21 July 2020 – Indices continue their surge upward
Summary (The Week Ahead) $DJT – UpTrend. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend and in a Squeeze. /NQ – UpTrend. /ES – UpTrend.
The indices continue its upward trend as more Trillions are readied to be printed.
/CL – UpTrend and in a Squeeze. /GC – UpTrend and in a Squeeze. /ZB – UpTrend and in a preliminary Squeeze. HYG – UpTrend. DBC – UpTrend.
Junk bond (HYG) and DBC are still in an UpTrend. This is a good indication that the bulls have the upper hand.
$DXY – DownTrending. EUR/USD – UpTrend and in a preliminary Squeeze. USD/JPY – DownTrend and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.541.Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –24.84. Vix Futures – 27.85. Skew – 134.84.
The indices carried on its upward grind in their tight Squeezes.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, SPY, XLY, SPX, /ES, XLV, XLK, XLP, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLB, XLK, 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.
21 July 2020 – Indices continue their surge upward
Summary (The Week Ahead)
$DJT – UpTrend. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend and in a Squeeze. /NQ – UpTrend. /ES – UpTrend.
The indices continue its upward trend as more Trillions are readied to be printed.
/CL – UpTrend and in a Squeeze. /GC – UpTrend and in a Squeeze. /ZB – UpTrend and in a preliminary Squeeze. HYG – UpTrend. DBC – UpTrend.
Junk bond (HYG) and DBC are still in an UpTrend. This is a good indication that the bulls have the upper hand.
$DXY – DownTrending. EUR/USD – UpTrend and in a preliminary Squeeze. USD/JPY – DownTrend and in a Squeeze.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.541. Market Breadth – sloping upward showing more gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –24.84. Vix Futures – 27.85. Skew – 134.84.
The indices carried on its upward grind in their tight Squeezes.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, SPY, XLY, SPX, /ES, XLV, XLK, XLP, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLB, XLK, 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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