$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The indices are on an UpTrend.
/CL – UpTrend with upward momentum. /GC – UpTrend 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.
Both HYG and DBC are in an UpTrend and as such the upTrend is intact.
$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 sideward momentum and in a preliminary Squeeze. /NQ – DownTrend with downward momentum. /ES – UpTrend with upward momentum and in a Squeeze.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum. /ZB – DownTrend with downward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with downward 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 and in a Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals (Daily Chart) Market Sentiment – Bullish . Put/Call ratio – 0.739. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 139.05. Vix – 18.81.
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, XLB, XLP, XLV, XLI, SPY, SPX, /ES, XLE, XLU, XLY and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, XLB, SPY, /ES, SPX, XLI, XLP, XLE, XLV, XLU, XLY and XLK.
14 May 2021 – Weekly Review – Indices recover
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The indices are on an UpTrend.
/CL – UpTrend with upward momentum. /GC – UpTrend 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.
Both HYG and DBC are in an UpTrend and as such the upTrend is intact.
$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 sideward momentum and in a preliminary Squeeze. /NQ – DownTrend with downward momentum. /ES – UpTrend with upward momentum and in a Squeeze.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum. /ZB – DownTrend with downward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with downward 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 and in a Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals (Daily Chart)
Market Sentiment – Bullish . Put/Call ratio – 0.739. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 139.05. Vix – 18.81.
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, XLB, XLP, XLV, XLI, SPY, SPX, /ES, XLE, XLU, XLY and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, XLB, SPY, /ES, SPX, XLI, XLP, XLE, XLV, XLU, XLY and XLK.
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