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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.

2 September 2021 – A Slow grind upwards

Summary (The Week Ahead)
$DJTUpTrend and decelerating upward momentum and in a preliminary Squeeze. /YMUpTrend and accelerating upward momentum and in a Squeeze. /RTYUpTrend and accelerating upward momentum. /NQ UpTrend and accelerating upward momentum. /ESUpTrend with accelerating upward momentum and a new All-Time high.

The indices are bullish and in an upTrend.

/CLUpTrend and accelerating upward momentum and in a preliminary Squeeze. /GCUpTrend and accelerating upward momentum. /ZBDownTrend and accelerating downward momentum and in a preliminary Squeeze. HYGUpTrend with accelerating upward momentum. DBCUpTrend with accelerating upward momentum.

Junk bond (HYG) and DBC are both in an upTrend. The market is bullish.

Market Internals

Market Internals
Market SentimentExtremely Bullish. Put/Call ratio – 0.509. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 156.98. Vix – 16.41.

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 XLU, XLV, XLI, XLP, XLK, XLY, XLB, XLF and XLE.

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

To Your Wealth!
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