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Z_Top5_24June 2022

Z5 Daily
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Z_Top5_23 June 2022

Z5 Daily
Z5 - Top 5 stocks for today.

24 September 2021 – Continuing whipsaw market

Summary (Weekly Chart)

$DJTDownTrend with accelerating downward momentum and in a preliminary Squeeze. /YMUpTrend with decelerating upward momentum and in a Squeeze. /RTYUpTrend with decelerating downward momentum and in a tight Squeeze. /NQUpTrend with decelerating upward momentum. /ESUpTrend with decelerating upward momentum.

The indices had a rather volatile week and the Nasdaq made new high.

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

Both HYG and DBC are in a UpTrend. When both are in the same direction, the prognosis is for a continuing bull market.

$DXYUpTrend with accelerating upward momentum. EUR/USDDownTrend with decelerating downward momentum. USD/JPYUpTrend with accelerating upward momentum and in a tight Squeeze.

US Dollar is still in an Uptrend.

Summary (Daily Chart)
$DJTDownTrend with decelerating downward momentum. /YMUpTrend with decelerating downward momentum. /RTYUpTrend with decelerating upward momentum. /NQUpTrend with decelerating upward momentum. /ESUpTrend with decelerating downward momentum.

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

Oil and commodities are in a upTrend. High Yield bond (HYG) which measures market appetite for risk is trending upwards.

$DXYUpTrend with accelerating upward momentum. EUR/USDDownTrend with accelerating downward momentum. USD/JPYUpTrend with decelerating upward momentum and in a Squeeze.

Market Internals (Daily Chart)
Market SentimentBullish . Put/Call ratio – 0.597. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 146.8. Vix – 17.75.

Market Internals are showing strength.

Relative Strength – Sectors

On a 3-monthly period, 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 period, the relative strength order of the S&P ETF 500 sectors are XLY, XLF, XLK, XLV, XLI, XLE, XLP, XLB and XLU.

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