29 March 2021 – A diverging market, new highs in Dow Indices
Summary (The Week Ahead) $DJT – UpTrend and upward momentum (new all-time high). /YM – UpTrend and upward momentum (new all-time high). /RTY – DownTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with downward momentum and in a preliminary Squeeze.
The indices are trending in multiple directions.
/CL – Sideward Trend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in a Squeeze. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – Sideward Trend with upward momentum.
Junk bond (HYG) is now in an upTrend while DBC has shifted momentum upward. The market is still volatile.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.657. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 143.67. Vix – 20.74.
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 XLP, XLI, SPX, XLU, /ES, XLB, SPY, XLV, XLF, XLE, XLY and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, SPX, XLI, /ES, SPY, XLB, XLV, XLF, XLY, XLK, 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.
29 March 2021 – A diverging market, new highs in Dow Indices
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum (new all-time high). /YM – UpTrend and upward momentum (new all-time high). /RTY – DownTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with downward momentum and in a preliminary Squeeze.
The indices are trending in multiple directions.
/CL – Sideward Trend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in a Squeeze. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – Sideward Trend with upward momentum.
Junk bond (HYG) is now in an upTrend while DBC has shifted momentum upward. The market is still volatile.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.657. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 143.67. Vix – 20.74.
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 XLP, XLI, SPX, XLU, /ES, XLB, SPY, XLV, XLF, XLE, XLY and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLP, SPX, XLI, /ES, SPY, XLB, XLV, XLF, XLY, XLK, 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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