Summary (The Week Ahead) $DJT – UpTrend and in a Squeeze. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend and in a Squeeze. /NQ – UpTrend and in a Squeeze. /ES – UpTrend and in a Squeeze.
/CL – Falling UpTrend. /GC – UpTrend and in a preliminary Squeeze. /ZB – UpTrend and in a Squeeze. $DXY – UpTrend. HYG – UpTrend.
Market Internals Market Sentiment – Bearish. Put/Call ratio – 0.925. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 46.70 and Vix Futures – 44.40. Skew – 118.48.
The indices rocketed upward during during the Asian and European trading hours but was sold down in the late afternoon of the US market. Market Sentiment is a leading indicator and continues to be bearish on the market even though our Momentum and Trend trading system is showing bullishness. The prognosis is that there are many bulls active in buying up the market, the fundamentals have changed and this market remains bearish.
Details
Indices Dow Transportation – closed at 7865.49. Daily trading range is 382.53. Fractal Chaos Band – closed within its FCB. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 47.2.
Dow Industrial closed at 22653.86. Daily trading range – 982.79. Fractal Chaos Band – above its FCB. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 49.5.
Russell 2000 closed at 1139.17. Daily trading range – 57.4345. Fractal Chaos Band – closed within its FCB. Market direction – Neutral. Momentum – Strong Upward. RSI – 44.5.
Nasdaq 100 closed at 8049.3068. Daily trading range – 262.5162. Fractal Chaos Band – closed above its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 51.8.
S&P 500(SPX) closed at 2659.41. Daily trading range – 99.22. Fractal Chaos Band – closed above its FCB. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 49.7.
Metals and Commodities WTI Crude oil futures (CL) closed at $24.26. Daily trading range – 3.7. Fractal Chaos Band – closed within its FCB. Market direction – Strong Downward. Momentum – Weak Upward. RSI – 40.6.
Gold (/GC) closed at 1679.7. Daily trading range – 70.6. Fractal Chaos Band – closed above its FCB. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 58.6.
Commodities (DBC) ETF closed at 11.56. Daily trading range – 0.2. Fractal Chaos Band – closed within its FCB. Market direction – Neutral. Momentum – Strong Upward. RSI – 41.6.
Bonds Bond futures (/ZB) closed at 179’23. Daily trading range – 2.75. Fractal Chaos Band – closed within its FCB. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 56.5. Squeeze – Yes.
High Yield bond ETF (HYG) closed at 75.34. Daily trading range – 1.48. Fractal Chaos Band – closed within its FCB. Market direction – Neutral. Momentum – Weak UpTrend. RSI – 43.9.
Currency The dollar index ($DXY) closed at 99.959. Daily trading range – 1.02. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 53.3.
EUR/USD closed at 1.0887. Daily trading range – 0.0142. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 45.8.
USD/JPY closed at 108.70. Daily trading range – 0.608. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 50.9.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLP, XLK, XLU, XLB, XLY, SPX, SPY, /ES, XLI, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLP, XLK, XLU, SPX, XLY, SPY, XLB, /ES, XLI, XLF and XLE.
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.
7 April 2020 – Bears and Bulls tussle
Summary (The Week Ahead)
$DJT – UpTrend and in a Squeeze. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend and in a Squeeze. /NQ – UpTrend and in a Squeeze. /ES – UpTrend and in a Squeeze.
/CL – Falling UpTrend. /GC – UpTrend and in a preliminary Squeeze. /ZB – UpTrend and in a Squeeze. $DXY – UpTrend. HYG – UpTrend.
Market Internals
Market Sentiment – Bearish. Put/Call ratio – 0.925. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 46.70 and Vix Futures – 44.40. Skew – 118.48.
The indices rocketed upward during during the Asian and European trading hours but was sold down in the late afternoon of the US market. Market Sentiment is a leading indicator and continues to be bearish on the market even though our Momentum and Trend trading system is showing bullishness. The prognosis is that there are many bulls active in buying up the market, the fundamentals have changed and this market remains bearish.
Details
Indices
Dow Transportation – closed at 7865.49. Daily trading range is 382.53. Fractal Chaos Band – closed within its FCB. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 47.2.
Dow Industrial closed at 22653.86. Daily trading range – 982.79. Fractal Chaos Band – above its FCB. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 49.5.
Russell 2000 closed at 1139.17. Daily trading range – 57.4345. Fractal Chaos Band – closed within its FCB. Market direction – Neutral. Momentum – Strong Upward. RSI – 44.5.
Nasdaq 100 closed at 8049.3068. Daily trading range – 262.5162. Fractal Chaos Band – closed above its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 51.8.
S&P 500 (SPX) closed at 2659.41. Daily trading range – 99.22. Fractal Chaos Band – closed above its FCB. Market direction – Weak UpTrend. Momentum – Strong Upward. RSI – 49.7.
Metals and Commodities
WTI Crude oil futures (CL) closed at $24.26. Daily trading range – 3.7. Fractal Chaos Band – closed within its FCB. Market direction – Strong Downward. Momentum – Weak Upward. RSI – 40.6.
Gold (/GC) closed at 1679.7. Daily trading range – 70.6. Fractal Chaos Band – closed above its FCB. Market direction – Strong UpTrend. Momentum – Weak Upward. RSI – 58.6.
Commodities (DBC) ETF closed at 11.56. Daily trading range – 0.2. Fractal Chaos Band – closed within its FCB. Market direction – Neutral. Momentum – Strong Upward. RSI – 41.6.
Bonds
Bond futures (/ZB) closed at 179’23. Daily trading range – 2.75. Fractal Chaos Band – closed within its FCB. Market direction – Weak UpTrend. Momentum – Weak Downward. RSI – 56.5. Squeeze – Yes.
High Yield bond ETF (HYG) closed at 75.34. Daily trading range – 1.48. Fractal Chaos Band – closed within its FCB. Market direction – Neutral. Momentum – Weak UpTrend. RSI – 43.9.
Currency
The dollar index ($DXY) closed at 99.959. Daily trading range – 1.02. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 53.3.
EUR/USD closed at 1.0887. Daily trading range – 0.0142. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 45.8.
USD/JPY closed at 108.70. Daily trading range – 0.608. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 50.9.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLP, XLK, XLU, XLB, XLY, SPX, SPY, /ES, XLI, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLP, XLK, XLU, SPX, XLY, SPY, XLB, /ES, XLI, XLF and XLE.
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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