Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a Squeeze. /YM – UpTrend and upward momentum. /RTY – DownTrend with Upward momentum and in a preliminary Squeeze. /NQ – UpTrend and Upward momentum. /ES – UpTrend and Upward momentum.
The indices are turning upward again.
/CL – Downtrend and downward momentum. /GC – Downtrend and downward momentum. /ZB – DownTrend with downward momentum and in a tight Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend and downward momentum.
It is risk off. Junk bond (HYG) and DBC are both trending downwards with downward momentum.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend and with upward momentum.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.644.Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –26.37. Vix Futures – 29.85. Skew – 120.94.
Sentiment continues to be bullish and indices are showing signs of turning upwards. Vix remains high indicating high volatility. Skew is normal.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLI, XLY, XLK, XLB, XLV, XLU, /ES, SPX, SPY, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, /ES, SPX, SPY, 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.
30 September 2020 – Indices swing upwards
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a Squeeze. /YM – UpTrend and upward momentum. /RTY – DownTrend with Upward momentum and in a preliminary Squeeze. /NQ – UpTrend and Upward momentum. /ES – UpTrend and Upward momentum.
The indices are turning upward again.
/CL – Downtrend and downward momentum. /GC – Downtrend and downward momentum. /ZB – DownTrend with downward momentum and in a tight Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend and downward momentum.
It is risk off. Junk bond (HYG) and DBC are both trending downwards with downward momentum.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – DownTrend and with upward momentum.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.644. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –26.37. Vix Futures – 29.85. Skew – 120.94.
Sentiment continues to be bullish and indices are showing signs of turning upwards. Vix remains high indicating high volatility. Skew is normal.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLI, XLY, XLK, XLB, XLV, XLU, /ES, SPX, SPY, XLF and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, XLV, /ES, SPX, SPY, 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.
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