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.

5 March 2020 – California declares emergency, Indices down!!

Indices
Dow Transportation gapped down and closed at 9010.92 with a big bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range is 532.71. Fractal Chaos Band – closed below 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 – 24.7.

Dow Industrial closed at 26121.28 with a bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1147.53. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong DownTrend. Momentum – Weak Upward. RSI – 37.5.

Russell 2000 closed at 1478.8244 with a big bearish marubozu candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 68.279. 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 – Neutral. RSI – 32.1.

Nasdaq 100 closed at 8671.6583 with a spinning top doji candle above its 200 SMA and below its 8 EMA, 21 EMA, 50 SMA. Daily trading range – 335.38. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – positive and rising. Market direction – Strong DownTrend. Momentum – Weak Upward. RSI – 41.7.

S&P 500 (SPX) closed at 3130.12 with a big bullish marubozu candle above its 8 EMA, 200 SMA and below its 21 EMA, 50 SMA and 200 SMA. Daily trading range – 127.6. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – positive and rising. Market direction – Strong DownTrend. Momentum – Weak Upward. RSI – 38.1.

Metals and Commodities
WTI Crude oil futures (CL) closed at $46.01 per barrel with a bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 1.92. 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 – Neutral. RSI – 30.7.

Gold (/GC) closed at 1672.9 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 39.9. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising slope. Medium Cycle Wave – positive and rising slope. Short Cycle Wave – positive and rising slope. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 65.1.

Commodities (DBC) ETF closed at 13.81 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.21. 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 Upward. RSI – 31.6.

Bonds
Bond futures (/ZB) closed at 173’30 with a big bullish marubozu candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 3.6875. Fractal Chaos Band – closed above its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – positive and falling. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 79.3.

High Yield bond ETF (HYG) gapped down and closed at 86.02 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.2699. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and falling. Short Cycle Wave – positive and rising. Market direction – Strong DownTrend. Momentum – Weak Upward. RSI – 38.6.

Currency
The dollar index ($DXY) closed at 96.597 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.921. 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 – 29.8.


EUR/USD closed at 1.1237 with a big bullish candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.0125. 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 – 71.7.

USD/JPY closed at 106.13 with a big bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.777. 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 – 28.8.

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

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

Market Internals
Market Sentiment – Bearish. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 123.61. Vix – 39.62 and Vix Futures – 33.80.   

The Week Ahead 
The indices sold off as the problems in the US with COVID-19 is starting to have a big impact on the market. Bond is at a rather high level and Gold trended upwards as well. Vix is at 39.62 which usually signals an imminent change in direction of the indices if it goes down below 42. The prognosis is for volatility to continue.

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>