25 September 2020 – Weekly Review – An upday in a DownTrend
Summary (Weekly Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum with preliminary Squeeze. /RTY – UpTrend with downward momentum and in a preliminary Squeeze. /NQ – UpTrend with downward Momentum. /ES – UpTrend.
The indices have pulled back.
/CL – DownTrend with upward momentum. /GC – UpTrend with downward momentum. /ZB – UpTrend with Downward momentum and in a Squeeze. HYG – DownTrend with downward momentum.
$DXY – DownTrend and with downward momentum. EUR/USD – UpTrend and with upward momentum. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Summary (Daily Chart) $DJT – UpTrend with downward momentum and in a Squeeze. /YM – DownTrend with downward momentum. /RTY – DownTrend with downward momentum. /NQ – DownTrend with downward momentum. /ES – DownTrend with Downward momentum.
/CL – DownTrend with upward momentum. /GC – DownTrend and downward momentum and in a preliminary Squeeze. /ZB –DownTrend with upward momentum and in a tight Squeeze. HYG – DownTrend with downward momentum.
$DXY – DownTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – DownTrend with upward momentum.
Market Internals (Daily Chart) Market Sentiment – Bullish.Put/Call ratio – 0.72. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 26.38 and Vix Futures – 31.27. Skew – 129.26.
The indices have pulled back for about 2 weeks. Market sentiment continues to be bullish although market breadth is showing more losers than gainers and market volume is showing distribution. Indices are trending downwards with downward momentum.
Gold continues to pull back. Oil is range trading. High Yield bond (HYG) which measures market appetite for risk is trending downwards.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLY, XLK, XLU, XLB, XLP, SPX, XLV, SPY, /ES, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLB, XLV, SPX, SPY, /ES, XLP, XLK, 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.
25 September 2020 – Weekly Review – An upday in a DownTrend
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum with preliminary Squeeze. /RTY – UpTrend with downward momentum and in a preliminary Squeeze. /NQ – UpTrend with downward Momentum. /ES – UpTrend.
The indices have pulled back.
/CL – DownTrend with upward momentum. /GC – UpTrend with downward momentum. /ZB – UpTrend with Downward momentum and in a Squeeze. HYG – DownTrend with downward momentum.
$DXY – DownTrend and with downward momentum. EUR/USD – UpTrend and with upward momentum. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Summary (Daily Chart)
$DJT – UpTrend with downward momentum and in a Squeeze. /YM – DownTrend with downward momentum. /RTY – DownTrend with downward momentum. /NQ – DownTrend with downward momentum. /ES – DownTrend with Downward momentum.
/CL – DownTrend with upward momentum. /GC – DownTrend and downward momentum and in a preliminary Squeeze. /ZB –DownTrend with upward momentum and in a tight Squeeze. HYG – DownTrend with downward momentum.
$DXY – DownTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – DownTrend with upward momentum.
Market Internals (Daily Chart)
Market Sentiment – Bullish. Put/Call ratio – 0.72. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Vix – 26.38 and Vix Futures – 31.27. Skew – 129.26.
The indices have pulled back for about 2 weeks. Market sentiment continues to be bullish although market breadth is showing more losers than gainers and market volume is showing distribution. Indices are trending downwards with downward momentum.
Gold continues to pull back. Oil is range trading. High Yield bond (HYG) which measures market appetite for risk is trending downwards.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLY, XLK, XLU, XLB, XLP, SPX, XLV, SPY, /ES, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLB, XLV, SPX, SPY, /ES, XLP, XLK, 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.Share this:
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