24 November 2020 – Dow Industrial breaks above 30,000
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices are all aligned in an UpTrend and has broken to new highs are about to break to new highs.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum and in a preliminary Squeeze. /ZB – DownTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an upTrend with upward momentum. That is a good sign that we are in an UpTrend market.
$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 preliminary Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.36. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 134.19. Vix – 21.64.
Market internals are giving very bullish signals showing that the indices are in an UpTrend.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLE, SPX, SPY, XLB, XLY, XLI, /ES, XLP, XLK, XLU and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, SPX, SPY, XLB, XLI, /ES, XLP, XLK, XLV, XLF, XLU 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 personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
24 November 2020 – Dow Industrial breaks above 30,000
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices are all aligned in an UpTrend and has broken to new highs are about to break to new highs.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum and in a preliminary Squeeze. /ZB – DownTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an upTrend with upward momentum. That is a good sign that we are in an UpTrend market.
$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 preliminary Squeeze.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.36. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 134.19. Vix – 21.64.
Market internals are giving very bullish signals showing that the indices are in an UpTrend.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLE, SPX, SPY, XLB, XLY, XLI, /ES, XLP, XLK, XLU and XLV.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, SPX, SPY, XLB, XLI, /ES, XLP, XLK, XLV, XLF, XLU 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 personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.
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