Summary (The Week Ahead) $DJT – UpTrend and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices continued to make new all-time highs. The Russell 2000 is trending strongly. UpTrend remains.
/CL – UpTrend and upward momentum. /GC – Sidewards and sidewards momentum. /ZB – DownTrend and sideward momentum and in a 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. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.504. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 138.95. Vix – 22.89.
Market internals are showing accumulation and strong bullish bias. UpTrend remains intact.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPY, SPX, /ES, XLF, XLI, XLB, XLE, XLP, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, SPY, SPX, XLK, /ES, XLI, XLB, XLP, 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.
15 December 2020 – Stimulus is coming!
Summary (The Week Ahead)
$DJT – UpTrend and downward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices continued to make new all-time highs. The Russell 2000 is trending strongly. UpTrend remains.
/CL – UpTrend and upward momentum. /GC – Sidewards and sidewards momentum. /ZB – DownTrend and sideward momentum and in a 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. USD/JPY – DownTrend with downward momentum and in a Squeeze.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.504. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 138.95. Vix – 22.89.
Market internals are showing accumulation and strong bullish bias. UpTrend remains intact.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLY, SPY, SPX, /ES, XLF, XLI, XLB, XLE, XLP, XLV and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, SPY, SPX, XLK, /ES, XLI, XLB, XLP, 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.
Share this:
Related