Summary (The Week Ahead) $DJT – UpTrend and exited preliminary Squeeze. /YM – UpTrend and exited into a preliminary Squeeze. /RTY – UpTrend and exited into a preliminary Squeeze. /NQ – UpTrend and in a preliminary Squeeze. /ES – UpTrend and exited into a preliminary Squeeze.
Volatility compression is being released.
/CL –UpTrend. /GC – DownTrend and in a Squeeze. New contract starts. /ZB – DownTrendand in Squeeze. New contract starts. HYG – UpTrend and exited its preliminary Squeeze. DBC – UpTrend.
Commodities is in upTrend which is rather bullish for the market.
$DXY – DownTrend and in a Squeeze. EUR/USD – UpTrend and in a preliminary Squeeze. USD/JPY – UpTrend and in a preliminary Squeeze.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.684. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –28.01 and Vix Futures – 29.25. Skew – 129.11.
The Squeezes in the indices are indicating that a big move is coming up.
Bond market is in a DownTrend. Gold is pulling back but is still above $1700. Market Internals are indicating bullishness. HYG which is the ETF for high yield bonds is in an upTrend. The prognosis is that the market has a bullish bias.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, XLB, XLI, SPX, SPY, XLY, XLK, XLF, XLV, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLY, XLK, XLB, /ES, SPY, SPX, XLP, XLI, XLU, XLE and XLF.
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.
26 May 2020 – A breakout then pullback
Summary (The Week Ahead)
$DJT – UpTrend and exited preliminary Squeeze. /YM – UpTrend and exited into a preliminary Squeeze. /RTY – UpTrend and exited into a preliminary Squeeze. /NQ – UpTrend and in a preliminary Squeeze. /ES – UpTrend and exited into a preliminary Squeeze.
Volatility compression is being released.
/CL – UpTrend. /GC – DownTrend and in a Squeeze. New contract starts. /ZB – DownTrend and in Squeeze. New contract starts. HYG – UpTrend and exited its preliminary Squeeze. DBC – UpTrend.
Commodities is in upTrend which is rather bullish for the market.
$DXY – DownTrend and in a Squeeze. EUR/USD – UpTrend and in a preliminary Squeeze. USD/JPY – UpTrend and in a preliminary Squeeze.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.684. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –28.01 and Vix Futures – 29.25. Skew – 129.11.
The Squeezes in the indices are indicating that a big move is coming up.
Bond market is in a DownTrend. Gold is pulling back but is still above $1700. Market Internals are indicating bullishness. HYG which is the ETF for high yield bonds is in an upTrend. The prognosis is that the market has a bullish bias.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, XLB, XLI, SPX, SPY, XLY, XLK, XLF, XLV, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLY, XLK, XLB, /ES, SPY, SPX, XLP, XLI, XLU, XLE and XLF.
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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