3 September 2020 – The indices came running down!!
Summary (The Week Ahead) $DJT – UpTrend. /YM – UpTrend. /RTY – DownTrend and in a tight Squeeze. /NQ – UpTrend. /ES – UpTrend.
The indices sold off as it was extremely overbought with many days of new all-time highs. The UpTrend continues but momentum is reversing downward.
/CL – DownTrend and in a Squeeze. /GC – Sideways and in a preliminary Squeeze. /ZB – DownTrend with upward momentum. HYG –DownTrend and in a preliminary Squeeze. DBC – DownTrend and in a preliminary Squeeze.
Junk bond (HYG) and DBC has slowing upTrend momentum. It has not yet turned downwards.
$DXY – DownTrend and in a Squeeze. EUR/USD – UpTrend and in a Squeeze. USD/JPY – Sideways and in a Squeeze.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.707.Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –33.60. Vix Futures – 33.85. Skew – 144.66.
Indices dropped nearly 5% after many days of exuberant buying.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLY, XLI, XLP, SPY, SPX, /ES, XLV, XLF, XLK, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, SPX, SPY, XLP, /ES, XLK, 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.
3 September 2020 – The indices came running down!!
Summary (The Week Ahead)
$DJT – UpTrend. /YM – UpTrend. /RTY – DownTrend and in a tight Squeeze. /NQ – UpTrend. /ES – UpTrend.
The indices sold off as it was extremely overbought with many days of new all-time highs. The UpTrend continues but momentum is reversing downward.
/CL – DownTrend and in a Squeeze. /GC – Sideways and in a preliminary Squeeze. /ZB – DownTrend with upward momentum. HYG –DownTrend and in a preliminary Squeeze. DBC – DownTrend and in a preliminary Squeeze.
Junk bond (HYG) and DBC has slowing upTrend momentum. It has not yet turned downwards.
$DXY – DownTrend and in a Squeeze. EUR/USD – UpTrend and in a Squeeze. USD/JPY – Sideways and in a Squeeze.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.707. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –33.60. Vix Futures – 33.85. Skew – 144.66.
Indices dropped nearly 5% after many days of exuberant buying.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLY, XLI, XLP, SPY, SPX, /ES, XLV, XLF, XLK, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, SPX, SPY, XLP, /ES, XLK, 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.
Share this:
Related