4 June 2021 – Weekly Review – Indices continue trend upwards
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – Sideward Trend with sideward momentum and in a tight Squeeze. /NQ – UpTrend with sideward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The indices are still in an UpTrend on the weekly chart.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum. /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 – DownTrend with downward momentum and in a Squeeze. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum. /ZB – UpTrend with upward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Commodities are now in an UpTrend. High Yield bond (HYG) which measures market appetite for risk is trending sidewards. It is a risk-off market.
$DXY – Sideward Trend with upward momentum and in a Squeeze. EUR/USD – Sideward Trend with downward momentum and in a Squeeze. USD/JPY – UpTrend with upward momentum and in a Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.483. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 147.76. Vix – 16.42.
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 SPY, SPX, XLE, XLF, /ES, XLP, XLB, XLI, XLK, XLV, XLU and XLY.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPY, SPX, XLE, XLF, /ES, XLP, XLI, XLB, XLK, XLV, XLY and XLU.
4 June 2021 – Weekly Review – Indices continue trend upwards
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – Sideward Trend with sideward momentum and in a tight Squeeze. /NQ – UpTrend with sideward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The indices are still in an UpTrend on the weekly chart.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum. /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 – DownTrend with downward momentum and in a Squeeze. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with upward momentum. /ZB – UpTrend with upward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Commodities are now in an UpTrend. High Yield bond (HYG) which measures market appetite for risk is trending sidewards. It is a risk-off market.
$DXY – Sideward Trend with upward momentum and in a Squeeze. EUR/USD – Sideward Trend with downward momentum and in a Squeeze. USD/JPY – UpTrend with upward momentum and in a Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.483. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 147.76. Vix – 16.42.
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 SPY, SPX, XLE, XLF, /ES, XLP, XLB, XLI, XLK, XLV, XLU and XLY.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPY, SPX, XLE, XLF, /ES, XLP, XLI, XLB, XLK, XLV, XLY and XLU.
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