26 March 2021 – Weekly Review – An Uncertain market
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with downward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are back on an UpTrend during a volatile week.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum and in a preliminary Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
$DXY – Sideward Trend with upward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
US Dollar is on an upTrend.
Summary (Daily Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – DownTrend with downward momentum and in a preliminary Squeeze. /NQ – Sideward Trend with downward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – Sideward Trend with upward momentum and in a preliminary Squeeze. /GC – Sideward Trend with downward momentum and in a Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – Sideward Trend with upward momentum.
Oil is showing signs of pulling back. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is trending sideways. It is a risk-off market.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals (Daily Chart) Market Sentiment – Bullish . Put/Call ratio – 0.738. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 145.46. Vix – 18.86.
Market Internals are showing weakness.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLP, XLI, SPX, /ES, SPY, XLU, XLF, XLV, XLE, XLY and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLP, XLI, SPX, /ES, XLF, XLV, XLY, XLK, XLE and XLU.
26 March 2021 – Weekly Review – An Uncertain market
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with downward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are back on an UpTrend during a volatile week.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum and in a preliminary Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
$DXY – Sideward Trend with upward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
US Dollar is on an upTrend.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – DownTrend with downward momentum and in a preliminary Squeeze. /NQ – Sideward Trend with downward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – Sideward Trend with upward momentum and in a preliminary Squeeze. /GC – Sideward Trend with downward momentum and in a Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – Sideward Trend with upward momentum.
Oil is showing signs of pulling back. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is trending sideways. It is a risk-off market.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals (Daily Chart)
Market Sentiment – Bullish . Put/Call ratio – 0.738. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 145.46. Vix – 18.86.
Market Internals are showing weakness.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLP, XLI, SPX, /ES, SPY, XLU, XLF, XLV, XLE, XLY and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLP, XLI, SPX, /ES, XLF, XLV, XLY, XLK, XLE and XLU.
Share this:
Related