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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.

20 September 2021 – A pullback

Summary (The Week Ahead)
$DJTDownTrend and accelerating downward momentum. /YMDownTrend and accelerating downward momentum. /RTYDownTrend and accelerating downward momentum. /NQ DownTrend and accelerating downward momentum. /ESDownTrend with accelerating downward momentum.

The indices are pulling back.

/CLUpTrend and decelerating upward momentum. /GCDownTrend and accelerating downward momentum. /ZBDownTrend and decelerating downward momentum. HYGUpTrend with decelerating upward momentum. DBCUpTrend with decelerating upward momentum.

Junk bond (HYG) and DBC are both in an upTrend and with upward momentum. This indicate a risk-on market.

Market Internals

Market Internals
Market SentimentBullish. Put/Call ratio – 0.648. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 141.57. Vix – 25.71.

Market internals are showing bearish bias and the Skew is 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 XLY, XLV, XLF, XLK, XLU, XLP, XLE, XLI and XLB.

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

To Your Wealth!
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