Summary (The Week Ahead) $DJT – DownTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – UpTrend and downward momentum. /NQ – UpTrend with sideward momentum. /ES – DownTrend with downward momentum.
The indices pulled back after many weeks of elevated Skew.
/CL – UpTrend and upward momentum. /GC – DownTrend and Downward momentum. /ZB – UpTrend and upward momentum. HYG – DownTrend with downward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) is pulling back slightly and DBC continued its UpTrend with upward momentum.
$DXY – UpTrend with upward momentum and in a 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 – 0.49. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 137.93. Vix – 37.21.
Market internals are giving mixed signals but with bullish bias. 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 XLK, XLE, SPY, XLY, SPX, /ES, XLF, XLV, XLI, XLB, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, SPY, SPX, XLY, /ES, XLV, XLI, XLP, 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.
27 January 2021 – Indices pulling back
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – UpTrend and downward momentum. /NQ – UpTrend with sideward momentum. /ES – DownTrend with downward momentum.
The indices pulled back after many weeks of elevated Skew.
/CL – UpTrend and upward momentum. /GC – DownTrend and Downward momentum. /ZB – UpTrend and upward momentum. HYG – DownTrend with downward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) is pulling back slightly and DBC continued its UpTrend with upward momentum.
$DXY – UpTrend with upward momentum and in a 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 – 0.49. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 137.93. Vix – 37.21.
Market internals are giving mixed signals but with bullish bias. 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 XLK, XLE, SPY, XLY, SPX, /ES, XLF, XLV, XLI, XLB, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, SPY, SPX, XLY, /ES, XLV, XLI, XLP, 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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