Summary (The Week Ahead) $DJT – UpTrend and downward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend with Upward momentum. /NQ – UpTrend with downward momentum. /ES – UpTrend with upward momentum.
The indices are swinging back up.
/CL – Downwards and downward momentum and in a Squeeze. /GC – Downwards and upward momentum. /ZB – DownTrend with downward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Indices are swinging back up but the market is still volatile due to the upcoming election in the USA. Junk bond (HYG) is trending upwards with upward momentum and DBC is turning upwards with upward momentum.
$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 – Bullish. Put/Call ratio – 0.634.Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –28.11. Skew – 124.94.
Market internals are bullish again as the stimulus talks continue.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLY, XLU, XLI, XLB, XLV, XLF, SPX, SPY, /ES, XLP, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, SPX, /ES, SPY, XLP, 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.
22 October 2020 – Indices heading up again
Summary (The Week Ahead)
$DJT – UpTrend and downward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend with Upward momentum. /NQ – UpTrend with downward momentum. /ES – UpTrend with upward momentum.
The indices are swinging back up.
/CL – Downwards and downward momentum and in a Squeeze. /GC – Downwards and upward momentum. /ZB – DownTrend with downward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Indices are swinging back up but the market is still volatile due to the upcoming election in the USA. Junk bond (HYG) is trending upwards with upward momentum and DBC is turning upwards with upward momentum.
$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 – Bullish. Put/Call ratio – 0.634. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –28.11. Skew – 124.94.
Market internals are bullish again as the stimulus talks continue.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLY, XLU, XLI, XLB, XLV, XLF, SPX, SPY, /ES, XLP, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, SPX, /ES, SPY, XLP, 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.
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