Summary (The Week Ahead) $DJT – DownTrend. /YM – DownTrend and in preliminary Squeeze. /RTY – DownTrend. /NQ – UpTrend. /ES – Ranging Sideways.
Nasdaq 100 is still in an upTrend while Dow Transportation and Russell 2000 is in an DownTrend. S&P 500 is still range trading. Mixed signals in the indices.
/CL – Range Trading and in a Squeeze. /GC – UpTrendand in a Squeeze. /ZB – UpTrend and in a preliminary Squeeze. HYG – DownTrend and in a preliminary Squeeze. DBC – UpTrend.
Junk bond (HYG) and commodities (DBC) are pulling back.
$DXY – Ranging. EUR/USD – Upward and in a Squeeze. USD/JPY – DownTrend.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.843.Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –33.84. Vix Futures – 34.30. Skew – 134.05.
The indices pulled back on fears that the Covid 19 in not under control in the US of A.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPX, SPY, /ES, XLB, XLI, XLF, XLE, XLP, XLU and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, SPX, SPY, /ES, XLB, XLP, XLI, XLU, 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.
24 June 2020 – Indices tumbled, infections surged
Summary (The Week Ahead)
$DJT – DownTrend. /YM – DownTrend and in preliminary Squeeze. /RTY – DownTrend. /NQ – UpTrend. /ES – Ranging Sideways.
Nasdaq 100 is still in an upTrend while Dow Transportation and Russell 2000 is in an DownTrend. S&P 500 is still range trading. Mixed signals in the indices.
/CL – Range Trading and in a Squeeze. /GC – UpTrend and in a Squeeze. /ZB – UpTrend and in a preliminary Squeeze. HYG – DownTrend and in a preliminary Squeeze. DBC – UpTrend.
Junk bond (HYG) and commodities (DBC) are pulling back.
$DXY – Ranging. EUR/USD – Upward and in a Squeeze. USD/JPY – DownTrend.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.843. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –33.84. Vix Futures – 34.30. Skew – 134.05.
The indices pulled back on fears that the Covid 19 in not under control in the US of A.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPX, SPY, /ES, XLB, XLI, XLF, XLE, XLP, XLU and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, SPX, SPY, /ES, XLB, XLP, XLI, XLU, 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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