Summary (The Week Ahead) $DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend with downward momentum. /ES – UpTrend with upward momentum.
The indices are trending upwards but momentum is turning.
/CL – UpTrend and downward momentum and in a Squeeze. /GC – UpTrend and upward momentum. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend with downward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) is showing sign of turning downward and DBC is still in an upTrend. The indices are showing signs of a slow turn.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLV, XLI, XLP, /ES, SPX, SPY, XLB, XLY, XLU, XLF, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLI, /ES, SPX, SPY, XLB, XLP, XLF, XLK, XLY, 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.
22 April 2021 – A slow turn downwards
Summary (The Week Ahead)
$DJT – UpTrend and upward momentum. /YM – UpTrend and upward momentum. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend with downward momentum. /ES – UpTrend with upward momentum.
The indices are trending upwards but momentum is turning.
/CL – UpTrend and downward momentum and in a Squeeze. /GC – UpTrend and upward momentum. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend with downward momentum. DBC – UpTrend with upward momentum.
Junk bond (HYG) is showing sign of turning downward and DBC is still in an upTrend. The indices are showing signs of a slow turn.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.603. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 138.09. Vix – 18.71.
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 XLV, XLI, XLP, /ES, SPX, SPY, XLB, XLY, XLU, XLF, XLK and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLV, XLI, /ES, SPX, SPY, XLB, XLP, XLF, XLK, XLY, 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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