9 July 2021 – Weekly Review – Is the market unstable?
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – Sideward Trend with sideward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices are in an UpTrend on the weekly chart and the S&P 500 and Nasdaq 100 are making new all-time highs.
/CL – UpTrend with upward momentum. /GC – Sideward Trend with downward momentum. /ZB – UpTrend with upward 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 and in a preliminary Squeeze.
US Dollar is in an Uptrend.
Summary (Daily Chart) $DJT – DownTrend with downward momentum. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – Sideward Trend with downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum. /ZB – UpTrend with upward 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 – DownTrend with downward momentum.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.665. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 155.7. Vix – 16.18.
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, XLY, XLK, /NQ, XLV, /YM, /RTY, XLE, XLI, XLP, XLF, XLU, XLB and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLY, XLK, XLV, /NQ, /YM, /RTY, XLI, XLF, XLE, XLP, XLB, $DJT and XLU.
9 July 2021 – Weekly Review – Is the market unstable?
Summary (Weekly Chart)
$DJT – UpTrend with upward momentum. /YM – UpTrend with upward momentum. /RTY – Sideward Trend with sideward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
The indices are in an UpTrend on the weekly chart and the S&P 500 and Nasdaq 100 are making new all-time highs.
/CL – UpTrend with upward momentum. /GC – Sideward Trend with downward momentum. /ZB – UpTrend with upward 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 and in a preliminary Squeeze.
US Dollar is in an Uptrend.
Summary (Daily Chart)
$DJT – DownTrend with downward momentum. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – Sideward Trend with downward momentum and in a preliminary Squeeze. /NQ – UpTrend with upward momentum. /ES – UpTrend with upward momentum.
/CL – UpTrend with upward momentum. /GC – UpTrend with upward momentum. /ZB – UpTrend with upward 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 – DownTrend with downward momentum.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.665. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 155.7. Vix – 16.18.
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, XLY, XLK, /NQ, XLV, /YM, /RTY, XLE, XLI, XLP, XLF, XLU, XLB and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLY, XLK, XLV, /NQ, /YM, /RTY, XLI, XLF, XLE, XLP, XLB, $DJT and XLU.
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