Summary (The Week Ahead) $DJT – DownTrend and downward momentum and in a preliminary Squeeze. /YM – UpTrend and Upward momentum. /RTY – DownTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend and upward momentum and new All-Time high. /ES – UpTrend with upward momentum 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 and in a Squeeze. /GC – UpTrend and upward momentum and in a preliminary Squeeze. /ZB – UpTrend and downward momentum. HYG – UpTrend with downward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Market internals are showing bullish bias and the Skew is high. 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 XLK, /NQ, /ES, XLV, /YM, XLY, XLE, /RTY, XLP, XLF, XLI, XLU, XLB and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLK, XLV, /NQ, /YM, XLY, XLF, XLI, /RTY, XLE, XLP, XLB, $DJT 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.
13 July 2021 – New highs and divergences
Summary (The Week Ahead)
$DJT – DownTrend and downward momentum and in a preliminary Squeeze. /YM – UpTrend and Upward momentum. /RTY – DownTrend and downward momentum and in a preliminary Squeeze. /NQ – UpTrend and upward momentum and new All-Time high. /ES – UpTrend with upward momentum 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 and in a Squeeze. /GC – UpTrend and upward momentum and in a preliminary Squeeze. /ZB – UpTrend and downward momentum. HYG – UpTrend with downward momentum. DBC – UpTrend with upward momentum and in a preliminary Squeeze.
Junk bond (HYG) and DBC are diverging.
Market Internals
Market Sentiment – Extremely Bullish. Put/Call ratio – 0.542. Market Breadth – sloping downwards showing more losers than gainers. Volume Acc/Dis – sloping upwards showing accumulation. Skew – 154.4. Vix – 17.12.
Market internals are showing bullish bias and the Skew is high. 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 XLK, /NQ, /ES, XLV, /YM, XLY, XLE, /RTY, XLP, XLF, XLI, XLU, XLB and $DJT.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are /ES, XLK, XLV, /NQ, /YM, XLY, XLF, XLI, /RTY, XLE, XLP, XLB, $DJT 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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