25 June 2021 – Weekly Review – Indices at new all-time highs
Summary (Weekly Chart)
$DJT – UpTrend with downward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices are in an UpTrend on the weekly chart and they are making new all-time highs.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – DownTrend with downward momentum. /ZB – DownTrend with downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Both HYG and DBC are in an UpTrend and as such the upTrend is intact.
$DXY – UpTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
US Dollar was on an UpTrend trajectory.
Summary (Daily Chart) $DJT – DownTrend with downward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum and in a Squeeze.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum. /ZB – DownTrend with downward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Commodities are in an UpTrend. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.478. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 170.55. Vix – 15.62.
Market Internals are showing strength.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, SPY, SPX, XLV, XLK, XLE, XLY, XLF, XLI, XLP, XLB and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, SPX, SPY, XLK, XLV, XLE, XLY, XLF, XLI, XLP, XLB and XLU.
25 June 2021 – Weekly Review – Indices at new all-time highs
Summary (Weekly Chart)
$DJT – UpTrend with downward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum.
The indices are in an UpTrend on the weekly chart and they are making new all-time highs.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – DownTrend with downward momentum. /ZB – DownTrend with downward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Both HYG and DBC are in an UpTrend and as such the upTrend is intact.
$DXY – UpTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum.
US Dollar was on an UpTrend trajectory.
Summary (Daily Chart)
$DJT – DownTrend with downward momentum. /YM – UpTrend with upward momentum. /RTY – UpTrend with upward momentum and in a Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum and in a Squeeze.
/CL – UpTrend with upward momentum. /GC – DownTrend with downward momentum. /ZB – DownTrend with downward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Commodities are in an UpTrend. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – UpTrend with upward momentum. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.478. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping upward and showing accumulation. Skew – 170.55. Vix – 15.62.
Market Internals are showing strength.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, SPY, SPX, XLV, XLK, XLE, XLY, XLF, XLI, XLP, XLB and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, SPX, SPY, XLK, XLV, XLE, XLY, XLF, XLI, XLP, XLB and XLU.
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