/CL – UpTrend. /GC – UpTrend. /ZB – DownTrend and in a Squeeze. HYG – UpTrend.
$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 – DownTrend. /NQ – UpTrend and in a preliminary Squeeze. /ES – UpTrend.
/CL – UpTrend and in a tight Squeeze. /GC – Sideways. /ZB –DownTrend. HYG – UpTrend.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – DownTrend and in a preliminary and weekly Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish.Put/Call ratio – 0.5. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 22.96 and Vix Futures – 26.90. Skew – 145.73.
The indices continued to trend upwards and breakout to new highs. Gold is holding could be in the process of turning upwards.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, SPY, XLI, XLP, /ES, XLB, XLK, XLY, XLV, XLF, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, SPY, XLB, XLP, /ES, XLK, XLV, XLY, XLI, XLF, XLU and XLE.
28 August 2020 – Weekly Review – The bulls are in heaven!
Summary (Weekly Chart)
$DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend. /NQ – UpTrend. /ES – UpTrend.
The UpTrend in the indices continues.
/CL – UpTrend. /GC – UpTrend. /ZB – DownTrend and in a Squeeze. HYG – UpTrend.
$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 – DownTrend. /NQ – UpTrend and in a preliminary Squeeze. /ES – UpTrend.
/CL – UpTrend and in a tight Squeeze. /GC – Sideways. /ZB –DownTrend. HYG – UpTrend.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – DownTrend and in a preliminary and weekly Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.5. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 22.96 and Vix Futures – 26.90. Skew – 145.73.
The indices continued to trend upwards and breakout to new highs. Gold is holding could be in the process of turning upwards.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, SPY, XLI, XLP, /ES, XLB, XLK, XLY, XLV, XLF, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, SPY, XLB, XLP, /ES, XLK, XLV, XLY, XLI, XLF, XLU and XLE.
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