Summary (The Week Ahead) $DJT – UpTrend. /YM – UpTrend and in preliminary Squeeze. /RTY – UpTrend and in a Squeeze. /NQ – UpTrend and in a Squeeze. /ES – UpTrend and in a Squeeze.
The indices are now in their volatility compression and the likelihood of it Squeezing upward is high.
/CL – UpTrend and in a Squeeze. /GC – UpTrend. /ZB – UpTrend. HYG – DownTrend. DBC – UpTrend and in a Squeeze.
Junk bond (HYG) is in a DownTrend and commodities (DBC) is in an UpTrend. Mixed signals.
$DXY – Ranging. EUR/USD – UpTrend and in a Squeeze. USD/JPY – UpTrend.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.625.Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –28.62. Vix Futures – 29.90. Skew – 142.44.
The indices are now in a volatility compression. Which way will it Squeeze their way? Skew is way above 142 which signal a potential for a fat tail event. We are near to the 4th July which is when the market is typically rather bullish. It is likely that early next week, the market will fall.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPX, /ES, SPY, XLV, XLB, XLP, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, XLB, SPX, SPY, /ES, 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.
1 July 2020 – NFP employment up, Indices up
Summary (The Week Ahead)
$DJT – UpTrend. /YM – UpTrend and in preliminary Squeeze. /RTY – UpTrend and in a Squeeze. /NQ – UpTrend and in a Squeeze. /ES – UpTrend and in a Squeeze.
The indices are now in their volatility compression and the likelihood of it Squeezing upward is high.
/CL – UpTrend and in a Squeeze. /GC – UpTrend. /ZB – UpTrend. HYG – DownTrend. DBC – UpTrend and in a Squeeze.
Junk bond (HYG) is in a DownTrend and commodities (DBC) is in an UpTrend. Mixed signals.
$DXY – Ranging. EUR/USD – UpTrend and in a Squeeze. USD/JPY – UpTrend.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.625. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –28.62. Vix Futures – 29.90. Skew – 142.44.
The indices are now in a volatility compression. Which way will it Squeeze their way? Skew is way above 142 which signal a potential for a fat tail event. We are near to the 4th July which is when the market is typically rather bullish. It is likely that early next week, the market will fall.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPX, /ES, SPY, XLV, XLB, XLP, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, XLB, SPX, SPY, /ES, 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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