Bursa KLCI

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.

6 July 2020 – Indices continued upwards after 4th July

Summary (The Week Ahead)
$DJTUpTrend. /YMUpTrend and in preliminary Squeeze. /RTYUpTrend and in a Squeeze. /NQUpTrend and in a Squeeze. /ESUpTrend and in a Squeeze.

The indices are now in their volatility compression and continues to Squeeze higher.

/CLUpTrend and in a Squeeze. /GCUpTrend. /ZB – UpTrend. HYGUpTrend. DBCUpTrend and in a preliminary Squeeze.

Junk bond (HYG) is in an UpTrend and commodities (DBC) is in an UpTrend. Powerful uptrend signals.

$DXY – Ranging and in a Squeeze. EUR/USD – UpTrend and in a Squeeze. USD/JPYUpTrend and in a Squeeze.

Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.578. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –28.80. Vix Futures – 29.80. Skew – 140.98.

Indices continue upwards with strong buying pressure. Now that we are after the 4th July celebration, it is likely that the buying pressure will taper off.

Relative Strength – Sectors.

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

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!
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