Summary (The Week Ahead) $DJT – Upward Trend and upward momentum. /YM – DownTrend and downward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a preliminary Squeeze. /NQ – DownTrend with downward momentum. /ES – DownTrend with downward momentum and in a Squeeze.
The indices bounced back and recovered back to its 21 EMA.
/CL – UpTrend and downward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a preliminary Squeeze. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – DownTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) is range trading and DBC has pulled back. Based on this, we can expect a range trading market or a market with some selling pressure.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLB, XLV, XLF, XLI, /ES, SPX, SPY, XLU, XLE, XLY and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, XLB, XLP, XLV, XLI, /ES, SPX, SPY, XLE, XLU, XLY and XLK.
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.
13 May 2021 – Indices bounced
Summary (The Week Ahead)
$DJT – Upward Trend and upward momentum. /YM – DownTrend and downward momentum and in a Squeeze. /RTY – DownTrend and downward momentum and in a preliminary Squeeze. /NQ – DownTrend with downward momentum. /ES – DownTrend with downward momentum and in a Squeeze.
The indices bounced back and recovered back to its 21 EMA.
/CL – UpTrend and downward momentum and in a preliminary Squeeze. /GC – UpTrend and upward momentum and in a preliminary Squeeze. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – DownTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Junk bond (HYG) is range trading and DBC has pulled back. Based on this, we can expect a range trading market or a market with some selling pressure.
Market Internals
Market Sentiment – Bullish. Put/Call ratio – 0.739. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 139.26. Vix – 23.13.
Market internals are showing bearishness.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLP, XLB, XLV, XLF, XLI, /ES, SPX, SPY, XLU, XLE, XLY and XLK.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLF, XLB, XLP, XLV, XLI, /ES, SPX, SPY, XLE, XLU, XLY and XLK.
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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