Summary (The Week Ahead) $DJT – DownTrend and in preliminary Squeeze. /YM – UpTrend and in a Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend and in a preliminary Squeeze. /ES – UpTrend and in a Squeeze.
The indices are poised to break upward as their volatility is compressed or squeezed.
/CL –UpTrend and in a preliminary Squeeze. /GC – UpTrendand in a Squeeze. /ZB – DownTrend and in Squeeze.HYG – DownTrend. DBC – UpTrend.
$DXY – UpTrend and in a Squeeze. EUR/USD – DownTrend and in a daily and weekly Squeeze. USD/JPY – DownTrend and in a preliminary Squeeze.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.719. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping downward and showing distribution. Long term volume trend is still showing accumulation. Vix – 31.44 and Vix Futures – 31.55. Skew – 130.68.
The Squeezes in the indices indicating that a big move is coming up.
Bond market reversed upward. Gold reversed upward as well. Market Internals are indicating bullishness. HYG which is the ETF for high yield bonds is trading sideways indicating that the market is risk adversed. The prognosis is for a bullish market as the energy from the compressed volatility in the indices are released upward.
Intermarket Analysis WTI Crude oil futures (CL) closed at $23.39. Daily trading range – 3.8. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 53.6. Crude oil is trending upwards.
Gold (/GC) closed at 1727.2. Daily trading range – 49.3. Fractal Chaos Band – closed within its FCB. Market direction – Weak UpTrend. Momentum – Neutral. RSI – 49.7. Gold is range trading and volatility is Squeezed.
Commodities (DBC) ETF closed at 10.95. Fractal Chaos Band – closed within its FCB. Market direction – Neutral. Momentum – Weak Upward. RSI – 44.3.
Bonds Bond futures (/ZB) closed at 179’01. Daily trading range – 2.2187. Fractal Chaos Band – closed below its FCB. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 49.1. It is in a preliminary Squeeze.
High Yield bond ETF (HYG) closed at 78.80. Daily trading range – 0.655. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 49.1. HYG is trending sideways.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLV, /ES, SPX, SPY, XLB, XLP, XLE, XLI, XLU and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLY, /ES, SPY, SPX, XLB, XLP, XLU, XLI, XLE and XLF.
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.
7 May 2020 – Indices poised to break upward
Summary (The Week Ahead)
$DJT – DownTrend and in preliminary Squeeze. /YM – UpTrend and in a Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend and in a preliminary Squeeze. /ES – UpTrend and in a Squeeze.
The indices are poised to break upward as their volatility is compressed or squeezed.
/CL – UpTrend and in a preliminary Squeeze. /GC – UpTrend and in a Squeeze. /ZB – DownTrend and in Squeeze. HYG – DownTrend. DBC – UpTrend.
$DXY – UpTrend and in a Squeeze. EUR/USD – DownTrend and in a daily and weekly Squeeze. USD/JPY – DownTrend and in a preliminary Squeeze.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.719. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping downward and showing distribution. Long term volume trend is still showing accumulation. Vix – 31.44 and Vix Futures – 31.55. Skew – 130.68.
The Squeezes in the indices indicating that a big move is coming up.
Bond market reversed upward. Gold reversed upward as well. Market Internals are indicating bullishness. HYG which is the ETF for high yield bonds is trading sideways indicating that the market is risk adversed. The prognosis is for a bullish market as the energy from the compressed volatility in the indices are released upward.
Intermarket Analysis
WTI Crude oil futures (CL) closed at $23.39. Daily trading range – 3.8. Fractal Chaos Band – closed within its FCB. Market direction – Strong UpTrend. Momentum – Strong Upward. RSI – 53.6. Crude oil is trending upwards.
Gold (/GC) closed at 1727.2. Daily trading range – 49.3. Fractal Chaos Band – closed within its FCB. Market direction – Weak UpTrend. Momentum – Neutral. RSI – 49.7. Gold is range trading and volatility is Squeezed.
Commodities (DBC) ETF closed at 10.95. Fractal Chaos Band – closed within its FCB. Market direction – Neutral. Momentum – Weak Upward. RSI – 44.3.
Bonds
Bond futures (/ZB) closed at 179’01. Daily trading range – 2.2187. Fractal Chaos Band – closed below its FCB. Market direction – Weak DownTrend. Momentum – Strong Downward. RSI – 49.1. It is in a preliminary Squeeze.
High Yield bond ETF (HYG) closed at 78.80. Daily trading range – 0.655. Fractal Chaos Band – closed within its FCB. Market direction – Strong DownTrend. Momentum – Weak Downward. RSI – 49.1. HYG is trending sideways.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLV, /ES, SPX, SPY, XLB, XLP, XLE, XLI, XLU and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLY, /ES, SPY, SPX, XLB, XLP, XLU, XLI, XLE and XLF.
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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