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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.

5 October 2021 – Volatility continues

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

The indices recovered from its previous day sell-off but this looked more like a volitility bounce.

/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 trending in opposite directions. This indicate a risk-off market.

Market Internals

Market Internals
Market SentimentBullish. Put/Call ratio – 0.676. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 131.68. Vix – 21.3.

Market internals are showing bullish bias.

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

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

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