Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend with downward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are looking for an excuse to move upward.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – Sideward Trend and upward momentum. /ZB – DownTrend and downward momentum. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum.
Junk bond (HYG) and DBC are both in a DownTrend. Volatility has increased in the market.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with sideward momentum.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.549. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 146.14. Vix – 18.88.
Market internals are showing bearishness.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, /ES, SPY, XLI, XLP, XLB, XLF, XLY, XLE, XLV, XLU and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, /ES, SPY, XLB, XLI, XLY, XLF, XLP, XLK, XLV, XLE 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.
22 March 2021 – Bearishness in the market
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend with downward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are looking for an excuse to move upward.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – Sideward Trend and upward momentum. /ZB – DownTrend and downward momentum. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum.
Junk bond (HYG) and DBC are both in a DownTrend. Volatility has increased in the market.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with sideward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.549. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 146.14. Vix – 18.88.
Market internals are showing bearishness.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, /ES, SPY, XLI, XLP, XLB, XLF, XLY, XLE, XLV, XLU and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, /ES, SPY, XLB, XLI, XLY, XLF, XLP, XLK, XLV, XLE 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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