Summary (The Week Ahead) $DJT – DownTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – Sideward with upward momentum and in a Squeeze.
The indices are starting to recover after a short pullback.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and Upward momentum. /ZB – DownTrend and downward momentum. HYG – DownTrend with downward momentum and in a Squeeze. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) is pulling back slightly and DBC continued its UpTrend with upward momentum. We have a mixed signal here.
$DXY – UpTrend 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 preliminary 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 – 141.63. Vix – 30.24.
Market internals are giving mixed signals but with bullish bias. Overall market sentiment remains extremely bullish.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, /ES, XLY, SPX, SPY, XLV, XLE, XLF, XLB, XLI, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, /ES, SPX, SPY, XLY, XLV, XLI, XLB, XLF, 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.
1 February 2021 – Silver is the new GameStop
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – Sideward with upward momentum and in a Squeeze.
The indices are starting to recover after a short pullback.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and Upward momentum. /ZB – DownTrend and downward momentum. HYG – DownTrend with downward momentum and in a Squeeze. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) is pulling back slightly and DBC continued its UpTrend with upward momentum. We have a mixed signal here.
$DXY – UpTrend 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 preliminary 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 – 141.63. Vix – 30.24.
Market internals are giving mixed signals but with bullish bias. Overall market sentiment remains extremely bullish.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, /ES, XLY, SPX, SPY, XLV, XLE, XLF, XLB, XLI, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, /ES, SPX, SPY, XLY, XLV, XLI, XLB, XLF, 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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