Summary (The Week Ahead) $DJT – DownTrend and downward momentum. /YM – UpTrend and Upward momentum. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend and upward momentum and new All-Time high. /ES – UpTrend with upward momentum and in a preliminary Squeeze and new All-Time high.
The indices are giving mixed signals. The Dow Transportation is heading downwards but the S&P 500 and Nasdaq 100 are making new All-time highs.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend and upward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Market internals are showing bearish bias and the Skew is extremely high at 161.85. The number of stocks going up is narrowing. The stage is set for this market to continue to be volatile and reverse downward.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, SPX, XLK, SPY, XLV, XLY, XLE, XLF, XLP, XLI, XLB and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, SPX, SPY, XLK, XLV, XLY, XLE, XLF, XLI, XLP, XLB 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.
30 June 2021 – Indices in new All-Time Highs
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum. /YM – UpTrend and Upward momentum. /RTY – UpTrend and upward momentum and in a Squeeze. /NQ – UpTrend and upward momentum and new All-Time high. /ES – UpTrend with upward momentum and in a preliminary Squeeze and new All-Time high.
The indices are giving mixed signals. The Dow Transportation is heading downwards but the S&P 500 and Nasdaq 100 are making new All-time highs.
/CL – UpTrend and upward momentum. /GC – DownTrend and downward momentum. /ZB – UpTrend and upward momentum and in a preliminary Squeeze. HYG – UpTrend and upward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) and DBC are on an upTrend again.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.479. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping downwards showing distribution. Skew – 161.85. Vix – 15.83.
Market internals are showing bearish bias and the Skew is extremely high at 161.85. The number of stocks going up is narrowing. The stage is set for this market to continue to be volatile and reverse downward.
Relative Strength – Sectors.
On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are /ES, SPX, XLK, SPY, XLV, XLY, XLE, XLF, XLP, XLI, XLB and XLU.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, SPX, SPY, XLK, XLV, XLY, XLE, XLF, XLI, XLP, XLB 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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