Summary (The Week Ahead) $DJT – UpTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – DownTrend with downward momentum. /NQ – UpTrend with downward momentum and with preliminary Squeeze. /ES – DownTrend with downward momentum.
The indices are pulling back as Covid-19 cases surged.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in Squeeze. /ZB – DownTrend with upward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum and in a preliminary Squeeze.
Indices pulled back as Covid-19 is out of control in the US of A. Junk bond (HYG) is in downtrend with downward momentum and DBC is in downTrend with downward momentum.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum and in a Squeeze. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Market Internals Market Sentiment – Just Bullish. Put/Call ratio – 0.861.Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –40.28. Skew – 129.30.
Market internals are showing signs of bearishness as the US election nears.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLY, XLU, /ES, XLF, XLV, SPY, SPX, XLB, XLK, XLP, XLI and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLB, 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.
28 October 2020 – Market turns South
Summary (The Week Ahead)
$DJT – UpTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – DownTrend with downward momentum. /NQ – UpTrend with downward momentum and with preliminary Squeeze. /ES – DownTrend with downward momentum.
The indices are pulling back as Covid-19 cases surged.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in Squeeze. /ZB – DownTrend with upward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum and in a preliminary Squeeze.
Indices pulled back as Covid-19 is out of control in the US of A. Junk bond (HYG) is in downtrend with downward momentum and DBC is in downTrend with downward momentum.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum and in a Squeeze. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Market Internals
Market Sentiment – Just Bullish. Put/Call ratio – 0.861. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –40.28. Skew – 129.30.
Market internals are showing signs of bearishness as the US election nears.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLY, XLU, /ES, XLF, XLV, SPY, SPX, XLB, XLK, XLP, XLI and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLB, 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.
Share this:
Related