Summary (The Week Ahead) $DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend. /NQ – UpTrend and in preliminary Squeeze. /ES – UpTrend.
Volatility compression has being released.
/CL –UpTrend. /GC – UpTrendand in a Squeeze. /ZB – DownTrendand in Squeeze. HYG – UpTrend. DBC – UpTrend.
Junk bond (HYG) and commodities (DBC) is in upTrend which is rather bullish for the market.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – UpTrend and in a preliminary Squeeze.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.636. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –26.93. Vix Futures – 28.10. Skew – 132.61.
The indices continue to power upward and the current top should be soon. A pullback can be expected.
Bond market is in a DownTrend. Gold is set to trade upward after range trading. US dollar index is in a down trend and the indices are in an uptrend. Market Internals are showing mixed signals. The market still have a bullish bias.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPX, SPY, XLE, XLB, /ES, XLV, XLI XLU, XLF and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLY, XLB, /ES, SPY, SPX, XLP, XLU, 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.
2 June 2020 – Indices powered upward
Summary (The Week Ahead)
$DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend. /NQ – UpTrend and in preliminary Squeeze. /ES – UpTrend.
Volatility compression has being released.
/CL – UpTrend. /GC – UpTrend and in a Squeeze. /ZB – DownTrend and in Squeeze. HYG – UpTrend. DBC – UpTrend.
Junk bond (HYG) and commodities (DBC) is in upTrend which is rather bullish for the market.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – UpTrend and in a preliminary Squeeze.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.636. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –26.93. Vix Futures – 28.10. Skew – 132.61.
The indices continue to power upward and the current top should be soon. A pullback can be expected.
Bond market is in a DownTrend. Gold is set to trade upward after range trading. US dollar index is in a down trend and the indices are in an uptrend. Market Internals are showing mixed signals. The market still have a bullish bias.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPX, SPY, XLE, XLB, /ES, XLV, XLI XLU, XLF and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLY, XLB, /ES, SPY, SPX, XLP, XLU, 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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