11 June 2021 – Weekly Review – Oil continues to rise
Summary (Weekly Chart)
$DJT – UpTrend with downward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The indices are largely 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 upward 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 continues its downtrend.
Summary (Daily Chart) $DJT – DownTrend with downward momentum and in a preliminary Squeeze. /YM – Sideward Trend with downward momentum and in a Squeeze. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum and in a Squeeze. /ZB – UpTrend with upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Commodities are in an UpTrend. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – UpTrend with upward momentum and in a tight Squeeze. EUR/USD – DownTrend 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 – 0.54. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 159.28. Vix – 15.56.
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 SPX, SPY, /ES, XLV, XLK, XLE, XLP, XLF, XLB, XLI, XLU and XLY.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, SPY, /ES, XLE, XLV, XLK, XLP, XLF, XLI, XLB, XLY and XLU.
11 June 2021 – Weekly Review – Oil continues to rise
Summary (Weekly Chart)
$DJT – UpTrend with downward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with upward momentum.
The indices are largely 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 upward 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 continues its downtrend.
Summary (Daily Chart)
$DJT – DownTrend with downward momentum and in a preliminary Squeeze. /YM – Sideward Trend with downward momentum and in a Squeeze. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum and in a Squeeze. /ZB – UpTrend with upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Commodities are in an UpTrend. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – UpTrend with upward momentum and in a tight Squeeze. EUR/USD – DownTrend 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 – 0.54. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 159.28. Vix – 15.56.
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 SPX, SPY, /ES, XLV, XLK, XLE, XLP, XLF, XLB, XLI, XLU and XLY.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, SPY, /ES, XLE, XLV, XLK, XLP, XLF, XLI, XLB, XLY and XLU.
Share this:
Related