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.

23 September 2021 – Indices rally

Summary (The Week Ahead)
$DJTDownTrend and accelerating downward momentum. /YMDownTrend and decelerating downward momentum. /RTYDownTrend and decelerating downward momentum. /NQ UpTrend and decelerating downward momentum. /ESUpTrend with decelerating downward momentum.

The indices rallied on news of no default on Evergrande and ignored news of oncoming tapering.

/CLUpTrend and accelerating upward momentum. /GCDownTrend and accelerating downward momentum. /ZBDownTrend and accelerating downward momentum. HYGUpTrend with decelerating upward momentum. DBCUpTrend with accelerating 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 SentimentExtremely Bullish. Put/Call ratio – 0.618. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 146.87. Vix – 18.63.

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

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

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