19 February 2021 – Weekly Review – New Highs and pullback
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum and new All-Time high. /ES – UpTrend with upward momentum and new All-Time high.
The indices made new all-time highs for the week. UpTrend continues.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum and in a Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with downward momentum. USD/JPY – UpTrend with upward 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 upward momentum. /RTY – UpTrend with sideward momentum. /NQ – UpTrend with downward momentum. /ES – UpTrend with upward momentum.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum and in a preliminary Squeeze. /ZB – Downward with downward momentum. HYG – UpTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Oil continues to trend upwards above USD 50/barrel. High Yield bond (HYG) which measures market appetite for risk continues to trend upwards. Commodities (DBC) is in an UpTrend. It is a risk-on market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with Upward momentum and in a Squeeze. USD/JPY – UpTrend with upward momentum.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.529. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 141.53. Vix – 22.05.
Market Internals are showing strength and looks set to power upwards.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLI, XLE, SPY, SPX, /ES, XLK, XLY, XLB, XLV, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLE, XLK, XLB, XLI, XLF, /ES, SPY, SPX, XLV, XLU and XLP.
19 February 2021 – Weekly Review – New Highs and pullback
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum. /NQ – UpTrend with upward momentum and new All-Time high. /ES – UpTrend with upward momentum and new All-Time high.
The indices made new all-time highs for the week. UpTrend continues.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum and in a Squeeze. /ZB – DownTrend with Downward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with downward momentum. USD/JPY – UpTrend with upward 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 upward momentum. /RTY – UpTrend with sideward momentum. /NQ – UpTrend with downward momentum. /ES – UpTrend with upward momentum.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum and in a preliminary Squeeze. /ZB – Downward with downward momentum. HYG – UpTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Oil continues to trend upwards above USD 50/barrel. High Yield bond (HYG) which measures market appetite for risk continues to trend upwards. Commodities (DBC) is in an UpTrend. It is a risk-on market.
$DXY – DownTrend with downward momentum. EUR/USD – UpTrend with Upward momentum and in a Squeeze. USD/JPY – UpTrend with upward momentum.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.529. Market Breadth – sloping downward showing more losers to gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 141.53. Vix – 22.05.
Market Internals are showing strength and looks set to power upwards.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLI, XLE, SPY, SPX, /ES, XLK, XLY, XLB, XLV, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLY, XLE, XLK, XLB, XLI, XLF, /ES, SPY, SPX, XLV, XLU and XLP.
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