Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
New all-time highs in Dow Jones Industrial and S&P 500.
/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. DBC – UpTrend with upward momentum.
Junk bond (HYG) is in a down trend but DBC is in an upTrend. Volatility has increased in the market and caution is needed in this market.
$DXY – UpTrend with downward momentum. EUR/USD – DownTrend with upward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.577. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 143.19. Vix – 19.23.
Market internals are giving extreme bullishness which is a cautionary signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, SPY, SPX, XLB, /ES, XLF, XLE, XLY, XLP, XLU, XLK and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPY, SPX, XLI, XLB, /ES, XLF, XLY, XLE, XLK, XLP, XLV and XLU.
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 March 2021 – A Strong bull market
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
New all-time highs in Dow Jones Industrial and S&P 500.
/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. DBC – UpTrend with upward momentum.
Junk bond (HYG) is in a down trend but DBC is in an upTrend. Volatility has increased in the market and caution is needed in this market.
$DXY – UpTrend with downward momentum. EUR/USD – DownTrend with upward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.577. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 143.19. Vix – 19.23.
Market internals are giving extreme bullishness which is a cautionary signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, SPY, SPX, XLB, /ES, XLF, XLE, XLY, XLP, XLU, XLK and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPY, SPX, XLI, XLB, /ES, XLF, XLY, XLE, XLK, XLP, XLV and XLU.
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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