Summary (The Week Ahead) $DJT – DownTrend. /YM – DownTrend and in preliminary Squeeze. /RTY – DownTrend and in a Squeeze. /NQ – DownTrend and in a Squeeze. /ES – DownTrend and in a preliminary Squeeze.
The indices are now in their volatility compression and the likelihood of it Squeezing upward is high.
/CL – UpTrend and in a Squeeze. /GC – UpTrendand in a preliminary Squeeze. /ZB – UpTrend and in a preliminary Squeeze. HYG – DownTrend. DBC – UpTrend and in a Squeeze.
Junk bond (HYG) is in a DownTrend and commodities (DBC) is in an UpTrend.
$DXY – UpTrend. EUR/USD – DownTrend and in a Squeeze. USD/JPY – UpTrend.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.674.Market Breadth – sloping upward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –31.78. Vix Futures – 32.55. Skew – 135.75.
The indices are now in a volatility compression. Which way will it Squeeze their way? Upward or Downward?
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, /ES, SPX, SPY, XLB, XLI, XLP, XLF, XLE, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, XLB, /ES, SPX, SPY, 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.
29 June 2020 – Indices rally on housing data
Summary (The Week Ahead)
$DJT – DownTrend. /YM – DownTrend and in preliminary Squeeze. /RTY – DownTrend and in a Squeeze. /NQ – DownTrend and in a Squeeze. /ES – DownTrend and in a preliminary Squeeze.
The indices are now in their volatility compression and the likelihood of it Squeezing upward is high.
/CL – UpTrend and in a Squeeze. /GC – UpTrend and in a preliminary Squeeze. /ZB – UpTrend and in a preliminary Squeeze. HYG – DownTrend. DBC – UpTrend and in a Squeeze.
Junk bond (HYG) is in a DownTrend and commodities (DBC) is in an UpTrend.
$DXY – UpTrend. EUR/USD – DownTrend and in a Squeeze. USD/JPY – UpTrend.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.674. Market Breadth – sloping upward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –31.78. Vix Futures – 32.55. Skew – 135.75.
The indices are now in a volatility compression. Which way will it Squeeze their way? Upward or Downward?
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, /ES, SPX, SPY, XLB, XLI, XLP, XLF, XLE, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, XLB, /ES, SPX, SPY, 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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