7 January 2021 – Democrats wins control of Senate, Indices new All-Time Highs
Summary (The Week Ahead) $DJT – UpTrend and upward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices has surged upwards as it is in a volatility compression. UpTrend remains.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and Upward momentum. /ZB – DownTrend and downward momentum and in a preliminary 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 the market is still in an UpTrend.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – Sidewards with upward momentum and in a Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.49. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 145.92. Vix – 22.37.
Market internals are giving Bullish signals. Skew is above 142 giving warning of a Fat-Tail event and warning of over-exuberance. 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, XLV, SPX, SPY, XLI, XLY, XLB, XLF, XLE, XLK, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLV, SPX, SPY, XLY, XLI, XLB, XLK, XLF, XLP, 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.
7 January 2021 – Democrats wins control of Senate, Indices new All-Time Highs
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices has surged upwards as it is in a volatility compression. UpTrend remains.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and Upward momentum. /ZB – DownTrend and downward momentum and in a preliminary 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 the market is still in an UpTrend.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward momentum and in a preliminary Squeeze. USD/JPY – Sidewards with upward momentum and in a Squeeze.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.49. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 145.92. Vix – 22.37.
Market internals are giving Bullish signals. Skew is above 142 giving warning of a Fat-Tail event and warning of over-exuberance. 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, XLV, SPX, SPY, XLI, XLY, XLB, XLF, XLE, XLK, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLV, SPX, SPY, XLY, XLI, XLB, XLK, XLF, XLP, 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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