Summary (The Week Ahead) $DJT – UpTrend and decelerating upward momentum and in a preliminary Squeeze. /YM – UpTrend and accelerating upward momentum and in a Squeeze. /RTY – UpTrend and accelerating upward momentum. /NQ – UpTrend and accelerating upward momentum. /ES – UpTrend with accelerating upward momentum and a new All-Time high.
The indices are bullish and in an upTrend.
/CL – UpTrend and accelerating upward momentum and in a preliminary Squeeze. /GC – UpTrend and accelerating upward momentum. /ZB – DownTrend and accelerating downward momentum and in a preliminary Squeeze. HYG – UpTrend with accelerating upward momentum. DBC – UpTrend with accelerating 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 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! 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.
2 September 2021 – A Slow grind upwards
Summary (The Week Ahead)
$DJT – UpTrend and decelerating upward momentum and in a preliminary Squeeze. /YM – UpTrend and accelerating upward momentum and in a Squeeze. /RTY – UpTrend and accelerating upward momentum. /NQ – UpTrend and accelerating upward momentum. /ES – UpTrend with accelerating upward momentum and a new All-Time high.
The indices are bullish and in an upTrend.
/CL – UpTrend and accelerating upward momentum and in a preliminary Squeeze. /GC – UpTrend and accelerating upward momentum. /ZB – DownTrend and accelerating downward momentum and in a preliminary Squeeze. HYG – UpTrend with accelerating upward momentum. DBC – UpTrend with accelerating upward momentum.
Junk bond (HYG) and DBC are both in an upTrend. The market is bullish.
Market Internals
Market Sentiment – Extremely 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.
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!
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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