Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – DownTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices are trending upwards. The indices are Overbought on their daily and weekly chart.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a Squeeze. /ZB – UpTrend and upward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an upTrend. The indices are grinding upward slowly.
Market Internals Market Sentiment – ExtremelyBullish. Put/Call ratio – 0.546. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 134.29. Vix – 16.91.
Market internals are showing bullishness.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLI, XLY, SPY, /ES, SPX, XLP, XLK, XLB, XLU, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, XLI, SPX, XLY, SPY, /ES, XLP, XLK, XLB, XLV, XLU and XLE.
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.
12 April 2021 – A turn in the indices soon?
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – DownTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices are trending upwards. The indices are Overbought on their daily and weekly chart.
/CL – DownTrend and downward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a Squeeze. /ZB – UpTrend and upward momentum and in a Squeeze. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) and DBC are both in an upTrend. The indices are grinding upward slowly.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.546. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards and showing accumulation. Skew – 134.29. Vix – 16.91.
Market internals are showing bullishness.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, XLI, XLY, SPY, /ES, SPX, XLP, XLK, XLB, XLU, XLV and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, XLI, SPX, XLY, SPY, /ES, XLP, XLK, XLB, XLV, XLU and XLE.
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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