20 November 2020 – Weekly Review – A small pullback in a bullish market
Summary (Weekly Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum with preliminary Squeeze. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward Momentum with Squeeze. /ES – UpTrend with upward momentum with preliminary Squeeze.
The indices continued their upTrend during the US election.
/CL – DownTrend with upward momentum and in a Squeeze. /GC – UpTrend with downward momentum and in a Squeeze. /ZB – UpTrend with Downward momentum. HYG – UpTrend with upward momentum and in a Squeeze.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Summary (Daily Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with Upward momentum.
/CL – UpTrend with upward momentum. /GC – DownTrend with Downwards momentum and in a preliminary Squeeze. /ZB – DownTrend with upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrendwith upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish.Put/Call ratio – 0.564. Market Breadth – sloping upward showing more gainers to losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 23.70 and Vix Futures – 24.46. Skew – 133.54.
Market Internals are showing a bullish upTrend.
Oil is trading higher. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLP, XLE, XLI, XLF, SPX, SPY, XLY, /ES, XLK, XLU and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLP, SPX, SPY, XLI, XLV, XLY, XLB, XLK, 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.
20 November 2020 – Weekly Review – A small pullback in a bullish market
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum with preliminary Squeeze. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward Momentum with Squeeze. /ES – UpTrend with upward momentum with preliminary Squeeze.
The indices continued their upTrend during the US election.
/CL – DownTrend with upward momentum and in a Squeeze. /GC – UpTrend with downward momentum and in a Squeeze. /ZB – UpTrend with Downward momentum. HYG – UpTrend with upward momentum and in a Squeeze.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with Upward momentum.
/CL – UpTrend with upward momentum. /GC – DownTrend with Downwards momentum and in a preliminary Squeeze. /ZB – DownTrend with upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with downward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.564. Market Breadth – sloping upward showing more gainers to losers. Volume Acc/Dis – sloping upward and showing accumulation. Vix – 23.70 and Vix Futures – 24.46. Skew – 133.54.
Market Internals are showing a bullish upTrend.
Oil is trading higher. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLB, XLP, XLE, XLI, XLF, SPX, SPY, XLY, /ES, XLK, XLU and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLP, SPX, SPY, XLI, XLV, XLY, XLB, XLK, 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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