Summary (The Week Ahead) $DJT – DownTrend and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – DownTrend and downward momentum. /NQ – UpTrend and upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices had a pullback and the Dow Transportation and Russell 2000 is signalling that it is heading south.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in a preliminary Squeeze. /ZB – UpTrend and upward 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 XLV, /YM, /ES, XLK, /NQ, XLP, XLY, 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, XLV, /ES, XLP, XLK, XLY, /NQ, XLU, XLI, XLF, /RTY, XLB, XLE 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.
27 July 2021 – Market rattled
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – DownTrend and downward momentum. /NQ – UpTrend and upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices had a pullback and the Dow Transportation and Russell 2000 is signalling that it is heading south.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in a preliminary Squeeze. /ZB – UpTrend and upward 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 – Bullish. Put/Call ratio – 0.577. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 151.04. Vix – 19.36.
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 XLV, /YM, /ES, XLK, /NQ, XLP, XLY, 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, XLV, /ES, XLP, XLK, XLY, /NQ, XLU, XLI, XLF, /RTY, XLB, XLE 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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