Summary (The Week Ahead) $DJT –Sidewards and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a tight Squeeze. /RTY – UpTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices pulled back on the first day of the year and it could be a sign of things to come with increased volatilities in the market. UpTrend largely remains.
/CL – UpTrend and upward momentum and in a Squeeze. /GC – UpTrend and Upward momentum and in a preliminary Squeeze. /ZB – DownTrend and upward momentum and in a tight Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an upTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$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 Market Sentiment – Extremely Bullish. Put/Call ratio – 0.604. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 143.84. Vix – 26.97.
Market internals are giving mixed signals with Bearish bias. Skew is above 142 giving warning of a Fat-Tail event. UpTrend remains intact but warning bells are ringing.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLV, XLY, /ES, SPX, XLB, XLK, SPY, XLP, XLI, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, SPX, /ES, XLB, XLK, 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.
4 January 2021 – 2021 begins with a Sell-off
Summary (The Week Ahead)
$DJT –Sidewards and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a tight Squeeze. /RTY – UpTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices pulled back on the first day of the year and it could be a sign of things to come with increased volatilities in the market. UpTrend largely remains.
/CL – UpTrend and upward momentum and in a Squeeze. /GC – UpTrend and Upward momentum and in a preliminary Squeeze. /ZB – DownTrend and upward momentum and in a tight Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an upTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$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
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.604. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 143.84. Vix – 26.97.
Market internals are giving mixed signals with Bearish bias. Skew is above 142 giving warning of a Fat-Tail event. UpTrend remains intact but warning bells are ringing.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLV, XLY, /ES, SPX, XLB, XLK, SPY, XLP, XLI, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, SPX, /ES, XLB, XLK, 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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