12 August 2021 – 5 Trillion to push market to new highs
Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a preliminary 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.
With the passing of the Infrastructure bill, the indices should be making new daily frequently.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – DownTrend with downward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) is on a downTrend and DBC is range trading. The market remains volatile.
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 /ES, XLF, /YM, XLU, /NQ, XLK, XLP, XLV, XLI, XLY, XLB, /RTY, $DJT and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /YM, /ES, XLF, XLU, /NQ, XLK, XLP, XLI, XLV, XLY, XLB, /RTY, 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.
12 August 2021 – 5 Trillion to push market to new highs
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a preliminary 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.
With the passing of the Infrastructure bill, the indices should be making new daily frequently.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – DownTrend with downward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) is on a downTrend and DBC is range trading. The market remains volatile.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.537. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 157.18. Vix – 15.59.
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 /ES, XLF, /YM, XLU, /NQ, XLK, XLP, XLV, XLI, XLY, XLB, /RTY, $DJT and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /YM, /ES, XLF, XLU, /NQ, XLK, XLP, XLI, XLV, XLY, XLB, /RTY, 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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