18 September 2020 – Weekly Review – Indices sideways undecided
Summary (Weekly Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
The indices have pulled back.
/CL – DownTrend with downward momentum. /GC – UpTrend with upward momentum. /ZB – UpTrend with Downward momentum and in a Squeeze. HYG – DownTrend with Upward momentum.
$DXY – DownTrend and with downward momentum. EUR/USD – UpTrend and with upward momentum. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Summary (Daily Chart) $DJT – UpTrend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with upward momentum. /NQ – DownTrend with downward momentum. /ES – UpTrend with Downward momentum.
/CL – DownTrend with downward momentum. /GC – UpTrend and in a Sideways momentum and in a tight Squeeze. /ZB –DownTrend with sideward momentum and in preliminary Squeeze. HYG – UpTrend with sideward momentum and in a preliminary Squeeze.
$DXY – DownTrend with sideward momentum and in a Squeeze. EUR/USD – UpTrend with sideward momentum. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Market Internals (Daily Chart) Market Sentiment – Bullish.Put/Call ratio – 0.722. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 25.83 and Vix Futures – 30.10. Skew – 132.09.
The indices have pulled back for the week and the momentum is downwards. Gold has been trading sideways. Nasdaq has pulled back the most as it has risen the most.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLB, XLF, XLY, XLV, XLP, /ES, SPX, SPY, XLU, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLV, XLY, XLI, /ES, SPX, XLP, SPY, XLK, XLU, XLF and XLE.
18 September 2020 – Weekly Review – Indices sideways undecided
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
The indices have pulled back.
/CL – DownTrend with downward momentum. /GC – UpTrend with upward momentum. /ZB – UpTrend with Downward momentum and in a Squeeze. HYG – DownTrend with Upward momentum.
$DXY – DownTrend and with downward momentum. EUR/USD – UpTrend and with upward momentum. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – UpTrend with upward momentum. /NQ – DownTrend with downward momentum. /ES – UpTrend with Downward momentum.
/CL – DownTrend with downward momentum. /GC – UpTrend and in a Sideways momentum and in a tight Squeeze. /ZB –DownTrend with sideward momentum and in preliminary Squeeze. HYG – UpTrend with sideward momentum and in a preliminary Squeeze.
$DXY – DownTrend with sideward momentum and in a Squeeze. EUR/USD – UpTrend with sideward momentum. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Bullish. Put/Call ratio – 0.722. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 25.83 and Vix Futures – 30.10. Skew – 132.09.
The indices have pulled back for the week and the momentum is downwards. Gold has been trading sideways. Nasdaq has pulled back the most as it has risen the most.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLB, XLF, XLY, XLV, XLP, /ES, SPX, SPY, XLU, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLV, XLY, XLI, /ES, SPX, XLP, SPY, XLK, XLU, XLF and XLE.
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