Summary (The Week Ahead) $DJT – DownTrend and downward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend with downward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are under pressure and looks to be range trading or in the process of turning.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and downward momentum. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – UpTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) is range trading and DBC have turned upwards.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLP, SPY, XLB, SPX, XLI, /ES, XLV, XLU, XLK and XLY.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLF, XLP, SPY, SPX, XLB, XLI, /ES, XLV, 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.
3 June 2021 – Volatility increases
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum and in a Squeeze. /YM – UpTrend and upward momentum and in a Squeeze. /RTY – UpTrend and upward momentum and in a preliminary Squeeze. /NQ – UpTrend with downward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
The indices are under pressure and looks to be range trading or in the process of turning.
/CL – UpTrend and upward momentum and in a preliminary Squeeze. /GC – UpTrend and downward momentum. /ZB – DownTrend and downward momentum and in a Squeeze. HYG – UpTrend with downward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) is range trading and DBC have turned upwards.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.483. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 145.21. Vix – 18.04.
Market internals are showing bullish bias.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLP, SPY, XLB, SPX, XLI, /ES, XLV, XLU, XLK and XLY.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLE, XLF, XLP, SPY, SPX, XLB, XLI, /ES, XLV, 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.
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