31 December 2020 – Weekly Review – Indices closed at new all time highs
Weekly chart
$DJT – UpTrend and Upward Momentum. /YM – UpTrend and Upward momentum and in a preliminary Squeeze. /NQ – UpTrend and Upward momentum and in a preliminary Squeeze. /ES – UpTrend and Upward momentum.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with downward momentum and in a Squeeze. /ZB – DownTrend with Downward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – DownTrend with downward momentum and in a Weekly and Monthly Squeeze.
US Dollar continues to squeeze downward.
Summary (Daily Chart) $DJT – UpTrend with downward momentum in a Squeeze. /YM – UpTrend with upward momentum and in a tight Squeeze. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum and in a Squeeze.
The indices continue to make all-time highs. We are in an euphoric market.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum and in a preliminary Squeeze. /ZB – DownTrend with upward momentum and in a tight Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with Upward momentum.
Oil is trending higher. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is in an UpTrend with Upward momentum. It is a risk-on market.
$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 and in a preliminary Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.552. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 147.83. Vix – 22.75.
Market Internals are showing an upTrend but it is a weak signal.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, SPX, /ES, XLB, XLY, XLK, XLV, SPY, XLI, XLP, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, /ES, XLB, XLY, XLK, XLV, SPY, XLP, XLI, 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.
31 December 2020 – Weekly Review – Indices closed at new all time highs
Weekly chart
$DJT – UpTrend and Upward Momentum. /YM – UpTrend and Upward momentum and in a preliminary Squeeze. /NQ – UpTrend and Upward momentum and in a preliminary Squeeze. /ES – UpTrend and Upward momentum.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with downward momentum and in a Squeeze. /ZB – DownTrend with Downward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – DownTrend with downward momentum and in a Weekly and Monthly Squeeze.
US Dollar continues to squeeze downward.
Summary (Daily Chart)
$DJT – UpTrend with downward momentum in a Squeeze. /YM – UpTrend with upward momentum and in a tight Squeeze. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum and in a Squeeze.
The indices continue to make all-time highs. We are in an euphoric market.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum and in a preliminary Squeeze. /ZB – DownTrend with upward momentum and in a tight Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with Upward momentum.
Oil is trending higher. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is in an UpTrend with Upward momentum. It is a risk-on market.
$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 and in a preliminary Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.552. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 147.83. Vix – 22.75.
Market Internals are showing an upTrend but it is a weak signal.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, SPX, /ES, XLB, XLY, XLK, XLV, SPY, XLI, XLP, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, /ES, XLB, XLY, XLK, XLV, SPY, XLP, XLI, 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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