21 January 2021 – New All-Time high in Nasdaq. Apple soars
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The Nasdaq 100 broke out to new all-time highs as Apple made gains.
/CL – UpTrend and upward momentum. /GC – DownTrend and Upward momentum. /ZB – DownTrend and downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC continued its UpTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$DXY – Downward with downward momentum and in a Squeeze. EUR/USD – Sideward with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.496. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 144.2. Vix – 21.32.
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 SPY, SPX, XLK, XLY, /ES, XLY, XLV, XLI, XLF, XLE, XLB, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPY, SPX, XLK, XLY, XLV, XLI, XLB, 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.
21 January 2021 – New All-Time high in Nasdaq. Apple soars
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The Nasdaq 100 broke out to new all-time highs as Apple made gains.
/CL – UpTrend and upward momentum. /GC – DownTrend and Upward momentum. /ZB – DownTrend and downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC continued its UpTrend with upward momentum. That is a good sign that the market is still in an UpTrend.
$DXY – Downward with downward momentum and in a Squeeze. EUR/USD – Sideward with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.496. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 144.2. Vix – 21.32.
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 SPY, SPX, XLK, XLY, /ES, XLY, XLV, XLI, XLF, XLE, XLB, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPY, SPX, XLK, XLY, XLV, XLI, XLB, 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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