Summary (The Week Ahead) $DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend. /NQ – UpTrend and exited its preliminary Squeeze. /ES – UpTrend.
Indices upTrend continues.
/CL –UpTrend. /GC – DownTrend and in a Squeeze. /ZB – DownTrendand in a preliminary Squeeze. HYG – UpTrend. DBC – UpTrend.
Junk bond (HYG) and commodities (DBC) is in upTrend which is rather bullish for the market.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – UpTrend and in a preliminary Squeeze.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.611. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –25.66. Vix Futures – 27.25. Skew – 131.50.
The indices continue to power upward and the current top should be soon. A pullback can be expected.
Bond market is in a DownTrend. Gold has pulled back and is in a downTrend. US dollar index is in a down trend and the indices are in an uptrend. Market Internals are showing bullish signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, SPX, XLY, XLE, XLK, KSPY, XLF, /ES, XLB, XLU, XLV and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLK, XLB, SPY, SPX, /ES, XLP, XLU, XLI, XLF and XLE.
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.
3 June 2020 – Breakout continues
Summary (The Week Ahead)
$DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend. /NQ – UpTrend and exited its preliminary Squeeze. /ES – UpTrend.
Indices upTrend continues.
/CL – UpTrend. /GC – DownTrend and in a Squeeze. /ZB – DownTrend and in a preliminary Squeeze. HYG – UpTrend. DBC – UpTrend.
Junk bond (HYG) and commodities (DBC) is in upTrend which is rather bullish for the market.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – UpTrend and in a preliminary Squeeze.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.611. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –25.66. Vix Futures – 27.25. Skew – 131.50.
The indices continue to power upward and the current top should be soon. A pullback can be expected.
Bond market is in a DownTrend. Gold has pulled back and is in a downTrend. US dollar index is in a down trend and the indices are in an uptrend. Market Internals are showing bullish signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, SPX, XLY, XLE, XLK, KSPY, XLF, /ES, XLB, XLU, XLV and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLK, XLB, SPY, SPX, /ES, XLP, XLU, XLI, XLF and XLE.
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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