6 April 2021 – A slow grind upwards to new all-time highs
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 preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices are trending upwards.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a Squeeze. /ZB – UpTrend and upward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – Sideward Trend with downward momentum.
Junk bond (HYG) is in an upTrend while DBC is in a sideward Trend. The indices are grinding upward slowly.
$DXY – Sideward Trend with downward momentum. EUR/USD – Upward Trend with upward momentum. USD/JPY – UpTrend with downward momentum.
Market Internals Market Sentiment – ExtremelyBullish. Put/Call ratio – 0.521. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 142.44. Vix – 18.12.
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 XLU, /ES, XLB, XLY, SPY, SPX, XLP, XLI, XLF, XLF, XLK, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLB, SPY, SPX, XLY, XLI, XLP, XLK, XLF, 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.
6 April 2021 – A slow grind upwards to new all-time highs
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 preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices are trending upwards.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a Squeeze. /ZB – UpTrend and upward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – Sideward Trend with downward momentum.
Junk bond (HYG) is in an upTrend while DBC is in a sideward Trend. The indices are grinding upward slowly.
$DXY – Sideward Trend with downward momentum. EUR/USD – Upward Trend with upward momentum. USD/JPY – UpTrend with downward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.521. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 142.44. Vix – 18.12.
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 XLU, /ES, XLB, XLY, SPY, SPX, XLP, XLI, XLF, XLF, XLK, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLB, SPY, SPX, XLY, XLI, XLP, XLK, XLF, 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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