Summary (The Week Ahead) $DJT – DownTrend and in preliminary Squeeze. /YM – DownTrend and in a Squeeze. /RTY – DownTrend and in a preliminary Squeeze. /NQ – UpTrend and in a preliminary Squeeze. /ES – DownTrend and in a Squeeze.
Volatility is compressed.
/CL –UpTrend. /GC – UpTrendand in a Squeeze. /ZB – UpTrend and in Squeeze.HYG – DownTrend and in a preliminary Squeeze. DBC – DownTrend and in a preliminary Squeeze.
$DXY – UpTrend and in a Squeeze. EUR/USD – DownTrend and in a Squeeze. USD/JPY – UpTrend and in a preliminary Squeeze.
Market Internals Market Sentiment – Bearish. Put/Call ratio – 0.896. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Long term volume trend is showing distribution. Vix – 32.61 and Vix Futures – 33. Skew – 124.35.
The Squeezes in the indices are indicating that a big move is coming up.
Bond market traded upward. Gold is now back above US$1700. Market Internals are indicating bearishness. HYG which is the ETF for high yield bonds is trading sideways with bearish bias. The prognosis is that the market is turning downward.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLK, XLY, /ES, SPX, SPY, XLB, XLP, XLE, XLU, XLI and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLY, SPY, SPX, /ES, XLP, XLB, XLU, XLE, XLI 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.
14 May 2020 – Indices recovered
Summary (The Week Ahead)
$DJT – DownTrend and in preliminary Squeeze. /YM – DownTrend and in a Squeeze. /RTY – DownTrend and in a preliminary Squeeze. /NQ – UpTrend and in a preliminary Squeeze. /ES – DownTrend and in a Squeeze.
Volatility is compressed.
/CL – UpTrend. /GC – UpTrend and in a Squeeze. /ZB – UpTrend and in Squeeze. HYG – DownTrend and in a preliminary Squeeze. DBC – DownTrend and in a preliminary Squeeze.
$DXY – UpTrend and in a Squeeze. EUR/USD – DownTrend and in a Squeeze. USD/JPY – UpTrend and in a preliminary Squeeze.
Market Internals
Market Sentiment – Bearish. Put/Call ratio – 0.896. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Long term volume trend is showing distribution. Vix – 32.61 and Vix Futures – 33. Skew – 124.35.
The Squeezes in the indices are indicating that a big move is coming up.
Bond market traded upward. Gold is now back above US$1700. Market Internals are indicating bearishness. HYG which is the ETF for high yield bonds is trading sideways with bearish bias. The prognosis is that the market is turning downward.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLK, XLY, /ES, SPX, SPY, XLB, XLP, XLE, XLU, XLI and XLF.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLK, XLY, SPY, SPX, /ES, XLP, XLB, XLU, XLE, XLI 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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