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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.

29 September 2021 – It’s Up, It’s Down!

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

The indices were volatile due to the debt ceiling issues and inflations.

/CLUpTrend and accelerating upward momentum. /GCDownTrend and accelerating downward momentum. /ZBDownTrend and accelerating downward momentum. HYGDownTrend with accelerating downward 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 SentimentBullish. Put/Call ratio – 0.749. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 137.99. Vix – 22.56.

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

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

To Your Wealth!
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