Summary (The Week Ahead) $DJT – DownTrend and downward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend and upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices remained volatile.
/CL – DownTrend and downward momentum. /GC – DownTrend and downward 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 – UpTrend with downward momentum and in a preliminary Squeeze.
Junk bond (HYG) is still in a downtrend while DBC is undecided. The market is undecided.
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 XLK, /NQ, /ES, XLU, /YM, XLV, XLY, XLP, XLF, XLI, /RTY, XLB, XLE and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, /NQ, /ES, /YM, XLV, XLY, XLF, XLP, XLI, /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.
5 August 2021 – A volatile month!
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend and upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices remained volatile.
/CL – DownTrend and downward momentum. /GC – DownTrend and downward 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 – UpTrend with downward momentum and in a preliminary Squeeze.
Junk bond (HYG) is still in a downtrend while DBC is undecided. The market is undecided.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.52. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 148.27. Vix – 17.28.
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 XLK, /NQ, /ES, XLU, /YM, XLV, XLY, XLP, XLF, XLI, /RTY, XLB, XLE and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, /NQ, /ES, /YM, XLV, XLY, XLF, XLP, XLI, /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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