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 continue its upward trend.
/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. Overall, the indices have a upward bias.
$DXY – DownTrending and in a Squeeze. EUR/USD – UpTrend and in a Squeeze. USD/JPY – DownTrend and in a Squeeze.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.687.Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –29.52. Vix Futures – 29.15. Skew – 131.10.
The indices carried on its upward grind in their tight Squeezes.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, /ES, XLB, SPX, SPY, XLV, XLK, XLY, XLI, XLF, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLY, 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.
14 July 2020 – Surge upward continues
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 continue its upward trend.
/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. Overall, the indices have a upward bias.
$DXY – DownTrending and in a Squeeze. EUR/USD – UpTrend and in a Squeeze. USD/JPY – DownTrend and in a Squeeze.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.687. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –29.52. Vix Futures – 29.15. Skew – 131.10.
The indices carried on its upward grind in their tight Squeezes.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, /ES, XLB, SPX, SPY, XLV, XLK, XLY, XLI, XLF, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLY, 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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