7 August 2020 – Weekly Review: All-time high in the indices
Summary (Weekly Chart) $DJT – UpTrend. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
The UpTrend in the indices continues.
/CL – UpTrend. /GC – UpTrend. /ZB – UpTrend and in a Squeeze. HYG – UpTrend and in a preliminary Squeeze.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – DownTrend and in a Squeeze.
Summary (Daily Chart) $DJT – UpTrend. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend. /NQ – UpTrend and in a preliminary Squeeze. /ES – UpTrend.
/CL – UpTrend 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 – Very Bullish.Put/Call ratio – 0.62. Market Breadth – sloping upward showing gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 22.21 and Vix Futures – 24.60. Skew – 139.75.
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 /ES, SPX, SPY, XLP, XLY, XLK, XLB, XLV, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, SPX, XLB, SPY, XLK, /ES, XLP, XLI, XLU, XLF and XLE.
7 August 2020 – Weekly Review: All-time high in the indices
Summary (Weekly Chart)
$DJT – UpTrend. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
The UpTrend in the indices continues.
/CL – UpTrend. /GC – UpTrend. /ZB – UpTrend and in a Squeeze. HYG – UpTrend and in a preliminary Squeeze.
$DXY – DownTrend. EUR/USD – UpTrend. USD/JPY – DownTrend and in a Squeeze.
Summary (Daily Chart)
$DJT – UpTrend. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend. /NQ – UpTrend and in a preliminary Squeeze. /ES – UpTrend.
/CL – UpTrend 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 – Very Bullish. Put/Call ratio – 0.62. Market Breadth – sloping upward showing gainers than losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 22.21 and Vix Futures – 24.60. Skew – 139.75.
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 /ES, SPX, SPY, XLP, XLY, XLK, XLB, XLV, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLV, SPX, XLB, SPY, XLK, /ES, XLP, XLI, XLU, XLF and XLE.
Share this:
Related