29 April 2021 – A determined push upward

Indices/Indices as of close of 29 Apr 2021

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.

Indices/Market Internals as of close of 29 Apr 2021

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.

Indices/S&P 500 Sectors as close of 29 Apr 2021

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.