26 May 2021 – A quiet volatile market

Indices/Indices as of close of 26 May 2021

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

The indices have bounced upwards.

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

Junk bond (HYG) and DBC have turned upwards.

Indices/Market Internals as of close of 26 May 2021

Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.479. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 149.82. Vix – 17.36.

Market internals are showing bullish bias.

Relative Strength – Sectors.

Indices/S&P 500 Sectors as close of 26 May 2021

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

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