Summary (The Week Ahead) $DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend and in a tight Squeeze. /NQ – UpTrend. /ES – UpTrend.
The indices continue to trend upward.
/CL – UpTrend and in a Squeeze. /GC – Sideways and in a preliminary Squeeze. /ZB – DownTrend. HYG – UpTrend and in a preliminary Squeeze. DBC – UpTrend and in a preliminary Squeeze.
Junk bond (HYG) is sideways and DBC is in an UpTrend. This is a sign that the uptrend is slowing.
$DXY – DownTrend and in a Squeeze. EUR/USD – UpTrend and in a Squeeze. USD/JPY – DownTrend and in a Squeeze.
Market Internals Market Sentiment – Very Bullish. Put/Call ratio – 0.487.Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –26.57. Vix Futures – 28.70. Skew – 141.10.
Indices continued to breakout to new all time highs. RSI is above 80 which is exceptionally high. The election is still about 10 weeks away.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, XLB, SPX, XLY, XLI, SPY, XLV, XLK, XLP, XLF, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLB, SPX, XLY, SPY, XLV, XLK, 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 FFpersonal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
2 September 2020 – Ever higher for indices
Summary (The Week Ahead)
$DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend and in a tight Squeeze. /NQ – UpTrend. /ES – UpTrend.
The indices continue to trend upward.
/CL – UpTrend and in a Squeeze. /GC – Sideways and in a preliminary Squeeze. /ZB – DownTrend. HYG – UpTrend and in a preliminary Squeeze. DBC – UpTrend and in a preliminary Squeeze.
Junk bond (HYG) is sideways and DBC is in an UpTrend. This is a sign that the uptrend is slowing.
$DXY – DownTrend and in a Squeeze. EUR/USD – UpTrend and in a Squeeze. USD/JPY – DownTrend and in a Squeeze.
Market Internals
Market Sentiment – Very Bullish. Put/Call ratio – 0.487. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –26.57. Vix Futures – 28.70. Skew – 141.10.
Indices continued to breakout to new all time highs. RSI is above 80 which is exceptionally high. The election is still about 10 weeks away.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, XLB, SPX, XLY, XLI, SPY, XLV, XLK, XLP, XLF, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLB, SPX, XLY, SPY, XLV, XLK, 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 FFpersonal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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