 9 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 8 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tue, 7 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 6 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Fri 3 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Thur, 2 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Wed, 1 May 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Tues, 30 April 2024

Z5 Daily
Z5 - Top 5 stocks for today.

Z5 Mon, 29 April 2024

Z5 Daily
Z5 - Top 5 stocks for today.

3 March 2020 – FED 0.5% rate cut, Indices went up and then down

Indices
Dow Transportation closed at 9200.67 with a big bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range is 549.4. Fractal Chaos Band – closed below 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 – 19.6.

Dow Industrial closed at 25917.41 with a big bullish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1378.31. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 31.4.

Russell 2000 closed at 1486.0827 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 67. Fractal Chaos Band – closed within its FCB. 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 – 27.7.

Nasdaq 100 closed at 8594.4915 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and above its 200 SMA. Daily trading range – 483.873. Fractal Chaos Band – closed 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 – 37.5.

S&P 500 (SPX) closed at 3003.37 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 160.09. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 32.3.

Metals and Commodities
WTI Crude oil futures (CL) closed at $47.1 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 2.19. Fractal Chaos Band – closed below its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 37.5.

Gold (/GC) closed at 1641.6 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 64.6. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and rising slope. Short Cycle Wave – negative and rising slope. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 61.4.

Commodities (DBC) ETF closed at 13.95 with a doji candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.27. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 34.

Bonds
Bond futures (/ZB) closed at 172’10 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 5.5. 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 – 80.8.

High Yield bond ETF (HYG) closed at 85.94 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.45. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – negative and rising. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 32.

Currency
The dollar index ($DXY) closed at 97.174 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.7159. 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 – 32.9.


EUR/USD closed at 1.1131 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.0118. Fractal Chaos Band – closed above 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 – 71.7.

USD/JPY closed at 107.12 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.5969. Fractal Chaos Band – closed below 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 – 33.4.

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

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

Market Internals
Market Sentiment – Slightly Bullish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 123.06. Vix – 36.82 and Vix Futures – 28.50.   

The Week Ahead 
FED announced a 0.50% interest rate cut and the indices shot upwards but was immediately sold down. Bond is at record high and the 10 year bond yield is at 1%. Market Sentiment is slightly bullish. Market Internals are still showing weakness. Vix is showing there is fear in the market. The prognosis is for the market to bottom for a short while.

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.


Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>