6 July 2020 – Indices continued upwards after 4th July
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 continues to Squeeze higher.
/CL – UpTrend and in a Squeeze. /GC – UpTrend. /ZB – UpTrend. HYG – UpTrend. DBC – UpTrend 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/JPY – UpTrend 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! 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.
6 July 2020 – Indices continued upwards after 4th July
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 continues to Squeeze higher.
/CL – UpTrend and in a Squeeze. /GC – UpTrend. /ZB – UpTrend. HYG – UpTrend. DBC – UpTrend 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/JPY – UpTrend 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!
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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