11 January 2021 – Market is sideways, Trump impeachment looms
Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend 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.
/CL – UpTrend and upward momentum. /GC –DownTrend and Downward momentum. /ZB – DownTrend and downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend 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.
$DXY – DownTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend 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.
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.
11 January 2021 – Market is sideways, Trump impeachment looms
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend 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.
/CL – UpTrend and upward momentum. /GC –DownTrend and Downward momentum. /ZB – DownTrend and downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend 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.
$DXY – DownTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend 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.
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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