5 April 2021 – Indices surged to new all-time highs on stimulus
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are showing strong moves upward.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a Squeeze. /ZB – DownTrend and upward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – DownTrend with sideward momentum.
Junk bond (HYG) is now in an upTrend while DBC is in a sideward Trend. The indices are surging upwards.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with upward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals Market Sentiment – ExtremelyBullish. Put/Call ratio – 0.513. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 139.63. Vix – 17.91.
Market internals are showing bullishness again.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, SPY, XLI, XLB, XLY, XLU, XLK, XLP, XLF, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, SPX, SPY, XLI, XLB, /ES, XLK, XLF, 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.
5 April 2021 – Indices surged to new all-time highs on stimulus
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are showing strong moves upward.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a Squeeze. /ZB – DownTrend and upward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – DownTrend with sideward momentum.
Junk bond (HYG) is now in an upTrend while DBC is in a sideward Trend. The indices are surging upwards.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with upward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.513. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 139.63. Vix – 17.91.
Market internals are showing bullishness again.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPX, SPY, XLI, XLB, XLY, XLU, XLK, XLP, XLF, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, SPX, SPY, XLI, XLB, /ES, XLK, XLF, 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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