Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend with Upward momentum and in a preliminary Squeeze. /NQ – UpTrend and Upward momentum and in a Squeeze. /ES – UpTrend and Upward momentum.
The indices turned upwards on no news.
/CL – DownTrend and upward momentum and in a Squeeze. /GC – Sidewards and downward momentum. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and a preliminary Squeeze. DBC – UpTrend and upward momentum and a preliminary Squeeze.
It is still a risk on market. Junk bond (HYG) is turning upwards and DBC is sideways.
$DXY – Sidewards with downward momentum. EUR/USD – Sidewards with upward momentum and in a preliminary Squeeze. USD/JPY – Sidewards with upward momentum.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.588.Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –28.06. Vix Futures – 29.95. Skew – 120.60.
Indices shot up on no news. With the US elections in less than 4 weeks, it looks like there will be a decisive victory. Sentiment continues to be bullish and indices are turning upwards. Vix remains high indicating high volatility. Skew is normal.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLF, XLU, XLI, XLY, XLV, XLK, XLP, SPX, /ES, SPY and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLB, XLV, SPX, /ES, SPY, XLP, XLI, 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.
7 October 2020 – No news, Indices shot upwards!
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend with Upward momentum and in a preliminary Squeeze. /NQ – UpTrend and Upward momentum and in a Squeeze. /ES – UpTrend and Upward momentum.
The indices turned upwards on no news.
/CL – DownTrend and upward momentum and in a Squeeze. /GC – Sidewards and downward momentum. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and a preliminary Squeeze. DBC – UpTrend and upward momentum and a preliminary Squeeze.
It is still a risk on market. Junk bond (HYG) is turning upwards and DBC is sideways.
$DXY – Sidewards with downward momentum. EUR/USD – Sidewards with upward momentum and in a preliminary Squeeze. USD/JPY – Sidewards with upward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.588. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –28.06. Vix Futures – 29.95. Skew – 120.60.
Indices shot up on no news. With the US elections in less than 4 weeks, it looks like there will be a decisive victory. Sentiment continues to be bullish and indices are turning upwards. Vix remains high indicating high volatility. Skew is normal.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLF, XLU, XLI, XLY, XLV, XLK, XLP, SPX, /ES, SPY and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLB, XLV, SPX, /ES, SPY, XLP, XLI, 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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