/CL – DownTrend. /GC – UpTrend and in a preliminary Squeeze. /ZB – UpTrend. $DXY – UpTrend. HYG – DownTrend.
Summary (Daily Chart) $DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
/CL – DownTrend. /GC – UpTrend and in a preliminary Squeeze. /ZB – UpTrend. $DXY – UpTrend. HYG – DownTrend.
Market Internals (Daily Chart) Market Sentiment – Bullish. Put/Call ratio – 0.853. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Longer term Volume Acc/Dis is still showing an UpTrend. Vix – 38.15 and Vix Futures – 35.93. Skew – 126.51.
News that Gilead drug Remdesivir is not effective against corona virus caused a temporary drop of the S&P 500 on Thursday (23 April). Market Sentiment has turned bullish. Market volume is showing accumulation. Vix continues to drop and is at 35.93 signalling a drop in volatility. Overall, market internals are giving a Buy signal. The prognosis is for Buying pressure to persist in the market.
Currency The dollar index ($DXY) closed at 100.290. Daily trading range – 0.6809. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 54.3.
EUR/USD closed at 1.0822. Daily trading range – 0.0102. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 44.4.
USD/JPY closed at 107.60. Daily trading range – 0.391. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 45.3.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLP, XLY, XLK, XLU, SPX, SPY, /ES, XLB, XLI, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLP, XLY, XLK, XLU, SPX, SPY, /ES, XLB, 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.
24 April 2020 – Weekly Review – UpTrend continues
Summary (Weekly Chart)
$DJT – DownTrend. /YM – UpTrend. /RTY – DownTrend. /NQ – UpTrend. /ES – UpTrend.
/CL – DownTrend. /GC – UpTrend and in a preliminary Squeeze. /ZB – UpTrend. $DXY – UpTrend. HYG – DownTrend.
Summary (Daily Chart)
$DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
/CL – DownTrend. /GC – UpTrend and in a preliminary Squeeze. /ZB – UpTrend. $DXY – UpTrend. HYG – DownTrend.
Market Internals (Daily Chart)
Market Sentiment – Bullish. Put/Call ratio – 0.853. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Longer term Volume Acc/Dis is still showing an UpTrend. Vix – 38.15 and Vix Futures – 35.93. Skew – 126.51.
News that Gilead drug Remdesivir is not effective against corona virus caused a temporary drop of the S&P 500 on Thursday (23 April). Market Sentiment has turned bullish. Market volume is showing accumulation. Vix continues to drop and is at 35.93 signalling a drop in volatility. Overall, market internals are giving a Buy signal. The prognosis is for Buying pressure to persist in the market.
Currency
The dollar index ($DXY) closed at 100.290. Daily trading range – 0.6809. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 54.3.
EUR/USD closed at 1.0822. Daily trading range – 0.0102. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 44.4.
USD/JPY closed at 107.60. Daily trading range – 0.391. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Neutral. RSI – 45.3.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLP, XLY, XLK, XLU, SPX, SPY, /ES, XLB, XLI, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLP, XLY, XLK, XLU, SPX, SPY, /ES, XLB, 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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