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 preliminary Squeeze. /NQ – UpTrend and upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are still bullish and in an upTrend.
/CL – Sideward Trend and upward momentum. /GC – UpTrend and upward momentum. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an upTrend. The market is bullish.
Market internals are showing bullish 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 /NQ, /ES, XLK, XLF, XLV, /YM, XLU, XLI, XLB, XLY, XLP, $DJT, /RTY and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, /NQ, XLF, XLK, /YM, XLV, XLI, XLY, XLU, XLP, XLB, /RTY, $DJT and XLE.
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.
26 August 2021 – Another pullback?
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 preliminary Squeeze. /NQ – UpTrend and upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are still bullish and in an upTrend.
/CL – Sideward Trend and upward momentum. /GC – UpTrend and upward momentum. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an upTrend. The market is bullish.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.515. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 157.25. Vix – 18.84.
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 /NQ, /ES, XLK, XLF, XLV, /YM, XLU, XLI, XLB, XLY, XLP, $DJT, /RTY and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, /NQ, XLF, XLK, /YM, XLV, XLI, XLY, XLU, XLP, XLB, /RTY, $DJT and XLE.
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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