6 November 2020 – Weekly Review – It will be President Elect Biden, Indices hold
Summary (Weekly Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum with preliminary Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward Momentum. /ES – UpTrend with upward momentum.
The indices continued their upTrend during the US election.
/CL – DownTrend with downward momentum and in a Squeeze. /GC – UpTrend with upward momentum. /ZB – UpTrend with Downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Summary (Daily Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with Upward momentum.
/CL – DownTrend with downward momentum. /GC – DownTrend with Upwards momentum and in a Squeeze. /ZB – DownTrend with upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrendwith upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish.Put/Call ratio – 0.6. Market Breadth – sloping upward showing more gainers to losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 24.86 and Vix Futures – 25.35. Skew – 124.56.
Market Internals are showing bullishness. Vix has trended lower. Skew is normal.
Gold is trending higher and Oil is trading lower. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLI, XLV, XLU, /ES, XLY, SPX, SPY, XLK, XLF, XLP and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLV, XLY, /ES, SPX, SPY, XLK, XLI, XLP, 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.
6 November 2020 – Weekly Review – It will be President Elect Biden, Indices hold
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum with preliminary Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward Momentum. /ES – UpTrend with upward momentum.
The indices continued their upTrend during the US election.
/CL – DownTrend with downward momentum and in a Squeeze. /GC – UpTrend with upward momentum. /ZB – UpTrend with Downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with Upward momentum.
/CL – DownTrend with downward momentum. /GC – DownTrend with Upwards momentum and in a Squeeze. /ZB – DownTrend with upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.6. Market Breadth – sloping upward showing more gainers to losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 24.86 and Vix Futures – 25.35. Skew – 124.56.
Market Internals are showing bullishness. Vix has trended lower. Skew is normal.
Gold is trending higher and Oil is trading lower. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLI, XLV, XLU, /ES, XLY, SPX, SPY, XLK, XLF, XLP and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLV, XLY, /ES, SPX, SPY, XLK, XLI, XLP, 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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