1 July 2021 – A bizarre market?

Indices/Indices as of close of 1 Jul 2021

Summary (The Week Ahead)
$DJT – Sideward Trend and upward 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 new All-Time high.

The indices are all heading upwards. The S&P 500 and Nasdaq 100 are making new All-time highs.

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

Junk bond (HYG) and DBC are on an upTrend again.

Indices/Market Internals as of close of 1 July 2021

Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.496. Market Breadth – sloping upwards showing more gainers than losers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 155.65. Vix – 15.48.

Market internals are showing bullish bias and the Skew is extremely high at 155.65.

Relative Strength – Sectors.

Indices/S&P 500 Sectors as close of 1 Jul 2021

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

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