29 December 2020 – Indices pulled back, stimulus factored in?
Summary (The Week Ahead) $DJT – UpTrend and downward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a tight Squeeze. /RTY – UpTrend and sideward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices continued to show strength heading into 2021 and made new highs. The indices are Squeezing upwards. UpTrend remains.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and Upward momentum and in a preliminary Squeeze. /ZB – DownTrend and sideward momentum and in a tight Squeeze. HYG – UpTrend with upward 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 and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum and in a preliminary Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.618. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribulation. Skew – 142.74. Vix – 23.08.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.536. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 145.3. Vix – 21.7.
Market internals are giving mixed signals. 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 /ES, XLF, SPX, XLK, XLY, XLB, SPY, XLV, XLI, XLP, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, /ES, XLK, XLB, XLY, XLI, SPY, XLV, XLP, 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.
29 December 2020 – Indices pulled back, stimulus factored in?
Summary (The Week Ahead)
$DJT – UpTrend and downward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a tight Squeeze. /RTY – UpTrend and sideward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices continued to show strength heading into 2021 and made new highs. The indices are Squeezing upwards. UpTrend remains.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and Upward momentum and in a preliminary Squeeze. /ZB – DownTrend and sideward momentum and in a tight Squeeze.
HYG – UpTrend with upward 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 and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – DownTrend with upward momentum and in a preliminary Squeeze.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.618. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribulation. Skew – 142.74. Vix – 23.08.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.536. Market Breadth – sloping downwards showing more losers than gainers.
Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 145.3. Vix – 21.7.
Market internals are giving mixed signals. 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 /ES, XLF, SPX, XLK, XLY, XLB, SPY, XLV, XLI, XLP, XLE and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are SPX, /ES, XLK, XLB, XLY, XLI, SPY, XLV, XLP, 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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