Summary (The Week Ahead) $DJT – DownTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – UpTrend and downward momentum. /NQ – UpTrend with upward momentum. /ES – Sideward with downward momentum.
The indices pulled back and so did GameStop stock. This could be the signal of caution for the market.
/CL – UpTrend and downward momentum. /GC – DownTrend and Downward momentum. /ZB – DownTrend and upward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with downward momentum.
Junk bond (HYG) is sideways and DBC is pulling back. The market is pausing and could be sidewards for a short while.
$DXY – UpTrend with upward momentum and in a Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum and in a preliminary Squeeze.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.466. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 145.84. Vix – 30.21.
The Vix is elevated which means that the market expects further volatility. Skew is elevated as well which means that market participants is expecting a potential Fat Tail event. Market internals are giving mixed signals and volatility can be expected.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, SPX, SPY, XLV, XLE, /ES, XLY, XLF, XLI, XLB, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, SPX, SPY, /ES, XLV, XLY, XLI, XLP, XLB, 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.
28 January 2021 – Indices and GME pulled back
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum. /YM – DownTrend and downward momentum. /RTY – UpTrend and downward momentum. /NQ – UpTrend with upward momentum. /ES – Sideward with downward momentum.
The indices pulled back and so did GameStop stock. This could be the signal of caution for the market.
/CL – UpTrend and downward momentum. /GC – DownTrend and Downward momentum. /ZB – DownTrend and upward momentum. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with downward momentum.
Junk bond (HYG) is sideways and DBC is pulling back. The market is pausing and could be sidewards for a short while.
$DXY – UpTrend with upward momentum and in a Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum and in a preliminary Squeeze.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.466. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 145.84. Vix – 30.21.
The Vix is elevated which means that the market expects further volatility. Skew is elevated as well which means that market participants is expecting a potential Fat Tail event. Market internals are giving mixed signals and volatility can be expected.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, SPX, SPY, XLV, XLE, /ES, XLY, XLF, XLI, XLB, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, SPX, SPY, /ES, XLV, XLY, XLI, XLP, XLB, 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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