Summary (The Week Ahead) $DJT – UpTrend and downward momentum. /YM – DownTrend and downward momentum and in correction territory. /RTY – DownTrend with downward momentum. /NQ – DownTrend with downward momentum and with preliminary Squeeze. /ES – DownTrend with downward momentum.
The Down Industrial is now in correction territory and the other indices are testing the correction levels.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum.
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 preliminary Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals Market Sentiment – Bullish. Put/Call ratio – 0.684.Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –37.59. Skew – 128.
Market internals are bearish 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 XLP, XLU, XLY, XLB, XLF, SPX, SPY, XLK, XLI, /ES, XLE and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, SPX, SPY, /ES, XLV, XLK, XLI, XLP, 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.
29 October 2020 – Indices at Correction levels
Summary (The Week Ahead)
$DJT – UpTrend and downward momentum. /YM – DownTrend and downward momentum and in correction territory. /RTY – DownTrend with downward momentum. /NQ – DownTrend with downward momentum and with preliminary Squeeze. /ES – DownTrend with downward momentum.
The Down Industrial is now in correction territory and the other indices are testing the correction levels.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in Squeeze. /ZB – DownTrend with downward momentum and in a preliminary Squeeze. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum.
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 preliminary Squeeze. USD/JPY – DownTrend with downward momentum.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.684. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Vix –37.59. Skew – 128.
Market internals are bearish 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 XLP, XLU, XLY, XLB, XLF, SPX, SPY, XLK, XLI, /ES, XLE and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLB, XLY, SPX, SPY, /ES, XLV, XLK, XLI, XLP, 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