Summary (The Week Ahead) $DJT – DownTrend and downward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a Squeeze. /NQ – UpTrend and upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices remained volatile.
/CL – DownTrend and downward momentum. /GC – UpTrend and upward momentum and in a tight Squeeze. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum and in a preliminary Squeeze. DBC – DownTrend with downward momentum.
Junk bond (HYG) and DBC are both turning downwards. The market is turning downwards.
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 /NQ, XLK, /ES, XLV, XLU, /YM, 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 /NQ, XLK, /ES, XLV, /YM, XLY, XLU, XLF, XLI, XLP, /RTY, XLB, XLE 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.
4 August 2021 – August volatility!
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a Squeeze. /NQ – UpTrend and upward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices remained volatile.
/CL – DownTrend and downward momentum. /GC – UpTrend and upward momentum and in a tight Squeeze. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum and in a preliminary Squeeze. DBC – DownTrend with downward momentum.
Junk bond (HYG) and DBC are both turning downwards. The market is turning downwards.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.612. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 151.4. Vix – 17.97.
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 /NQ, XLK, /ES, XLV, XLU, /YM, 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 /NQ, XLK, /ES, XLV, /YM, XLY, XLU, XLF, XLI, XLP, /RTY, XLB, XLE 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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