11 November 2020 – UpTrend continues without Trump Concession
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices are all aligned in an UpTrend.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in preliminary Squeeze. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC is in upTrend with upward momentum. That is a god sign that we are in a bull market.
$DXY – DownTrend with downward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.66.Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –23.45. Skew – 129.47.
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 XLF, XLU, XLP, SPX, SPY, XLI, XLV, XLE, /ES, XLY, XLB and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, SPX, SPY, XLY, XLI, XLV, /ES, XLB, 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.
11 November 2020 – UpTrend continues without Trump Concession
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices are all aligned in an UpTrend.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in preliminary Squeeze. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC is in upTrend with upward momentum. That is a god sign that we are in a bull market.
$DXY – DownTrend with downward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.66. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –23.45. Skew – 129.47.
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 XLF, XLU, XLP, SPX, SPY, XLI, XLV, XLE, /ES, XLY, XLB and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, SPX, SPY, XLY, XLI, XLV, /ES, XLB, 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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