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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.

16 August 2021 – New All-Time highs in Dow and S&P 500

Summary (The Week Ahead)
$DJTUpTrend and upward momentum and in a preliminary Squeeze. /YMUpTrend and upward momentum and in a Squeeze. /RTYDownTrend and downward momentum and in a tight Squeeze. /NQ UpTrend and upward momentum and in a Squeeze. /ESUpTrend with upward momentum.

The indices are giving mix signals. The S&P 500 and the Dow Industrial made new all-time highs but the Russell 2000 is in a downtrend.

/CLDownTrend and downward momentum. /GCSideward Trend and upward momentum. /ZBUpTrend and upward momentum and in a Squeeze. HYGUpTrend with upward momentum. DBCDownTrend with downward momentum and in a preliminary Squeeze.

Junk bond (HYG) is back on a upTrend and DBC is still in a downTrend. The market remains volatile.

Market Internals
Market SentimentExtremely Bullish. Put/Call ratio – 0.586. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 152.54. Vix – 16.12.

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 XLK, XLV, XLP, /ES, /NQ, /YM, XLU, XLF, XLI, XLY, XLB, $DJT, /RTY and XLE.

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

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