30 June 2020 – Indices surges, Gold broke above US$1800
Summary (The Week Ahead) $DJT – UpTrend. /YM – UpTrend and in preliminary Squeeze. /RTY – UpTrend and in a Squeeze. /NQ – UpTrend and in a Squeeze. /ES – UpTrend and in a 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 has exited its Squeeze. /ZB – UpTrend. HYG – DownTrend. DBC – UpTrend and in a Squeeze.
Junk bond (HYG) is in a DownTrend and commodities (DBC) is in an UpTrend. Mixed signals.
$DXY – UpTrend. EUR/USD – DownTrend and in a Squeeze. USD/JPY – UpTrend.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.659.Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –30.43. Vix Futures – 31.15. Skew – 148.27.
The indices are now in a volatility compression. Which way will it Squeeze their way? Skew is way above 142 which signal a potential for a fat tail event. Market Internals alarm bells are ringing.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPX, /ES, SPY, XLB, XLI, XLV, XLP, XLF, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, XLB, SPX, SPY, /ES, 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.
30 June 2020 – Indices surges, Gold broke above US$1800
Summary (The Week Ahead)
$DJT – UpTrend. /YM – UpTrend and in preliminary Squeeze. /RTY – UpTrend and in a Squeeze. /NQ – UpTrend and in a Squeeze. /ES – UpTrend and in a 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 has exited its Squeeze. /ZB – UpTrend. HYG – DownTrend. DBC – UpTrend and in a Squeeze.
Junk bond (HYG) is in a DownTrend and commodities (DBC) is in an UpTrend. Mixed signals.
$DXY – UpTrend. EUR/USD – DownTrend and in a Squeeze. USD/JPY – UpTrend.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.659. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –30.43. Vix Futures – 31.15. Skew – 148.27.
The indices are now in a volatility compression. Which way will it Squeeze their way? Skew is way above 142 which signal a potential for a fat tail event. Market Internals alarm bells are ringing.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPX, /ES, SPY, XLB, XLI, XLV, XLP, XLF, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLY, XLV, XLB, SPX, SPY, /ES, 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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