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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.

30 September 2021 – It was down and down

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 sold off on fears off another US government shutdown but did not recover when that was averted.

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

Junk bond (HYG) and DBC are giving mixed signals. This indicate a risk-off market.

Market Internals

Market Internals
Market SentimentBullish. Put/Call ratio – 0.675. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 135.55. Vix – 23.14.

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, XLK, XLV, XLB, XLU, XLI and XLP.

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

To Your Wealth!
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