Bursa KLCI

Z5 Fri, 24 May 2024

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Bursa - Top 5 stocks for today.

Z5 Thur, 23 May 2024

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Z5 Wed, 22 May 2024

Bursa Daily
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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

Bursa Daily
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Z5 Thur, 16 May 2024

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Z5 Wed, 15 May 2024

Bursa Daily
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Z5 Tue, 14 May 2024

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Bursa Mon, 13 May 2024

BUrsa Daily
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Z5 Fri, 10 May 2024

Z5 Daily
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Z5 Thur, 9 May 2024

Z5 Daily
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Z5 Wed, 8 May 2024

Z5 Daily
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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

Z5 Daily
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23 March 2020 – Multi-Trillion stimulus

Indices
Dow Transportation closed at 6703.63 with a small spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range is 385.67. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and falling. Medium Cycle Wave – negative and rising. Short Cycle Wave – negative and falling. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 28.5.

Dow Industrial closed at 18591.93 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 960.33. 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.

Russell 2000 closed at 1002.417 with a small bearish ‘hammer’ candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 51.464. 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 – 28.7.

Nasdaq 100 closed at 7006.9175 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 373.3759. 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 – Weak Downward. RSI – 36.

S&P 500 (SPX) closed at 2237.40 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 113.06. 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 – 30.1.

Metals and Commodities
WTI Crude oil futures (CL) closed at $23.78 per barrel with a small bullish candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 3.27. 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 – Strong Downward. RSI – 27.5.

Gold (/GC) closed at 1560.4 with a big bullish candle below its 21 EMA, 50 SMA and above its 8 EMA, 200 SMA. Daily trading range – 84.7. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – negative and rising slope. Medium Cycle Wave – negative and rising slope. Short Cycle Wave – negative and rising slope. Market direction – Weak DownTrend. Momentum – Neutral. RSI – 53.2.

Commodities (DBC) ETF closed at 11.06 with a bullish marubozu candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.29. 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 – 24.1.

Bonds
Bond futures (/ZB) closed at 178’09 with a big spinning top doji candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 6.375. Fractal Chaos Band – closed within its FCB. Long Cycle Wave – positive and rising. Medium Cycle Wave – positive and rising. Short Cycle Wave – negative and rising. Market direction – Strong UpTrend. Momentum – Weak Downward. RSI – 58.3.

High Yield bond ETF (HYG) closed at 68.63 with a bearish candle below its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 2.6. 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 – 18.3.

Currency
The dollar index ($DXY) closed at 102.469 with a doji candle above its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 1.3259. 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 – 62.9.


EUR/USD closed at 1.0723 with a spinning top doji candle below its 8 EMA, 21 EMA, 50 SMA, 200 SMA. Daily trading range – 0.0192. 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 – 40.7.

USD/JPY closed at 111.22 with a bullish candle above its 8 EMA, 21 EMA, 50 SMA and 200 SMA. Daily trading range – 1.929. 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 – 56.6.

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

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

Market Internals
Market Sentiment – Bearish. Put/Call ratio is now at 0.929. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 117.05. Vix – 61.59 and Vix Futures – 45.05.   

The Week Ahead 
Market Sentiment is bearish but the Put/Call ratio is decreasing which means that the market could be turning. Market Internals are still showing weakness. Skew is low. Vix is at 61.59 and has decreased. Volatility is decreasing which is another possible sign of impending market turn. The prognosis is that the market is perceiving that governments around the world are starting to get a handle on the pandemic. These pandemic will drag on further for another few weeks or months.

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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