Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and downward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices are trending upwards.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a preliminary Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are in an upTrend which is a bullish sign.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLF, XLI, SPY, SPX, /ES, XLY, XLK, XLP, XLV, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLF, XLI, SPX, SPY, /ES, XLY, XLK, XLP, 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.
29 April 2021 – A determined push upward
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and downward momentum and in a preliminary Squeeze. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices are trending upwards.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a preliminary Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are in an upTrend which is a bullish sign.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.56. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 139.3. Vix – 17.61.
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 XLB, XLF, XLI, SPY, SPX, /ES, XLY, XLK, XLP, XLV, XLU and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLF, XLI, SPX, SPY, /ES, XLY, XLK, XLP, 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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