Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a Squeeze. /YM – UpTrend and upward momentum in a preliminary Squeeze. /RTY – UpTrend with Upward momentum. /NQ – UpTrend and Upward momentum and in a Squeeze. /ES – UpTrend and Upward momentum and in a preliminary Squeeze.
The indices are surging upwards.
/CL – Sidewards 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. DBC – UpTrend and upward momentum and a preliminary Squeeze.
It is 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 – 0.558.Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –26.36. Vix Futures – 27.90. Skew – 121.81.
Market internals are showing bullishness and with the US elections less than 4 weeks away, the market looks to have a certainty about the election.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLF, XLU, XLV, XLI, XLY, /ES, SPX, SPY, XLK, XLP and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLY, XLB, /ES, SPX, 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.
8 October 2020 – Surge in indices
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a Squeeze. /YM – UpTrend and upward momentum in a preliminary Squeeze. /RTY – UpTrend with Upward momentum. /NQ – UpTrend and Upward momentum and in a Squeeze. /ES – UpTrend and Upward momentum and in a preliminary Squeeze.
The indices are surging upwards.
/CL – Sidewards 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. DBC – UpTrend and upward momentum and a preliminary Squeeze.
It is 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 – 0.558. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –26.36. Vix Futures – 27.90. Skew – 121.81.
Market internals are showing bullishness and with the US elections less than 4 weeks away, the market looks to have a certainty about the election.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLF, XLU, XLV, XLI, XLY, /ES, SPX, SPY, XLK, XLP and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLY, XLB, /ES, SPX, 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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