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.

6 October 2021 – ADP outperforms, so do indices

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

The ADP outperforms forecast and indices recovered and shot upwards.

/CLUpTrend and accelerating upward momentum. /GCSideward Trend 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 – 0.626. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 131.51. Vix – 21.0.

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

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

To Your Wealth!
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