Bursa KLCI

Z_Top5_24June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

Z_Top5_23 June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

11 January 2021 – Market is sideways, Trump impeachment looms

Summary (The Week Ahead)
$DJTUpTrend and upward momentum and in a preliminary Squeeze. /YMUpTrend and upward momentum and in a preliminary Squeeze. /RTYUpTrend and upward momentum. /NQUpTrend with upward momentum and in a preliminary Squeeze. /ESUpTrend with upward momentum and in a preliminary Squeeze.

The indices are now sideways. With the recent new all-time highs, it is likely that they are resting and also in part due to the politics uncertainties in the USA.

/CLUpTrend and upward momentum. /GC –DownTrend and Downward momentum. /ZBDownTrend and downward momentum. HYGUpTrend with upward momentum and in a preliminary Squeeze. DBCUpTrend with upward momentum.

Junk bond (HYG) has pulled back slightly and DBC is in an UpTrend with upward momentum. That is a good sign that the market is still in an UpTrend.

$DXYDownTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPYUpTrend with upward momentum and in a Squeeze.

Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.559. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 134.70. Vix – 24.08.

Market internals are giving mixed signals but with Bullish bias. UpTrend remains intact and the overall market sentiment remains bullish.

Relative Strength – Sectors.

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, /ES, XLI, SPX, SPY, XLB, XLK, XLY, XLP and XLU.

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, /ES, SPX, XLI, SPY, XLB, XLF, XLK, XLY, XLP, XLU and XLE.

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