Bursa KLCI

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.

19 August 2021 – The pullback continues

Summary (The Week Ahead)
$DJTDowTrend and downward momentum and in a preliminary Squeeze. /YMDownTrend and downward momentum and in a Squeeze. /RTYDownTrend and downward momentum and in a preliminary Squeeze. /NQ DownTrend and downward momentum and in a Squeeze. /ESDownTrend with downward momentum and in a Squeeze.

The indices have turned downwards.

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

Junk bond (HYG) is on a downTrend and DBC is also in a downTrend. The market is bearish.

Market Internals

Market Internals
Market SentimentBullish. Put/Call ratio – 0.613. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 151.19. Vix – 21.67.

Market internals are showing bearish bias and the Skew is extremely high.

Relative Strength – Sectors.

Ranking the Strength of the S&P 500 ETFs over 12 month period

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLU, XLV, XLK, XLP, /NQ, /ES, /YM, XLF, XLI, XLB, XLY, $DJT, /RTY and XLE.

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

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