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 upward momentum. /ZB – DownTrend with upward 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 still trending upwards.
$DXY – UpTrend with downward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.549.Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –26.40. Skew – 122.60.
Market internals are showing distribution as stimulus package in Congress is held up.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLU, XLY, XLB, XLV, XLP, SPX, SPY, XLK, /ES, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLB, XLV, SPX, 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.
14 October 2020 – Profit taking
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 upward momentum. /ZB – DownTrend with upward 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 still trending upwards.
$DXY – UpTrend with downward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.549. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –26.40. Skew – 122.60.
Market internals are showing distribution as stimulus package in Congress is held up.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLU, XLY, XLB, XLV, XLP, SPX, SPY, XLK, /ES, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLB, XLV, SPX, 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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