30 April 2021 – Weekly Review – A good Earnings season?
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices are on an UpTrend.
/CL – UpTrend with upward momentum. /GC – DownTrend with upward momentum and in a preliminary Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
US Dollar continue its range trading.
Summary (Daily Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with sideward momentum and in a Squeeze. /RTY – UpTrend with upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum and in a preliminary Squeeze. /ZB – DownTrend with downward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Oil is trending sidewards. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is trending upwards. It is a risk-on market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals (Daily Chart) Market Sentiment – Bullish . Put/Call ratio – 0.688. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 139.32. Vix – 17.61.
Market Internals are showing strength.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLY, XLI, XLF, /ES, SPY, SPX, XLB, XLP, XLU, XLV, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLY, /ES, XLF, SPY, SPX, XLB, XLP, XLK, XLV, XLU and XLE.
30 April 2021 – Weekly Review – A good Earnings season?
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices are on an UpTrend.
/CL – UpTrend with upward momentum. /GC – DownTrend with upward momentum and in a preliminary Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
US Dollar continue its range trading.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with sideward momentum and in a Squeeze. /RTY – UpTrend with upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum and in a preliminary Squeeze. /ZB – DownTrend with downward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Oil is trending sidewards. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is trending upwards. It is a risk-on market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals (Daily Chart)
Market Sentiment – Bullish . Put/Call ratio – 0.688. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 139.32. Vix – 17.61.
Market Internals are showing strength.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLY, XLI, XLF, /ES, SPY, SPX, XLB, XLP, XLU, XLV, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLY, /ES, XLF, SPY, SPX, XLB, XLP, XLK, XLV, XLU and XLE.
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