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.

27 October 2020 – October double top. Indices pulled back further.

Summary (The Week Ahead)
$DJTUpTrend and downward momentum. /YM – DownTrend and downward momentum. /RTYUpTrend with downward momentum. /NQUpTrend with downward momentum and with preliminary Squeeze. /ESUpTrend 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.  


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