21 April 2021 – The number of puts are increasing

Indices/Indices as of close of 21 Apr 2021

Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – Sideward Trend and sideward momentum and in a Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.

The indices are trending upwards but momentum is turning.

/CL – UpTrend and sideward momentum and in a Squeeze. /GC – UpTrend and upward momentum. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend with sideward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.

Junk bond (HYG) and DBC are both in an upTrend. The indices are grinding upward slowly.

Indices/Market Internals as of close of 21 Apr 2021

Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.656. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 139.43. Vix – 17.5.

Market internals are showing bullishness.

Relative Strength – Sectors.

Indices/S&P 500 Sectors as close of 21 Apr 2021

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLB, XLP, SPX, SPY, XLI, /ES, XLF, XLK, XLY, XLU and XLE.

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLB, SPX, XLP, SPY, XLI, /ES, XLK, XLF, XLY, XLU and XLE.

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.