/CL –UpTrend. /GC – DownTrend and in a Squeeze. /ZB – DownTrendand exited its 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 exited its Squeeze.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.616. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –25.81. Vix Futures – 26.50. Skew – 130.77.
The indices continue to power upward. Bond market is in a DownTrend. Gold has pulled back and is in a downTrend. US dollar index is in a down trend and the indices are in an uptrend. Market Internals are showing bullish signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLI, /ES, XLE, XLB, SPY, SPX, XLY, XLK, XLV, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLK, XLB, /ES, SPY, SPX, XLP, XLI, XLU, 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.
4 June 2020 – Indices continue to power upwards
Summary (The Week Ahead)
$DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend. /NQ – UpTrend. /ES – UpTrend.
Indices upTrend continues.
/CL – UpTrend. /GC – DownTrend and in a Squeeze. /ZB – DownTrend and exited its 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 exited its Squeeze.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.616. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –25.81. Vix Futures – 26.50. Skew – 130.77.
The indices continue to power upward. Bond market is in a DownTrend. Gold has pulled back and is in a downTrend. US dollar index is in a down trend and the indices are in an uptrend. Market Internals are showing bullish signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLI, /ES, XLE, XLB, SPY, SPX, XLY, XLK, XLV, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLK, XLB, /ES, SPY, SPX, XLP, XLI, XLU, 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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