Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – DownTrend and downward momentum. /RTY – UpTrend with upward momentum. /NQ – DownTrend with downward momentum . /ES – DownTrend with downward momentum.
The indices surged upwards but this is part of the election volatility.
/CL – DownTrend and downward momentum. /GC – Ranging Sideways Trend and sidewards momentum and in Squeeze. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – DownTrend with upward momentum. DBC – DownTrend with downward momentum.
It is a risk-off market as investors pulled to the sidelines ahead of the US election results. Covid-19 is out of control in the US of A. Junk bond (HYG) is in downtrend with upward momentum and DBC is in downTrend with downward momentum. That is deemed to be a mix signals.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.694.Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –35.55. Skew – 136.44.
Market internals are giving mixed signals but with bullish bias as the US election arrives.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLB, XLI, XLF, /ES, XLV, XLY, XLP, SPX, SPY, XLE and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, /ES, XLI, SPX, SPY, XLP, XLU, XLK, 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.
3 November 2020 – Indices surged upwards!
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – DownTrend and downward momentum. /RTY – UpTrend with upward momentum. /NQ – DownTrend with downward momentum . /ES – DownTrend with downward momentum.
The indices surged upwards but this is part of the election volatility.
/CL – DownTrend and downward momentum. /GC – Ranging Sideways Trend and sidewards momentum and in Squeeze. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – DownTrend with upward momentum. DBC – DownTrend with downward momentum.
It is a risk-off market as investors pulled to the sidelines ahead of the US election results. Covid-19 is out of control in the US of A. Junk bond (HYG) is in downtrend with upward momentum and DBC is in downTrend with downward momentum. That is deemed to be a mix signals.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.694. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –35.55. Skew – 136.44.
Market internals are giving mixed signals but with bullish bias as the US election arrives.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLB, XLI, XLF, /ES, XLV, XLY, XLP, SPX, SPY, XLE and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, /ES, XLI, SPX, SPY, XLP, XLU, XLK, 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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