15 June 2021 – A divergent market, Sell signal in Dow Industrial

Indices/Indices as of close of 15 Jun 2021

Summary (The Week Ahead)
$DJT – DownTrend and downward momentum and in a preliminary Squeeze. /YM – Downward Trend and downward momentum and in a Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend and upward momentum. /ES – UpTrend with upward momentum and in a preliminary Squeeze.

The indices are giving mixed signals. The Dow Transportation is heading downwards but the S&P 500 is heading upwards.

/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum and in a Squeeze. /ZB – UpTrend and upward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.

Junk bond (HYG) and DBC are heading upwards.

Indices/Market Internals as of close of 15 June 2021

Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.495. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 161.35. Vix – 17.02.

Market internals are showing bullish bias.

Relative Strength – Sectors.

Indices/S&P 500 Sectors as close of 15 June 2021

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are SPY, SPX, XLE, /ES, XLK, XLV, XLP, XLF, XLU, XLI, XLB and XLY.

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPY, SPX, XLE, /ES, XLK, XLV, XLP, XLI, XLF, XLB, XLU and XLY.

To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948.
If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.