21 December 2021 – A rally into Christmas?

Indices/Indices as of close of 21 December 2021

Summary (The Week Ahead)
$DJT – DownTrend and accelerating downward momentum. /YM – Sideward Trend and accelerating downward momentum. /RTY – DownTrend and accelerating downward momentum. /NQ – Sideward Trend and decelerating upward momentum. /ES – Sideward Trend with decelerating upward momentum.

The indices are giving mixed signals. Caution is needed.

/CL – DownTrend and decelerating downward momentum. /GC – Sideward Trend and decelerating downward momentum. /ZB – Sideward Trend and decelerating upward momentum. HYG – Sideward Trend with decelerating downward momentum. DBC – Sideward Trend with decelerating downward momentum.

Daily Tight Squeezes (The Week Ahead)
$DXY, /GC, EUR/USD

Daily Squeezes (The Week Ahead)
/CL, /ES, /NQ, /RTY, /SI, /ZB, /ZN, NDX, NZD/USD, USD/JPY

Daily Preliminary Squeezes (The Week Ahead)
$DJT, /YM, HYG, SPX

Indices/Market Internals as of close of 21 December 2021 — Market Internals

Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.708. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Vix – 21.01.

Market internals have a bearish bias.

Relative Strength – Sectors.

Indices/S&P 500 Sectors as close of 21 December 2021 — 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 XLV, XLK, XLP, XLU, XLB, XLY, XLI, XLE and XLF.

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

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.