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Z_Top5_24June 2022

Z5 Daily
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Z_Top5_23 June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

9 July 2021 – Weekly Review – Is the market unstable?

Summary (Weekly Chart)

$DJTUpTrend with upward momentum. /YMUpTrend with upward momentum. /RTYSideward Trend with sideward momentum and in a tight Squeeze. /NQUpTrend with upward momentum. /ESUpTrend with upward momentum.

The indices are in an UpTrend on the weekly chart and the S&P 500 and Nasdaq 100 are making new all-time highs.

/CLUpTrend with upward momentum. /GCSideward Trend with downward momentum. /ZBUpTrend with upward momentum. HYGUpTrend with upward momentum and in a preliminary Squeeze. DBCUpTrend with upward momentum.

Both HYG and DBC are in an UpTrend and as such the upTrend is intact.

$DXYUpTrend with upward momentum and in a preliminary Squeeze. EUR/USDDownTrend with downward momentum and in a preliminary Squeeze. USD/JPYUpTrend with upward momentum and in a preliminary Squeeze.

US Dollar is in an Uptrend.

Summary (Daily Chart)
$DJTDownTrend with downward momentum. /YMUpTrend with upward momentum and in a preliminary Squeeze. /RTYSideward Trend with downward momentum and in a preliminary Squeeze. /NQUpTrend with upward momentum. /ESUpTrend with upward momentum.

/CLUpTrend with upward momentum. /GCUpTrend with upward momentum. /ZBUpTrend with upward momentum. HYGUpTrend with upward momentum. DBCUpTrend with upward momentum and in a preliminary Squeeze.

Commodities are in an UpTrend. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.

$DXYUpTrend with upward momentum. EUR/USDDownTrend with downward momentum. USD/JPYDownTrend with downward momentum.

Market Internals (Daily Chart)
Market SentimentExtremely Bullish . Put/Call ratio – 0.665. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 155.7. Vix – 16.18.

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 /ES, XLY, XLK, /NQ, XLV, /YM, /RTY, XLE, XLI, XLP, XLF, XLU, XLB and $DJT.

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

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