17 February 2021 – Vaccination shows results, market hesitates
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 preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices is losing momentum upwards. It looks to want to have a rest and pullback slightly.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum and in a preliminary 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. This is bullish for the market overall.
$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 – 0.482. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 144.45. Vix – 21.5.
Market internals are giving a bullish bias signal and is indicating a slowdown in momentum upwards.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLE, SPY, SPX, /ES, XLK, XLI, XLY, XLV, XLB, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLE, XLK, XLB, XLI, XLF, /ES, SPY, SPX, 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.
17 February 2021 – Vaccination shows results, market hesitates
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 preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices is losing momentum upwards. It looks to want to have a rest and pullback slightly.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum and in a preliminary 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. This is bullish for the market overall.
$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 – 0.482. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 144.45. Vix – 21.5.
Market internals are giving a bullish bias signal and is indicating a slowdown in momentum upwards.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLE, SPY, SPX, /ES, XLK, XLI, XLY, XLV, XLB, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLE, XLK, XLB, XLI, XLF, /ES, SPY, SPX, 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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