9 November 2020 – Vaccine hopes, Indices new historic highs
Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum . /ES – UpTrend with upward momentum.
The indices surged upwards as news that vaccine trials from Pfizer and Moderna has about 90% effectiveness.
/CL – DownTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in Squeeze. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – DownTrend with upward momentum.
Investors piled into the market as news of a vaccine trials by Pfizer are shown to be 90% effective. Junk bond (HYG) is in uptrend with upward momentum and DBC is in downTrend with upward momentum. The bulls are getting back into the market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.552.Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –25.75. Skew – 127.41.
Market internals are giving bullish signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, SPX, SPY, XLU, XLV, XLB, /ES, XLI, XLY, XLK, XLE and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, SPY, XLY, XLB, XLV, /ES, XLI, XLK, 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.
9 November 2020 – Vaccine hopes, Indices new historic highs
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum. /RTY – UpTrend with upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum . /ES – UpTrend with upward momentum.
The indices surged upwards as news that vaccine trials from Pfizer and Moderna has about 90% effectiveness.
/CL – DownTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and downward momentum and in Squeeze. /ZB – DownTrend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – DownTrend with upward momentum.
Investors piled into the market as news of a vaccine trials by Pfizer are shown to be 90% effective. Junk bond (HYG) is in uptrend with upward momentum and DBC is in downTrend with upward momentum. The bulls are getting back into the market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.552. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Vix –25.75. Skew – 127.41.
Market internals are giving bullish signals.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, SPX, SPY, XLU, XLV, XLB, /ES, XLI, XLY, XLK, XLE and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, SPY, XLY, XLB, XLV, /ES, XLI, XLK, 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.
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