7 May 2021: Weekly Review – A week of all-time highs
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 OverBought in the weekly chart.
The indices are on an UpTrend.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum and in a preliminary Squeeze. /ZB – DownTrend with upward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
US Dollar continue its downtrend.
Summary (Daily Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – UpTrend with upward momentum and in a Squeeze. /NQ – Sideward Trend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum and in a preliminary Squeeze. /ZB – UpTrend with upward momentum and in a tight Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Commodities are on an upTrend. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – DownTrend with downward momentum.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.649. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 145.76. Vix – 18.39.
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 XLF, SPX, XLB, /ES, SPY, XLI, XLP, XLV, XLE, XLY, XLU and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, SPX, XLB, /ES, SPY, XLI, XLP, XLV, XLE, XLY, XLK and XLU.
7 May 2021: Weekly Review – A week of all-time highs
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 OverBought in the weekly chart.
The indices are on an UpTrend.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum and in a preliminary Squeeze. /ZB – DownTrend with upward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
US Dollar continue its downtrend.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – UpTrend with upward momentum and in a Squeeze. /NQ – Sideward Trend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum and in a preliminary Squeeze. /ZB – UpTrend with upward momentum and in a tight Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Commodities are on an upTrend. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum. USD/JPY – DownTrend with downward momentum.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.649. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 145.76. Vix – 18.39.
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 XLF, SPX, XLB, /ES, SPY, XLI, XLP, XLV, XLE, XLY, XLU and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, SPX, XLB, /ES, SPY, XLI, XLP, XLV, XLE, XLY, XLK and XLU.
Share this:
Related