12 November 2021 – Weekly Review – A small pullback for the week
Summary (Weekly Chart)
$DJT – UpTrend with accelerating upward momentum. /YM – UpTrend with accelerating upward momentum and in a Squeeze. /RTY – UpTrend with accelerating upward momentum and in a Squeeze. /NQ – UpTrend with accelerating upward momentum. /ES – UpTrend with accelerating upward momentum and in a preliminary Squeeze.
The indices made new highs.
/CL – UpTrend with accelerating upward momentum. /GC – UpTrend with decelerating downward momentum and in a Squeeze. /ZB – Sideward Trend with decreasing downward momentum. HYG – Sideward Trend with accelerating downward momentum and in a preliminary Squeeze. DBC – UpTrend with accelerating upward momentum.
HYG is in a sideward Trend and DBC is in an UpTrend. The prognosis is for caution.
$DXY – UpTrend with accelerating upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
US Dollar is in an Uptrend.
Summary (Daily Chart) $DJT – UpTrend with decelerating upward momentum. /YM – UpTrend with decelerating upward momentum. /RTY – UpTrend with decelerating upward momentum. /NQ – UpTrend with decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
/CL – Sideward Trend with decelerating upward momentum. /GC – UpTrend with accelerating upward momentum. /ZB – UpTrend with decelerating upward momentum. HYG – DownTrend with decelerating upward momentum. DBC – Sideward Trend with decelerating upward momentum.
Gold is now upTrending and Oil is turning sidewards. High Yield bond (HYG) which measures market appetite for risk is trending downwards.
$DXY – UpTrend with accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish. Put/Call ratio – 0.499. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 144.37. Vix – 16.29.
Market Internals are showing strength and bullishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLB, XLK, XLI, XLP, XLE, XLF, XLY, XLV and XLU.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLB, XLK, XLI, XLP, XLF, XLE, XLV, XLY and XLU.
To Your Wealth! Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
12 November 2021 – Weekly Review – A small pullback for the week
Summary (Weekly Chart)
$DJT – UpTrend with accelerating upward momentum. /YM – UpTrend with accelerating upward momentum and in a Squeeze. /RTY – UpTrend with accelerating upward momentum and in a Squeeze. /NQ – UpTrend with accelerating upward momentum. /ES – UpTrend with accelerating upward momentum and in a preliminary Squeeze.
The indices made new highs.
/CL – UpTrend with accelerating upward momentum. /GC – UpTrend with decelerating downward momentum and in a Squeeze. /ZB – Sideward Trend with decreasing downward momentum. HYG – Sideward Trend with accelerating downward momentum and in a preliminary Squeeze. DBC – UpTrend with accelerating upward momentum.
HYG is in a sideward Trend and DBC is in an UpTrend. The prognosis is for caution.
$DXY – UpTrend with accelerating upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
US Dollar is in an Uptrend.
Summary (Daily Chart)
$DJT – UpTrend with decelerating upward momentum. /YM – UpTrend with decelerating upward momentum. /RTY – UpTrend with decelerating upward momentum. /NQ – UpTrend with decelerating upward momentum. /ES – UpTrend with decelerating upward momentum.
/CL – Sideward Trend with decelerating upward momentum. /GC – UpTrend with accelerating upward momentum. /ZB – UpTrend with decelerating upward momentum. HYG – DownTrend with decelerating upward momentum. DBC – Sideward Trend with decelerating upward momentum.
Gold is now upTrending and Oil is turning sidewards. High Yield bond (HYG) which measures market appetite for risk is trending downwards.
$DXY – UpTrend with accelerating upward momentum. EUR/USD – DownTrend with accelerating downward momentum. USD/JPY – UpTrend with accelerating upward momentum.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.499. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 144.37. Vix – 16.29.
Market Internals are showing strength and bullishness.
On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLB, XLK, XLI, XLP, XLE, XLF, XLY, XLV and XLU.
On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLB, XLK, XLI, XLP, XLF, XLE, XLV, XLY and XLU.
To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948.
If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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