11 February 2021 – New highs but the indices are losing momentum
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The Dow Industrial index continue to Squeeze upwards to new All-time high.
/CL – UpTrend and upward momentum. /GC – DownTrend and Downward momentum and in a Squeeze. /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 on their UpTrend.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with downward momentum.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.445. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 137.60. Vix – 21.69.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, SPX, SPY, /ES, XLF, XLE, XLI, XLY, XLU, XLV, XLB and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, XLB, XLE, XLI, /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.
11 February 2021 – New highs but the indices are losing momentum
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The Dow Industrial index continue to Squeeze upwards to new All-time high.
/CL – UpTrend and upward momentum. /GC – DownTrend and Downward momentum and in a Squeeze. /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 on their UpTrend.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with downward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.445. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 137.60. Vix – 21.69.
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, XLF, XLE, XLI, XLY, XLU, XLV, XLB and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, XLB, XLE, XLI, /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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