/CL – Sideways and in a Squeeze. /GC – DownTrend and in a preliminary Squeeze. /ZB – DownTrend. HYG – UpTrend and in a preliminary Squeeze. DBC – UpTrend.
Junk bond (HYG) is trending sideways and DBC is still in an UpTrend. This is a sign that the uptrend is still intact.
$DXY – DownTrend. EUR/USD – UpTrend and in a Squeeze. USD/JPY – DownTrend and in a preliminary Squeeze.
Market Internals Market Sentiment – Very Bullish. Put/Call ratio – 0.618.Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –22.72. Vix Futures – 25.70. Skew – 144.05.
The market internals are warning that this market is due for a pullback. Skew is above 142 and market sentiment is extremely bullish. The Market Breadth and Market Volume are indicating decreasing breadth and distribution is happening.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, /ES, SPY, SPX, XLY, XLV, XLB, XLP, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, SPY, /ES, SPX, XLY, XLV, XLB, 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 FFpersonal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
20 August 2020 – Nasdaq at new all time high
Summary (The Week Ahead)
$DJT – UpTrend. /YM – UpTrend. /RTY – DownTrend. /NQ – UpTrend. /ES – UpTrend.
The indices continue to trend upward.
/CL – Sideways and in a Squeeze. /GC – DownTrend and in a preliminary Squeeze. /ZB – DownTrend. HYG – UpTrend and in a preliminary Squeeze. DBC – UpTrend.
Junk bond (HYG) is trending sideways and DBC is still in an UpTrend. This is a sign that the uptrend is still intact.
$DXY – DownTrend. EUR/USD – UpTrend and in a Squeeze. USD/JPY – DownTrend and in a preliminary Squeeze.
Market Internals
Market Sentiment – Very Bullish. Put/Call ratio – 0.618. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix –22.72. Vix Futures – 25.70. Skew – 144.05.
The market internals are warning that this market is due for a pullback. Skew is above 142 and market sentiment is extremely bullish. The Market Breadth and Market Volume are indicating decreasing breadth and distribution is happening.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, /ES, SPY, SPX, XLY, XLV, XLB, XLP, XLI, XLU, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, SPY, /ES, SPX, XLY, XLV, XLB, 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 FFpersonal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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