Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)
Futures (ES, NQ, GC, CL) – 27 June 2017
27 June 2017
Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)
Futures (ES, NQ, GC, CL) – 23 June 17
23 June 2017
Daily status of the futures of Gold (GC), WTI Crude (CL), Nasdaq 100 (NQ) and S&P 500 (ES)
Options – 18 December 15 Monthly Income – Bull PUT on SPX
Update
14 December 2015
We closed this CALL credit spread and bought it back for $0.05. Overall, it was a small profit to be redeployed for the next trade.
8 December 2015
We sold a monthly CALL credit spread at 2135/2145 for $1.10. The total Return-on-Risk for this new trade is 1.10/8.90 = 12.36 % excluding transaction cost.
The PUT credit spread was closed for $1.75.
27 November 2015
We sold a monthly PUT credit spread at 2015/2005 for $1.15. The total Return-on-Risk for this new trade is 1.15/8.85 = 13.00 % excluding transaction cost. Expiration is at 9:30 am, 18 December 2015 (EST)
Options – 21 August 15 Monthly Income – Bull PUT on SPX
Update
21 August 2015
This PUT credit spread expired worthless. The Settlement price was 2015.47.
13 July 2015
We sold a monthly PUT credit spread at 1980/1970 for $1.30. The total Return-on-Risk for this new trade is 1.30/8.70 = 14.94 % excluding transaction cost. Expiration is at 9:30 am, 21
August 2015 (EST)
Options – 17 July 15 Monthly Income – Bull PUT on SPX
Update
13 July 2015
We closed this trade by buying it back for $0.05. Option expiration is this coming Friday morning.
15 June 2015
We sold a monthly PUT credit spread at 1980/1970 for $1.30. The total Return-on-Risk for this new trade is 1.30/8.70 = 14.94 % excluding transaction cost. Expiration is at 9:30 am, 17
July 2015 (EST)
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$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices made new all-time highs for the week and pulled back on Friday. That pullback is set to continue as it has broken the fractal support.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with downward momentum and in a Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a Squeeze. USD/JPY – DownTrend with downward momentum and in a Weekly and Monthly Squeeze.
US Dollar continues to squeeze downward.
Summary (Daily Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with downward momentum and in a Squeeze. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with downward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum. /ZB – Downward with downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with Upward momentum.
Oil is trending higher. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is in an UpTrend with Upward momentum. It is a risk-on market.
$DXY – Sidewards with upward momentum. EUR/USD – Sideward with downward momentum . USD/JPY – Sideward with upward momentum and in a Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.584. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 136.70. Vix – 24.34.
Market Internals are showing some weakness with a potential pullback.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLF, SPX, SPY, XLI, XLY, XLE, /ES, XLB, XLK, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, SPX, SPY, XLY, /ES, XLF, XLB, XLK, XLP, XLU and XLE.
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are now sideways. With the recent new all-time highs, it is likely that they are resting and building up energy for the next push upwards.
/CL – UpTrend and upward momentum. /GC – DownTrend and Downward momentum and in a preliminary Squeeze. /ZB – DownTrend and downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC continued its UpTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$DXY – UpTrend with upward momentum and in a Squeeze. EUR/USD – DownTrend with downward momentum and in a Squeeze. USD/JPY – UpTrend with sideward momentum and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.449. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 138.06. Vix – 23.25.
Market internals are giving Bullish signals. UpTrend remains intact and the overall market sentiment remains bullish.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLE, XLI, SPY, SPX, /ES, XLY, XLB, XLV, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, SPY, SPX, XLY, /ES, XLB, XLV, XLK, XLP, XLU and XLE.
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Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are now sideways. With the recent new all-time highs, it is likely that they are resting and building up energy for the next push upwards.
/CL – UpTrend and upward momentum. /GC – DownTrend and Downward momentum. /ZB – DownTrend and downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC continued its UpTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$DXY – UpTrend with upward momentum and in a Squeeze. EUR/USD – DownTrend with downward momentum and in a Squeeze. USD/JPY – UpTrend with upward momentum and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.496. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 139.93. Vix – 22.21.
Market internals are giving Bullish signals. UpTrend remains intact and the overall market sentiment remains bullish.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, XLF, SPX, SPY, XLY, XLE, XLI, XLV, XLB, XLK, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLY, SPX, SPY, XLF, XLI, XLK, XLV, XLB, XLP, XLU 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.
Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are trending and Squeezing upwards. It looks to be making new all-time highs.
/CL – UpTrendand upward momentum. /GC –DownTrend and Downward momentum and in a preliminary Squeeze. /ZB – DownTrend and downward momentum. HYG – UpTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) has pulled back slightly and DBC is in an UpTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with sideward momentum and in a Squeeze. USD/JPY – Sideward with downward momentum and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.465. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 139.99. Vix – 23.33.
Market internals are Bullish. UpTrend remains intact and the overall market sentiment remains bullish.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLI, XLB, XLF, XLY, SPX, SPY, /ES, XLV, XLK, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLB, XLY, XLF, SPX, SPY, /ES, XLV, XLK, XLP, XLU 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.
Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are now sideways. With the recent new all-time highs, it is likely that they are resting and also in part due to the politics uncertainties in the USA.
