31 July 2020 – Weekly Review – Indices on verge of breaking upwards
Summary (Weekly Chart) $DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
/CL – UpTrend. /GC – UpTrend and in a preliminary Squeeze. /ZB – UpTrend and in a tight Squeeze. HYG – UpTrend.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – DownTrend and in a Squeeze.
Summary (Daily Chart) $DJT – UpTrend. /YM – UpTrend and in a Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend and in a Squeeze. /ES – UpTrend and in a preliminary Squeeze.
/CL – DownTrend and in a tight Squeeze. /GC – UpTrend. /ZB – UpTrend and in a preliminary Squeeze. HYG – UpTrend.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – DownTrend and in a weekly Squeeze.
Market Internals (Daily Chart) Market Sentiment – Bullish.Put/Call ratio – 0.689. Market Breadth – sloping downward showing losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 24.46 and Vix Futures – 26.90. Skew – 141.56.
The indices are trending upward together with Bond and Gold futures.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, SPY, SPX, /ES, XLP, XLY, XLB, XLV, XLU, XLI, XLF and XLE.
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.
31 July 2020 – Weekly Review – Indices on verge of breaking upwards
Summary (Weekly Chart)
$DJT – UpTrend. /YM – UpTrend. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
/CL – UpTrend. /GC – UpTrend and in a preliminary Squeeze. /ZB – UpTrend and in a tight Squeeze. HYG – UpTrend.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – DownTrend and in a Squeeze.
Summary (Daily Chart)
$DJT – UpTrend. /YM – UpTrend and in a Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend and in a Squeeze. /ES – UpTrend and in a preliminary Squeeze.
/CL – DownTrend and in a tight Squeeze. /GC – UpTrend. /ZB – UpTrend and in a preliminary Squeeze. HYG – UpTrend.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – DownTrend and in a weekly Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Bullish. Put/Call ratio – 0.689. Market Breadth – sloping downward showing losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 24.46 and Vix Futures – 26.90. Skew – 141.56.
The indices are trending upward together with Bond and Gold futures.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, SPY, SPX, /ES, XLP, XLY, XLB, XLV, XLU, XLI, XLF and XLE.
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.
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