3 August 2020 – Apple outperforms, Indices grind upward
Summary (The Week Ahead) $DJT – UpTrend. /YM – Up and in a Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend and in a Squeeze. /ES – UpTrend and in preliminary Squeeze.
The indices are trending upward and in their volatility compression.
/CL – Sideways and in a tight Squeeze. /GC – UpTrend. /ZB – UpTrend and in a preliminary Squeeze. HYG – UpTrend. DBC – UpTrend.
Junk bond (HYG) and DBC are still in an UpTrend. This is a good indication that the bulls have the upper hand.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.526.Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –24.28. Vix Futures – 26.72. Skew – 141.77.
The indices continue grinding upward.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, SPX, XLK, SPY, XLY, XLP, XLV, XLB, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLV, XLY, SPX, SPY, /ES, XLB, 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.
3 August 2020 – Apple outperforms, Indices grind upward
Summary (The Week Ahead)
$DJT – UpTrend. /YM – Up and in a Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend and in a Squeeze. /ES – UpTrend and in preliminary Squeeze.
The indices are trending upward and in their volatility compression.
/CL – Sideways and in a tight Squeeze. /GC – UpTrend. /ZB – UpTrend and in a preliminary Squeeze. HYG – UpTrend. DBC – UpTrend.
Junk bond (HYG) and DBC are still in an UpTrend. This is a good indication that the bulls have the upper hand.
$DXY – DownTrending. EUR/USD – UpTrend. USD/JPY – DownTrend.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.526. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –24.28. Vix Futures – 26.72. Skew – 141.77.
The indices continue grinding upward.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, SPX, XLK, SPY, XLY, XLP, XLV, XLB, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLV, XLY, SPX, SPY, /ES, XLB, 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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