27 April 2021 – A sideway market

Indices/Indices as of close of 27 Apr 2021

Summary (The Week Ahead)
$DJT – UpTrend and upward momentum and in a preliminary Squeeze. /YM – UpTrend and upward momentum. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.

The indices are trending upwards.

/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum. /ZB – Sideward Trend and downward momentum and in a preliminary Squeeze. HYG – UpTrend with upward momentum and in a Squeeze. DBC – UpTrend with upward momentum.

Junk bond (HYG) and DBC are in an upTrend.

Indices/Market Internals as of close of 27 Apr 2021

Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.576. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 139.13. Vix – 17.56.

Market internals are showing bullishness.

Relative Strength – Sectors.

Indices/S&P 500 Sectors as close of 27 Apr 2021

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLF, SPX, SPY, XLI, /ES, XLK, XLY, XLB, XLV, XLP, XLU and XLE.

On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, SPY, SPX, XLI, /ES, XLK, XLB, XLY, XLV, XLP, XLU and XLE.

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