Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend with Upward momentum. /NQ – UpTrend and Upward momentum. /ES – UpTrend and Upward momentum.
The indices continue to trend upwards.
/CL – DownTrend and downward momentum and in a Squeeze. /GC – DownTrend and downward momentum. /ZB – DownTrend with downward momentum. 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 – UpTrend with upward momentum. EUR/USD – DownTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.55.Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –26.07. Skew – 122.5.
Market internals are showing bullishness and with the US elections less than 3 weeks away, the market continues to be bullish.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLY, XLU, XLI, XLV, /ES, XLP, SPX, SPY, XLK, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLB, /ES, SPX, XLP, SPY, XLK, XLI, XLU, XLF and XLE.
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Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend with Upward momentum. /NQ – UpTrend and Upward momentum. /ES – UpTrend and Upward momentum.
The indices continue to trend upwards.
/CL – DownTrend and downward momentum and in a Squeeze. /GC – DownTrend and downward momentum. /ZB – DownTrend with downward momentum. 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 – UpTrend with upward momentum. EUR/USD – DownTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.55. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –26.07. Skew – 122.5.
Market internals are showing bullishness and with the US elections less than 3 weeks away, the market continues to be bullish.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLY, XLU, XLI, XLV, /ES, XLP, SPX, SPY, XLK, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLB, /ES, SPX, XLP, SPY, XLK, XLI, XLU, XLF and XLE.
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