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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.

3 August 2021 – A volatile market, indices reversed upwards

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

The indices have reversed upwards during earnings season.

/CLDownTrend and downward momentum and in a preliminary Squeeze. /GCUpTrend and upward momentum and in a Squeeze. /ZBUpTrend and upward momentum and in a preliminary Squeeze. HYGDownTrend with downward momentum and in a preliminary Squeeze. DBCUpTrend with upward momentum and in a preliminary Squeeze.

Junk bond (HYG) and DBC are diverging. Junk bond is now in a DownTrend with downward momentum. The market could be turning.

Market Internals
Market SentimentExtremely Bullish. Put/Call ratio – 0.57. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 152.56. Vix – 18.04.

Market internals are showing bullish 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, /ES, XLK, /NQ, /YM, XLU, XLY, XLP, XLI, XLF, XLB, /RTY, XLE and $DJT.

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

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