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Z_Top5_24June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

Z_Top5_23 June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

12 July 2021 – Indices trend upward, upcoming earnings season

Summary (The Week Ahead)
$DJTDownTrend and downward momentum and in a preliminary Squeeze. /YMUpTrend and Upward momentum. /RTYSideward Trend and downward momentum and in a Squeeze. /NQ UpTrend and upward momentum and new All-Time high. /ESUpTrend with upward momentum and new All-Time high.

The indices are giving mixed signals. The Dow Transportation is heading downwards but the S&P 500 and Nasdaq 100 are making new All-time highs.

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

Junk bond (HYG) and DBC are back on an upTrend.

Market Internals
Market SentimentExtremely Bullish. Put/Call ratio – 0.613. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 152.15. Vix – 16.2.

Market internals are showing bearish bias and the Skew is extremely high. The number of stocks going up is narrowing. The stage is set for this market to continue to be volatile and reverse downward.

Relative Strength – Sectors.

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

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

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