24 February 2021 – Jerome Powell downplays rising interest rates, Indices reversed upwards
Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and downward momentum. /NQ – DownTrend with downward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices reversed upwards after Jerome Powell, Chairman of the Federal Reserve Bank downplays rising interest rates.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum and in a preliminary Squeeze. /ZB – DownTrend and downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) is trending upwards again and DBC continued on its UpTrend. It is a bullish signals when both are headed in the same direction.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward 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 – 0.594. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 138.52. Vix – 21.34.
Market internals are giving mixed signal and is indicating a volatile market.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLE, XLI, SPY, SPX, /ES, XLB, XLK, XLY, XLV, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLB, XLY, XLK, XLI, XLF, SPY, SPX, /ES, XLV, XLP and XLU.
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.
24 February 2021 – Jerome Powell downplays rising interest rates, Indices reversed upwards
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and downward momentum. /NQ – DownTrend with downward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices reversed upwards after Jerome Powell, Chairman of the Federal Reserve Bank downplays rising interest rates.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum and in a preliminary Squeeze. /ZB – DownTrend and downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) is trending upwards again and DBC continued on its UpTrend. It is a bullish signals when both are headed in the same direction.
$DXY – DownTrend with downward momentum and in a preliminary Squeeze. EUR/USD – UpTrend with upward 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 – 0.594. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 138.52. Vix – 21.34.
Market internals are giving mixed signal and is indicating a volatile market.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLE, XLI, SPY, SPX, /ES, XLB, XLK, XLY, XLV, XLP and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLB, XLY, XLK, XLI, XLF, SPY, SPX, /ES, XLV, XLP and XLU.
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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