3 February 2021 – Silver falls, Indices in a Squeeze
Summary (The Week Ahead) $DJT – DownTrend and downward momentum. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices are looking to Squeeze upwards to new all-time highs.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and Upward momentum and in a Squeeze. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) and DBC continued on their UpTrend. DBC is Squeezing upwards.
$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.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.504. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 136.59. Vix – 22.91.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, SPX, SPY, /ES, XLY, XLE, XLF, XLV, XLI, XLB, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, XLB, XLI, XLE, /ES, SPY, SPX, XLF, XLV, XLU and XLP.
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.
3 February 2021 – Silver falls, Indices in a Squeeze
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices are looking to Squeeze upwards to new all-time highs.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and Upward momentum and in a Squeeze. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) and DBC continued on their UpTrend. DBC is Squeezing upwards.
$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.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.504. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 136.59. Vix – 22.91.
Market internals are giving bullish signals. 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, SPX, SPY, /ES, XLY, XLE, XLF, XLV, XLI, XLB, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, XLB, XLI, XLE, /ES, SPY, SPX, XLF, XLV, XLU and XLP.
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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