8 April 2021 – A tired market or just too much stimulus money around?
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – Sideward Trend and downward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices are trending upwards but have exited their volatility compression. It is likely that by next week, there will be a small retracement.
/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 upward momentum.
Junk bond (HYG) is in an upTrend while DBC is in a sideward Trend. The indices are grinding upward slowly.
$DXY – DownTrend with downward momentum. EUR/USD – Upward Trend with upward momentum. USD/JPY – DownTrend with downward momentum.
Market Internals Market Sentiment – ExtremelyBullish. Put/Call ratio – 0.544. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 139.04. Vix – 16.95.
Market internals are showing bullishness.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, SPY, SPX, XLY, /ES, XLP, XLU, XLI, XLF, XLB, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, XLK, SPY, XLY, /ES, XLI, XLP, XLF, XLB, 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.
8 April 2021 – A tired market or just too much stimulus money around?
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a preliminary Squeeze. /RTY – Sideward Trend and downward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices are trending upwards but have exited their volatility compression. It is likely that by next week, there will be a small retracement.
/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 upward momentum.
Junk bond (HYG) is in an upTrend while DBC is in a sideward Trend. The indices are grinding upward slowly.
$DXY – DownTrend with downward momentum. EUR/USD – Upward Trend with upward momentum. USD/JPY – DownTrend with downward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.544. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 139.04. Vix – 16.95.
Market internals are showing bullishness.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, SPY, SPX, XLY, /ES, XLP, XLU, XLI, XLF, XLB, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, XLK, SPY, XLY, /ES, XLI, XLP, XLF, XLB, 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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