Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – DownTrend with downward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
After many days of new all-time highs, the indices have found a reason to pull back.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – DownTrend and upward momentum. /ZB – DownTrend and downward momentum. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum.
Junk bond (HYG) and DBC are both in a DownTrend. Volatility has increased in the market.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals Market Sentiment – Extremely Bullish. Put/Call ratio – 0.548. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 148.11. Vix – 21.58.
Market internals have turned. Market Sentiment is still showing extreme bullishness but the rest of the other market internals are indicating bearishness. Overall, the market is signalling bearishness.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLF, XLB, /ES, SPY, SPX, XLE, XLP, XLY, XLU, XLV and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLB, XLF, /ES, SPY, SPX, XLY, XLK, XLP, XLE, XLV 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.
18 March 2021 – Market pulled back
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – DownTrend with downward momentum and in a Squeeze. /ES – UpTrend with upward momentum and in a Squeeze.
After many days of new all-time highs, the indices have found a reason to pull back.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – DownTrend and upward momentum. /ZB – DownTrend and downward momentum. HYG – DownTrend with downward momentum. DBC – DownTrend with downward momentum.
Junk bond (HYG) and DBC are both in a DownTrend. Volatility has increased in the market.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.548. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards and showing distribution. Skew – 148.11. Vix – 21.58.
Market internals have turned. Market Sentiment is still showing extreme bullishness but the rest of the other market internals are indicating bearishness. Overall, the market is signalling bearishness.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLI, XLF, XLB, /ES, SPY, SPX, XLE, XLP, XLY, XLU, XLV and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLI, XLB, XLF, /ES, SPY, SPX, XLY, XLK, XLP, XLE, XLV 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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