Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum, new All-time high and in a Squeeze. /RTY – DownTrend and upward momentum. /NQ – UpTrend and upward momentum, new All-Time high and in a preliminary Squeeze. /ES – UpTrend with upward momentum, all-Time high and in a preliminary Squeeze.
The indices are heading upwards except for the Russell 2000. New all-time highs in the Nasdaq 100, S&P 500 and Dow Futures.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – Sideward Trend and downward momentum and in a preliminary Squeeze. /ZB – UpTrend and downward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) and DBC are in a UpTrend which is bullish for the stockmarket.
Market internals are showing bearish bias and the Skew is extremely high.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLY, XLK, /NQ, XLP, /ES, XLI, /YM, XLV, XLB, XLU, XLF, $DJT, /RTY and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, /ES, /NQ, /YM, XLP, XLV, XLI, XLF, /RTY, XLU, XLE, XLB and $DJT.
Actions
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.
26 July 2021 – Ever higher!
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum, new All-time high and in a Squeeze. /RTY – DownTrend and upward momentum. /NQ – UpTrend and upward momentum, new All-Time high and in a preliminary Squeeze. /ES – UpTrend with upward momentum, all-Time high and in a preliminary Squeeze.
The indices are heading upwards except for the Russell 2000. New all-time highs in the Nasdaq 100, S&P 500 and Dow Futures.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – Sideward Trend and downward momentum and in a preliminary Squeeze. /ZB – UpTrend and downward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) and DBC are in a UpTrend which is bullish for the stockmarket.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.609. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 153.2. Vix – 17.58.
Market internals are showing bearish bias and the Skew is extremely high.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLY, XLK, /NQ, XLP, /ES, XLI, /YM, XLV, XLB, XLU, XLF, $DJT, /RTY and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, /ES, /NQ, /YM, XLP, XLV, XLI, XLF, /RTY, XLU, XLE, XLB and $DJT.
Actions
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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