23 September 2020 – Is the market preparing for a Trump loss?
Summary (The Week Ahead) $DJT – UpTrend and downward momentum and in a Squeeze. /YM – DownTrend and downward momentum and in a preliminary Squeeze. /RTY – DownTrend with Downward momentum and in a preliminary Squeeze. /NQ – DownTrend and Downward momentum. /ES – DownTrend and Downward momentum.
The indices have turned downward. Both trend and momentum have shifted downwards.
/CL – DownTrend with downward momentum. /GC – Downtrend and downward momentum and in a Squeeze. /ZB – DownTrend with downward momentum and in a tight Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend and downward momentum.
It is risk off. Junk bond (HYG) and DBC are both trending downwards and with downward momentum.
$DXY – UpTrend with upward momentum and in a Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend and with downward momentum and in a preliminary Squeeze.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.714.Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –28.67. Vix Futures – 32.05. Skew – 129.84.
The market internals are indicating that the indices are turning downwards.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLY, XLK, XLB, XLP, /ES, SPX, SPY, XLU, XLV, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLB, XLV, SPX, /ES, SPY, XLI, XLP, XLK, 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.
23 September 2020 – Is the market preparing for a Trump loss?
Summary (The Week Ahead)
$DJT – UpTrend and downward momentum and in a Squeeze. /YM – DownTrend and downward momentum and in a preliminary Squeeze. /RTY – DownTrend with Downward momentum and in a preliminary Squeeze. /NQ – DownTrend and Downward momentum. /ES – DownTrend and Downward momentum.
The indices have turned downward. Both trend and momentum have shifted downwards.
/CL – DownTrend with downward momentum. /GC – Downtrend and downward momentum and in a Squeeze. /ZB – DownTrend with downward momentum and in a tight Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend and downward momentum.
It is risk off. Junk bond (HYG) and DBC are both trending downwards and with downward momentum.
$DXY – UpTrend with upward momentum and in a Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend and with downward momentum and in a preliminary Squeeze.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.714. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –28.67. Vix Futures – 32.05. Skew – 129.84.
The market internals are indicating that the indices are turning downwards.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLY, XLK, XLB, XLP, /ES, SPX, SPY, XLU, XLV, XLE and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLB, XLV, SPX, /ES, SPY, XLI, XLP, XLK, 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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