9 December 2020 – No Stimulus, Indices pulled back after new all-time highs
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices continued to make new all-time highs. UpTrend remains.
/CL – UpTrend and upward momentum. /GC – DownTrendand downward momentum. /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 are both in an upTrend with upward momentum. That is a good sign that we are in an UpTrend market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – DownTrend with upward momentum and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.548. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 135.75. Vix – 22.27.
Market internals are showing accumulation and strong bullish bias. UpTrend remains intact.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLF, XLB, XLE, SPX, /ES, SPY, XLY, XLP, XLV, XLK and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLB, XLY, SPX, /ES, SPY, XLP, XLV, XLK, XLF, XLU 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 personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
9 December 2020 – No Stimulus, Indices pulled back after new all-time highs
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices continued to make new all-time highs. UpTrend remains.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum. /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 are both in an upTrend with upward momentum. That is a good sign that we are in an UpTrend market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – DownTrend with upward momentum and in a Squeeze.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.548. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 135.75. Vix – 22.27.
Market internals are showing accumulation and strong bullish bias. UpTrend remains intact.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLF, XLB, XLE, SPX, /ES, SPY, XLY, XLP, XLV, XLK and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLB, XLY, SPX, /ES, SPY, XLP, XLV, XLK, XLF, XLU 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 personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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