12 October 2020 – Apple sends indices to near record highs
Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum. /RTY – UpTrend with Upward momentum. /NQ – UpTrend and Upward momentum and in a preliminary Squeeze. /ES – UpTrend and Upward momentum.
The indices are surging upwards.
/CL – DownTrend and downward momentum and in a Squeeze. /GC – DownTrend and upward 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 trending upwards with upward momentum and DBC is turning upwards with upward momentum. The indices are firing on all cylinders.
$DXY – DownTrend with downward momentum. EUR/USD – DownTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.543.Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –25.07. Skew – 123.9.
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 SPY, XLI, XLY, XLU, XLV, XLB, SPX, /ES, XLF, XLP, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLY, XLV, XLB, SPX, SPY, XLP, XLK, XLI, 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.
12 October 2020 – Apple sends indices to near record highs
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum. /RTY – UpTrend with Upward momentum. /NQ – UpTrend and Upward momentum and in a preliminary Squeeze. /ES – UpTrend and Upward momentum.
The indices are surging upwards.
/CL – DownTrend and downward momentum and in a Squeeze. /GC – DownTrend and upward 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 trending upwards with upward momentum and DBC is turning upwards with upward momentum. The indices are firing on all cylinders.
$DXY – DownTrend with downward momentum. EUR/USD – DownTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.543. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –25.07. Skew – 123.9.
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 SPY, XLI, XLY, XLU, XLV, XLB, SPX, /ES, XLF, XLP, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLY, XLV, XLB, SPX, SPY, XLP, XLK, XLI, 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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