Summary (Weekly Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum with preliminary Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward Momentum. /ES – UpTrend with upward momentum.
The indices have gained that the stimulus talks are on.
/CL – DownTrend with downward momentum and in a Squeeze. /GC – UpTrend with upward momentum. /ZB – UpTrend with Downward momentum and in a Squeeze. HYG – DownTrend with upward momentum and in a preliminary Squeeze.
$DXY – DownTrend and with downward momentum. EUR/USD – UpTrend and with upward momentum. USD/JPY – DownTrend with downward momentum.
Summary (Daily Chart) $DJT – UpTrend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with Upward momentum and in a preliminary Squeeze.
/CL – DownTrend with upward momentum and in a Squeeze. /GC – DownTrend and upward momentum. /ZB –DownTrend with downward momentum. HYG – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish.Put/Call ratio – 0.569. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 25.00 and Vix Futures – 26.80. Skew – 121.93.
The indices continue to trade upwards on continuing stimulus talks. Market Sentiment continues to be extremely bullish and market breadth is showing more gainers than losers and market volume is showing accumulation. Vix has trended downwards and Skew is normal.
Gold has risen to above USD 1900 per troy ounce. Oil continues to be volatile. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, XLY, XLI, XLU, XLB, XLV, XLF, /ES, SPY, XLK, XLP and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, XLY, XLB, XLV, /ES, SPX, SPY, 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.
9 October 2020 – Weekly Review – Stimulus week
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum with preliminary Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward Momentum. /ES – UpTrend with upward momentum.
The indices have gained that the stimulus talks are on.
/CL – DownTrend with downward momentum and in a Squeeze. /GC – UpTrend with upward momentum. /ZB – UpTrend with Downward momentum and in a Squeeze. HYG – DownTrend with upward momentum and in a preliminary Squeeze.
$DXY – DownTrend and with downward momentum. EUR/USD – UpTrend and with upward momentum. USD/JPY – DownTrend with downward momentum.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with Upward momentum and in a preliminary Squeeze.
/CL – DownTrend with upward momentum and in a Squeeze. /GC – DownTrend and upward momentum. /ZB –DownTrend with downward momentum. HYG – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.569. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 25.00 and Vix Futures – 26.80. Skew – 121.93.
The indices continue to trade upwards on continuing stimulus talks. Market Sentiment continues to be extremely bullish and market breadth is showing more gainers than losers and market volume is showing accumulation. Vix has trended downwards and Skew is normal.
Gold has risen to above USD 1900 per troy ounce. Oil continues to be volatile. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, XLY, XLI, XLU, XLB, XLV, XLF, /ES, SPY, XLK, XLP and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, XLY, XLB, XLV, /ES, SPX, SPY, 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.Share this:
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