Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and downward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a Squeeze. /NQ – DownTrend with downward momentum. /ES – DownTrend with downward momentum and in a Squeeze.
The indices are in a down trend.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum. /ZB – DownTrend and downward momentum. HYG – DownTrend with downward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) is in a down trend but DBC is in an upTrend. Volatility has increased in the market and caution is needed in this market.
$DXY – UpTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a Squeeze. USD/JPY – UpTrend with upward momentum.
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 – 140.53. Vix – 26.67.
Market internals are giving mixed signal and is indicating a volatile market pulling back.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLI, XLB, SPY, SPX, /ES, XLK, XLV, XLY, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLF, XLE, XLB, SPY, SPX, /ES, XLK, XLY, 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.
3 March 2021 – Indices pulled back
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and downward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a Squeeze. /NQ – DownTrend with downward momentum. /ES – DownTrend with downward momentum and in a Squeeze.
The indices are in a down trend.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum. /ZB – DownTrend and downward momentum. HYG – DownTrend with downward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) is in a down trend but DBC is in an upTrend. Volatility has increased in the market and caution is needed in this market.
$DXY – UpTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a Squeeze. USD/JPY – UpTrend with upward momentum.
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 – 140.53. Vix – 26.67.
Market internals are giving mixed signal and is indicating a volatile market pulling back.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLI, XLB, SPY, SPX, /ES, XLK, XLV, XLY, XLU and XLP.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLF, XLE, XLB, SPY, SPX, /ES, XLK, XLY, 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.
Share this:
Related