15 September 2020 – Uncertainties but indices powered upwards
Summary (The Week Ahead) $DJT – UpTrend and in a preliminary Squeeze. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
The indices have now turned upwards. This is likely to be the case heading into an election.
/CL – DownTrend. /GC – Sideways and in a tight Squeeze. /ZB – DownTrend with upward momentum. HYG – UpTrend and in a preliminary Squeeze. DBC – DownTrend.
Junk bond (HYG) and DBC are giving mixed signals and as such, the indices are likely to be volatile.
$DXY – DownTrend and in a Squeeze. EUR/USD – UpTrend with sideways momentum and in a tight Squeeze. USD/JPY – DownTrend and with downward momentum and in a tight Squeeze.
Market Internals Market Sentiment – Very Bullish. Put/Call ratio – 0.58.Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –25.59. Vix Futures – 30.50. Skew – 132.95.
The market internals are giving conflicting signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLI, XLY, XLU, XLP, XLV, XLF, SPY, /ES, SPX, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, XLP, SPY, /ES, SPX, XLI, XLK, 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.
15 September 2020 – Uncertainties but indices powered upwards
Summary (The Week Ahead)
$DJT – UpTrend and in a preliminary Squeeze. /YM – UpTrend and in a preliminary Squeeze. /RTY – UpTrend and in a preliminary Squeeze. /NQ – UpTrend. /ES – UpTrend.
The indices have now turned upwards. This is likely to be the case heading into an election.
/CL – DownTrend. /GC – Sideways and in a tight Squeeze. /ZB – DownTrend with upward momentum. HYG – UpTrend and in a preliminary Squeeze. DBC – DownTrend.
Junk bond (HYG) and DBC are giving mixed signals and as such, the indices are likely to be volatile.
$DXY – DownTrend and in a Squeeze. EUR/USD – UpTrend with sideways momentum and in a tight Squeeze. USD/JPY – DownTrend and with downward momentum and in a tight Squeeze.
Market Internals
Market Sentiment – Very Bullish. Put/Call ratio – 0.58. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –25.59. Vix Futures – 30.50. Skew – 132.95.
The market internals are giving conflicting signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLI, XLY, XLU, XLP, XLV, XLF, SPY, /ES, SPX, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, XLP, SPY, /ES, SPX, XLI, XLK, 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.
Share this:
Related