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 – UpTrend and Upward momentum and in a preliminary Squeeze. /ZB – DownTrend and sideward momentum and in a Squeeze. HYG – UpTrend with sideward momentum and in a preliminary Squeeze. 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 – 0.45. Market Breadth – sloping downwards showing more gainers and losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 147.079. Vix – 21.93.
Market internals continue to show accumulation. Skew is above 142 giving warning of a Fat-Tail event. UpTrend remains intact but warning bells are ringing.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLY, SPY, SPX, XLK, /ES, XLB, XLF, XLP, XLI, XLV, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, SPX, SPY, XLK, /ES, XLB, XLP, XLI, 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.
17 December 2020 – Bulls continue running
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 – UpTrend and Upward momentum and in a preliminary Squeeze. /ZB – DownTrend and sideward momentum and in a Squeeze. HYG – UpTrend with sideward momentum and in a preliminary Squeeze. 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 – 0.45. Market Breadth – sloping downwards showing more gainers and losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 147.079. Vix – 21.93.
Market internals continue to show accumulation. Skew is above 142 giving warning of a Fat-Tail event. UpTrend remains intact but warning bells are ringing.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLY, SPY, SPX, XLK, /ES, XLB, XLF, XLP, XLI, XLV, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, SPX, SPY, XLK, /ES, XLB, XLP, XLI, 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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