15 July 2021 – The signs of the beginning of a pullback?
Summary (The Week Ahead) $DJT – DownTrend and downward momentum and in a Squeeze. /YM – UpTrend and Upward momentum. /RTY – Sideward Trend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend and upward momentum. /ES – UpTrend with upward momentum.
The Dow Transportation and Russell 2000 are both heading downwards and the S&P 500 and Nasdaq 100 did not make any new highs.
/CL – DownTrend and downward momentum and in a Squeeze. /GC – UpTrend and upward momentum and in a preliminary Squeeze. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend with downward momentum. DBC – UpTrend with downward momentum and in a preliminary Squeeze.
Junk bond (HYG) and DBC are showing signs of turning downwards.
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 XLK, /YM, /ES, /NQ, XLV, XLY, XLP, XLU, XLI, XLF, /RTY, XLB. XLE and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /YM, /ES, XLK, XLV, /NQ, XLP, XLY, XLI, XLF, /RTY, XLU, XLE, XLB and $DJT.
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.
15 July 2021 – The signs of the beginning of a pullback?
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum and in a Squeeze. /YM – UpTrend and Upward momentum. /RTY – Sideward Trend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend and upward momentum. /ES – UpTrend with upward momentum.
The Dow Transportation and Russell 2000 are both heading downwards and the S&P 500 and Nasdaq 100 did not make any new highs.
/CL – DownTrend and downward momentum and in a Squeeze. /GC – UpTrend and upward momentum and in a preliminary Squeeze. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend with downward momentum. DBC – UpTrend with downward momentum and in a preliminary Squeeze.
Junk bond (HYG) and DBC are showing signs of turning downwards.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.6. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 154.15. Vix – 17.01.
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 XLK, /YM, /ES, /NQ, XLV, XLY, XLP, XLU, XLI, XLF, /RTY, XLB. XLE and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /YM, /ES, XLK, XLV, /NQ, XLP, XLY, XLI, XLF, /RTY, XLU, XLE, XLB and $DJT.
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.
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