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Z_Top5_28June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

Z_Top5_24June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

Z_Top5_23 June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

24 June 2020 – Indices tumbled, infections surged

Summary (The Week Ahead)
$DJT – DownTrend. /YMDownTrend and in preliminary Squeeze. /RTY – DownTrend. /NQUpTrend. /ES – Ranging Sideways.

Nasdaq 100 is still in an upTrend while Dow Transportation and Russell 2000 is in an DownTrend. S&P 500 is still range trading. Mixed signals in the indices.

/CLRange Trading and in a Squeeze. /GCUpTrend and in a Squeeze. /ZB – UpTrend and in a preliminary Squeeze. HYG – DownTrend and in a preliminary Squeeze. DBCUpTrend.

Junk bond (HYG) and commodities (DBC) are pulling back.

$DXY – Ranging. EUR/USD – Upward and in a Squeeze. USD/JPY – DownTrend.

Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.843. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –33.84. Vix Futures – 34.30. Skew – 134.05.

The indices pulled back on fears that the Covid 19 in not under control in the US of A.

Relative Strength – Sectors.

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPX, SPY, /ES, XLB, XLI, XLF, XLE, XLP, XLU and XLU.

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, SPX, SPY, /ES, XLB, XLP, XLI, XLU, XLF and XLE.  


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