14 August 2020 – Weekly Review – Bond pulls back

Indices/Weekly Indexes as of close of 14 Aug 2020

Summary (Weekly Chart)
$DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend. /NQ – UpTrend. /ES – UpTrend.

The UpTrend in the indices continues.

/CL – UpTrend. /GC – UpTrend. /ZB – UpTrend and in a Squeeze. HYG – UpTrend and in a preliminary Squeeze.

$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – DownTrend and in a Squeeze.

Summary (Daily Chart)
$DJT – UpTrend. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend. /NQ – UpTrend and in a preliminary Squeeze. /ES – UpTrend.

/CL – UpTrend and in a tight Squeeze. /GC – UpTrend. /ZB – DownTrend. HYG – DownTrend.

$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – DownTrend and in a weekly Squeeze.

Market Internals (Daily Chart)
Market Sentiment – Bullish. Put/Call ratio – 0.703. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 22.05 and Vix Futures – 23.29. Skew – 136.82.

The indices are trending upward. Bond is selling off. Gold futures.

Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, SPY, XLY, /ES, XLP, XLB, XLV, XLI, XLK, XLF, XLU and XLE.

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, SPX, SPY, XLV, XLB, /ES, XLK, XLP, XLI, XLU, XLF and XLE.