30 October 2020 – Weekly Review – The Indices came down before the election
Summary (Weekly Chart) $DJT – UpTrend with upward momentum. /YM – DownTrend with downward momentum with preliminary Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with downward Momentum. /ES – UpTrend with upward momentum.
The indices have pulled back just before the US election.
/CL – DownTrend with downward momentum and in a Squeeze. /GC – UpTrend with downward momentum. /ZB – UpTrend with Downward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum and in a preliminary Squeeze.
$DXY – DownTrend and with downward momentum. EUR/USD – UpTrend with downward momentum. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Summary (Daily Chart) $DJT – UpTrend with downward momentum. /YM – DownTrend with downward momentum. /RTY – DownTrend with downward momentum. /NQ – DownTrend with downward momentum. /ES – DownTrend with Downward momentum.
/CL – DownTrend with downward momentum. /GC – DownTrend with Downwards momentum and in a Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum.
$DXY – UpTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals (Daily Chart) Market Sentiment – Bearish.Put/Call ratio – 0.905. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 38.027.55 and Vix Futures – 26.80. Skew – 33.91.
Market Internals are showing bearishness. Vix has trended higher. Skew is normal.
Gold and Oil are now trading lower. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-off market.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLB, XLF, XLY, /ES, XLI, SPY, SPX, XLV, XLP and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, /ES, XLI, XLP, 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.
30 October 2020 – Weekly Review – The Indices came down before the election
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – DownTrend with downward momentum with preliminary Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with downward Momentum. /ES – UpTrend with upward momentum.
The indices have pulled back just before the US election.
/CL – DownTrend with downward momentum and in a Squeeze. /GC – UpTrend with downward momentum. /ZB – UpTrend with Downward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum and in a preliminary Squeeze.
$DXY – DownTrend and with downward momentum. EUR/USD – UpTrend with downward momentum. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Summary (Daily Chart)
$DJT – UpTrend with downward momentum. /YM – DownTrend with downward momentum. /RTY – DownTrend with downward momentum. /NQ – DownTrend with downward momentum. /ES – DownTrend with Downward momentum.
/CL – DownTrend with downward momentum. /GC – DownTrend with Downwards momentum and in a Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum.
$DXY – UpTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals (Daily Chart)
Market Sentiment – Bearish. Put/Call ratio – 0.905. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 38.027.55 and Vix Futures – 26.80. Skew – 33.91.
Market Internals are showing bearishness. Vix has trended higher. Skew is normal.
Gold and Oil are now trading lower. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-off market.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLB, XLF, XLY, /ES, XLI, SPY, SPX, XLV, XLP and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, /ES, XLI, XLP, 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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