2 April 2021 – Stimulus to come, a good week for indices
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are back on an UpTrend.
/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 – Sideward Trend 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 – UpTrend with upward momentum. /NQ – UpTrend with upward 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 – UpTrend with upward momentum and in a Squeeze. /ZB – DownTrend with upward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Oil is trending sideways. 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 – Extremely Bullish . Put/Call ratio – 0.563. Market Breadth – sloping upward showing more gainers to losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 136.29. Vix – 18.03.
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 SPY, SPX, XLI, XLB, XLU, XLF, XLY, XLP, XLK, XLE and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, SPY, /ES, XLI, XLB, XLF, XLK, XLP, XLV and XLU.
2 April 2021 – Stimulus to come, a good week for indices
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are back on an UpTrend.
/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 – Sideward Trend 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 – UpTrend with upward momentum. /NQ – UpTrend with upward 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 – UpTrend with upward momentum and in a Squeeze. /ZB – DownTrend with upward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Oil is trending sideways. 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 – Extremely Bullish . Put/Call ratio – 0.563. Market Breadth – sloping upward showing more gainers to losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 136.29. Vix – 18.03.
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 SPY, SPX, XLI, XLB, XLU, XLF, XLY, XLP, XLK, XLE and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, SPY, /ES, XLI, XLB, XLF, XLK, XLP, XLV and XLU.
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