/CL – UpTrend and upward momentum. /GC –DownTrend and Downward momentum. /ZB – DownTrend and downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) has pulled back slightly and DBC is in an UpTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$DXY – DownTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.559. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 134.70. Vix – 24.08.
Market internals are giving mixed signals but with Bullish bias. UpTrend remains intact and the overall market sentiment remains bullish.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, /ES, XLI, SPX, SPY, XLB, XLK, XLY, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, /ES, SPX, XLI, SPY, XLB, XLF, XLK, XLY, XLP, XLU 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.
$DJT – UpTrend and Upward Momentum. /YM – UpTrend and Upward momentum. /NQ – UpTrendand Upward momentum. /ES – UpTrend and Upward momentum.
/CL – UpTrend with upward momentum. /GC – Sideward with upward momentum. /ZB – DownTrend with Downward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – DownTrend with downward momentum and in a Weekly and Monthly Squeeze.
US Dollar continues downward.
Summary (Daily Chart) $DJT – UpTrend with upward momentum in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices continue to make all-time highs. We are in an euphoric market.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – DownTrend with downward momentum. /ZB – DownTrend with downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with Upward momentum.
Oil is trending higher. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is in an UpTrend with Upward momentum. It is a risk-on market.
$DXY – DownTrend with upward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum and in a Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.49. Market Breadth – sloping upward showing more gainers to losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 139.25. Vix – 21.56.
Market Internals are showing that the upTrend continues.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, SPY, /ES, XLY, XLK, XLV, XLF, XLI, XLE. XLB, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, XLY, SPY, /ES, XLK, XLV, XLI, XLB, XLF, XLP, XLU 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.
Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices has surged upwards as it is in a volatility compression. UpTrend remains.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and Upward momentum. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an UpTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – Sidewards with upward momentum and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.49. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 145.92. Vix – 22.37.
Market internals are giving Bullish signals. Skew is above 142 giving warning of a Fat-Tail event and warning of over-exuberance. UpTrend remains intact but warning bells are ringing.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, XLV, SPX, SPY, XLI, XLY, XLB, XLF, XLE, XLK, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLV, SPX, SPY, XLY, XLI, XLB, XLK, XLF, XLP, XLU 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.
Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a tight Squeeze. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices has surged upwards as it is in a volatility compression. UpTrend remains.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and Upward momentum. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an UpTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.564. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 147.06. Vix – 25.07.
Market internals are giving Bullish signals. Skew is above 142 giving warning of a Fat-Tail event and warning of over-exuberance. UpTrend remains intact but warning bells are ringing.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, /ES, XLF, XLB, XLI, SPX, XLY, XLE, SPY, XLP, XLK and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, /ES, XLB, XLI, SPX, XLY, SPY, XLF, XLP, XLK, XLU 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.
Summary (The Week Ahead) $DJT –Sidewards and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a tight Squeeze. /RTY – UpTrendand upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices could be poised to surge upwards as it is in a volatility compression. UpTrend largely remains.
/CL – UpTrend and upward momentum and in a Squeeze. /GC – UpTrend and Upward momentum and exited Squeeze. /ZB – DownTrend and upward momentum and in a tight Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an UpTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.55. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 145.50. Vix – 25.34.
Market internals are giving mixed signals with Bullish bias. Skew is above 142 giving warning of a Fat-Tail event. UpTrend remains intact but warning bells are ringing.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLV, XLF, XLY, SPX, XLK, SPY, /ES, XLE, XLI, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLV, XLY, SPX, XLK, SPY, /ES, XLI, XLP, XLF, XLU 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.
Summary (The Week Ahead) $DJT –Sidewards and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a tight Squeeze. /RTY – UpTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices pulled back on the first day of the year and it could be a sign of things to come with increased volatilities in the market. UpTrend largely remains.
/CL – UpTrend and upward momentum and in a Squeeze. /GC – UpTrend and Upward momentum and in a preliminary Squeeze. /ZB – DownTrend and upward momentum and in a tight Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an upTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.604. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 143.84. Vix – 26.97.
Market internals are giving mixed signals with Bearish bias. Skew is above 142 giving warning of a Fat-Tail event. UpTrend remains intact but warning bells are ringing.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLV, XLY, /ES, SPX, XLB, XLK, SPY, XLP, XLI, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, SPX, /ES, XLB, XLK, SPY, XLP, XLI, XLF, XLU 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.
15 January 2021 – Weekly Report – Indices pulled back
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices made new all-time highs for the week and pulled back on Friday. That pullback is set to continue as it has broken the fractal support.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with downward momentum and in a Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a Squeeze. USD/JPY – DownTrend with downward momentum and in a Weekly and Monthly Squeeze.
US Dollar continues to squeeze downward.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with downward momentum and in a Squeeze. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with downward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum. /ZB – Downward with downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with Upward momentum.
Oil is trending higher. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is in an UpTrend with Upward momentum. It is a risk-on market.
$DXY – Sidewards with upward momentum. EUR/USD – Sideward with downward momentum . USD/JPY – Sideward with upward momentum and in a Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.584. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 136.70. Vix – 24.34.
Market Internals are showing some weakness with a potential pullback.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLF, SPX, SPY, XLI, XLY, XLE, /ES, XLB, XLK, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, SPX, SPY, XLY, /ES, XLF, XLB, XLK, XLP, XLU and XLE.
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