4 December 2020 – Election nail biter, Bulls are back
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – DownTrend and upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum . /ES – UpTrend with upward momentum.
The indices surged upwards but this is part of the election volatility.
/CL – DownTrend and upward momentum. /GC – Ranging Sideways Trend and sidewards momentum and in Squeeze. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – DownTrend with upward momentum.
Investors are starting to get back into the market as fears of chaos and violence have not yet proven to be true. Junk bond (HYG) is in downtrend with upward momentum and DBC is in downTrend with upward momentum. The bulls are getting back into the market.
$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 – 0.731.Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –29.57. Skew – 133.32.
Market internals are giving bullish signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, XLK, XLV, XLY, XLU, XLB, XLY, XLI, /ES, SPY, XLF, XLP, and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLU, XLY, XLI, XLV, XLB, /ES, SPX, SPY, XLP, XLK and XLF.
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.
4 December 2020 – Election nail biter, Bulls are back
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – DownTrend and upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum . /ES – UpTrend with upward momentum.
The indices surged upwards but this is part of the election volatility.
/CL – DownTrend and upward momentum. /GC – Ranging Sideways Trend and sidewards momentum and in Squeeze. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – DownTrend with upward momentum.
Investors are starting to get back into the market as fears of chaos and violence have not yet proven to be true. Junk bond (HYG) is in downtrend with upward momentum and DBC is in downTrend with upward momentum. The bulls are getting back into the market.
$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 – 0.731. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –29.57. Skew – 133.32.
Market internals are giving bullish signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, XLK, XLV, XLY, XLU, XLB, XLY, XLI, /ES, SPY, XLF, XLP, and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLU, XLY, XLI, XLV, XLB, /ES, SPX, SPY, XLP, XLK and XLF.
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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