27 October 2020 – October double top. Indices pulled back further.
Summary (The Week Ahead) $DJT – UpTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – UpTrend with downward momentum. /NQ – UpTrend with downward momentum and with preliminary Squeeze. /ES – UpTrend with downward momentum and in a preliminary Squeeze.
The indices are pulling back as Covid-19 cases surged.
/CL – DownTrend and downward momentum and in a Squeeze. /GC – DownTrend and downward momentum and in tight Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum and in a preliminary Squeeze.
Indices pulled back as Covid-19 is out of control in the US of A. Junk bond (HYG) is in downtrend with downward momentum and DBC is in downTrend with downward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – DownTrend with downward momentum and in a Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.668.Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –33.35. Skew – 127.58.
Market internals are showing signs of bearishness as the US election nears.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLY, XLV, SPX, SPY, XLB, XLP, /ES, XLF, XLK, XLI and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLB, SPX, SPY, /ES, 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.
27 October 2020 – October double top. Indices pulled back further.
Summary (The Week Ahead)
$DJT – UpTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – UpTrend with downward momentum. /NQ – UpTrend with downward momentum and with preliminary Squeeze. /ES – UpTrend with downward momentum and in a preliminary Squeeze.
The indices are pulling back as Covid-19 cases surged.
/CL – DownTrend and downward momentum and in a Squeeze. /GC – DownTrend and downward momentum and in tight Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum and in a preliminary Squeeze.
Indices pulled back as Covid-19 is out of control in the US of A. Junk bond (HYG) is in downtrend with downward momentum and DBC is in downTrend with downward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – DownTrend with downward momentum and in a Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.668. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –33.35. Skew – 127.58.
Market internals are showing signs of bearishness as the US election nears.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLY, XLV, SPX, SPY, XLB, XLP, /ES, XLF, XLK, XLI and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLB, SPX, SPY, /ES, 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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