4 February 2021 – Indices Squeezed upwards to new All-Time highs
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices are Squeezing upwards to new all-time highs.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and Downward momentum and in a Squeeze. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC continued on their UpTrend. DBC is Squeezing upwards.
$DXY – UpTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.503. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 136.01. Vix – 21.77.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, SPY, SPX, XLY, XLF, XLE, XLV, XLI, XLU and XLB.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, XLB, XLI, XLE, SPY, SPX, XLF, XLV, XLU and XLP.
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.
4 February 2021 – Indices Squeezed upwards to new All-Time highs
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
The indices are Squeezing upwards to new all-time highs.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – DownTrend and Downward momentum and in a Squeeze. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC continued on their UpTrend. DBC is Squeezing upwards.
$DXY – UpTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.503. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 136.01. Vix – 21.77.
Market internals are giving bullish signals. Overall market sentiment remains extremely bullish.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, SPY, SPX, XLY, XLF, XLE, XLV, XLI, XLU and XLB.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLK, XLB, XLI, XLE, SPY, SPX, XLF, XLV, XLU and XLP.
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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