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 – UpTrendand upward 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 could be poised to surge upwards as it is in a volatility compression. UpTrend largely remains.
/CL – UpTrend and upward momentum and in a Squeeze. /GC – UpTrend and Upward momentum and exited 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 – 0.55. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 145.50. Vix – 25.34.
Market internals are giving mixed signals with Bullish 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 XLB, XLV, XLF, XLY, SPX, XLK, SPY, /ES, XLE, XLI, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLV, XLY, SPX, XLK, SPY, /ES, XLI, XLP, 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.
5 January 2021 – Georgia looms, market indecision
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 upward 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 could be poised to surge upwards as it is in a volatility compression. UpTrend largely remains.
/CL – UpTrend and upward momentum and in a Squeeze. /GC – UpTrend and Upward momentum and exited 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 – 0.55. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 145.50. Vix – 25.34.
Market internals are giving mixed signals with Bullish 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 XLB, XLV, XLF, XLY, SPX, XLK, SPY, /ES, XLE, XLI, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLV, XLY, SPX, XLK, SPY, /ES, XLI, XLP, 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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