Summary (The Week Ahead) $DJT – UpTrend and in a preliminary Squeeze. /YM – UpTrend. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
/CL – DownTrend and in Squeeze. /GC – UpTrend. /ZB – DownTrend and in a preliminary Squeeze. $DXY – DownTrend. HYG – UpTrend.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.802. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 37.76 and Vix Futures – 33.45. Skew – 122.33.
The indices continued its uptrend. It has exited its Squeeze on the daily chart. Market Sentiment is bullish. The prognosis is that market internals are signalling bullishness.
Intermarket Analysis WTI Crude oil futures (CL) closed at $20.82. Daily trading range – 3.13. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 35.1. It is in a Squeeze.
Gold (/GC) closed at 1755.6. Daily trading range – 41.7 Fractal Chaos Band – closed above its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 64.3.
Commodities (DBC) ETF closed at 11.66. Daily trading range – 0.16. Fractal Chaos Band – closed within its FCB. Market direction – Neutral. Momentum – Strong Upward. RSI – 44.6.
Bonds Bond futures (/ZB) closed at 177’23. Daily trading range – 1.0. Fractal Chaos Band – closed within its FCB. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 52.4. It is in a preliminary Squeeze.
High Yield bond ETF (HYG) closed at 81.52. Daily trading range – 1.12. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 57.8.
Currency The dollar index ($DXY) closed at 98.858. Daily trading range – 0.661. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 46.2.
EUR/USD closed at 1.098. Daily trading range – 0.0082. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 52.2.
USD/JPY closed at 107.20. Daily trading range – 0.7779. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 43.1.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLP, XLU, XLK, XLY, XLB, SPX, SPY, /ES, XLI, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLP, XLU, XLB, XLK, XLY, /ES, SPY, SPX, 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.
14 April 2020 – Optimism returns
Summary (The Week Ahead)
$DJT – UpTrend and in a preliminary Squeeze. /YM – UpTrend. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
/CL – DownTrend and in Squeeze. /GC – UpTrend. /ZB – DownTrend and in a preliminary Squeeze. $DXY – DownTrend. HYG – UpTrend.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.802. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 37.76 and Vix Futures – 33.45. Skew – 122.33.
The indices continued its uptrend. It has exited its Squeeze on the daily chart. Market Sentiment is bullish. The prognosis is that market internals are signalling bullishness.
Intermarket Analysis
WTI Crude oil futures (CL) closed at $20.82. Daily trading range – 3.13. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 35.1. It is in a Squeeze.
Gold (/GC) closed at 1755.6. Daily trading range – 41.7 Fractal Chaos Band – closed above its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 64.3.
Commodities (DBC) ETF closed at 11.66. Daily trading range – 0.16. Fractal Chaos Band – closed within its FCB. Market direction – Neutral. Momentum – Strong Upward. RSI – 44.6.
Bonds
Bond futures (/ZB) closed at 177’23. Daily trading range – 1.0. Fractal Chaos Band – closed within its FCB. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 52.4. It is in a preliminary Squeeze.
High Yield bond ETF (HYG) closed at 81.52. Daily trading range – 1.12. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 57.8.
Currency
The dollar index ($DXY) closed at 98.858. Daily trading range – 0.661. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 46.2.
EUR/USD closed at 1.098. Daily trading range – 0.0082. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 52.2.
USD/JPY closed at 107.20. Daily trading range – 0.7779. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Strong Downward. RSI – 43.1.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLP, XLU, XLK, XLY, XLB, SPX, SPY, /ES, XLI, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLP, XLU, XLB, XLK, XLY, /ES, SPY, SPX, 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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