15 January 2021 – Weekly Report – Indices pulled back
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices made new all-time highs for the week and pulled back on Friday. That pullback is set to continue as it has broken the fractal support.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with downward momentum and in a Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a Squeeze. USD/JPY – DownTrend with downward momentum and in a Weekly and Monthly Squeeze.
US Dollar continues to squeeze downward.
Summary (Daily Chart) $DJT – UpTrend with upward momentum. /YM – UpTrend with downward momentum and in a Squeeze. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with downward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum. /ZB – Downward with downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with Upward momentum.
Oil is trending higher. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is in an UpTrend with Upward momentum. It is a risk-on market.
$DXY – Sidewards with upward momentum. EUR/USD – Sideward with downward momentum . USD/JPY – Sideward with upward momentum and in a Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.584. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 136.70. Vix – 24.34.
Market Internals are showing some weakness with a potential pullback.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLF, SPX, SPY, XLI, XLY, XLE, /ES, XLB, XLK, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, SPX, SPY, XLY, /ES, XLF, XLB, XLK, XLP, XLU and XLE.
15 January 2021 – Weekly Report – Indices pulled back
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices made new all-time highs for the week and pulled back on Friday. That pullback is set to continue as it has broken the fractal support.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – UpTrend with downward momentum and in a Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with upward momentum and in a Squeeze. USD/JPY – DownTrend with downward momentum and in a Weekly and Monthly Squeeze.
US Dollar continues to squeeze downward.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with downward momentum and in a Squeeze. /RTY – UpTrend with upward momentum . /NQ – UpTrend with upward momentum and in a Squeeze. /ES – UpTrend with downward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum. /ZB – Downward with downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with Upward momentum.
Oil is trending higher. High Yield bond (HYG) which measures market appetite for risk is trending upwards. Commodities (DBC) is in an UpTrend with Upward momentum. It is a risk-on market.
$DXY – Sidewards with upward momentum. EUR/USD – Sideward with downward momentum . USD/JPY – Sideward with upward momentum and in a Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.584. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 136.70. Vix – 24.34.
Market Internals are showing some weakness with a potential pullback.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLF, SPX, SPY, XLI, XLY, XLE, /ES, XLB, XLK, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, SPX, SPY, XLY, /ES, XLF, XLB, XLK, XLP, XLU and XLE.
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