30 July 2020 – US economy plunged 32.9% in 2nd quarter, indices gained
Summary (The Week Ahead) $DJT – UpTrend. /YM – Sideways and in a preliminary Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – Sideways and in a Squeeze. /ES – UpTrend and in preliminary Squeeze.
The indices are trending upward.
/CL – Sideways and in a Squeeze. /GC – UpTrend. /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.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.689.Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –24.76. Vix Futures – 27.40. Skew – 138.99.
The indices continue grinding upward.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLY, SPY, /ES, SPX, XLV, XLK, XLB, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLK, XLB, /ES, XLP, SPX, SPY, 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 July 2020 – US economy plunged 32.9% in 2nd quarter, indices gained
Summary (The Week Ahead)
$DJT – UpTrend. /YM – Sideways and in a preliminary Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – Sideways and in a Squeeze. /ES – UpTrend and in preliminary Squeeze.
The indices are trending upward.
/CL – Sideways and in a Squeeze. /GC – UpTrend. /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. USD/JPY – DownTrend.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.689. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Vix –24.76. Vix Futures – 27.40. Skew – 138.99.
The indices continue grinding upward.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLY, SPY, /ES, SPX, XLV, XLK, XLB, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, XLK, XLB, /ES, XLP, SPX, SPY, 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.
Share this:
Related