Summary (The Week Ahead) $DJT – UpTrend and in a Squeeze. /YM – UpTrend and in preliminary Squeeze. /RTY – UpTrend and in a Squeeze. /NQ – UpTrend. /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.
Junk bond (HYG) is in an UpTrend and commodities (DBC) is in an UpTrend. Powerful uptrend signals.
$DXY – DownTrending and in a Squeeze. EUR/USD – UpTrend and in a Squeeze. USD/JPY – DownTrend and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.551.Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –28.08. Vix Futures – 29.30. Skew – 144.46.
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, /ES, SPX, SPY, XLB, XLP, XLV, XLI, XLF, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, XLB, SPX, /ES, SPY, 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.
8 July 2020 – Indices continue its surge
Summary (The Week Ahead)
$DJT – UpTrend and in a Squeeze. /YM – UpTrend and in preliminary Squeeze. /RTY – UpTrend and in a Squeeze. /NQ – UpTrend. /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.
Junk bond (HYG) is in an UpTrend and commodities (DBC) is in an UpTrend. Powerful uptrend signals.
$DXY – DownTrending and in a Squeeze. EUR/USD – UpTrend and in a Squeeze. USD/JPY – DownTrend and in a Squeeze.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.551. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –28.08. Vix Futures – 29.30. Skew – 144.46.
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, /ES, SPX, SPY, XLB, XLP, XLV, XLI, XLF, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, XLB, SPX, /ES, SPY, 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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