Bursa KLCI

Z_Top5_28June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

Z_Top5_24June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

Z_Top5_23 June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

21 October 2020 – Further pullback

Summary (The Week Ahead)
$DJTUpTrend and upward momentum. /YMUpTrend and downward momentum. /RTYUpTrend with Upward momentum. /NQUpTrend with downward momentum. /ESUpTrend with downward momentum.

The indices are pulling back.

/CL – Downwards and downward momentum and in a Squeeze. /GC – Downwards and upward momentum. /ZB – DownTrend with downward momentum. HYGUpTrend with downward momentum. DBCUpTrend with upward momentum and a preliminary Squeeze.

Indices are pulling back and the probable cause is that the market is more risk adverse. The likely reason is the US election which may end up to be a contested election. Junk bond (HYG) is trending downwards with downward momentum and DBC is turning upwards with upward momentum. The signals are mixed.

$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a Squeeze.

Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.57. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –28.65. Skew – 124.3.

Market internals are showing indecision as stimulus package in Congress is held up. Indices are pulling back.

Relative Strength – Sectors.

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLI, XLB, XLY, XLP, SPX, SPY, XLF, XLV, /ES, XLK and XLE.

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, SPX, SPY, XLP, /ES, 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.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>