Summary (The Week Ahead) $DJT – UpTrend and in a Squeeze. /YM – UpTrend and in a tight Squeeze. /RTY – DownTrend and in a tight Squeeze. /NQ – UpTrend. /ES – UpTrend and in a Squeeze.
The indices pulled back after many days of surging upward.
/CL – UpTrend and in a Squeeze. /GC – UpTrend. /ZB – UpTrend and in a preliminary Squeeze. HYG – UpTrend and in a preliminary Squeeze. DBC – UpTrend.
Junk bond (HYG) is sideways and commodities (DBC) is still in an UpTrend. The indices could be consolidating.
$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 – 0.557.Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –31.04. Vix Futures – 31. Skew – 128.52.
Nasdaq 100 has pulled back and likely to take a breather after many days of new highs. With new stimulus in Congress, there will be new money to push the market up further.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, XLK, SPX, XLY, SPY, XLP, XLB, XLV, XLI, XLF, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, XLV, XLB, /ES, SPX, 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.
13 July 2020 – Indices are taking a breather?
Summary (The Week Ahead)
$DJT – UpTrend and in a Squeeze. /YM – UpTrend and in a tight Squeeze. /RTY – DownTrend and in a tight Squeeze. /NQ – UpTrend. /ES – UpTrend and in a Squeeze.
The indices pulled back after many days of surging upward.
/CL – UpTrend and in a Squeeze. /GC – UpTrend. /ZB – UpTrend and in a preliminary Squeeze. HYG – UpTrend and in a preliminary Squeeze. DBC – UpTrend.
Junk bond (HYG) is sideways and commodities (DBC) is still in an UpTrend. The indices could be consolidating.
$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 – 0.557. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –31.04. Vix Futures – 31. Skew – 128.52.
Nasdaq 100 has pulled back and likely to take a breather after many days of new highs. With new stimulus in Congress, there will be new money to push the market up further.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, XLK, SPX, XLY, SPY, XLP, XLB, XLV, XLI, XLF, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, XLV, XLB, /ES, SPX, 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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