Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and downward 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 pull back slightly.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum and in a preliminary Squeeze. /ZB – DownTrend and downward momentum. HYG – UpTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Momentum in junk bond (HYG) is starting to turn downwards and DBC continues on its UpTrend.
$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 – 0.562. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 142.55. Vix – 22.49.
Market internals are giving a bearish bias signal and is indicating a potential turn downwards.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, SPY, SPX, XLE, /ES, XLY, XLK, XLI, XLV, XLU, XLB and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, XLE, 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.
18 February 2021 – Indices turn bearish
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and downward 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 pull back slightly.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum and in a preliminary Squeeze. /ZB – DownTrend and downward momentum. HYG – UpTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Momentum in junk bond (HYG) is starting to turn downwards and DBC continues on its UpTrend.
$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 – 0.562. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 142.55. Vix – 22.49.
Market internals are giving a bearish bias signal and is indicating a potential turn downwards.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, SPY, SPX, XLE, /ES, XLY, XLK, XLI, XLV, XLU, XLB and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, XLE, 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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